Clearbridge Variable Correlations

Mutual Funds . USA . 
Fund . Clearbridge Variable Appreciation
CVAPX Fund  USD 67.60  0.17  0.25%   
The current 90-days correlation between Clearbridge Variable and Short Duration Inflation is 0.07 (i.e., Significant 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

Almost no diversification

The correlation between Clearbridge Variable Appreciat and DJI is 0.96 (i.e., Almost no 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

  0.97VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.81NHS Neuberger Berman HighPairCorr
  0.97CMLIX Congress Large CapPairCorr
  0.87PFE Pfizer Inc Aggressive PushPairCorr
  0.93MMM 3M Company Earnings Call This WeekPairCorr
  0.95BA Boeing Aggressive PushPairCorr
  0.92AA Alcoa Corp Earnings Call This WeekPairCorr
  0.94IBM International BusinessPairCorr
  0.92DD Dupont De NemoursPairCorr
  0.98BAC Bank of America Earnings Call This WeekPairCorr
  0.98JPM JPMorgan Chase Earnings Call This WeekPairCorr
  0.73INTC Intel Aggressive PushPairCorr
  0.61XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.98MSFT MicrosoftPairCorr
  0.98AXP American Express Earnings Call This WeekPairCorr
  0.67WMT WalmartPairCorr
  0.98CAT CaterpillarPairCorr
  0.75T ATT IncPairCorr
  0.96DIS Walt DisneyPairCorr

Moving against Clearbridge Mutual Fund

  0.47MCD 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.

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