Clearbridge Sustainability Correlations

LCISX Fund

USD 26.65 0.12 0.45%

The current 90-days correlation between Clearbridge Sustainability and Doubleline Core Fixed is 0.1 (i.e., Average diversification). The correlation of Clearbridge Sustainability 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 Sustainability Correlation With Market

Weak diversification

The correlation between Clearbridge Sustainability and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Sustainability 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 Sustainability. 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 state.

Moving together with Clearbridge Mutual Fund

0.91	TEBIX	Franklin Mutual Beacon	Pair Corr
0.85	TEDIX	Franklin Mutual Global	Pair Corr
0.85	TEDSX	Franklin Mutual Global	Pair Corr
0.84	TEDRX	Franklin Mutual Global	Pair Corr
0.61	TEFTX	Templeton Foreign	Pair Corr
0.78	TEGBX	Templeton Global Bond	Pair Corr
0.92	TEGRX	Templeton Growth	Pair Corr
0.89	TEMGX	Templeton Global Smaller	Pair Corr
0.91	TEMEX	Franklin Mutual Beacon	Pair Corr
0.84	TEMWX	Templeton World	Pair Corr
0.9	TEMTX	Franklin Mutual Shares	Pair Corr
0.74	TEMQX	Mutual Quest	Pair Corr
0.73	FQCTX	Franklin Necticut Tax	Pair Corr
0.88	SAIFX	Clearbridge Large Cap	Pair Corr
0.96	SAGYX	Clearbridge Aggressive	Pair Corr
0.72	TEQIX	Franklin Mutual Quest	Pair Corr
0.91	TEPLX	Templeton Growth	Pair Corr
0.84	TWDAX	Templeton World	Pair Corr
0.91	TESIX	Franklin Mutual Shares	Pair Corr
0.89	TESGX	Templeton Global Smaller	Pair Corr
0.9	TESRX	Franklin Mutual Shares	Pair Corr
0.78	LGIEX	Qs International Equity	Pair Corr
0.75	FQLAX	Franklin Louisiana Tax	Pair Corr
0.84	TEWTX	Templeton World	Pair Corr
0.98	SAPYX	Clearbridge Appreciation	Pair Corr
0.97	SASMX	Clearbridge Small Cap	Pair Corr
0.77	FQNCX	Franklin North Carolina	Pair Corr
0.73	FQMDX	Franklin Maryland Tax	Pair Corr

Moving against Clearbridge Mutual Fund

0.7	WAADX	Western Asset Smash	Pair Corr
0.39	SBAYX	Western Asset Adjustable	Pair Corr

Related Correlations Analysis

	DDCFX	GSXMX	DHGCX	PAEIX	QMNNX	GMADX
DDCFX		0.27	0.84	0.55	-0.2	0.49	DDCFX
GSXMX	0.27		0.23	0.76	0.18	0.66	GSXMX
DHGCX	0.84	0.23		0.33	0.09	0.47	DHGCX
PAEIX	0.55	0.76	0.33		-0.32	0.7	PAEIX
QMNNX	-0.2	0.18	0.09	-0.32		0.1	QMNNX
GMADX	0.49	0.66	0.47	0.7	0.1		GMADX
	DDCFX	GSXMX	DHGCX	PAEIX	QMNNX	GMADX

Click cells to compare fundamentals

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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

DHGCX	+ 0.84	DDCFX
PAEIX	+ 0.76	GSXMX
GMADX	+ 0.7	PAEIX
GMADX	+ 0.66	GSXMX
PAEIX	+ 0.55	DDCFX
GMADX	+ 0.49	DDCFX

High negative correlations

QMNNX	- 0.32	PAEIX
QMNNX	- 0.2	DDCFX

Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Sustainability 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 Sustainability'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
DDCFX	0.20	(0.01)	(0.37)	(0.56)	0.22	(0.28)	0.55	(0.44)	1.42
GSXMX	0.54	0.01	(0.07)	0.12	0.67	(0.58)	1.17	(1.37)	3.69
DHGCX	0.15	(0.01)	(0.50)	(0.06)	0.14	(0.21)	0.36	(0.26)	0.94
PAEIX	0.57	(0.02)	(0.10)	0.00	0.80	(0.60)	1.18	(1.37)	3.87
QMNNX	0.36	0.13	0.10	8.06	0.00	(0.47)	0.76	(0.52)	2.31
GMADX	0.63	0.01	(0.04)	0.12	1.21	(0.64)	1.17	(1.28)	11.02

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