Qs Us Correlations
| LMTIX Fund | USD 24.86 0.20 0.81% |
The current 90-days correlation between Qs Large Cap and Aqr Sustainable Long Short is 0.09 (i.e., Significant diversification). The correlation of Qs Us 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.
Qs Us Correlation With Market
Very weak diversification
The correlation between Qs Large Cap and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Large Cap and DJI in the same portfolio, assuming nothing else is changed.
LMTIX |
Moving together with LMTIX Mutual Fund
| 0.85 | LGASX | Clearbridge Small Cap | PairCorr |
| 0.61 | SAPCX | Clearbridge Appreciation | PairCorr |
| 0.71 | SSMMX | Western Asset Managed | PairCorr |
| 0.69 | WAASX | Western Asset Total | PairCorr |
| 0.84 | LGSCX | Qs Small Capitalization | PairCorr |
| 0.88 | SBCLX | Qs Defensive Growth | PairCorr |
| 0.64 | WAHSX | Western Asset High | PairCorr |
| 0.74 | WARIX | Western Asset Total | PairCorr |
| 0.65 | SBMLX | Clearbridge Mid Cap | PairCorr |
| 0.73 | WAUCX | Western Asset Total | PairCorr |
| 0.74 | WAURX | Western Asset Total | PairCorr |
| 0.85 | SBSDX | Qs Sp 500 | PairCorr |
| 0.68 | WAYRX | Western Asset High | PairCorr |
| 0.72 | SBYLX | Western Asset New | PairCorr |
| 0.7 | SCACX | Western Asset California | PairCorr |
| 0.86 | SCBCX | Qs Servative Growth | PairCorr |
| 0.82 | SCGCX | Qs Moderate Growth | PairCorr |
| 0.73 | SCHCX | Qs Growth Fund | PairCorr |
Related Correlations Analysis
| 0.6 | 0.82 | 0.85 | 0.85 | 0.83 | 0.77 | QNZIX | ||
| 0.6 | 0.53 | 0.69 | 0.69 | 0.65 | 0.83 | LSYIX | ||
| 0.82 | 0.53 | 0.89 | 0.9 | 0.88 | 0.77 | SWSFX | ||
| 0.85 | 0.69 | 0.89 | 0.99 | 0.98 | 0.85 | AOUNX | ||
| 0.85 | 0.69 | 0.9 | 0.99 | 0.98 | 0.85 | SUSAX | ||
| 0.83 | 0.65 | 0.88 | 0.98 | 0.98 | 0.86 | ATOAX | ||
| 0.77 | 0.83 | 0.77 | 0.85 | 0.85 | 0.86 | LCCMX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between LMTIX Mutual Fund performing well and Qs Us 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 Us' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QNZIX | 0.55 | 0.09 | 0.12 | 1.60 | 0.64 | 0.99 | 3.78 | |||
| LSYIX | 0.13 | 0.01 | 0.05 | 0.10 | 0.07 | 0.41 | 1.32 | |||
| SWSFX | 0.04 | 0.00 | 0.00 | 1.79 | 0.00 | 0.10 | 0.59 | |||
| AOUNX | 0.05 | 0.01 | 0.11 | (0.43) | 0.00 | 0.10 | 0.62 | |||
| SUSAX | 0.06 | 0.01 | 0.10 | (0.46) | 0.00 | 0.10 | 0.51 | |||
| ATOAX | 0.03 | 0.00 | 0.00 | (0.30) | 0.00 | 0.10 | 0.40 | |||
| LCCMX | 0.10 | 0.03 | 0.00 | 1.01 | 0.00 | 0.24 | 1.94 |