Clearbridge All Cap Etf Market Value
| CACG Etf | USD 49.19 0.60 1.23% |
| Symbol | ClearBridge |
The market value of ClearBridge All Cap is measured differently than its book value, which is the value of ClearBridge that is recorded on the company's balance sheet. Investors also form their own opinion of ClearBridge All's value that differs from its market value or its book value, called intrinsic value, which is ClearBridge All's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ClearBridge All's market value can be influenced by many factors that don't directly affect ClearBridge All's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ClearBridge All's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearBridge All is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearBridge All'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 All '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 All's etf 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 All.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in ClearBridge All on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding ClearBridge All Cap or generate 0.0% return on investment in ClearBridge All over 30 days. ClearBridge All is related to or competes with ClearBridge Large, VictoryShares Developed, VictoryShares Discovery, ClearBridge Dividend, and VictoryShares 500. The fund seeks to invest in a diversified portfolio of large, medium and small capitalization stocks that have the poten... More
ClearBridge All 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 All's etf 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 All Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.57 |
ClearBridge All Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ClearBridge All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ClearBridge All's standard deviation. In reality, there are many statistical measures that can use ClearBridge All historical prices to predict the future ClearBridge All's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0358 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ClearBridge All'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 All Cap Backtested Returns
We consider ClearBridge All very steady. ClearBridge All Cap secures Sharpe Ratio (or Efficiency) of 0.0142, which signifies that the etf had a 0.0142% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ClearBridge All Cap, which you can use to evaluate the volatility of the entity. Please confirm ClearBridge All's risk adjusted performance of 0.0345, and Mean Deviation of 0.8072 to double-check if the risk estimate we provide is consistent with the expected return of 0.015%. The etf shows a Beta (market volatility) of 1.16, 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 All will likely underperform.
Auto-correlation | 0.75 |
Good predictability
ClearBridge All Cap has good predictability. Overlapping area represents the amount of predictability between ClearBridge All time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 All Cap price movement. The serial correlation of 0.75 indicates that around 75.0% of current ClearBridge All price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
ClearBridge All Cap lagged returns against current returns
Autocorrelation, which is ClearBridge All etf'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 All's etf expected returns. We can calculate the autocorrelation of ClearBridge All returns to help us make a trade decision. For example, suppose you find that ClearBridge All has exhibited high autocorrelation historically, and you observe that the etf 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 All 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 All etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ClearBridge All etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ClearBridge All etf over time.
Current vs Lagged Prices |
| Timeline |
ClearBridge All Lagged Returns
When evaluating ClearBridge All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ClearBridge All etf have on its future price. ClearBridge All 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 All autocorrelation shows the relationship between ClearBridge All etf current value and its past values and can show if there is a momentum factor associated with investing in ClearBridge All Cap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ClearBridge All in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ClearBridge All's short interest history, or implied volatility extrapolated from ClearBridge All options trading.
Pair Trading with ClearBridge All
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ClearBridge All position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ClearBridge All will appreciate offsetting losses from the drop in the long position's value.Moving together with ClearBridge Etf
| 0.96 | VUG | Vanguard Growth Index | PairCorr |
| 0.96 | IWF | iShares Russell 1000 | PairCorr |
| 0.87 | IVW | iShares SP 500 | PairCorr |
| 0.93 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.92 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to ClearBridge All could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ClearBridge All when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ClearBridge All - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ClearBridge All Cap to buy it.
The correlation of ClearBridge All 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ClearBridge All moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ClearBridge All Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ClearBridge All can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ClearBridge All Correlation, ClearBridge All Volatility and ClearBridge All Alpha and Beta module to complement your research on ClearBridge All. Note that the ClearBridge All Cap information on this page should be used as a complementary analysis to other ClearBridge All's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
ClearBridge All technical etf 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, etf market cycles, or different charting patterns.