Clearbridge Variable Correlations
| CVAPX Fund | USD 65.03 0.44 0.67% |
The current 90-days correlation between Clearbridge Variable and Goldman Sachs Real is 0.1 (i.e., Average diversification). The correlation of Clearbridge Variable 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 Variable Correlation With Market
Very weak diversification
The correlation between Clearbridge Variable Appreciat and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Variable Appreciat and DJI in the same portfolio, assuming nothing else is changed.
Clearbridge |
Moving together with Clearbridge Mutual Fund
| 0.65 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Clearbridge Mutual Fund
| 0.36 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.36 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.31 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.49 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.46 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.45 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.45 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.83 | 0.89 | -0.08 | 0.5 | GMJPX | ||
| 0.83 | 0.97 | -0.53 | 0.59 | IVRSX | ||
| 0.89 | 0.97 | -0.37 | 0.63 | MRESX | ||
| -0.08 | -0.53 | -0.37 | -0.12 | FORFX | ||
| 0.5 | 0.59 | 0.63 | -0.12 | CNREX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Variable 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 Variable'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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMJPX | 0.69 | (0.02) | (0.11) | 0.03 | 0.86 | 1.45 | 4.01 | |||
| IVRSX | 0.67 | (0.06) | 0.00 | (0.18) | 0.00 | 1.19 | 3.20 | |||
| MRESX | 0.69 | (0.05) | 0.00 | (0.08) | 0.00 | 1.26 | 3.43 | |||
| FORFX | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.93 | |||
| CNREX | 0.61 | 0.00 | (0.09) | 0.11 | 0.82 | 1.22 | 3.86 |