Clearbridge Appreciation Fund Market Value
| SAPCX Fund | USD 31.62 0.28 0.89% |
| Symbol | Clearbridge |
Clearbridge Appreciation '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 Appreciation'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 Appreciation.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Clearbridge Appreciation on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Clearbridge Appreciation Fund or generate 0.0% return on investment in Clearbridge Appreciation over 360 days. Clearbridge Appreciation is related to or competes with Morningstar Unconstrained, and SPACE. The fund invests primarily in equity securities of U.S More
Clearbridge Appreciation 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 Appreciation'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 Appreciation Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6951 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.06 |
Clearbridge Appreciation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearbridge Appreciation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearbridge Appreciation's standard deviation. In reality, there are many statistical measures that can use Clearbridge Appreciation historical prices to predict the future Clearbridge Appreciation's volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.0032 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0893 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clearbridge Appreciation'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 Appreciation Backtested Returns
We consider Clearbridge Appreciation very steady. Clearbridge Appreciation secures Sharpe Ratio (or Efficiency) of 0.0873, which signifies that the fund had a 0.0873% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Clearbridge Appreciation Fund, which you can use to evaluate the volatility of the entity. Please confirm Clearbridge Appreciation's mean deviation of 0.5022, and Risk Adjusted Performance of 0.0772 to double-check if the risk estimate we provide is consistent with the expected return of 0.0594%. The fund shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clearbridge Appreciation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clearbridge Appreciation is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Clearbridge Appreciation Fund has modest predictability. Overlapping area represents the amount of predictability between Clearbridge Appreciation 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 Appreciation price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Clearbridge Appreciation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.58 |
Clearbridge Appreciation lagged returns against current returns
Autocorrelation, which is Clearbridge Appreciation 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 Appreciation's mutual fund expected returns. We can calculate the autocorrelation of Clearbridge Appreciation returns to help us make a trade decision. For example, suppose you find that Clearbridge Appreciation 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 Appreciation 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 Appreciation mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearbridge Appreciation 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 Appreciation mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Clearbridge Appreciation Lagged Returns
When evaluating Clearbridge Appreciation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearbridge Appreciation mutual fund have on its future price. Clearbridge Appreciation 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 Appreciation autocorrelation shows the relationship between Clearbridge Appreciation mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Clearbridge Appreciation Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Clearbridge Appreciation Correlation, Clearbridge Appreciation Volatility and Clearbridge Appreciation Alpha and Beta module to complement your research on Clearbridge Appreciation. Note that the Clearbridge Appreciation information on this page should be used as a complementary analysis to other Clearbridge Appreciation'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Clearbridge Appreciation 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.