Clearbridge Variable Correlations

CVAPX Fund

USD 64.79 1.04 1.63%

The current 90-days correlation between Clearbridge Variable and Precious Metals And is 0.34 (i.e., 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

Weak diversification

The correlation between Clearbridge Variable Appreciat and DJI is 0.39 (i.e., Weak 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

0.74	BRUFX	Bruce Fund Bruce	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.7	DIS	Walt Disney	Pair Corr
0.82	XOM	Exxon Mobil Corp	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.72	PG	Procter Gamble	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr

Moving against Clearbridge Mutual Fund

0.45	RYMEX	Commodities Strategy	Pair Corr
0.45	RYMBX	Commodities Strategy	Pair Corr
0.44	RYMJX	Commodities Strategy	Pair Corr
0.66	BA	Boeing	Pair Corr

Related Correlations Analysis

	UIPMX	SGDLX	EKWYX	FGDIX	OGMCX	GLDAX	EPGIX
UIPMX		0.98	1.0	1.0	0.96	1.0	0.96	UIPMX
SGDLX	0.98		0.98	0.98	0.99	0.99	0.97	SGDLX
EKWYX	1.0	0.98		1.0	0.96	1.0	0.96	EKWYX
FGDIX	1.0	0.98	1.0		0.96	1.0	0.96	FGDIX
OGMCX	0.96	0.99	0.96	0.96		0.98	0.97	OGMCX
GLDAX	1.0	0.99	1.0	1.0	0.98		0.96	GLDAX
EPGIX	0.96	0.97	0.96	0.96	0.97	0.96		EPGIX
	UIPMX	SGDLX	EKWYX	FGDIX	OGMCX	GLDAX	EPGIX

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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
UIPMX	1.22	0.11	0.07	0.21	1.58	(1.26)	2.56	(3.11)	7.10
SGDLX	1.23	0.04	0.03	0.10	1.67	(1.20)	2.36	(2.88)	6.91
EKWYX	1.34	0.12	0.07	0.24	1.75	(1.34)	2.60	(3.17)	7.41
FGDIX	1.29	0.13	0.08	0.24	1.66	(1.35)	2.62	(2.96)	6.82
OGMCX	1.25	0.02	0.02	0.02	1.71	(1.30)	2.62	(3.21)	7.38
GLDAX	1.12	0.09	0.06	0.18	1.55	(1.07)	2.79	(2.88)	7.13
EPGIX	1.34	0.05	0.03	0.12	1.78	(1.32)	2.56	(2.98)	7.74

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