Clearbridge Energy Mlp Fund Market Value
| EMO Fund | USD 49.80 0.82 1.67% |
| Symbol | Clearbridge |
Clearbridge Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Clearbridge Energy's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Clearbridge Energy.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Clearbridge Energy on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Clearbridge Energy Mlp or generate 0.0% return on investment in Clearbridge Energy over 720 days. Clearbridge Energy is related to or competes with BlackRock Capital, GCM Grosvenor, MFS High, First Trust, Tortoise Pipeline, Aberdeen Australia, and Nuveen Multi. ClearBridge Energy MLP Opportunity Fund Inc More
Clearbridge Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Clearbridge Energy's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Clearbridge Energy Mlp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.89 | |||
| Information Ratio | 0.2291 | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.81 |
Clearbridge Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Energy's standard deviation. In reality, there are many statistical measures that can use Clearbridge Energy historical prices to predict the future Clearbridge Energy's volatility.| Risk Adjusted Performance | 0.2657 | |||
| Jensen Alpha | 0.2934 | |||
| Total Risk Alpha | 0.2021 | |||
| Sortino Ratio | 0.284 | |||
| Treynor Ratio | 0.5679 |
Clearbridge Energy Mlp Backtested Returns
Clearbridge Energy appears to be very steady, given 3 months investment horizon. Clearbridge Energy Mlp secures Sharpe Ratio (or Efficiency) of 0.33, which signifies that the fund had a 0.33% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Clearbridge Energy Mlp, which you can use to evaluate the volatility of the entity. Please makes use of Clearbridge Energy's risk adjusted performance of 0.2657, and Mean Deviation of 0.8484 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clearbridge Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clearbridge Energy is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Clearbridge Energy Mlp has good predictability. Overlapping area represents the amount of predictability between Clearbridge Energy time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Clearbridge Energy Mlp price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Clearbridge Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 17.01 |
Clearbridge Energy Mlp lagged returns against current returns
Autocorrelation, which is Clearbridge Energy fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Clearbridge Energy's fund expected returns. We can calculate the autocorrelation of Clearbridge Energy returns to help us make a trade decision. For example, suppose you find that Clearbridge Energy has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Clearbridge Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Clearbridge Energy fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Energy fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clearbridge Energy fund over time.
Current vs Lagged Prices |
| Timeline |
Clearbridge Energy Lagged Returns
When evaluating Clearbridge Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Energy fund have on its future price. Clearbridge Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Clearbridge Energy autocorrelation shows the relationship between Clearbridge Energy fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Energy Mlp.
Regressed Prices |
| Timeline |
Pair Trading with Clearbridge Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clearbridge Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clearbridge Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Clearbridge Fund
| 0.96 | NDP | Tortoise Energy Inde | PairCorr |
| 0.98 | TTP | Tortoise Pipeline And | PairCorr |
| 0.88 | HIE | Millerhoward High Income | PairCorr |
| 0.87 | ACV | Allianzgi Diversified | PairCorr |
The ability to find closely correlated positions to Clearbridge Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clearbridge Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clearbridge Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clearbridge Energy Mlp to buy it.
The correlation of Clearbridge Energy 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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clearbridge Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Clearbridge Fund
Clearbridge Energy financial ratios help investors to determine whether Clearbridge Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Clearbridge with respect to the benefits of owning Clearbridge Energy security.
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