Clearbridge Energy Mlp Fund Z Score

CEM Fund  USD 45.16  0.52  1.16%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Clearbridge Energy Piotroski F Score and Portfolio Optimization analysis.
  

Clearbridge Z Score Analysis

Clearbridge Energy's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

Clearbridge Energy Z Score Component Assessment

In accordance with the company's disclosures, Clearbridge Energy Mlp has a Z Score of 0.0. This indicator is about the same for the Financial Services average (which is currently at 0.0) family and about the same as Asset Management (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).

Clearbridge Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Clearbridge Energy's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Clearbridge Energy could also be used in its relative valuation, which is a method of valuing Clearbridge Energy by comparing valuation metrics of similar companies.
Clearbridge Energy is currently under evaluation in z score among similar funds.

Clearbridge Fundamentals

About Clearbridge Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Clearbridge Energy Mlp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clearbridge Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clearbridge Energy Mlp based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
ClearBridge Energy MLP Fund Inc. is a closed-ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. ClearBridge Energy MLP Fund Inc. was formed on March 31, 2010 and is domiciled in the United States. Clearbridge Energy operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
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 Energy 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 Energy's short interest history, or implied volatility extrapolated from Clearbridge Energy options trading.

Pair Trading with Clearbridge Energy

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 Energy 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 Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Clearbridge Fund

  0.94NDP Tortoise Energy IndePairCorr
  0.81KF Korea ClosedPairCorr
  0.92NTG Tortoise Mlp ClosedPairCorr

Moving against Clearbridge Fund

  0.52BTO John Hancock FinancialPairCorr
  0.42CSCO Cisco Systems Fiscal Quarter End 30th of April 2024 PairCorr
The ability to find closely correlated positions to Clearbridge Energy 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 Energy 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 Energy - 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 Energy Mlp to buy it.
The correlation of Clearbridge Energy 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 Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearbridge Energy Mlp 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 Energy 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.
Pair CorrelationCorrelation Matching
Check out Clearbridge Energy Piotroski F Score and Portfolio Optimization analysis.
Note that the Clearbridge Energy Mlp information on this page should be used as a complementary analysis to other Clearbridge Energy'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Clearbridge Fund analysis

When running Clearbridge Energy's price analysis, check to measure Clearbridge Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clearbridge Energy is operating at the current time. Most of Clearbridge Energy's value examination focuses on studying past and present price action to predict the probability of Clearbridge Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clearbridge Energy's price. Additionally, you may evaluate how the addition of Clearbridge Energy to your portfolios can decrease your overall portfolio volatility.
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Fundamental Analysis
View fundamental data based on most recent published financial statements
Please note, there is a significant difference between Clearbridge Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearbridge Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearbridge Energy'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.