Clearbridge Small Cap Fund Market Value
| LMOIX Fund | USD 45.06 0.51 1.12% |
| Symbol | Clearbridge |
Clearbridge Small '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 Small'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 Small.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Clearbridge Small on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Clearbridge Small Cap or generate 0.0% return on investment in Clearbridge Small over 90 days. Clearbridge Small is related to or competes with Us Strategic, Balanced Fund, Huber Capital, Qs International, Qs Global, Rbc Global, and Sarofim Equity. The fund normally invests at least 80 percent of its assets in equity securities of companies with small market capitali... More
Clearbridge Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9903 | |||
| Information Ratio | 0.0867 | |||
| Maximum Drawdown | 6.95 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.97 |
Clearbridge Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Small's standard deviation. In reality, there are many statistical measures that can use Clearbridge Small historical prices to predict the future Clearbridge Small's volatility.| Risk Adjusted Performance | 0.144 | |||
| Jensen Alpha | 0.0558 | |||
| Total Risk Alpha | 0.0313 | |||
| Sortino Ratio | 0.1014 | |||
| Treynor Ratio | 0.1546 |
Clearbridge Small Cap Backtested Returns
Clearbridge Small appears to be very steady, given 3 months investment horizon. Clearbridge Small Cap secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Clearbridge Small Cap, which you can use to evaluate the volatility of the entity. Please makes use of Clearbridge Small's risk adjusted performance of 0.144, and Mean Deviation of 0.8467 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.39, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Clearbridge Small will likely underperform.
Auto-correlation | 0.72 |
Good predictability
Clearbridge Small Cap has good predictability. Overlapping area represents the amount of predictability between Clearbridge Small time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Small Cap price movement. The serial correlation of 0.72 indicates that around 72.0% of current Clearbridge Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.86 |
Clearbridge Small Cap lagged returns against current returns
Autocorrelation, which is Clearbridge Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Clearbridge Small returns to help us make a trade decision. For example, suppose you find that Clearbridge Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Clearbridge Small Lagged Returns
When evaluating Clearbridge Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Small mutual fund have on its future price. Clearbridge Small 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 Small autocorrelation shows the relationship between Clearbridge Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Small 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 Small 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 Small security.
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