Cambiar International Correlations

CAMIX Fund

USD 26.23 0.16 0.61%

The current 90-days correlation between Cambiar International and Vanguard Total International is 0.84 (i.e., Very poor diversification). The correlation of Cambiar International 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.

Cambiar International Correlation With Market

Weak diversification

The correlation between Cambiar International Equity and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambiar International Equity 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 Cambiar International Equity. 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 gross domestic product.

Moving together with Cambiar Mutual Fund

1.0	CAMYX	Cambiar International	Pair Corr
0.86	VGTSX	Vanguard Total Inter	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.86	VTSNX	Vanguard Total Inter	Pair Corr
0.86	VTPSX	Vanguard Total Inter	Pair Corr
0.86	VTISX	Vanguard Total Inter	Pair Corr
0.97	VTMGX	Vanguard Developed	Pair Corr
0.91	VDVIX	Vanguard Developed	Pair Corr
0.96	VTMNX	Vanguard Developed	Pair Corr
0.96	VDIPX	Vanguard Developed	Pair Corr
0.93	FSPSX	Fidelity International	Pair Corr

Moving against Cambiar Mutual Fund

0.83	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.81	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.74	CAMZX	Cambiar Small Cap	Pair Corr
0.74	CAMSX	Cambiar Small Cap	Pair Corr
0.54	CAMWX	Cambiar Opportunity	Pair Corr
0.54	CAMOX	Cambiar Opportunity	Pair Corr
0.84	KINCX	Kinetics Internet	Pair Corr
0.83	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.83	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.83	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.82	RYBKX	Banking Fund Class	Pair Corr
0.81	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.81	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.62	FLACX	Fidelity Stock Selector	Pair Corr
0.62	VIPAX	Index Plus Largecap	Pair Corr
0.6	BPIRX	Boston Partners Longshort	Pair Corr
0.59	AMEIX	Equity Growth	Pair Corr
0.58	ASTZX	Astor Long/short	Pair Corr
0.58	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.48	FLCNX	Fidelity Contrafund	Pair Corr
0.46	LETRX	Voya Russia Fund	Pair Corr

Related Correlations Analysis

	VGTSX	VTIAX	VTSNX	VTPSX	VTISX	VTMGX	VDVIX	VTMNX	VDIPX	FSPSX
VGTSX		1.0	1.0	1.0	1.0	0.91	0.85	0.91	0.91	0.83	VGTSX
VTIAX	1.0		1.0	1.0	1.0	0.91	0.85	0.91	0.91	0.83	VTIAX
VTSNX	1.0	1.0		1.0	1.0	0.91	0.84	0.91	0.91	0.82	VTSNX
VTPSX	1.0	1.0	1.0		1.0	0.91	0.84	0.91	0.91	0.82	VTPSX
VTISX	1.0	1.0	1.0	1.0		0.91	0.84	0.91	0.9	0.82	VTISX
VTMGX	0.91	0.91	0.91	0.91	0.91		0.93	1.0	1.0	0.93	VTMGX
VDVIX	0.85	0.85	0.84	0.84	0.84	0.93		0.93	0.93	1.0	VDVIX
VTMNX	0.91	0.91	0.91	0.91	0.91	1.0	0.93		1.0	0.93	VTMNX
VDIPX	0.91	0.91	0.91	0.91	0.9	1.0	0.93	1.0		0.93	VDIPX
FSPSX	0.83	0.83	0.82	0.82	0.82	0.93	1.0	0.93	0.93		FSPSX
	VGTSX	VTIAX	VTSNX	VTPSX	VTISX	VTMGX	VDVIX	VTMNX	VDIPX	FSPSX

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Risk-Adjusted Indicators

There is a big difference between Cambiar Mutual Fund performing well and Cambiar International 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 Cambiar International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VGTSX	0.62	(0.11)	(0.13)	1.15	(1.56)	4.09
VTIAX	0.62	(0.11)	(0.12)	1.15	(1.59)	4.11
VTSNX	0.61	(0.11)	(0.13)	1.15	(1.57)	4.08
VTPSX	0.61	(0.11)	(0.13)	1.14	(1.57)	4.08
VTISX	0.61	(0.11)	(0.12)	1.14	(1.57)	4.09
VTMGX	0.63	(0.14)	(0.17)	0.98	(1.49)	3.94
VDVIX	0.64	(0.08)	1.82	0.96	(1.52)	4.01
VTMNX	0.63	(0.14)	(0.17)	0.99	(1.55)	3.94
VDIPX	0.63	(0.14)	(0.17)	1.02	(1.50)	3.93
FSPSX	0.65	(0.09)	1.89	0.91	(1.64)	4.06

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