Clearbridge Select Fund Market Value
| LBFIX Fund | USD 58.98 0.23 0.39% |
| Symbol | Clearbridge |
Clearbridge Select '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 Select'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 Select.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Clearbridge Select on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Clearbridge Select Fund or generate 0.0% return on investment in Clearbridge Select over 30 days. Clearbridge Select is related to or competes with Tax-managed, Aqr Diversified, Tiaa Cref, Oppenheimer International, Adams Diversified, Fidelity Advisor, and Jhancock Diversified. The fund seeks to achieve its investment objective by taking an unconstrained approach to investing with an emphasis on ... More
Clearbridge Select 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 Select'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 Select Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.0861 | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.63 |
Clearbridge Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Select's standard deviation. In reality, there are many statistical measures that can use Clearbridge Select historical prices to predict the future Clearbridge Select's volatility.| Risk Adjusted Performance | 0.1666 | |||
| Jensen Alpha | 0.0814 | |||
| Total Risk Alpha | 0.0525 | |||
| Sortino Ratio | 0.0775 | |||
| Treynor Ratio | 0.1949 |
Clearbridge Select Backtested Returns
Clearbridge Select appears to be very steady, given 3 months investment horizon. Clearbridge Select secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the fund had a 0.28% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Clearbridge Select Fund, which you can use to evaluate the volatility of the entity. Please makes use of Clearbridge Select's mean deviation of 0.701, and Risk Adjusted Performance of 0.1666 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.02, which signifies a somewhat significant risk relative to the market. Clearbridge Select returns are very sensitive to returns on the market. As the market goes up or down, Clearbridge Select is expected to follow.
Auto-correlation | 0.96 |
Excellent predictability
Clearbridge Select Fund has excellent predictability. Overlapping area represents the amount of predictability between Clearbridge Select time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Select price movement. The serial correlation of 0.96 indicates that 96.0% of current Clearbridge Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Clearbridge Select lagged returns against current returns
Autocorrelation, which is Clearbridge Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Clearbridge Select returns to help us make a trade decision. For example, suppose you find that Clearbridge Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Clearbridge Select Lagged Returns
When evaluating Clearbridge Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Select mutual fund have on its future price. Clearbridge Select 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 Select autocorrelation shows the relationship between Clearbridge Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Select Fund.
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 Select 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 Select security.
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