Clearbridge Appreciation Correlations

LMPPX Fund

USD 35.31 0.11 0.31%

The current 90-days correlation between Clearbridge Appreciation and Aqr Alternative Risk is 0.13 (i.e., Average diversification). The correlation of Clearbridge Appreciation 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 Appreciation Correlation With Market

Weak diversification

The correlation between Clearbridge Appreciation Fund and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Appreciation Fund 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 Appreciation Fund. 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 american community survey.

Moving together with Clearbridge Mutual Fund

0.61	LGFEX	Qs International Equity	Pair Corr
0.93	SAPCX	Clearbridge Appreciation	Pair Corr
0.78	WACIX	Western Asset E	Pair Corr
0.72	WACSX	Western Asset E	Pair Corr
0.68	SCGCX	Qs Moderate Growth	Pair Corr
0.68	LLMRX	Qs Moderate Growth	Pair Corr
0.72	LMBMX	Qs Small Capitalization	Pair Corr
0.75	LMISX	Qs Large Cap	Pair Corr
0.61	LMLRX	Qs Defensive Growth	Pair Corr
0.75	LMTIX	Qs Large Cap	Pair Corr
0.75	LMUSX	Qs Large Cap	Pair Corr
0.92	LSITX	Clearbridge Large Cap	Pair Corr
0.7	LBORX	Legg Mason Bw	Pair Corr
0.75	LCBPX	Western Asset Porate	Pair Corr
0.74	LCBSX	Clearbridge Select	Pair Corr
0.64	LWLAX	L Mason Qs	Pair Corr
0.65	VINIX	Vanguard Institutional	Pair Corr
0.65	VIIIX	Vanguard Institutional	Pair Corr
0.69	GPBFX	Gmo E Plus	Pair Corr

Moving against Clearbridge Mutual Fund

0.41	ARMGX	Western Asset Adjustable	Pair Corr
0.49	CCD	Calamos Dynamic Conv	Pair Corr
0.42	PQTNX	Pimco Trends Managed	Pair Corr
0.41	RYIFX	Guggenheim Managed	Pair Corr
0.39	PQTIX	Aa Pimco Tr	Pair Corr
0.37	PQTAX	Pimco Trends Managed	Pair Corr
0.32	GAAGX	Gmo Alternative Allo Steady Growth	Pair Corr

Related Correlations Analysis

	QRPNX	TAHFX	AQRRX	GHVIX	VRHYX	SGYAX	PBHAX
QRPNX		0.76	0.9	0.83	0.88	0.88	0.88	QRPNX
TAHFX	0.76		0.9	0.95	0.95	0.88	0.96	TAHFX
AQRRX	0.9	0.9		0.97	0.91	0.87	0.94	AQRRX
GHVIX	0.83	0.95	0.97		0.93	0.89	0.95	GHVIX
VRHYX	0.88	0.95	0.91	0.93		0.94	0.97	VRHYX
SGYAX	0.88	0.88	0.87	0.89	0.94		0.92	SGYAX
PBHAX	0.88	0.96	0.94	0.95	0.97	0.92		PBHAX
	QRPNX	TAHFX	AQRRX	GHVIX	VRHYX	SGYAX	PBHAX

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Appreciation 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 Appreciation'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
QRPNX	0.41	0.12	0.18	0.54	0.40	(0.46)	0.98	(0.81)	2.23
TAHFX	0.15	0.01	0.08	(0.44)	0.02	(0.23)	0.61	(0.25)	1.35
AQRRX	0.43	0.09	0.14	(2.72)	0.42	(0.49)	0.93	(0.86)	3.19
GHVIX	0.15	0.02	0.10	(1.89)	0.07	(0.18)	0.30	(0.30)	0.90
VRHYX	0.16	0.02	0.08	2.96	0.00	(0.34)	0.52	(0.26)	1.05
SGYAX	0.15	0.04	0.19	1.14	0.00	(0.28)	0.57	(0.28)	1.28
PBHAX	0.15	0.02	0.09	(0.53)	0.00	(0.32)	0.63	(0.21)	1.06

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