Clearbridge Variable Correlations

CVAPX Fund  USD 70.87  0.24  0.34%   
The current 90-days correlation between Clearbridge Variable and Clearbridge Energy Mlp is 0.12 (i.e., Average 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

Very poor diversification

The correlation between Clearbridge Variable Appreciat and DJI is 0.85 (i.e., Very poor 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

  0.99VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.87BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.78DIS Walt DisneyPairCorr
  0.93CSCO Cisco Systems Aggressive PushPairCorr
  0.74HD Home DepotPairCorr
  0.65XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.82HPQ HP IncPairCorr
  0.79CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Moving against Clearbridge Mutual Fund

  0.72KO Coca Cola Aggressive PushPairCorr
  0.61PFHCX Pacific Funds SmallPairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.72JNJ Johnson Johnson Sell-off TrendPairCorr
  0.69BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.47PG Procter GamblePairCorr

Related Correlations Analysis

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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   
APWEXXEMOX
APWEXGRHAX
APWEXICBAX
ICBAXXEMOX
FRNRXGRHAX
APWEXFRNRX
  
High negative correlations   
APWEXSNPIX
ICBAXSNPIX
FRNRXSNPIX
SNPIXXEMOX
GRHAXSNPIX
ALTEXXEMOX

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.