Clarion Partners Correlations

CPRDX Fund

USD 11.60 0.01 0.09%

The current 90-days correlation between Clarion Partners Real and Franklin Biotechnology Discovery is 0.29 (i.e., Modest diversification). The correlation of Clarion Partners 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.

Clarion Partners Correlation With Market

Significant diversification

The correlation between Clarion Partners Real and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarion Partners Real 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 Clarion Partners Real. 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 unemployment.

Moving together with Clarion Mutual Fund

0.8	VGTSX	Vanguard Total Inter	Pair Corr
0.8	VTIAX	Vanguard Total Inter	Pair Corr
0.69	RYAFX	Inverse Russell 2000	Pair Corr
0.87	KO	Coca Cola	Pair Corr
0.71	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.9	T	ATT Inc	Pair Corr
0.85	MMM	3M Company	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr

Moving against Clarion Mutual Fund

0.83	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.8	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.36	VITSX	Vanguard Total Stock	Pair Corr
0.33	VTSMX	Vanguard Total Stock	Pair Corr
0.32	VTSAX	Vanguard Total Stock	Pair Corr
0.32	VSTSX	Vanguard Total Stock	Pair Corr
0.32	VSMPX	Vanguard Total Stock	Pair Corr
0.31	VFIAX	Vanguard 500 Index	Pair Corr
0.85	MSFT	Microsoft	Pair Corr
0.73	MRK	Merck Company Sell-off Trend	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.54	HPQ	HP Inc	Pair Corr
0.43	HD	Home Depot	Pair Corr

Related Correlations Analysis

	FRBRX	JNGTX	CMTFX	DTEYX	TEPIX	JGLTX	PGKCX
FRBRX		0.43	0.29	0.29	0.63	0.33	0.46	FRBRX
JNGTX	0.43		0.91	0.81	0.74	0.85	0.84	JNGTX
CMTFX	0.29	0.91		0.85	0.76	0.91	0.89	CMTFX
DTEYX	0.29	0.81	0.85		0.69	0.96	0.89	DTEYX
TEPIX	0.63	0.74	0.76	0.69		0.81	0.88	TEPIX
JGLTX	0.33	0.85	0.91	0.96	0.81		0.96	JGLTX
PGKCX	0.46	0.84	0.89	0.89	0.88	0.96		PGKCX
	FRBRX	JNGTX	CMTFX	DTEYX	TEPIX	JGLTX	PGKCX

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Risk-Adjusted Indicators

There is a big difference between Clarion Mutual Fund performing well and Clarion Partners 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 Clarion Partners' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FRBRX	1.13	(0.15)	(0.38)	2.24	(3.20)	9.46
JNGTX	1.30	(0.38)	1.35	1.83	(3.54)	9.87
CMTFX	1.31	(0.25)	0.60	1.94	(3.44)	7.85
DTEYX	1.38	(0.05)	(0.16)	2.50	(3.77)	7.35
TEPIX	2.08	(0.22)	(0.24)	2.94	(5.42)	12.94
JGLTX	1.17	(0.06)	(0.17)	1.98	(3.11)	6.39
PGKCX	1.59	(0.17)	(0.27)	2.15	(4.19)	9.20

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