Clearbridge Large Correlations

SINAX Fund

USD 39.04 0.12 0.31%

The current 90-days correlation between Clearbridge Large Cap and Clearbridge Large Cap is -0.03 (i.e., Good diversification). The correlation of Clearbridge Large 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 Large Correlation With Market

Significant diversification

The correlation between Clearbridge Large Cap and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Large 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, which includes a position in Clearbridge 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 nation.

Moving together with Clearbridge Mutual Fund

0.75	TEDRX	Franklin Mutual Global	Pair Corr
0.64	TEMWX	Templeton World	Pair Corr
0.76	SAIFX	Clearbridge Large Cap	Pair Corr
0.68	TWDAX	Templeton World	Pair Corr
0.65	TEWTX	Templeton World	Pair Corr

Related Correlations Analysis

	SAIFX	DREVX	CSVZX	INUTX	BBHLX	GTSGX	MERAX	HASCX	BRMKX	BRMAX
SAIFX		0.56	-0.1	0.46	0.23	0.08	0.07	0.38	0.56	0.56	SAIFX
DREVX	0.56		-0.34	0.64	0.4	-0.01	-0.02	0.33	0.75	0.75	DREVX
CSVZX	-0.1	-0.34		-0.19	0.01	0.19	0.12	0.58	-0.05	-0.06	CSVZX
INUTX	0.46	0.64	-0.19		0.2	0.04	-0.07	0.51	0.6	0.59	INUTX
BBHLX	0.23	0.4	0.01	0.2		0.72	0.73	0.42	0.67	0.68	BBHLX
GTSGX	0.08	-0.01	0.19	0.04	0.72		0.88	0.47	0.58	0.59	GTSGX
MERAX	0.07	-0.02	0.12	-0.07	0.73	0.88		0.32	0.49	0.5	MERAX
HASCX	0.38	0.33	0.58	0.51	0.42	0.47	0.32		0.63	0.62	HASCX
BRMKX	0.56	0.75	-0.05	0.6	0.67	0.58	0.49	0.63		1.0	BRMKX
BRMAX	0.56	0.75	-0.06	0.59	0.68	0.59	0.5	0.62	1.0		BRMAX
	SAIFX	DREVX	CSVZX	INUTX	BBHLX	GTSGX	MERAX	HASCX	BRMKX	BRMAX

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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

BRMAX	+ 1.0	BRMKX
MERAX	+ 0.88	GTSGX
BRMKX	+ 0.75	DREVX
BRMAX	+ 0.75	DREVX
MERAX	+ 0.73	BBHLX
GTSGX	+ 0.72	BBHLX

High negative correlations

CSVZX	- 0.34	DREVX
INUTX	- 0.19	CSVZX
CSVZX	- 0.1	SAIFX
MERAX	- 0.07	INUTX
BRMAX	- 0.06	CSVZX
BRMKX	- 0.05	CSVZX

Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Large 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 Large'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
SAIFX	0.67	(0.14)	0.00	(0.15)	0.00	0.00	1.23	(1.07)	11.22
DREVX	0.83	(0.16)	0.00	(0.08)	0.00	0.00	1.21	(1.55)	10.72
CSVZX	0.74	0.20	0.23	0.31	0.48	(0.89)	1.31	(1.05)	8.33
INUTX	0.59	(0.06)	0.00	(0.05)	0.00	0.00	1.05	(1.09)	6.68
BBHLX	0.72	(0.06)	(0.05)	0.00	1.05	(0.66)	1.35	(1.36)	3.88
GTSGX	0.66	(0.06)	(0.07)	0.00	0.88	(0.65)	1.58	(1.40)	4.21
MERAX	0.66	(0.02)	(0.06)	(0.01)	0.88	(0.65)	1.66	(1.39)	4.26
HASCX	0.83	(0.06)	(0.04)	0.01	1.17	(0.82)	2.06	(1.65)	4.81
BRMKX	0.76	(0.12)	0.00	(0.05)	0.00	0.00	1.33	(1.64)	7.14
BRMAX	0.76	(0.12)	0.00	(0.05)	0.00	0.00	1.34	(1.65)	7.06

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