Legg Mason Correlations

LFLCX Fund

USD 9.59 0.00 0.00%

The current 90-days correlation between Legg Mason Global and Invesco Global Health is 0.19 (i.e., Average diversification). The correlation of Legg Mason 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.

Legg Mason Correlation With Market

Average diversification

The correlation between Legg Mason Global and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legg Mason Global. 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 main economic indicators.

Moving together with Legg Mutual Fund

0.64	TEFRX	Templeton Foreign	Pair Corr
0.65	TEFTX	Templeton Foreign	Pair Corr
0.89	TEGBX	Templeton Global Bond	Pair Corr
0.64	TEMFX	Templeton Foreign	Pair Corr
0.69	TEMMX	Templeton Emerging	Pair Corr
0.76	FQCTX	Franklin Necticut Tax	Pair Corr
0.72	TEMZX	Templeton Emerging	Pair Corr
0.78	FQCHX	Franklin Templeton Smacs	Pair Corr
0.76	LGGAX	Clearbridge International	Pair Corr
0.63	TEURX	Franklin Mutual European	Pair Corr
0.72	LGIEX	Qs International Equity	Pair Corr
0.78	FQNCX	Franklin North Carolina	Pair Corr
0.73	FQMDX	Franklin Maryland Tax	Pair Corr
0.95	WAARX	Western Asset Total	Pair Corr

Moving against Legg Mutual Fund

0.41	TEMTX	Franklin Mutual Shares	Pair Corr
0.47	SAGYX	Clearbridge Aggressive	Pair Corr
0.45	SAIFX	Clearbridge Large Cap	Pair Corr
0.41	TESIX	Franklin Mutual Shares	Pair Corr
0.41	TESRX	Franklin Mutual Shares	Pair Corr
0.58	SBAYX	Western Asset Adjustable	Pair Corr
0.46	LGVAX	Clearbridge Value Trust	Pair Corr
0.43	SAPYX	Clearbridge Appreciation	Pair Corr
0.4	SASMX	Clearbridge Small Cap	Pair Corr
0.36	WAADX	Western Asset Smash	Pair Corr

Related Correlations Analysis

	GGHYX	BHCHX	SCHLX	FHCCX	RAGHX	SHPCX
GGHYX		0.89	0.99	0.79	0.99	0.8	GGHYX
BHCHX	0.89		0.88	0.95	0.89	0.79	BHCHX
SCHLX	0.99	0.88		0.78	0.98	0.78	SCHLX
FHCCX	0.79	0.95	0.78		0.82	0.8	FHCCX
RAGHX	0.99	0.89	0.98	0.82		0.79	RAGHX
SHPCX	0.8	0.79	0.78	0.8	0.79		SHPCX
	GGHYX	BHCHX	SCHLX	FHCCX	RAGHX	SHPCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Legg Mutual Fund performing well and Legg Mason 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 Legg Mason'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
GGHYX	0.63	(0.11)	(0.60)	0.93	(1.30)	3.73
BHCHX	0.65	(0.12)	(0.07)	1.27	(1.32)	4.20
SCHLX	0.55	(0.10)	(0.67)	0.89	(1.30)	3.08
FHCCX	0.69	(0.10)	(0.03)	1.05	(1.31)	4.04
RAGHX	0.63	(0.10)	(0.42)	0.96	(1.37)	3.33
SHPCX	0.62	(0.16)	(0.16)	0.96	(1.23)	4.21

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC