Clearbridge Small Cap Fund Market Value
| LMARX Fund | USD 57.92 1.56 2.62% |
| 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.
| 01/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Clearbridge Small on January 17, 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 Qs International, Qs International, Legg Mason, Western Asset, Western Asset, Western Asset, and Western Asset. Under normal circumstances, the fund invests at least 80 percent of its net assets plus borrowings for investment purpos... 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 | 1.16 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.7 |
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 | 0.027 | |||
| Jensen Alpha | 0.0398 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clearbridge Small'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 Small Cap Backtested Returns
We consider Clearbridge Small very steady. Clearbridge Small Cap secures Sharpe Ratio (or Efficiency) of 0.0362, which signifies that the fund had a 0.0362% 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 confirm Clearbridge Small's mean deviation of 0.7956, and Risk Adjusted Performance of 0.027 to double-check if the risk estimate we provide is consistent with the expected return of 0.0405%. The fund shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Clearbridge Small are expected to decrease at a much lower rate. During the bear market, Clearbridge Small is likely to outperform the market.
Auto-correlation | 0.15 |
Insignificant predictability
Clearbridge Small Cap has insignificant predictability. Overlapping area represents the amount of predictability between Clearbridge Small time series from 17th of January 2024 to 2nd of March 2024 and 2nd of March 2024 to 16th 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 Small Cap price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Clearbridge Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
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 |
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Clearbridge Small 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.