Clearbridge Dividend Strategy Fund Market Value
Clearbridge Dividend's market value is the price at which a share of Clearbridge Dividend trades on a public exchange. It measures the collective expectations of Clearbridge Dividend Strategy investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Clearbridge Dividend Strategy and determine expected loss or profit from investing in Clearbridge Dividend over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Symbol | Clearbridge |
Clearbridge Dividend '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 Dividend'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 Dividend.
05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Clearbridge Dividend on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Clearbridge Dividend Strategy or generate 0.0% return on investment in Clearbridge Dividend over 720 days. Clearbridge Dividend is related to or competes with Lord Abbett, and Columbia Convertible. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus borrowings for investment p... More
Clearbridge Dividend 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 Dividend'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 Dividend Strategy upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6807 | |||
Information Ratio | (0.07) | |||
Maximum Drawdown | 3.75 | |||
Value At Risk | (0.95) | |||
Potential Upside | 0.8573 |
Clearbridge Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Dividend's standard deviation. In reality, there are many statistical measures that can use Clearbridge Dividend historical prices to predict the future Clearbridge Dividend's volatility.Risk Adjusted Performance | 0.0509 | |||
Jensen Alpha | 0.0288 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.06) | |||
Treynor Ratio | 0.3017 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clearbridge Dividend'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 Dividend Backtested Returns
We consider Clearbridge Dividend very steady. Clearbridge Dividend secures Sharpe Ratio (or Efficiency) of 0.0825, which signifies that the fund had a 0.0825% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Clearbridge Dividend Strategy, which you can use to evaluate the volatility of the entity. Please confirm Clearbridge Dividend's risk adjusted performance of 0.0509, and Mean Deviation of 0.4379 to double-check if the risk estimate we provide is consistent with the expected return of 0.0488%. The fund shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clearbridge Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clearbridge Dividend is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Clearbridge Dividend Strategy has below average predictability. Overlapping area represents the amount of predictability between Clearbridge Dividend time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Dividend price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Clearbridge Dividend price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.39 | |
Spearman Rank Test | 0.25 | |
Residual Average | 0.0 | |
Price Variance | 2.17 |
Clearbridge Dividend lagged returns against current returns
Autocorrelation, which is Clearbridge Dividend 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 Dividend's mutual fund expected returns. We can calculate the autocorrelation of Clearbridge Dividend returns to help us make a trade decision. For example, suppose you find that Clearbridge Dividend 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 Dividend 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 Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Dividend 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 Dividend mutual fund over time.
Current vs Lagged Prices |
Timeline |
Clearbridge Dividend Lagged Returns
When evaluating Clearbridge Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Dividend mutual fund have on its future price. Clearbridge Dividend 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 Dividend autocorrelation shows the relationship between Clearbridge Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Dividend Strategy.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Clearbridge Dividend Correlation, Clearbridge Dividend Volatility and Clearbridge Dividend Alpha and Beta module to complement your research on Clearbridge Dividend. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Clearbridge Dividend technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.