Clearbridge Sustainability Correlations

LCSTX Fund

USD 25.89 0.03 0.12%

The current 90-days correlation between Clearbridge Sustainability and Gabelli Global Financial is 0.13 (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

Very weak diversification

The correlation between Clearbridge Sustainability and DJI is 0.44 (i.e., Very 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 estimate.

Moving together with Clearbridge Mutual Fund

0.98	SAPCX	Clearbridge Appreciation	Pair Corr
0.65	WACIX	Western Asset E	Pair Corr
0.86	SCGCX	Qs Moderate Growth	Pair Corr
0.85	LLMRX	Qs Moderate Growth	Pair Corr
0.95	LMBMX	Qs Small Capitalization	Pair Corr
0.89	LMISX	Qs Large Cap	Pair Corr
0.89	LMTIX	Qs Large Cap	Pair Corr
0.9	LMUSX	Qs Large Cap	Pair Corr
0.93	LSITX	Clearbridge Large Cap	Pair Corr
0.62	LBDRX	Legg Mason Bw	Pair Corr
0.79	LBORX	Legg Mason Bw	Pair Corr
0.67	LCBPX	Western Asset Porate	Pair Corr
0.65	LCBSX	Clearbridge Select	Pair Corr

Moving against Clearbridge Mutual Fund

0.59	ARMGX	Western Asset Adjustable	Pair Corr
0.61	RYIFX	Guggenheim Managed	Pair Corr
0.57	CCD	Calamos Dynamic Conv	Pair Corr
0.35	PQTIX	Aa Pimco Tr	Pair Corr
0.34	PQTAX	Pimco Trends Managed	Pair Corr
0.34	PQTNX	Pimco Trends Managed	Pair Corr
0.33	GAAKX	Gmo Alternative Allo	Pair Corr
0.32	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	GCFSX	SBFAX	XFINX	FIKBX	MSVIX	RMBLX
GCFSX		0.35	0.48	0.65	0.18	0.43	GCFSX
SBFAX	0.35		0.02	0.82	0.81	0.86	SBFAX
XFINX	0.48	0.02		0.34	0.23	0.27	XFINX
FIKBX	0.65	0.82	0.34		0.81	0.91	FIKBX
MSVIX	0.18	0.81	0.23	0.81		0.91	MSVIX
RMBLX	0.43	0.86	0.27	0.91	0.91		RMBLX
	GCFSX	SBFAX	XFINX	FIKBX	MSVIX	RMBLX

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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
GCFSX	0.59	0.05	0.05	(0.82)	0.80	(0.63)	1.08	(1.30)	3.58
SBFAX	0.79	(0.16)	0.00	(0.20)	0.00	0.00	1.29	(1.47)	10.43
XFINX	0.13	0.00	(0.01)	(0.06)	0.17	(0.17)	0.29	(0.28)	1.14
FIKBX	0.70	(0.06)	0.00	(0.07)	0.00	0.00	1.22	(1.66)	4.79
MSVIX	0.84	(0.17)	0.00	(0.21)	0.00	0.00	1.40	(1.53)	12.59
RMBLX	1.01	(0.10)	0.00	(0.10)	0.00	0.00	1.64	(2.07)	6.47

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