Champlain Mid Correlations

CIPMX Fund

USD 20.15 0.13 0.64%

The current 90-days correlation between Champlain Mid Cap and Artisan Mid Cap is 0.1 (i.e., Average diversification). The correlation of Champlain Mid 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Champlain Mid Correlation With Market

Average diversification

The correlation between Champlain Mid Cap and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champlain Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Champlain Mid Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Champlain Mutual Fund

0.83	CIPIX	Champlain Mid Cap	Pair Corr
0.75	PAMCX	T Rowe Price	Pair Corr
0.63	RRMGX	T Rowe Price	Pair Corr
0.7	PEMGX	Midcap Fund Class	Pair Corr
0.78	PMBCX	Midcap Fund Class	Pair Corr
0.75	TRQZX	T Rowe Price	Pair Corr
0.73	TRUZX	T Rowe Price	Pair Corr
0.68	JGRCX	Janus Enterprise	Pair Corr
0.78	VTIAX	Vanguard Total Inter	Pair Corr
0.72	NSMCX	Nuveen Nwq Smallmid	Pair Corr
0.99	MTCCX	Mfs Technology	Pair Corr
0.67	PQTNX	Pimco Trends Managed	Pair Corr
0.69	PUFCX	Prudential Financial	Pair Corr
0.9	NWHGX	Nationwide Bailard Nitive	Pair Corr
0.61	FNKCX	Frank Value Fund	Pair Corr
0.73	DTEYX	Dreyfus Technology Growth	Pair Corr
0.91	POICX	Virtus Tactical Allo	Pair Corr

Moving against Champlain Mutual Fund

0.54

CIPTX

Advisors Inner Circle

Pair Corr

Related Correlations Analysis

	ARTMX	APHMX	DEVLX	SGRHX	SGRKX	EMGYX	SCSCX	JMCVX	MRGAX	DEVIX
ARTMX		1.0	0.86	0.86	0.87	0.0	0.77	0.97	0.78	0.93	ARTMX
APHMX	1.0		0.85	0.86	0.86	0.0	0.79	0.97	0.78	0.93	APHMX
DEVLX	0.86	0.85		0.91	0.91	0.0	0.83	0.85	0.94	0.92	DEVLX
SGRHX	0.86	0.86	0.91		1.0	0.0	0.76	0.84	0.88	0.95	SGRHX
SGRKX	0.87	0.86	0.91	1.0		0.0	0.74	0.85	0.88	0.96	SGRKX
EMGYX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EMGYX
SCSCX	0.77	0.79	0.83	0.76	0.74	0.0		0.77	0.82	0.77	SCSCX
JMCVX	0.97	0.97	0.85	0.84	0.85	0.0	0.77		0.77	0.94	JMCVX
MRGAX	0.78	0.78	0.94	0.88	0.88	0.0	0.82	0.77		0.84	MRGAX
DEVIX	0.93	0.93	0.92	0.95	0.96	0.0	0.77	0.94	0.84		DEVIX
	ARTMX	APHMX	DEVLX	SGRHX	SGRKX	EMGYX	SCSCX	JMCVX	MRGAX	DEVIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

APHMX	+ 1.0	ARTMX
SGRKX	+ 1.0	SGRHX
JMCVX	+ 0.97	ARTMX
JMCVX	+ 0.97	APHMX
DEVIX	+ 0.96	SGRKX
DEVIX	+ 0.95	SGRHX

High negative correlations

DEVIX	- 0.0	EMGYX
MRGAX	- 0.0	EMGYX
JMCVX	- 0.0	EMGYX
SCSCX	- 0.0	EMGYX
EMGYX	- 0.0	SGRKX
EMGYX	- 0.0	SGRHX

Risk-Adjusted Indicators

There is a big difference between Champlain Mutual Fund performing well and Champlain Mid Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Champlain Mid's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTMX	1.25	0.28	0.30	0.23	0.68	(1.68)	1.51	(1.76)	26.20
APHMX	1.13	0.19	0.21	0.19	0.75	(1.47)	1.50	(1.76)	20.18
DEVLX	0.99	0.34	0.25	(3.50)	0.64	(1.22)	2.11	(1.58)	14.55
SGRHX	1.28	0.31	0.21	0.41	0.91	(1.43)	1.87	(2.24)	27.14
SGRKX	1.54	0.49	0.33	0.65	0.76	(1.75)	1.88	(2.28)	38.42
EMGYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCSCX	0.60	0.06	0.00	0.58	0.79	(0.62)	1.39	(1.44)	3.00
JMCVX	0.79	0.19	0.18	0.31	0.50	(0.89)	1.51	(1.13)	10.50
MRGAX	0.85	0.30	0.23	(2.78)	0.52	(0.95)	1.24	(1.39)	15.65
DEVIX	0.96	0.23	0.21	0.28	0.69	(1.18)	2.14	(1.58)	13.17

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