Champlain Small Correlations
CIPNX Fund | USD 22.61 0.18 0.80% |
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.
Champlain |
Moving together with Champlain Mutual Fund
0.98 | CIPMX | Champlain Mid Cap | PairCorr |
0.98 | CIPIX | Champlain Mid Cap | PairCorr |
0.89 | VSGAX | Vanguard Small Cap | PairCorr |
0.91 | VSGIX | Vanguard Small Cap | PairCorr |
0.92 | VISGX | Vanguard Small Cap | PairCorr |
0.92 | VEXPX | Vanguard Explorer | PairCorr |
0.92 | VEXRX | Vanguard Explorer | PairCorr |
0.87 | JGMIX | Janus Triton | PairCorr |
0.87 | JGMRX | Janus Triton | PairCorr |
0.84 | JGMAX | Janus Triton | PairCorr |
0.87 | JGMCX | Janus Triton | PairCorr |
0.84 | JGMNX | Janus Triton | PairCorr |
0.87 | FWWNX | American Funds New | PairCorr |
0.75 | EMAIX | Eaton Vance Msschsts | PairCorr |
0.8 | FEFAX | First Eagle Fund | PairCorr |
0.81 | ITTRX | Hartford Balanced | PairCorr |
0.85 | VEMIX | Vanguard Emerging Markets | PairCorr |
0.87 | BMCIX | Blackrock High Equity | PairCorr |
0.85 | VEIEX | Vanguard Emerging Markets | PairCorr |
0.83 | JGSRX | John Hancock Global | PairCorr |
0.88 | HDGRX | Hartford Dividend | PairCorr |
0.86 | FHJMX | Fidelity Europe | PairCorr |
0.82 | PHYAX | High Yield Fund | PairCorr |
0.91 | VSTCX | Vanguard Strategic | PairCorr |
0.9 | VSCPX | Vanguard Small Cap | PairCorr |
0.87 | SMVTX | Ridgeworth Ceredex Mid | PairCorr |
0.77 | TFCAX | Tax Free Conservative | PairCorr |
0.75 | VMFXX | Vanguard Federal Money | PairCorr |
0.88 | JLIEX | Retirement Living Through | PairCorr |
0.76 | FMUSX | Federated Municipal | PairCorr |
0.8 | CIRAX | Capital Income Builder | PairCorr |
0.85 | FUNFX | American Funds Funda | PairCorr |
0.91 | DFSTX | Us Small Cap | PairCorr |
0.74 | VMSSX | Virtus Multi Sector | PairCorr |
0.79 | PHYEX | Pgim High Yield | PairCorr |
0.84 | FELTX | Fidelity Advisor Sem | PairCorr |
0.85 | FSTRX | Federated Mdt Large | PairCorr |
Related Correlations Analysis
0.86 | 0.94 | 0.95 | 0.94 | HFMIX | ||
0.86 | 0.92 | 0.95 | 0.95 | MEDIX | ||
0.94 | 0.92 | 0.98 | 0.94 | WFMIX | ||
0.95 | 0.95 | 0.98 | 0.97 | WMFFX | ||
0.94 | 0.95 | 0.94 | 0.97 | BEXIX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
HFMIX | 0.82 | 0.05 | 0.10 | 0.24 | 0.54 | 2.42 | 6.91 | |||
MEDIX | 0.17 | 0.04 | (0.70) | 0.55 | 0.00 | 0.42 | 1.03 | |||
WFMIX | 0.63 | 0.01 | (0.01) | 0.22 | 0.50 | 1.84 | 4.22 | |||
WMFFX | 0.47 | 0.08 | 0.06 | 0.30 | 0.00 | 1.49 | 3.88 | |||
BEXIX | 0.56 | 0.13 | 0.05 | 0.45 | 0.01 | 1.44 | 4.40 |