Clearbridge Dividend Strategy Etf Market Value
| YLDE Etf | USD 44.64 0.04 0.09% |
| Symbol | ClearBridge |
The market value of ClearBridge Dividend 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 Dividend's value that differs from its market value or its book value, called intrinsic value, which is ClearBridge Dividend'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 Dividend's market value can be influenced by many factors that don't directly affect ClearBridge Dividend'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 Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearBridge Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearBridge Dividend'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 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 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 Dividend.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in ClearBridge Dividend on October 21, 2023 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 180 days. ClearBridge Dividend is related to or competes with Dimensional Targeted, Dimensional World, and Dimensional Small. 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 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 Dividend Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6225 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 2.79 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.7728 |
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 | 0.0132 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0034 |
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 0.0149, which signifies that the etf had a 0.0149% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for ClearBridge Dividend Strategy, which you can use to evaluate the volatility of the entity. Please confirm ClearBridge Dividend's mean deviation of 0.4482, and Risk Adjusted Performance of 0.0132 to double-check if the risk estimate we provide is consistent with the expected return of 0.0083%. The etf shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. 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 | 0.81 |
Very good predictability
ClearBridge Dividend Strategy has very good predictability. Overlapping area represents the amount of predictability between ClearBridge Dividend time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 0.81 indicates that around 81.0% of current ClearBridge Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
ClearBridge Dividend lagged returns against current returns
Autocorrelation, which is ClearBridge Dividend 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 Dividend's etf 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 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ClearBridge Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ClearBridge Dividend etf 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 etf 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 etf 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 |
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 Dividend 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 Dividend's short interest history, or implied volatility extrapolated from ClearBridge Dividend options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ClearBridge Dividend is a strong investment it is important to analyze ClearBridge Dividend's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ClearBridge Dividend's future performance. For an informed investment choice regarding ClearBridge Etf, refer to the following important reports:Check out ClearBridge Dividend Correlation, ClearBridge Dividend Volatility and ClearBridge Dividend Alpha and Beta module to complement your research on ClearBridge Dividend. Note that the ClearBridge Dividend information on this page should be used as a complementary analysis to other ClearBridge Dividend'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
ClearBridge Dividend 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.