Clearbridge Large Correlations

SINOX Fund

USD 37.90 0.12 0.32%

The current 90-days correlation between Clearbridge Large Cap and Mesirow Financial Small is 0.41 (i.e., Very weak diversification). The correlation of Clearbridge Large 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 Large Correlation With Market

Very weak diversification

The correlation between Clearbridge Large Cap and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Large Cap 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 Large Cap. 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 persons.

Moving together with Clearbridge Mutual Fund

0.61	SAGCX	Clearbridge Aggressive	Pair Corr
0.63	LGASX	Clearbridge Small Cap	Pair Corr
0.69	LGSCX	Qs Small Capitalization	Pair Corr
0.98	SBPLX	Clearbridge Dividend	Pair Corr
0.62	SCBCX	Qs Servative Growth	Pair Corr
0.76	SCGCX	Qs Moderate Growth	Pair Corr

Moving against Clearbridge Mutual Fund

0.32	SSTLX	Western Asset Short	Pair Corr
0.38	ARMLX	Western Asset Adjustable	Pair Corr
0.37	ARMGX	Western Asset Adjustable	Pair Corr

Related Correlations Analysis

	MSVIX	IAAEX	PSSRX	FAFSX	PGFMX	ICFAX	VFAIX
MSVIX		0.58	0.83	0.8	0.29	0.79	0.54	MSVIX
IAAEX	0.58		0.63	0.49	0.35	0.38	0.24	IAAEX
PSSRX	0.83	0.63		0.97	0.63	0.85	0.82	PSSRX
FAFSX	0.8	0.49	0.97		0.68	0.89	0.91	FAFSX
PGFMX	0.29	0.35	0.63	0.68		0.46	0.83	PGFMX
ICFAX	0.79	0.38	0.85	0.89	0.46		0.78	ICFAX
VFAIX	0.54	0.24	0.82	0.91	0.83	0.78		VFAIX
	MSVIX	IAAEX	PSSRX	FAFSX	PGFMX	ICFAX	VFAIX

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Large 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 Large'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MSVIX	0.96	(0.18)	(0.27)	1.40	(2.19)	10.85
IAAEX	0.80	(0.12)	(0.32)	1.41	(1.48)	9.17
PSSRX	0.97	(0.10)	(0.16)	1.69	(3.18)	6.03
FAFSX	0.89	(0.04)	(0.11)	1.65	(2.71)	6.26
PGFMX	0.39	0.01	(0.05)	0.85	(0.86)	2.21
ICFAX	0.81	(0.06)	(0.13)	1.28	(2.10)	3.93
VFAIX	0.83	0.04	(0.03)	1.46	(2.51)	6.10

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