Clearbridge Energy Correlations

XEMOX Fund

USD 53.68 0.03 0.06%

The current 90-days correlation between Clearbridge Energy Mlp and Lord Abbett High is 0.13 (i.e., Average diversification). 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 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 Energy Correlation With Market

Significant diversification

The correlation between Clearbridge Energy Mlp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Energy Mlp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Clearbridge Energy Mlp. 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 persons.

Moving together with Clearbridge Mutual Fund

0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.73	VSTSX	Vanguard Total Stock	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.87	XPPRX	Voya Prime Rate	Pair Corr
0.73	PCF	Putnam High Income	Pair Corr
0.84	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.86	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.67	T	ATT Inc Aggressive Push	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.92	BAC	Bank of America Aggressive Push	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr

Moving against Clearbridge Mutual Fund

0.62	XNXJX	Nuveen New Jersey	Pair Corr
0.62	XNBHX	Neuberger Berman Int	Pair Corr
0.44	VGTSX	Vanguard Total Inter	Pair Corr
0.43	VTIAX	Vanguard Total Inter	Pair Corr
0.35	NXJ	Nuveen New Jersey	Pair Corr
0.34	XDSMX	Dreyfus Strategic	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.72	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	LHYOX	MRHYX	FAGIX	JHYZX	PGHCX	PHIAX	PYICX
LHYOX		0.95	0.87	0.96	0.99	0.96	0.93	LHYOX
MRHYX	0.95		0.91	0.97	0.96	0.97	0.9	MRHYX
FAGIX	0.87	0.91		0.87	0.86	0.92	0.72	FAGIX
JHYZX	0.96	0.97	0.87		0.96	0.96	0.94	JHYZX
PGHCX	0.99	0.96	0.86	0.96		0.96	0.93	PGHCX
PHIAX	0.96	0.97	0.92	0.96	0.96		0.88	PHIAX
PYICX	0.93	0.9	0.72	0.94	0.93	0.88		PYICX
	LHYOX	MRHYX	FAGIX	JHYZX	PGHCX	PHIAX	PYICX

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Energy 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 Energy'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LHYOX	0.13	0.00	(0.33)	0.00	(0.21)	0.31	(0.16)	0.93
MRHYX	0.09	0.03	(0.50)	23.31	(0.14)	0.23	(0.12)	0.59
FAGIX	0.20	0.05	(0.16)	9.91	(0.27)	0.41	(0.30)	1.21
JHYZX	0.11	0.02	(0.45)	0.53	(0.21)	0.31	(0.15)	0.47
PGHCX	0.13	0.03	(0.25)	(1.04)	(0.34)	0.53	(0.26)	0.80
PHIAX	0.09	0.00	(0.48)	0.00	(0.15)	0.23	(0.23)	0.57
PYICX	0.11	0.01	(0.49)	0.25	(0.17)	0.22	(0.22)	0.78

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