Clearbridge Large Cap Fund Market Value
| LMLSX Fund | USD 46.79 0.22 0.47% |
| Symbol | Clearbridge |
Clearbridge Large '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 Large'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 Large.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Clearbridge Large on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Clearbridge Large Cap or generate 0.0% return on investment in Clearbridge Large over 30 days. Clearbridge Large is related to or competes with Clearbridge Aggressive, Clearbridge Small, Qs International, Clearbridge Appreciation, Legg Mason, Western Asset, and Western Asset. The fund normally invests at least 80 percent of its net assets, plus borrowings for investment purposes, if any, in equity securities, or other investments with similar economic characteristics, of companies with large market capitalizations. More
Clearbridge Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5304 | |||
| Information Ratio | 6.0E-4 | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.0 |
Clearbridge Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Large's standard deviation. In reality, there are many statistical measures that can use Clearbridge Large historical prices to predict the future Clearbridge Large's volatility.| Risk Adjusted Performance | 0.1394 | |||
| Jensen Alpha | 0.0152 | |||
| Total Risk Alpha | 0.0081 | |||
| Sortino Ratio | 8.0E-4 | |||
| Treynor Ratio | 0.138 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clearbridge Large's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Clearbridge Large Cap Backtested Returns
At this stage we consider Clearbridge Mutual Fund to be very steady. Clearbridge Large Cap secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Clearbridge Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Clearbridge Large's mean deviation of 0.5211, and Risk Adjusted Performance of 0.1394 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.88, which signifies possible diversification benefits within a given portfolio. Clearbridge Large returns are very sensitive to returns on the market. As the market goes up or down, Clearbridge Large is expected to follow.
Auto-correlation | 0.72 |
Good predictability
Clearbridge Large Cap has good predictability. Overlapping area represents the amount of predictability between Clearbridge Large 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 Large Cap price movement. The serial correlation of 0.72 indicates that around 72.0% of current Clearbridge Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Clearbridge Large Cap lagged returns against current returns
Autocorrelation, which is Clearbridge Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Clearbridge Large returns to help us make a trade decision. For example, suppose you find that Clearbridge Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Clearbridge Large Lagged Returns
When evaluating Clearbridge Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Large mutual fund have on its future price. Clearbridge Large 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 Large autocorrelation shows the relationship between Clearbridge Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Large Cap.
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 Large 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 Large security.
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