Champlain Small Correlations

Mutual Funds . USA . 
Fund . Champlain Small Pany
CIPSX Fund  USD 20.63  0.61  3.05%   
The current 90-days correlation between Champlain Small Pany and Champlain Mid Cap is 0.97 (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

Almost no diversification

The correlation between Champlain Small Pany and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champlain Small Pany 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 Pany. 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 state.

Moving together with Champlain Mutual Fund

  0.99CIPMX Champlain Mid CapPairCorr
  1.0CIPNX Champlain SmallPairCorr
  0.99CIPIX Champlain Mid CapPairCorr
  0.99CIPTX Advisors Inner CirclePairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.99JGMIX Janus TritonPairCorr
  0.99JGMRX Janus TritonPairCorr
  0.99JGMAX Janus TritonPairCorr
  0.99JGMCX Janus TritonPairCorr
  0.99JGMNX Janus TritonPairCorr
  0.72LSHCX Horizon Spin OffPairCorr
  0.71LSHEX Kinetics Spin OffPairCorr
  0.76WWNPX Kinetics ParadigmPairCorr
  0.71LSHAX Horizon Spin OffPairCorr
  0.71LSHUX Horizon Spin OffPairCorr
  0.76KNPYX Kinetics ParadigmPairCorr
  0.77KNPCX Kinetics ParadigmPairCorr
  0.67VRGEX Virtus Global RealPairCorr

Moving against Champlain Mutual Fund

  0.85SECPX Sdit Ultra ShortPairCorr
  0.78WABSX Western Asset IntermPairCorr
  0.71RSDIX Rbc Short DurationPairCorr
  0.71SWSFX Ultra Short FixedPairCorr
  0.69CGVRX Columbia GovernmentPairCorr
  0.57GILFX Guggenheim LimitedPairCorr
  0.54GBXIX Nationwide Bond IndexPairCorr
  0.42PYTRX Putman Absolute ReturnPairCorr
  0.37VMSSX Virtus Multi SectorPairCorr
  0.33GQJIX Gqg Partners InternaPairCorr
  0.82SNAXX Charles SchwabPairCorr
  0.79ASDIX Aamhimco Short DurationPairCorr
  0.75MCFRX Pioneer Multi AssetPairCorr
  0.63PIFGX Prudential Short TermPairCorr

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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