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.
Clearbridge |
Moving together with Clearbridge Mutual Fund
0.62 | INTC | Intel Aggressive Push | PairCorr |
0.84 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.96 | MSFT | Microsoft Aggressive Push | PairCorr |
0.68 | HD | Home Depot | PairCorr |
0.77 | T | ATT Inc | PairCorr |
0.94 | GE | GE Aerospace | PairCorr |
0.95 | CSCO | Cisco Systems | PairCorr |
0.88 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
0.96 | CAT | Caterpillar | PairCorr |
0.63 | TRV | The Travelers Companies Earnings Call Next Week | PairCorr |
Moving against Clearbridge Mutual Fund
Related Correlations Analysis
0.97 | 0.97 | 0.86 | 0.99 | 0.97 | CHASX | ||
0.97 | 0.99 | 0.85 | 0.98 | 1.0 | RTOUX | ||
0.97 | 0.99 | 0.87 | 0.98 | 0.98 | CNGLX | ||
0.86 | 0.85 | 0.87 | 0.87 | 0.85 | PARCX | ||
0.99 | 0.98 | 0.98 | 0.87 | 0.98 | URNQX | ||
0.97 | 1.0 | 0.98 | 0.85 | 0.98 | USCAX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
CHASX | 0.74 | 0.35 | 0.20 | (19.13) | 0.40 | 2.04 | 4.25 | |||
RTOUX | 0.86 | 0.28 | 0.13 | (6.90) | 0.72 | 2.31 | 6.53 | |||
CNGLX | 0.62 | 0.22 | 0.09 | (4.52) | 0.41 | 1.82 | 4.00 | |||
PARCX | 0.37 | 0.15 | 0.06 | 0.97 | 0.00 | 1.16 | 2.47 | |||
URNQX | 0.86 | 0.36 | 0.17 | (18.47) | 0.65 | 2.39 | 5.37 | |||
USCAX | 0.93 | 0.30 | 0.15 | (11.67) | 0.74 | 2.30 | 6.43 |