Clearbridge Small Correlations

Summary

SBVLXDelisted Fund

USD 12.05 0.00 0.00%

The current 90-days correlation between Clearbridge Small Cap and Franklin Natural Resources is -0.04 (i.e., Good diversification). The correlation of Clearbridge Small 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 Small Correlation With Market

Significant diversification

The correlation between Clearbridge Small Cap and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 bureau of economic analysis.

Moving together with Clearbridge Mutual Fund

0.72	ZVNBX	Zevenbergen Growth	Pair Corr
0.69	ADNIX	Amer Beacon Ark	Pair Corr
0.62	AIWEX	World Energy	Pair Corr
0.7	MHYZX	Manning Napier High	Pair Corr
0.63	TSDIX	Touchstone Ultra Short	Pair Corr
0.69	CTIGX	Calamos Timpani Smid	Pair Corr
0.69	JPHRX	Jpmorgan Floating Rate	Pair Corr
0.66	FSAWX	Fidelity Sai Convertible	Pair Corr
0.76	MCRTX	Morgan Stanley Multi	Pair Corr
0.65	CTYRX	Columbia Global Tech	Pair Corr
0.67	WWACX	Westwood Alternative	Pair Corr
0.74	BMGCX	Blackrock Mid Cap	Pair Corr
0.74	EGLAX	Eagle Mlp Strategy	Pair Corr
0.61	USIAX	Ubs Ultra Short	Pair Corr
0.78	SPNNX	Invesco Steelpath Mlp	Pair Corr
0.77	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.68	ADNPX	Amer Beacon Ark	Pair Corr

Related Correlations Analysis

	FRNRX	VENAX	XNDPX	SMAPX	ENPSX	PEO	XEMOX	BACCX
FRNRX		0.83	0.64	0.2	0.89	0.91	0.29	0.91	FRNRX
VENAX	0.83		0.77	0.62	0.98	0.93	0.6	0.94	VENAX
XNDPX	0.64	0.77		0.53	0.76	0.6	0.65	0.65	XNDPX
SMAPX	0.2	0.62	0.53		0.45	0.4	0.93	0.37	SMAPX
ENPSX	0.89	0.98	0.76	0.45		0.95	0.45	0.98	ENPSX
PEO	0.91	0.93	0.6	0.4	0.95		0.4	0.97	PEO
XEMOX	0.29	0.6	0.65	0.93	0.45	0.4		0.34	XEMOX
BACCX	0.91	0.94	0.65	0.37	0.98	0.97	0.34		BACCX
	FRNRX	VENAX	XNDPX	SMAPX	ENPSX	PEO	XEMOX	BACCX

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Small 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 Small'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
FRNRX	0.72	(0.04)	0.00	(0.09)	0.00	0.00	1.23	(1.70)	5.23
VENAX	0.83	0.04	0.02	0.17	1.14	(0.82)	1.46	(2.12)	6.91
XNDPX	0.70	(0.05)	0.00	(0.23)	0.00	0.00	1.72	(2.39)	7.22
SMAPX	0.86	0.19	0.15	0.55	0.90	(0.95)	2.10	(1.83)	5.45
ENPSX	1.22	0.02	0.01	0.07	1.76	(1.22)	2.07	(3.32)	9.88
PEO	0.69	0.03	0.02	0.14	0.86	(0.70)	1.63	(1.59)	4.73
XEMOX	0.93	0.20	0.14	0.60	1.02	(1.08)	2.34	(1.58)	6.88
BACCX	0.71	(0.01)	(0.03)	(0.04)	1.08	(0.65)	1.30	(1.81)	3.80

Clearbridge Small Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Clearbridge Small mutual fund to make a market-neutral strategy. Peer analysis of Clearbridge Small could also be used in its relative valuation, which is a method of valuing Clearbridge Small by comparing valuation metrics with similar companies.

Franklin Natural Resources Vanguard Energy Index Tortoise Energy Independence Salient Mlp Energy Oil Gas Ultrasector Adams Natural Resources Clearbridge Energy Mlp Blackrock All Cap Energy American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Clearbridge Small Cap?

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