Champlain Small Correlations

CIPNX Fund  USD 22.43  0.21  0.93%   
The current 90-days correlation between Champlain Small and The Hartford Midcap is -0.09 (i.e., Good 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
  0.85JGMNX Janus TritonPairCorr
  0.86VEMIX Vanguard Emerging MarketsPairCorr
  0.92VSCPX Vanguard Small CapPairCorr
  0.78TFCAX Tax Free ConservativePairCorr
  0.86FUNFX American Funds FundaPairCorr
  0.92DFSTX Us Small CapPairCorr
  0.75VMSSX Virtus Multi SectorPairCorr

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.