Clearbridge International Correlations

LGGAX Fund

USD 61.07 0.40 0.66%

The current 90-days correlation between Clearbridge International and Franklin Dynatech Fund is 0.68 (i.e., Poor 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 0.51 (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 nation.

Moving together with Clearbridge Mutual Fund

0.73	TEDIX	Franklin Mutual Global	Pair Corr
0.76	TEDSX	Franklin Mutual Global	Pair Corr
0.74	TEDRX	Franklin Mutual Global	Pair Corr
0.93	TEFRX	Templeton Foreign	Pair Corr
0.93	TEFTX	Templeton Foreign	Pair Corr
0.84	TEGBX	Templeton Global Bond	Pair Corr
0.93	TEMFX	Templeton Foreign	Pair Corr
0.77	TEMGX	Templeton Global Smaller	Pair Corr
0.93	TEMMX	Templeton Emerging	Pair Corr
0.94	TEMIX	Franklin Mutual European	Pair Corr
0.93	TEMZX	Templeton Emerging	Pair Corr
0.78	TESGX	Templeton Global Smaller	Pair Corr
0.94	TEURX	Franklin Mutual European	Pair Corr
0.98	LGIEX	Qs International Equity	Pair Corr

Moving against Clearbridge Mutual Fund

0.54	SAIFX	Clearbridge Large Cap	Pair Corr
0.5	TESIX	Franklin Mutual Shares	Pair Corr
0.5	TESRX	Franklin Mutual Shares	Pair Corr
0.49	TEMTX	Franklin Mutual Shares	Pair Corr
0.47	SAGYX	Clearbridge Aggressive	Pair Corr
0.65	SBAYX	Western Asset Adjustable	Pair Corr
0.46	SAPYX	Clearbridge Appreciation	Pair Corr
0.46	LGVAX	Clearbridge Value Trust	Pair Corr
0.45	SASMX	Clearbridge Small Cap	Pair Corr
0.42	FRBSX	Franklin Balance Sheet	Pair Corr
0.35	WAADX	Western Asset Smash	Pair Corr
0.35	FRAAX	Franklin Growth Oppo	Pair Corr

Related Correlations Analysis

	FDTRX	FIFRX	FRISX	FRCSX
FDTRX		0.97	0.87	0.86	FDTRX
FIFRX	0.97		0.94	0.83	FIFRX
FRISX	0.87	0.94		0.74	FRISX
FRCSX	0.86	0.83	0.74		FRCSX
	FDTRX	FIFRX	FRISX	FRCSX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FDTRX	0.92	(0.02)	(0.01)	0.10	1.31	(0.93)	1.78	(2.53)	6.09
FIFRX	0.63	(0.04)	(0.06)	0.07	0.85	(0.62)	1.39	(1.50)	4.22
FRISX	0.51	(0.02)	(0.09)	0.09	0.50	(0.59)	0.99	(0.96)	3.16
FRCSX	0.96	(0.03)	0.04	0.10	0.92	(1.12)	2.14	(2.06)	7.99

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