Clearbridge International Correlations

Mutual Funds . USA . 
Fund . Clearbridge International Value
LSIUX Fund  USD 10.75  0.04  0.37%   
The current 90-days correlation between Clearbridge International and Clearbridge Aggressive Growth is 0.57 (i.e., Very weak diversification). The correlation of Clearbridge International 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 International Correlation With Market

Very weak diversification

The correlation between Clearbridge International Valu and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge International Valu 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 International Value. 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 employment.

Moving together with Clearbridge Mutual Fund

  0.98LGFEX Qs International EquityPairCorr
  0.82LGOCX Legg Mason BwPairCorr
  0.61WAASX Western Asset TotalPairCorr
  0.73WACIX Western Asset EPairCorr
  0.76WACSX Western Asset EPairCorr
  0.77WABCX Western Asset EPairCorr
  0.77WABRX Western Asset EPairCorr
  0.78WABSX Western Asset IntermPairCorr
  0.84WAFCX Western Asset InflationPairCorr
  0.83WAFSX Western Asset InflationPairCorr
  0.84WAFRX Western Asset InflationPairCorr
  0.74WAPCX Western Asset EPairCorr
  0.77WAPIX Western Asset EPairCorr
  0.73WAPSX Western Asset EPairCorr
  0.74WAPRX Western Asset EPairCorr
  1.0SBICX Clearbridge InternationalPairCorr
  0.77SBILX Western Asset PoratePairCorr
  0.62WARIX Western Asset TotalPairCorr
  0.79WATCX Western Asset IntermPairCorr
  0.78WATRX Western Asset IntermPairCorr
  0.84WATPX Western Asset InflationPairCorr
  0.66WAUCX Western Asset TotalPairCorr
  0.63WAURX Western Asset TotalPairCorr

Moving against Clearbridge Mutual Fund

  0.58LGASX Clearbridge Small CapPairCorr
  0.53SAGCX Clearbridge AggressivePairCorr
  0.52SAPCX Clearbridge AppreciationPairCorr
  0.5LGSCX Qs Small CapitalizationPairCorr
  0.63ARMLX Western Asset AdjustablePairCorr
  0.61ARMGX Western Asset AdjustablePairCorr
  0.58LISGX Clearbridge Small CapPairCorr
  0.58LMASX Clearbridge Small CapPairCorr
  0.58LMARX Clearbridge Small CapPairCorr
  0.53SCSMX Clearbridge Small CapPairCorr
  0.52SBMLX Clearbridge Mid CapPairCorr
  0.5LMBMX Qs Small CapitalizationPairCorr
  0.49SBPLX Clearbridge DividendPairCorr
  0.49SBSDX Qs Sp 500PairCorr
  0.4LLLRX Qs Growth FundPairCorr

Related Correlations Analysis

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   
WACSX
+ 1.0
WACIX
SAPCX
+ 0.98
SAGCX
LGSCX
+ 0.98
LGASX
WACSX
+ 0.98
LGOCX
WACIX
+ 0.97
LGOCX
LGASX
+ 0.94
SAGCX
  
High negative correlations   
LGOCX
- 0.8
SAGCX
LGOCX
- 0.76
SAPCX
LGOCX
- 0.76
LGASX
WACSX
- 0.75
SAGCX
WACIX
- 0.74
SAGCX
WACSX
- 0.72
SAPCX

Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge International 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 International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAGCX  0.75  0.04  0.04  0.15  0.86 
(0.77)
 1.56 
(1.39)
 4.84 
LGASX  0.83  0.03  0.06  0.14  0.71 
(0.95)
 1.91 
(1.41)
 5.76 
LGFEX  0.66 (0.15) 0.00 (0.15) 0.00 
 0.00 
 1.22 
(1.33)
 4.02 
SAPCX  0.51 (0.01)(0.05) 0.10  0.63 
(0.55)
 1.02 
(1.30)
 3.92 
LGOCX  0.36 (0.09) 0.00  1.88  0.00 
 0.00 
 0.68 
(0.84)
 2.04 
SSMMX  0.16  0.01 (0.42) 0.04  0.24 
(0.20)
 0.33 
(0.27)
 1.53 
WAASX  0.13 (0.01)(0.60)(0.12) 0.14 
(0.18)
 0.33 
(0.33)
 0.77 
LGSCX  0.98 (0.03) 0.04  0.10  0.96 
(1.11)
 2.18 
(1.74)
 8.08 
WACIX  0.24 (0.04) 0.00  0.87  0.00 
 0.00 
 0.43 
(0.54)
 1.41 
WACSX  0.23 (0.03) 0.00  0.60  0.00 
 0.00 
 0.47 
(0.57)
 1.33 

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