Qs Small Correlations
| LMBAX Fund | USD 13.67 0.07 0.51% |
The correlation of Qs Small 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.
LMBAX |
Moving together with LMBAX Mutual Fund
| 0.89 | TEBIX | Franklin Mutual Beacon | PairCorr |
| 0.81 | TEDIX | Franklin Mutual Global | PairCorr |
| 0.81 | TEDSX | Franklin Mutual Global | PairCorr |
| 0.8 | TEDRX | Franklin Mutual Global | PairCorr |
| 0.65 | TEGBX | Templeton Global Bond | PairCorr |
| 0.86 | TEGRX | Templeton Growth | PairCorr |
| 0.87 | TEMGX | Templeton Global Smaller | PairCorr |
| 0.89 | TEMEX | Franklin Mutual Beacon | PairCorr |
| 0.84 | TEMWX | Templeton World | PairCorr |
| 0.91 | TEMTX | Franklin Mutual Shares | PairCorr |
| 0.9 | TEMQX | Mutual Quest | PairCorr |
| 0.68 | FQCTX | Franklin Necticut Tax | PairCorr |
| 0.89 | SAIFX | Clearbridge Large Cap | PairCorr |
| 0.89 | SAGYX | Clearbridge Aggressive | PairCorr |
| 0.89 | TEQIX | Franklin Mutual Quest | PairCorr |
| 0.86 | TEPLX | Templeton Growth | PairCorr |
| 0.83 | TWDAX | Templeton World | PairCorr |
| 0.91 | TESIX | Franklin Mutual Shares | PairCorr |
| 0.86 | TESGX | Templeton Global Smaller | PairCorr |
| 0.91 | TESRX | Franklin Mutual Shares | PairCorr |
| 0.7 | LGIEX | Qs International Equity | PairCorr |
| 0.71 | FQLAX | Franklin Louisiana Tax | PairCorr |
| 0.83 | TEWTX | Templeton World | PairCorr |
| 0.88 | SAPYX | Clearbridge Appreciation | PairCorr |
| 0.96 | SASMX | Clearbridge Small Cap | PairCorr |
| 0.72 | FQNCX | Franklin North Carolina | PairCorr |
| 0.69 | FQMDX | Franklin Maryland Tax | PairCorr |
Moving against LMBAX Mutual Fund
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TIMXX | ||
| 0.0 | 0.74 | 0.26 | 0.85 | 0.8 | LIOTX | ||
| 0.0 | 0.74 | -0.12 | 0.75 | 0.69 | MSTGX | ||
| 0.0 | 0.26 | -0.12 | 0.09 | -0.03 | BXFIX | ||
| 0.0 | 0.85 | 0.75 | 0.09 | 0.84 | PRNHX | ||
| 0.0 | 0.8 | 0.69 | -0.03 | 0.84 | RGELX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between LMBAX Mutual Fund performing well and Qs Small 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 Qs Small'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LIOTX | 0.89 | 0.05 | 0.03 | 0.11 | 1.25 | 2.13 | 6.56 | |||
| MSTGX | 0.24 | (0.01) | (0.06) | (0.04) | 0.33 | 0.54 | 1.83 | |||
| BXFIX | 0.08 | 0.02 | 0.00 | 6.59 | 0.00 | 0.12 | 0.92 | |||
| PRNHX | 0.85 | 0.01 | 0.00 | 0.03 | 1.20 | 1.69 | 7.56 | |||
| RGELX | 0.56 | (0.04) | 0.00 | (0.11) | 0.00 | 1.03 | 4.33 |