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 0.48 (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

Modest diversification

The correlation between Cbre Clarion Global and DJI is 0.29 (i.e., Modest 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 various price indices.

Moving together with Cbre Fund

0.74	BTO	John Hancock Financial	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.82	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.81	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.74	INTC	Intel	Pair Corr
0.82	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr

Moving against Cbre Fund

0.72	BA	Boeing	Pair Corr
0.67	TWN	Taiwan Closed	Pair Corr
0.6	CCD	Calamos Dynamic Conv	Pair Corr

Related Correlations Analysis

	AGD	BCX	AOD	BDJ	RNP	UTF	RFI	UTG	BST	RQI
AGD		0.65	0.96	0.73	0.35	0.43	0.31	0.59	0.68	0.49	AGD
BCX	0.65		0.7	0.82	0.67	0.72	0.72	0.65	0.12	0.81	BCX
AOD	0.96	0.7		0.8	0.44	0.51	0.39	0.63	0.58	0.56	AOD
BDJ	0.73	0.82	0.8		0.7	0.77	0.69	0.78	0.17	0.81	BDJ
RNP	0.35	0.67	0.44	0.7		0.89	0.97	0.56	-0.22	0.94	RNP
UTF	0.43	0.72	0.51	0.77	0.89		0.92	0.81	-0.09	0.94	UTF
RFI	0.31	0.72	0.39	0.69	0.97	0.92		0.61	-0.26	0.96	RFI
UTG	0.59	0.65	0.63	0.78	0.56	0.81	0.61		0.33	0.74	UTG
BST	0.68	0.12	0.58	0.17	-0.22	-0.09	-0.26	0.33		-0.08	BST
RQI	0.49	0.81	0.56	0.81	0.94	0.94	0.96	0.74	-0.08		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

RFI	+ 0.97	RNP
AOD	+ 0.96	AGD
RQI	+ 0.96	RFI
RQI	+ 0.94	RNP
RQI	+ 0.94	UTF
RFI	+ 0.92	UTF

High negative correlations

BST	- 0.26	RFI
BST	- 0.22	RNP
BST	- 0.09	UTF
RQI	- 0.08	BST

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	0.57	0.04	(0.02)	0.21	0.63	(0.64)	1.29	(1.18)	3.12
BCX	0.82	(0.06)	0.00	(0.10)	0.00	0.00	1.54	(1.71)	4.80
AOD	0.58	0.01	(0.05)	0.13	0.65	(0.64)	1.21	(0.94)	2.96
BDJ	0.77	0.02	(0.03)	0.13	0.89	(0.89)	1.61	(1.23)	4.50
RNP	0.94	(0.07)	0.00	(0.11)	0.00	0.00	2.02	(1.84)	6.09
UTF	0.80	(0.03)	(0.09)	0.01	0.98	(0.81)	1.33	(1.71)	3.20
RFI	0.82	(0.11)	0.00	(0.37)	0.00	0.00	1.49	(1.82)	4.50
UTG	0.95	0.05	0.01	0.17	1.60	(0.88)	1.92	(2.83)	5.72
BST	0.90	0.06	0.02	0.19	1.41	(0.92)	1.91	(1.67)	7.66
RQI	1.05	(0.05)	0.00	(0.27)	0.00	0.00	2.03	(1.94)	6.57

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