Clearbridge Small Correlations
| SCSMX Fund | USD 22.33 0.01 0.04% |
The current 90-days correlation between Clearbridge Small Cap and Clearbridge Aggressive Growth is 0.01 (i.e., Significant diversification). The correlation of Clearbridge Small 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 Small Correlation With Market
Weak diversification
The correlation between Clearbridge Small Cap and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Small Cap and DJI in the same portfolio, assuming nothing else is changed.
Clearbridge |
Moving together with Clearbridge Mutual Fund
| 0.81 | SAGCX | Clearbridge Aggressive | PairCorr |
| 0.98 | LGASX | Clearbridge Small Cap | PairCorr |
| 0.84 | SAPCX | Clearbridge Appreciation | PairCorr |
| 0.77 | LGOCX | Legg Mason Bw | PairCorr |
| 0.78 | SSMMX | Western Asset Managed | PairCorr |
| 0.91 | LGSCX | Qs Small Capitalization | PairCorr |
| 0.7 | WACIX | Western Asset E | PairCorr |
| 0.68 | WACSX | Western Asset E | PairCorr |
| 0.7 | WABCX | Western Asset E | PairCorr |
| 0.71 | WABRX | Western Asset E | PairCorr |
| 0.65 | WAFCX | Western Asset Inflation | PairCorr |
| 0.62 | WAFSX | Western Asset Inflation | PairCorr |
| 0.64 | WAFRX | Western Asset Inflation | PairCorr |
| 0.7 | SBCLX | Qs Defensive Growth | PairCorr |
| 0.71 | WAPCX | Western Asset E | PairCorr |
| 0.71 | WAPIX | Western Asset E | PairCorr |
| 0.69 | WAPSX | Western Asset E | PairCorr |
| 0.71 | WAPRX | Western Asset E | PairCorr |
| 0.73 | SBILX | Western Asset Porate | PairCorr |
| 0.98 | SBMLX | Clearbridge Mid Cap | PairCorr |
| 0.68 | SBPLX | Clearbridge Dividend | PairCorr |
| 0.73 | SBYLX | Western Asset New | PairCorr |
| 0.76 | SCACX | Western Asset California | PairCorr |
| 0.63 | SCBCX | Qs Servative Growth | PairCorr |
| 0.63 | SCGCX | Qs Moderate Growth | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Small 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 Small'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAGCX | 1.72 | (0.69) | 0.00 | (77.21) | 0.00 | 1.61 | 38.77 | |||
| LGASX | 0.75 | (0.20) | 0.00 | (0.28) | 0.00 | 1.39 | 4.90 | |||
| SAPCX | 0.74 | (0.17) | 0.00 | 2.43 | 0.00 | 0.98 | 9.37 | |||
| LGOCX | 0.31 | (0.03) | 0.00 | (0.15) | 0.00 | 0.87 | 1.51 | |||
| SSMMX | 0.19 | (0.02) | 0.00 | (0.27) | 0.00 | 0.40 | 1.20 | |||
| WAASX | 0.13 | 0.02 | 0.12 | (1.27) | 0.00 | 0.33 | 0.90 | |||
| LGSCX | 0.91 | (0.25) | 0.00 | (0.25) | 0.00 | 1.51 | 5.70 | |||
| WACIX | 0.25 | 0.00 | 0.01 | (0.02) | 0.28 | 0.55 | 1.55 | |||
| WACSX | 0.26 | 0.03 | 0.11 | 0.48 | 0.16 | 0.58 | 1.82 |