Clearbridge Energy Correlations

EMO Fund

USD 49.80 0.82 1.67%

The current 90-days correlation between Clearbridge Energy Mlp and First Trust High is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clearbridge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearbridge Energy Mlp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Clearbridge Energy Correlation With Market

Average diversification

The correlation between Clearbridge Energy Mlp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Energy Mlp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Clearbridge Energy Mlp. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Clearbridge Fund

0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.68	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.69	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.76	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against Clearbridge Fund

0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.7	KO	Coca Cola Sell-off Trend	Pair Corr
0.6	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	FOCS	BCAT	GCMG	CMU	FTHY	TTP	IHIT	IAF	CTR	JMM
FOCS		0.34	0.65	-0.39	-0.03	0.47	-0.41	-0.31	0.07	-0.75	FOCS
BCAT	0.34		0.63	0.34	0.62	0.42	-0.28	0.37	0.14	-0.13	BCAT
GCMG	0.65	0.63		-0.03	0.32	0.59	-0.49	0.23	0.33	-0.44	GCMG
CMU	-0.39	0.34	-0.03		0.58	-0.38	-0.26	0.47	-0.03	0.65	CMU
FTHY	-0.03	0.62	0.32	0.58		0.16	-0.4	0.54	0.04	0.32	FTHY
TTP	0.47	0.42	0.59	-0.38	0.16		0.04	0.15	0.4	-0.63	TTP
IHIT	-0.41	-0.28	-0.49	-0.26	-0.4	0.04		-0.16	0.09	-0.14	IHIT
IAF	-0.31	0.37	0.23	0.47	0.54	0.15	-0.16		0.18	0.44	IAF
CTR	0.07	0.14	0.33	-0.03	0.04	0.4	0.09	0.18		-0.16	CTR
JMM	-0.75	-0.13	-0.44	0.65	0.32	-0.63	-0.14	0.44	-0.16		JMM
	FOCS	BCAT	GCMG	CMU	FTHY	TTP	IHIT	IAF	CTR	JMM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GCMG	+ 0.65	FOCS
JMM	+ 0.65	CMU
GCMG	+ 0.63	BCAT
FTHY	+ 0.62	BCAT
TTP	+ 0.59	GCMG
FTHY	+ 0.58	CMU

High negative correlations

JMM	- 0.75	FOCS
JMM	- 0.63	TTP
IHIT	- 0.49	GCMG
JMM	- 0.44	GCMG
IHIT	- 0.41	FOCS
IHIT	- 0.4	FTHY

Risk-Adjusted Indicators

There is a big difference between Clearbridge Fund performing well and Clearbridge Energy 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 Energy'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
FOCS	0.09	0.00	(1.10)	0.45	0.07	(0.10)	0.21	(0.17)	0.56
BCAT	0.46	0.01	(0.11)	0.13	0.45	(0.53)	1.10	(0.76)	2.93
GCMG	1.08	0.15	0.08	0.38	0.91	(1.29)	3.07	(1.75)	7.64
CMU	0.40	0.06	(0.12)	(0.29)	0.41	(0.54)	1.11	(0.84)	2.54
FTHY	0.39	(0.01)	(0.19)	0.09	0.42	(0.48)	0.76	(0.75)	2.59
TTP	0.78	0.31	0.32	1.14	0.00	(0.96)	1.93	(1.04)	5.26
IHIT	0.46	(0.05)	0.00	(0.73)	0.00	0.00	1.07	(1.18)	2.70
IAF	0.71	0.04	(0.07)	0.79	0.70	(0.97)	1.86	(1.16)	4.24
CTR	249.16	127.57	0.00	41.04	0.00	0.00	1,000.00	(99.48)	1,099
JMM	0.48	(0.03)	0.00	1.82	0.00	0.00	0.99	(0.99)	3.69

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