Qs Us Correlations

Mutual Funds . USA . 
Fund . Qs Large Cap
LMUSX Fund  USD 27.66  0.04  0.14%   
The current 90-days correlation between Qs Large Cap and Western Asset E is 0.37 (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 producer price index.

Moving together with LMUSX Mutual Fund

  0.88SAGCX Clearbridge AggressivePairCorr
  0.9LGASX Clearbridge Small CapPairCorr
  0.9LGFEX Qs International EquityPairCorr
  0.92SAPCX Clearbridge AppreciationPairCorr
  0.67LGOCX Legg Mason BwPairCorr
  0.62SSMMX Western Asset ManagedPairCorr
  0.82WAASX Western Asset TotalPairCorr
  0.95LGSCX Qs Small CapitalizationPairCorr
  0.61WACIX Western Asset EPairCorr
  0.62WACSX Western Asset EPairCorr
  0.67WAGIX Western Asset GlobalPairCorr
  0.83SSTLX Western Asset ShortPairCorr
  0.77WAHSX Western Asset HighPairCorr
  0.62WAPSX Western Asset EPairCorr
  0.81SBICX Clearbridge InternationalPairCorr
  0.63SBILX Western Asset PoratePairCorr
  0.83WARIX Western Asset TotalPairCorr
  0.91SBMLX Clearbridge Mid CapPairCorr
  0.88SBPLX Clearbridge DividendPairCorr
  0.84WAUCX Western Asset TotalPairCorr
  0.83WAURX Western Asset TotalPairCorr
  0.9SBSDX Qs Sp 500PairCorr
  0.74WAYRX Western Asset HighPairCorr
  0.87SCBCX Qs Servative GrowthPairCorr
  0.88SCGCX Qs Moderate GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between LMUSX 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAGCX  1.15  0.10  0.10  0.12  1.03 
(1.26)
 1.64 
(2.31)
 21.32 
LGASX  0.98  0.16  0.17  0.18  0.75 
(1.17)
 2.40 
(1.56)
 9.52 
LGFEX  0.75  0.27  0.26 (3.21) 0.44 
(0.90)
 1.68 
(1.31)
 8.57 
SAPCX  0.78  0.19  0.28  0.23  0.29 
(1.05)
 0.95 
(1.15)
 19.33 
SSMMX  0.08  0.01 (0.31) 1.73  0.00 
(0.13)
 0.20 
(0.13)
 0.74 
WAASX  0.08  0.01 (0.31) 0.53  0.00 
(0.14)
 0.22 
(0.11)
 0.44 
LGSCX  0.96  0.13  0.12  0.19  0.91 
(1.12)
 2.14 
(1.87)
 8.16 
WACIX  0.16  0.02 (0.19) 0.42  0.00 
(0.20)
 0.32 
(0.22)
 0.75 
WACSX  0.15  0.02 (0.20) 0.39  0.00 
(0.19)
 0.28 
(0.28)
 0.75 
WABCX  0.15  0.01 (0.23) 0.14  0.07 
(0.19)
 0.37 
(0.28)
 0.75 

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