Clearbridge Variable Appreciation Fund Market Value
| CVAPX Fund | USD 65.03 0.44 0.67% |
| 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.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Clearbridge Variable on December 23, 2022 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 720 days. Clearbridge Variable is related to or competes with Goldman Sachs, Vy Clarion, Amg Managers, and Commonwealth Real. 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.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.8449 |
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 | (0.0008) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.02) |
Clearbridge Variable Backtested Returns
Clearbridge Variable secures Sharpe Ratio (or Efficiency) of -0.0372, which signifies that the fund had a -0.0372% return per unit of standard deviation over the last 3 months. Clearbridge Variable Appreciation exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clearbridge Variable's risk adjusted performance of (0.0008), and Mean Deviation of 0.6089 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.83, 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 | 0.79 |
Good predictability
Clearbridge Variable Appreciation has good predictability. Overlapping area represents the amount of predictability between Clearbridge Variable time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 0.79 indicates that around 79.0% of current Clearbridge Variable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 13.61 |
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.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |