Clearbridge Dividend Correlations

Mutual Funds . USA . 
Fund . Clearbridge Dividend Strategy
SBPLX Fund  USD 32.53  0.01  0.03%   
The current 90-days correlation between Clearbridge Dividend and Kinetics Small Cap is 0.4 (i.e., Very weak diversification). The correlation of Clearbridge Dividend is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Clearbridge Dividend Correlation With Market

Almost no diversification

The correlation between Clearbridge Dividend Strategy and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Dividend Strategy and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Clearbridge Dividend Strategy. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Clearbridge Mutual Fund

  0.98SAGCX Clearbridge AggressivePairCorr
  0.92LGASX Clearbridge Small CapPairCorr
  0.98SAPCX Clearbridge AppreciationPairCorr
  0.91LGSCX Qs Small CapitalizationPairCorr
  0.72SBCLX Qs Defensive GrowthPairCorr
  0.76WAHSX Western Asset HighPairCorr
  0.97SBMLX Clearbridge Mid CapPairCorr
  0.74WAYRX Western Asset HighPairCorr
  0.91SCBCX Qs Servative GrowthPairCorr
  0.96SCGCX Qs Moderate GrowthPairCorr
  0.97SCHCX Qs Growth FundPairCorr
  0.93SCSMX Clearbridge Small CapPairCorr

Moving against Clearbridge Mutual Fund

  0.79LGOCX Legg Mason BwPairCorr
  0.76WABCX Western Asset EPairCorr
  0.76WABRX Western Asset EPairCorr
  0.75WAPIX Western Asset EPairCorr
  0.74WACSX Western Asset EPairCorr
  0.73WAPCX Western Asset EPairCorr
  0.72WACIX Western Asset EPairCorr
  0.69WABSX Western Asset IntermPairCorr
  0.65WAFCX Western Asset InflationPairCorr
  0.63WAFRX Western Asset InflationPairCorr
  0.61WAFSX Western Asset InflationPairCorr
  0.59LGFEX Qs International EquityPairCorr
  0.49SSTLX Western Asset ShortPairCorr
  0.33WAASX Western Asset TotalPairCorr
  0.73WAPRX Western Asset EPairCorr
  0.72WAPSX Western Asset EPairCorr
  0.71WATCX Western Asset IntermPairCorr
  0.71WATRX Western Asset IntermPairCorr
  0.66SBILX Western Asset PoratePairCorr
  0.62WATPX Western Asset InflationPairCorr
  0.57SBICX Clearbridge InternationalPairCorr
  0.56LIORX Clearbridge InternationalPairCorr
  0.44SCACX Western Asset CaliforniaPairCorr
  0.43WAUCX Western Asset TotalPairCorr
  0.39SBYLX Western Asset NewPairCorr
  0.36WARIX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Dividend Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Clearbridge Dividend's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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