Clearbridge Variable Appreciation Fund Market Value
| CVAPX Fund | USD 71.62 0.55 0.77% |
| Symbol | Clearbridge |
Please note, there is a significant difference between Clearbridge Variable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearbridge Variable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearbridge Variable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Clearbridge Variable '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 Variable's mutual 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 Variable.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Clearbridge Variable on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Clearbridge Variable Appreciation or generate 0.0% return on investment in Clearbridge Variable over 30 days. Clearbridge Variable is related to or competes with Deutsche Global, Ab Municipal, Western Asset, Ab Bond, Aqr Managed, and Blackrock Inflation. Clearbridge Variable is entity of United States More
Clearbridge Variable 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 Variable's mutual 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 Variable Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7569 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.92 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.04 |
Clearbridge Variable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Variable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Variable's standard deviation. In reality, there are many statistical measures that can use Clearbridge Variable historical prices to predict the future Clearbridge Variable's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0958 |
Clearbridge Variable Backtested Returns
At this stage we consider Clearbridge Mutual Fund to be very steady. Clearbridge Variable secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Clearbridge Variable Appreciation, which you can use to evaluate the volatility of the entity. Please confirm Clearbridge Variable's risk adjusted performance of 0.0906, and Mean Deviation of 0.502 to double-check if the risk estimate we provide is consistent with the expected return of 0.0942%. The fund shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clearbridge Variable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clearbridge Variable is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Clearbridge Variable Appreciation has modest predictability. Overlapping area represents the amount of predictability between Clearbridge Variable time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Variable price movement. The serial correlation of 0.52 indicates that about 52.0% of current Clearbridge Variable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Clearbridge Variable lagged returns against current returns
Autocorrelation, which is Clearbridge Variable mutual 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 Variable's mutual fund expected returns. We can calculate the autocorrelation of Clearbridge Variable returns to help us make a trade decision. For example, suppose you find that Clearbridge Variable has exhibited high autocorrelation historically, and you observe that the mutual 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 Variable 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 Variable mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Variable mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clearbridge Variable mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Clearbridge Variable Lagged Returns
When evaluating Clearbridge Variable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Variable mutual fund have on its future price. Clearbridge Variable 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 Variable autocorrelation shows the relationship between Clearbridge Variable mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Variable Appreciation.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Clearbridge Mutual Fund
Clearbridge Variable financial ratios help investors to determine whether Clearbridge Mutual 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 Variable security.
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