Champlain Small Correlations

Mutual Funds . USA . 
Fund . Champlain Small
CIPNX Fund  USD 22.43  0.21  0.93%   
The current 90-days correlation between Champlain Small and The Hartford Midcap is 0.9 (i.e., Almost no diversification). The correlation of Champlain Small 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 Small Correlation With Market

Very poor diversification

The correlation between Champlain Small and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champlain Small 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 Small. 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 board of governors.

Moving together with Champlain Mutual Fund

  0.99CIPMX Champlain Mid CapPairCorr
  0.99CIPIX Champlain Mid CapPairCorr
  1.0CIPSX Champlain Small PanyPairCorr
  0.95CIPTX Advisors Inner CirclePairCorr
  0.89VSGAX Vanguard Small CapPairCorr
  0.93VSGIX Vanguard Small CapPairCorr
  0.93VISGX Vanguard Small CapPairCorr
  0.93VEXPX Vanguard ExplorerPairCorr
  0.93VEXRX Vanguard ExplorerPairCorr
  0.89JGMIX Janus TritonPairCorr
  0.89JGMRX Janus TritonPairCorr
  0.85JGMAX Janus TritonPairCorr
  0.89JGMCX Janus TritonPairCorr
  0.85JGMNX Janus TritonPairCorr
  0.8SMPSX Semiconductor UltrasectorPairCorr
  0.82SMPIX Semiconductor UltrasectorPairCorr
  0.77TREMX T Rowe PricePairCorr
  0.81ONERX One Rock FundPairCorr
  0.77TTEEX T Rowe PricePairCorr
  0.82FIKGX Fidelity Advisor SemPairCorr
  0.84FELIX Fidelity Advisor SemPairCorr
  0.85FSELX Fidelity Select SemiPairCorr
  0.82FELAX Fidelity Advisor SemPairCorr
  0.82FELTX Fidelity Advisor SemPairCorr
  0.92HAMVX Harbor Mid CapPairCorr
  0.85FNITX Fidelity Advisor NewPairCorr
  0.88MSEQX Growth Portfolio ClassPairCorr
  0.71GDFIX Goldman Sachs ShortPairCorr
  0.89GMVAX Goldman Sachs SmallmidPairCorr
  0.76RPSIX Spectrum IncomePairCorr
  0.84CFSMX Clarkston PartnersPairCorr
  0.76ARYMX Global Real EstatePairCorr
  0.85HULIX Huber Capital EquityPairCorr
  0.89LANIX Qs Growth FundPairCorr
  0.96ARIHX Aristotle Funds SeriesPairCorr
  0.89JGINX Janus Growth AndPairCorr
  0.87RSIFX Victory Rs SciencePairCorr
  0.89JTYBX Jpmorgan Smartretirement*PairCorr
  0.88IWGAX Ivy Wilshire GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Champlain Mutual Fund performing well and Champlain Small 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 Small'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.

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