Clearbridge Energy Correlations

XEMOX Fund

USD 54.45 0.45 0.82%

The current 90-days correlation between Clearbridge Energy Mlp and Blrc Sgy Mnp is -0.15 (i.e., Good diversification). The correlation of Clearbridge Energy 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 Energy Correlation With Market

Significant diversification

The correlation between Clearbridge Energy Mlp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Energy Mlp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Clearbridge Energy Mlp. 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

0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.85	FSKAX	Fidelity Total Market	Pair Corr
0.8	SDGTX	Deutsche Capital Growth	Pair Corr
0.63	TRBUX	T Rowe Price	Pair Corr
0.79	BDJ	Blackrock Enhanced Equity	Pair Corr
0.82	NUSAX	Nationwide Government	Pair Corr
0.77	PEO	Adams Natural Resources	Pair Corr
0.83	GUMPX	Guggenheim Market Neutral	Pair Corr
0.8	STENX	Northern Lights	Pair Corr
0.82	FXAIX	Fidelity 500 Index	Pair Corr
0.7	RFEBX	American Funds Funda	Pair Corr
0.87	WCPSX	Mobile Telecommunicatio	Pair Corr
0.84	PRWAX	T Rowe Price	Pair Corr
0.96	NML	Neuberger Berman Mlp	Pair Corr
0.64	AMFFX	American Mutual	Pair Corr
0.75	THOPX	Thompson Bond	Pair Corr
0.85	ENPSX	Oil Gas Ultrasector Potential Growth	Pair Corr
0.75	FCNTX	Fidelity Contrafund	Pair Corr
0.82	FFRHX	Fidelity Advisor Floating	Pair Corr
0.83	TWQZX	Transamerica Large Cap	Pair Corr
0.89	VSEQX	Vanguard Strategic Equity	Pair Corr

Moving against Clearbridge Mutual Fund

0.61	NHS	Neuberger Berman High	Pair Corr
0.55	VGTSX	Vanguard Total Inter	Pair Corr
0.54	VTIAX	Vanguard Total Inter	Pair Corr
0.39	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	MDMTX	USCBX	PATFX	PBXIX	RUSIX	DBLFX	MBSAX
MDMTX		0.76	0.72	-0.47	-0.53	0.8	0.66	MDMTX
USCBX	0.76		0.9	0.02	-0.07	0.58	0.77	USCBX
PATFX	0.72	0.9		-0.05	-0.07	0.65	0.79	PATFX
PBXIX	-0.47	0.02	-0.05		0.84	-0.64	0.04	PBXIX
RUSIX	-0.53	-0.07	-0.07	0.84		-0.67	-0.13	RUSIX
DBLFX	0.8	0.58	0.65	-0.64	-0.67		0.67	DBLFX
MBSAX	0.66	0.77	0.79	0.04	-0.13	0.67		MBSAX
	MDMTX	USCBX	PATFX	PBXIX	RUSIX	DBLFX	MBSAX

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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

PATFX	+ 0.9	USCBX
RUSIX	+ 0.84	PBXIX
DBLFX	+ 0.8	MDMTX
MBSAX	+ 0.79	PATFX
MBSAX	+ 0.77	USCBX
USCBX	+ 0.76	MDMTX

High negative correlations

DBLFX	- 0.67	RUSIX
DBLFX	- 0.64	PBXIX
RUSIX	- 0.53	MDMTX
PBXIX	- 0.47	MDMTX
MBSAX	- 0.13	RUSIX
RUSIX	- 0.07	PATFX

Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Energy 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 Energy'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
MDMTX	0.17	(0.01)	(0.31)	(0.20)	0.25	(0.23)	0.38	(0.56)	1.33
USCBX	0.16	0.02	(0.24)	(0.09)	0.22	(0.23)	0.39	(0.29)	1.74
PATFX	0.16	0.02	(0.24)	(0.08)	0.22	(0.24)	0.44	(0.35)	1.69
PBXIX	0.31	0.09	(0.05)	1.17	0.00	(0.41)	0.87	(0.55)	1.94
RUSIX	0.04	0.01	0.00	(1.09)	0.00	0.00	0.10	0.00	0.50
DBLFX	0.20	(0.01)	0.00	0.35	0.00	0.00	0.43	(0.54)	1.19
MBSAX	0.21	0.00	(0.35)	0.06	0.24	(0.23)	0.37	(0.44)	1.25

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