Legg Mason Correlations

Mutual Funds . USA . 
Fund . Legg Mason Global
LFLCX Fund  USD 9.52  0.01  0.11%   
The current 90-days correlation between Legg Mason Global and Icon Information Technology is 0.18 (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

Significant diversification

The correlation between Legg Mason Global and DJI is 0.06 (i.e., Significant 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

  0.63TEFRX Templeton ForeignPairCorr
  0.63TEFTX Templeton ForeignPairCorr
  0.91TEGBX Templeton Global BondPairCorr
  0.62TEMFX Templeton ForeignPairCorr
  0.72TEMMX Templeton EmergingPairCorr
  0.8FQCTX Franklin Necticut TaxPairCorr
  0.72TEMZX Templeton EmergingPairCorr
  0.71FQCHX Franklin Templeton SmacsPairCorr
  0.73LGGAX Clearbridge InternationalPairCorr
  0.71LGIEX Qs International EquityPairCorr
  0.67FQLAX Franklin Louisiana TaxPairCorr
  0.81FQNCX Franklin North CarolinaPairCorr
  0.8FQMDX Franklin Maryland TaxPairCorr
  0.95WAARX Western Asset TotalPairCorr

Moving against Legg Mutual Fund

  0.43TEMTX Franklin Mutual SharesPairCorr
  0.5SAGYX Clearbridge AggressivePairCorr
  0.49SAIFX Clearbridge Large CapPairCorr
  0.44TESIX Franklin Mutual SharesPairCorr
  0.44TESRX Franklin Mutual SharesPairCorr
  0.52SBAYX Western Asset AdjustablePairCorr
  0.48LGVAX Clearbridge Value TrustPairCorr
  0.47SAPYX Clearbridge AppreciationPairCorr
  0.46SASMX Clearbridge Small CapPairCorr
  0.33WAADX Western Asset SmashPairCorr

Related Correlations Analysis

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.

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