Champlain Small Correlations

Mutual Funds . USA . 
Fund . Champlain Small
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.
  
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

  0.98CIPMX Champlain Mid CapPairCorr
  0.98CIPIX Champlain Mid CapPairCorr
  0.89VSGAX Vanguard Small CapPairCorr
  0.91VSGIX Vanguard Small CapPairCorr
  0.92VISGX Vanguard Small CapPairCorr
  0.92VEXPX Vanguard ExplorerPairCorr
  0.92VEXRX Vanguard ExplorerPairCorr
  0.87JGMIX Janus TritonPairCorr
  0.87JGMRX Janus TritonPairCorr
  0.84JGMAX Janus TritonPairCorr
  0.87JGMCX Janus TritonPairCorr
  0.84JGMNX Janus TritonPairCorr
  0.87FWWNX American Funds NewPairCorr
  0.75EMAIX Eaton Vance MsschstsPairCorr
  0.8FEFAX First Eagle FundPairCorr
  0.81ITTRX Hartford BalancedPairCorr
  0.85VEMIX Vanguard Emerging MarketsPairCorr
  0.87BMCIX Blackrock High EquityPairCorr
  0.85VEIEX Vanguard Emerging MarketsPairCorr
  0.83JGSRX John Hancock GlobalPairCorr
  0.88HDGRX Hartford DividendPairCorr
  0.86FHJMX Fidelity EuropePairCorr
  0.82PHYAX High Yield FundPairCorr
  0.91VSTCX Vanguard StrategicPairCorr
  0.9VSCPX Vanguard Small CapPairCorr
  0.87SMVTX Ridgeworth Ceredex MidPairCorr
  0.77TFCAX Tax Free ConservativePairCorr
  0.75VMFXX Vanguard Federal MoneyPairCorr
  0.88JLIEX Retirement Living ThroughPairCorr
  0.76FMUSX Federated MunicipalPairCorr
  0.8CIRAX Capital Income BuilderPairCorr
  0.85FUNFX American Funds FundaPairCorr
  0.91DFSTX Us Small CapPairCorr
  0.74VMSSX Virtus Multi SectorPairCorr
  0.79PHYEX Pgim High YieldPairCorr
  0.84FELTX Fidelity Advisor SemPairCorr
  0.85FSTRX Federated Mdt LargePairCorr

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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