Clearbridge International Correlations

LMGFX Fund  USD 62.83  0.10  0.16%   
The current 90-days correlation between Clearbridge International and Clearbridge Aggressive Growth is 0.38 (i.e., Weak diversification). The correlation of Clearbridge International 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 International Correlation With Market

Very weak diversification

The correlation between Clearbridge International Grow and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge International Grow 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 Clearbridge International Growth. 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 census.

Moving together with Clearbridge Mutual Fund

  0.89LGFEX Qs International EquityPairCorr
  0.87LGOCX Legg Mason BwPairCorr
  0.61SSMMX Western Asset ManagedPairCorr
  0.71WAASX Western Asset TotalPairCorr
  0.89WACIX Western Asset EPairCorr
  0.91WACSX Western Asset EPairCorr
  0.9WABCX Western Asset EPairCorr
  0.88WABRX Western Asset EPairCorr
  0.87WABSX Western Asset IntermPairCorr
  0.92WAFCX Western Asset InflationPairCorr
  0.64WAFSX Western Asset InflationPairCorr
  0.92WAFRX Western Asset InflationPairCorr
  0.9WAPCX Western Asset EPairCorr
  0.9WAPIX Western Asset EPairCorr
  0.88WAPSX Western Asset EPairCorr
  0.89WAPRX Western Asset EPairCorr
  0.87SBICX Clearbridge InternationalPairCorr
  0.9SBILX Western Asset PoratePairCorr
  0.72WARIX Western Asset TotalPairCorr
  0.85WATCX Western Asset IntermPairCorr
  0.89WATRX Western Asset IntermPairCorr
  0.9WATPX Western Asset InflationPairCorr
  0.76WAUCX Western Asset TotalPairCorr
  0.73WAURX Western Asset TotalPairCorr
  0.61SBYLX Western Asset NewPairCorr
  0.61SCACX Western Asset CaliforniaPairCorr

Moving against Clearbridge Mutual Fund

  0.69ARMLX Western Asset AdjustablePairCorr
  0.6ARMGX Western Asset AdjustablePairCorr
  0.36SBSDX Qs Sp 500PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
WACSXWACIX
LGSCXLGASX
WACSXLGOCX
WACIXLGOCX
LGOCXLGFEX
WACSXLGFEX
  
High negative correlations   
LGOCXLGASX
LGSCXLGOCX
WACSXLGASX
WACSXLGSCX
WACIXLGASX
LGFEXLGASX

Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge International 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 International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAGCX  1.54 (0.52) 0.00 (0.29) 0.00 
 1.50 
 40.19 
LGASX  0.84 (0.07) 0.00 (0.02) 0.00 
 1.81 
 9.20 
LGFEX  0.68 (0.21) 0.00 (0.44) 0.00 
 1.06 
 8.46 
SAPCX  0.64 (0.08) 0.00 (0.59) 0.00 
 0.84 
 11.29 
LGOCX  0.35 (0.18) 0.00 (5.58) 0.00 
 0.60 
 2.31 
SSMMX  0.19 (0.04) 0.00 (0.65) 0.00 
 0.40 
 1.53 
WAASX  0.16 (0.06) 0.00 (0.73) 0.00 
 0.22 
 1.99 
LGSCX  0.97 (0.10) 0.00 (0.03) 0.00 
 1.82 
 10.81 
WACIX  0.26 (0.08) 0.00 (2.13) 0.00 
 0.43 
 1.52 
WACSX  0.26 (0.08) 0.00 (3.30) 0.00 
 0.48 
 1.72