Clearbridge Appreciation Correlations
SAPYX Fund | USD 38.31 0.10 0.26% |
The correlation of Clearbridge Appreciation 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 Appreciation Correlation With Market
Average diversification
The correlation between Clearbridge Appreciation Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Appreciation Fund and DJI in the same portfolio, assuming nothing else is changed.
Clearbridge |
Moving together with Clearbridge Mutual Fund
0.78 | VTSAX | Vanguard Total Stock | PairCorr |
0.77 | VFIAX | Vanguard 500 Index | PairCorr |
0.78 | VTSMX | Vanguard Total Stock | PairCorr |
0.78 | VITSX | Vanguard Total Stock | PairCorr |
0.78 | VSMPX | Vanguard Total Stock | PairCorr |
0.78 | VSTSX | Vanguard Total Stock | PairCorr |
0.77 | VFINX | Vanguard 500 Index | PairCorr |
0.77 | VFFSX | Vanguard 500 Index | PairCorr |
0.77 | VINIX | Vanguard Institutional | PairCorr |
0.77 | VIIIX | Vanguard Institutional | PairCorr |
0.76 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.74 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.64 | HPQ | HP Inc | PairCorr |
0.64 | WMT | Walmart Aggressive Push | PairCorr |
0.73 | BAC | Bank of America Aggressive Push | PairCorr |
0.67 | DIS | Walt Disney Aggressive Push | PairCorr |
0.76 | CVX | Chevron Corp Sell-off Trend | PairCorr |
0.73 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.63 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Clearbridge Mutual Fund
0.66 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.59 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.34 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
0.74 | 0.76 | 0.73 | 0.81 | AHYMX | ||
0.74 | 0.98 | 0.92 | 0.97 | PYICX | ||
0.76 | 0.98 | 0.95 | 0.95 | WAYCX | ||
0.73 | 0.92 | 0.95 | 0.89 | QLMYTX | ||
0.81 | 0.97 | 0.95 | 0.89 | BHYRX | ||
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Risk-Adjusted Indicators
There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Appreciation 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 Appreciation'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
AHYMX | 0.10 | 0.02 | (0.34) | (0.26) | 0.00 | 0.33 | 1.09 | |||
PYICX | 0.11 | 0.01 | (0.59) | 0.21 | 0.00 | 0.22 | 0.78 | |||
WAYCX | 0.13 | 0.02 | (0.42) | 0.36 | 0.00 | 0.29 | 1.02 | |||
QLMYTX | 0.13 | 0.02 | (0.39) | 0.33 | 0.00 | 0.30 | 0.90 | |||
BHYRX | 0.12 | 0.01 | (0.51) | 0.25 | 0.00 | 0.28 | 0.85 |