Cbre Clarion Correlations

IGR Fund

USD 5.17 0.03 0.58%

The current 90-days correlation between Cbre Clarion Global and Blackrock Resources Commodities is 0.43 (i.e., Very weak diversification). The correlation of Cbre Clarion 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.

Cbre Clarion Correlation With Market

Very weak diversification

The correlation between Cbre Clarion Global and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cbre Clarion Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Cbre Clarion Global. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Cbre Fund

0.85	PTY	Pimco Corporate Income	Pair Corr
0.87	PHK	Pimco High Income	Pair Corr
0.86	PCN	Pimco Corporate Income	Pair Corr
0.87	FFC	Flaherty Crumrine	Pair Corr
0.67	HYT	Blackrock Corporate High	Pair Corr
0.84	NUV	Nuveen Municipal Value	Pair Corr
0.66	HIO	Western Asset High	Pair Corr
0.61	TIMUX	Transamerica Intermediate	Pair Corr
0.78	BISMX	Brandes International	Pair Corr
0.78	VICSX	Vanguard Intermediate-ter	Pair Corr
0.93	DBIWX	Dws Global Macro	Pair Corr
0.81	HWACX	Hotchkis Wiley Value	Pair Corr
0.7	USGDX	Morgan Stanley Government	Pair Corr
0.87	HTD	John Hancock Tax	Pair Corr
0.77	HRBDX	Harbor Bond Fund	Pair Corr
0.76	DLDFX	Destinations Low Duration	Pair Corr
0.81	UTF	Cohen And Steers	Pair Corr
0.82	GIOIX	Guggenheim Macro Opp	Pair Corr
0.72	EBSIX	Campbell Systematic Macro	Pair Corr
0.68	PGLSX	Global Multi Strategy	Pair Corr
0.82	ABNOX	Ab Bond Inflation	Pair Corr
0.77	SGDLX	Sprott Gold Equity	Pair Corr

Moving against Cbre Fund

0.67	CHY	Calamos Convertible And	Pair Corr
0.62	CHI	Calamos Convertible	Pair Corr
0.41	RCS	Pimco Strategic Income	Pair Corr

Related Correlations Analysis

	AGD	BCX	AOD	BDJ	RNP	UTF	RFI	UTG	BST	RQI
AGD		0.75	0.95	0.95	0.89	0.87	0.9	0.66	0.09	0.9	AGD
BCX	0.75		0.73	0.75	0.59	0.77	0.59	0.71	0.07	0.63	BCX
AOD	0.95	0.73		0.96	0.85	0.8	0.86	0.71	0.24	0.9	AOD
BDJ	0.95	0.75	0.96		0.84	0.79	0.87	0.72	0.23	0.93	BDJ
RNP	0.89	0.59	0.85	0.84		0.82	0.95	0.5	-0.01	0.89	RNP
UTF	0.87	0.77	0.8	0.79	0.82		0.78	0.56	-0.18	0.74	UTF
RFI	0.9	0.59	0.86	0.87	0.95	0.78		0.51	0.03	0.95	RFI
UTG	0.66	0.71	0.71	0.72	0.5	0.56	0.51		0.64	0.63	UTG
BST	0.09	0.07	0.24	0.23	-0.01	-0.18	0.03	0.64		0.2	BST
RQI	0.9	0.63	0.9	0.93	0.89	0.74	0.95	0.63	0.2		RQI
	AGD	BCX	AOD	BDJ	RNP	UTF	RFI	UTG	BST	RQI

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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

BDJ	+ 0.96	AOD
AOD	+ 0.95	AGD
BDJ	+ 0.95	AGD
RFI	+ 0.95	RNP
RQI	+ 0.95	RFI
RQI	+ 0.93	BDJ

High negative correlations

BST	- 0.18	UTF
BST	- 0.01	RNP

Risk-Adjusted Indicators

There is a big difference between Cbre Fund performing well and Cbre Clarion 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 Cbre Clarion'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
AGD	0.73	0.10	0.13	0.11	0.89	(0.74)	1.70	(1.38)	4.55
BCX	0.93	0.11	0.11	0.09	1.12	(0.95)	1.71	(1.56)	3.48
AOD	0.73	0.10	0.13	0.08	0.84	(0.79)	1.36	(1.49)	4.19
BDJ	0.73	0.08	0.11	0.05	0.83	(0.82)	1.63	(1.39)	3.50
RNP	0.73	0.07	0.08	0.05	1.05	(0.75)	1.45	(1.55)	4.54
UTF	0.67	0.08	0.14	0.12	0.77	(0.75)	1.61	(1.66)	3.59
RFI	0.70	0.03	0.07	0.00	0.91	(0.73)	1.26	(1.67)	4.04
UTG	0.95	0.06	0.05	0.03	1.50	(0.83)	1.92	(2.50)	5.69
BST	1.12	(0.03)	0.00	(0.10)	0.00	0.00	1.92	(2.99)	7.66
RQI	0.89	0.03	0.00	(0.02)	0.00	0.00	1.81	(1.93)	4.75

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