Clearbridge Sustainable Infrastructure Etf Market Value
| INFR Etf | USD 24.67 0.04 0.16% |
| Symbol | ClearBridge |
The market value of ClearBridge Sustainable is measured differently than its book value, which is the value of ClearBridge that is recorded on the company's balance sheet. Investors also form their own opinion of ClearBridge Sustainable's value that differs from its market value or its book value, called intrinsic value, which is ClearBridge Sustainable's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ClearBridge Sustainable's market value can be influenced by many factors that don't directly affect ClearBridge Sustainable's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ClearBridge Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearBridge Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearBridge Sustainable'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 Sustainable '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 Sustainable's etf 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 Sustainable.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ClearBridge Sustainable on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding ClearBridge Sustainable Infrastructure or generate 0.0% return on investment in ClearBridge Sustainable over 180 days. ClearBridge Sustainable is related to or competes with FlexShares STOXX, First Trust, ClearBridge Dividend, Janus Henderson, and Janus Henderson. The investment seeks to track the investment results of the RARE Global Infrastructure Index More
ClearBridge Sustainable 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 Sustainable's etf 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 Sustainable Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 0.9438 |
ClearBridge Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ClearBridge Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ClearBridge Sustainable's standard deviation. In reality, there are many statistical measures that can use ClearBridge Sustainable historical prices to predict the future ClearBridge Sustainable's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.9694 |
ClearBridge Sustainable Backtested Returns
ClearBridge Sustainable secures Sharpe Ratio (or Efficiency) of -0.0585, which signifies that the etf had a -0.0585% return per unit of standard deviation over the last 3 months. ClearBridge Sustainable Infrastructure exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ClearBridge Sustainable's risk adjusted performance of (0.04), and Mean Deviation of 0.625 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0532, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ClearBridge Sustainable are expected to decrease at a much lower rate. During the bear market, ClearBridge Sustainable is likely to outperform the market.
Auto-correlation | -0.86 |
Excellent reverse predictability
ClearBridge Sustainable Infrastructure has excellent reverse predictability. Overlapping area represents the amount of predictability between ClearBridge Sustainable time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Sustainable price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current ClearBridge Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
ClearBridge Sustainable lagged returns against current returns
Autocorrelation, which is ClearBridge Sustainable etf'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 Sustainable's etf expected returns. We can calculate the autocorrelation of ClearBridge Sustainable returns to help us make a trade decision. For example, suppose you find that ClearBridge Sustainable has exhibited high autocorrelation historically, and you observe that the etf 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 Sustainable 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 Sustainable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ClearBridge Sustainable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ClearBridge Sustainable etf over time.
Current vs Lagged Prices |
| Timeline |
ClearBridge Sustainable Lagged Returns
When evaluating ClearBridge Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ClearBridge Sustainable etf have on its future price. ClearBridge Sustainable 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 Sustainable autocorrelation shows the relationship between ClearBridge Sustainable etf current value and its past values and can show if there is a momentum factor associated with investing in ClearBridge Sustainable Infrastructure.
Regressed Prices |
| Timeline |
Pair Trading with ClearBridge Sustainable
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ClearBridge Sustainable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ClearBridge Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving together with ClearBridge Etf
Moving against ClearBridge Etf
| 0.82 | EOS | Eaton Vance Enhanced | PairCorr |
| 0.76 | VUG | Vanguard Growth Index | PairCorr |
| 0.75 | PAVE | Global X Infrastructure | PairCorr |
| 0.73 | VTI | Vanguard Total Stock | PairCorr |
| 0.72 | VO | Vanguard Mid Cap | PairCorr |
The ability to find closely correlated positions to ClearBridge Sustainable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ClearBridge Sustainable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ClearBridge Sustainable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ClearBridge Sustainable Infrastructure to buy it.
The correlation of ClearBridge Sustainable 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ClearBridge Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ClearBridge Sustainable moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ClearBridge Sustainable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ClearBridge Sustainable Correlation, ClearBridge Sustainable Volatility and ClearBridge Sustainable Alpha and Beta module to complement your research on ClearBridge Sustainable. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
ClearBridge Sustainable technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.