Cbre Clarion Correlations

IGR Fund

USD 5.68 0.04 0.71%

The current 90-days correlation between Cbre Clarion Global and Blackrock Resources Commodities is 0.27 (i.e., Modest 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 0.21 (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 signals in price.

Moving together with Cbre Fund

0.79	KF	Korea Closed	Pair Corr
0.95	KO	Coca Cola Aggressive Push	Pair Corr
0.83	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Cbre Fund

0.83	BTO	John Hancock Financial	Pair Corr
0.82	NDP	Tortoise Energy Inde	Pair Corr
0.81	EMO	Clearbridge Energy Mlp	Pair Corr
0.79	NTG	Tortoise Mlp Closed	Pair Corr
0.77	RQECX	Resq Dynamic Allocation	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.72	CEE	Central Europe Russia	Pair Corr
0.66	LLPFX	Longleaf Partners	Pair Corr
0.65	SCRYX	Small Cap Core	Pair Corr
0.63	FBALX	Fidelity Balanced	Pair Corr
0.57	FEMDX	Franklin Emerging Market	Pair Corr
0.53	GAB	Gabelli Equity Trust	Pair Corr
0.33	TDF	Templeton Dragon Closed	Pair Corr
0.33	SRV	Cushing Mlp Total	Pair Corr
0.81	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.72	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.72	WMT	Walmart Aggressive Push	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.59	T	ATT Inc Sell-off Trend	Pair Corr
0.52	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.5	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.42	HD	Home Depot	Pair Corr

Related Correlations Analysis

	AGD	BCX	AOD	BDJ	RNP	UTF	RFI	UTG	BST	RQI
AGD		0.88	0.93	0.52	0.14	0.39	-0.19	0.59	0.73	0.28	AGD
BCX	0.88		0.86	0.55	-0.1	0.33	-0.33	0.59	0.69	0.1	BCX
AOD	0.93	0.86		0.41	0.17	0.48	-0.14	0.54	0.59	0.38	AOD
BDJ	0.52	0.55	0.41		-0.47	0.11	-0.52	0.8	0.87	-0.38	BDJ
RNP	0.14	-0.1	0.17	-0.47		0.39	0.79	-0.23	-0.24	0.84	RNP
UTF	0.39	0.33	0.48	0.11	0.39		0.3	0.6	0.16	0.66	UTF
RFI	-0.19	-0.33	-0.14	-0.52	0.79	0.3		-0.34	-0.45	0.67	RFI
UTG	0.59	0.59	0.54	0.8	-0.23	0.6	-0.34		0.75	0.04	UTG
BST	0.73	0.69	0.59	0.87	-0.24	0.16	-0.45	0.75		-0.22	BST
RQI	0.28	0.1	0.38	-0.38	0.84	0.66	0.67	0.04	-0.22		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

AOD	+ 0.93	AGD
BCX	+ 0.88	AGD
BST	+ 0.87	BDJ
AOD	+ 0.86	BCX
RQI	+ 0.84	RNP
UTG	+ 0.8	BDJ

High negative correlations

RFI	- 0.52	BDJ
RNP	- 0.47	BDJ
BST	- 0.45	RFI
RQI	- 0.38	BDJ
UTG	- 0.34	RFI
RFI	- 0.33	BCX

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	0.52	(0.03)	(0.14)	0.05	0.58	(0.59)	0.91	(0.99)	2.64
BCX	0.71	(0.04)	(0.09)	0.06	0.87	(0.75)	1.49	(1.57)	4.21
AOD	0.50	(0.03)	(0.13)	0.06	0.59	(0.55)	0.94	(0.93)	2.66
BDJ	0.62	0.02	(0.04)	0.16	0.71	(0.69)	1.52	(1.18)	4.10
RNP	0.85	(0.02)	(0.11)	0.01	1.03	(0.89)	1.61	(1.78)	4.54
UTF	0.64	0.09	(0.02)	1.10	0.69	(0.69)	1.31	(1.44)	3.41
RFI	0.81	0.04	(0.06)	0.53	1.03	(0.85)	1.54	(1.67)	5.38
UTG	0.68	0.22	0.12	0.94	0.62	(0.72)	1.48	(1.54)	4.23
BST	0.72	0.00	(0.03)	0.12	0.93	(0.71)	1.51	(1.63)	3.94
RQI	0.95	0.05	(0.05)	1.12	1.13	(1.02)	1.80	(1.94)	4.75

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