Correlation Between Clearbridge Variable and Fisher Investments
Can any of the company-specific risk be diversified away by investing in both Clearbridge Variable and Fisher Investments at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Clearbridge Variable and Fisher Investments into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Clearbridge Variable Appreciation and Fisher Stock, you can compare the effects of market volatilities on Clearbridge Variable and Fisher Investments and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Clearbridge Variable with a short position of Fisher Investments. Check out your portfolio center. Please also check ongoing floating volatility patterns of Clearbridge Variable and Fisher Investments.
Diversification Opportunities for Clearbridge Variable and Fisher Investments
0.98 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Clearbridge and Fisher is 0.98. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Variable Appreciat and Fisher Stock in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fisher Investments and Clearbridge Variable is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Clearbridge Variable Appreciation are associated (or correlated) with Fisher Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fisher Investments has no effect on the direction of Clearbridge Variable i.e., Clearbridge Variable and Fisher Investments go up and down completely randomly.
Pair Corralation between Clearbridge Variable and Fisher Investments
Assuming the 90 days horizon Clearbridge Variable is expected to generate 2.04 times less return on investment than Fisher Investments. But when comparing it to its historical volatility, Clearbridge Variable Appreciation is 1.1 times less risky than Fisher Investments. It trades about 0.35 of its potential returns per unit of risk. Fisher Stock is currently generating about 0.64 of returns per unit of risk over similar time horizon. If you would invest 1,970 in Fisher Stock on July 9, 2025 and sell it today you would earn a total of 101.00 from holding Fisher Stock or generate 5.13% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Clearbridge Variable Appreciat vs. Fisher Stock
Performance |
| Timeline |
| Clearbridge Variable |
| Fisher Investments |
Clearbridge Variable and Fisher Investments Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Clearbridge Variable and Fisher Investments
The main advantage of trading using opposite Clearbridge Variable and Fisher Investments positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Clearbridge Variable position performs unexpectedly, Fisher Investments can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fisher Investments will offset losses from the drop in Fisher Investments' long position.| Clearbridge Variable vs. Franklin Moderate Allocation | Clearbridge Variable vs. Tiaa Cref Lifecycle Retirement | Clearbridge Variable vs. T Rowe Price | Clearbridge Variable vs. Transamerica Asset Allocation |
| Fisher Investments vs. Tactical Multi Purpose Fund | Fisher Investments vs. Fisher Fixed Income | Fisher Investments vs. Fisher Esg Fixed | Fisher Investments vs. Fisher Esg Stock |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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