Qs Us Correlations

LMTIX Fund

USD 27.43 0.03 0.11%

The current 90-days correlation between Qs Large Cap and Western Asset E is 0.36 (i.e., Weak 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

Almost no diversification

The correlation between Qs Large Cap and DJI is 0.9 (i.e., Almost no 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Qs Large Cap. 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 gross domestic product.

Moving together with LMTIX Mutual Fund

0.89	SAGCX	Clearbridge Aggressive	Pair Corr
0.9	LGASX	Clearbridge Small Cap	Pair Corr
0.91	LGFEX	Qs International Equity	Pair Corr
0.92	SAPCX	Clearbridge Appreciation	Pair Corr
0.69	LGOCX	Legg Mason Bw	Pair Corr
0.63	SSMMX	Western Asset Managed	Pair Corr
0.85	WAASX	Western Asset Total	Pair Corr
0.96	LGSCX	Qs Small Capitalization	Pair Corr
0.67	WACIX	Western Asset E	Pair Corr
0.64	WACSX	Western Asset E	Pair Corr
0.65	WABSX	Western Asset Interm	Pair Corr
0.72	WAGIX	Western Asset Global	Pair Corr
0.83	SSTLX	Western Asset Short	Pair Corr
0.84	WAHSX	Western Asset High	Pair Corr
0.62	WAPIX	Western Asset E	Pair Corr
0.66	WAPSX	Western Asset E	Pair Corr
0.62	WAPRX	Western Asset E	Pair Corr
0.83	SBICX	Clearbridge International	Pair Corr
0.68	SBILX	Western Asset Porate	Pair Corr
0.86	WARIX	Western Asset Total	Pair Corr
0.92	SBMLX	Clearbridge Mid Cap	Pair Corr
0.89	SBPLX	Clearbridge Dividend	Pair Corr
0.86	WAUCX	Western Asset Total	Pair Corr
0.86	WAURX	Western Asset Total	Pair Corr
0.9	SBSDX	Qs Sp 500	Pair Corr
0.79	WAYRX	Western Asset High	Pair Corr
0.88	SCBCX	Qs Servative Growth	Pair Corr
0.88	SCGCX	Qs Moderate Growth	Pair Corr

Related Correlations Analysis

	SAGCX	LGASX	LGFEX	SAPCX	SSMMX	WAASX	LGSCX	WACIX	WACSX	WABCX
SAGCX		0.89	0.78	0.95	0.43	0.68	0.86	0.45	0.44	0.34	SAGCX
LGASX	0.89		0.88	0.95	0.66	0.88	0.95	0.63	0.62	0.49	LGASX
LGFEX	0.78	0.88		0.9	0.82	0.93	0.94	0.7	0.67	0.57	LGFEX
SAPCX	0.95	0.95	0.9		0.62	0.84	0.93	0.57	0.55	0.42	SAPCX
SSMMX	0.43	0.66	0.82	0.62		0.85	0.74	0.72	0.67	0.66	SSMMX
WAASX	0.68	0.88	0.93	0.84	0.85		0.92	0.84	0.81	0.65	WAASX
LGSCX	0.86	0.95	0.94	0.93	0.74	0.92		0.7	0.66	0.55	LGSCX
WACIX	0.45	0.63	0.7	0.57	0.72	0.84	0.7		0.99	0.81	WACIX
WACSX	0.44	0.62	0.67	0.55	0.67	0.81	0.66	0.99		0.79	WACSX
WABCX	0.34	0.49	0.57	0.42	0.66	0.65	0.55	0.81	0.79		WABCX
	SAGCX	LGASX	LGFEX	SAPCX	SSMMX	WAASX	LGSCX	WACIX	WACSX	WABCX

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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
SAGCX	1.14	0.08	0.09	0.12	1.03	(1.25)	1.53	(2.31)	21.32
LGASX	0.97	0.14	0.16	0.18	0.75	(1.16)	2.40	(1.56)	8.85
LGFEX	0.73	0.30	0.29	(3.61)	0.34	(0.89)	1.68	(1.22)	8.57
SAPCX	0.80	0.21	0.30	0.25	0.22	(1.06)	1.33	(1.15)	19.33
SSMMX	0.07	0.00	(0.38)	0.00	0.00	(0.11)	0.20	(0.13)	0.74
WAASX	0.08	0.01	(0.42)	0.31	0.00	(0.13)	0.22	(0.11)	0.44
LGSCX	0.96	0.12	0.11	0.19	0.91	(1.12)	2.14	(1.87)	8.07
WACIX	0.16	0.01	(0.30)	0.21	0.08	(0.20)	0.32	(0.22)	0.75
WACSX	0.15	0.01	(0.29)	0.22	0.08	(0.19)	0.28	(0.28)	0.74
WABCX	0.14	(0.01)	(0.35)	0.00	0.12	(0.19)	0.28	(0.28)	0.75

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Qs Us Correlations

Qs Us Correlation With Market

Almost no diversification

Moving together with LMTIX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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