Clearbridge Variable Correlations

CVAPX Fund  USD 67.33  0.22  0.33%   
The current 90-days correlation between Clearbridge Variable and Chase Growth Fund is 0.5 (i.e., Very weak diversification). The correlation of Clearbridge Variable 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 Variable Correlation With Market

Good diversification

The correlation between Clearbridge Variable Appreciat and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Variable Appreciat and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearbridge Variable Appreciation. 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 american community survey.

Moving together with Clearbridge Mutual Fund

  0.62INTC Intel Aggressive PushPairCorr
  0.84PFE Pfizer Inc Aggressive PushPairCorr
  0.96MSFT Microsoft Aggressive PushPairCorr
  0.68HD Home DepotPairCorr
  0.77T ATT IncPairCorr
  0.94GE GE AerospacePairCorr
  0.95CSCO Cisco SystemsPairCorr
  0.88AA Alcoa Corp Earnings Call This WeekPairCorr
  0.96CAT CaterpillarPairCorr
  0.63TRV The Travelers Companies Earnings Call Next WeekPairCorr

Moving against Clearbridge Mutual Fund

  0.33MCD McDonaldsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Variable 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 Variable'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.