Clearbridge Aggressive Growth Fund Market Value
| LMPFX Fund | USD 105.29 0.20 0.19% |
| Symbol | Clearbridge |
Clearbridge Aggressive '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 Aggressive'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 Aggressive.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Clearbridge Aggressive on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Clearbridge Aggressive Growth or generate 0.0% return on investment in Clearbridge Aggressive over 360 days. Clearbridge Aggressive is related to or competes with Morningstar Unconstrained, and SPACE. The fund invests primarily in common stocks of companies the portfolio managers believe are experiencing, or will experi... More
Clearbridge Aggressive 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 Aggressive'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 Aggressive Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.3 |
Clearbridge Aggressive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Aggressive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Aggressive's standard deviation. In reality, there are many statistical measures that can use Clearbridge Aggressive historical prices to predict the future Clearbridge Aggressive's volatility.| Risk Adjusted Performance | (0.0002) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clearbridge Aggressive'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 Aggressive Backtested Returns
Clearbridge Aggressive secures Sharpe Ratio (or Efficiency) of -0.0395, which signifies that the fund had a -0.0395% return per unit of standard deviation over the last 3 months. Clearbridge Aggressive Growth exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clearbridge Aggressive's mean deviation of 0.7435, and Risk Adjusted Performance of (0.0002) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Clearbridge Aggressive returns are very sensitive to returns on the market. As the market goes up or down, Clearbridge Aggressive is expected to follow.
Auto-correlation | 0.47 |
Average predictability
Clearbridge Aggressive Growth has average predictability. Overlapping area represents the amount of predictability between Clearbridge Aggressive time series from 1st of May 2023 to 28th of October 2023 and 28th of October 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 Aggressive price movement. The serial correlation of 0.47 indicates that about 47.0% of current Clearbridge Aggressive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 36.67 |
Clearbridge Aggressive lagged returns against current returns
Autocorrelation, which is Clearbridge Aggressive 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 Aggressive's mutual fund expected returns. We can calculate the autocorrelation of Clearbridge Aggressive returns to help us make a trade decision. For example, suppose you find that Clearbridge Aggressive 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 Aggressive 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 Aggressive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Aggressive 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 Aggressive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Clearbridge Aggressive Lagged Returns
When evaluating Clearbridge Aggressive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Aggressive mutual fund have on its future price. Clearbridge Aggressive 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 Aggressive autocorrelation shows the relationship between Clearbridge Aggressive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Aggressive Growth.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Clearbridge Aggressive Correlation, Clearbridge Aggressive Volatility and Clearbridge Aggressive Alpha and Beta module to complement your research on Clearbridge Aggressive. Note that the Clearbridge Aggressive information on this page should be used as a complementary analysis to other Clearbridge Aggressive'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 Stocks Directory module to find actively traded stocks across global markets.
Clearbridge Aggressive 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.