Cambiar Smid Correlations

CAMUX Fund

USD 23.30 0.36 1.57%

The current 90-days correlation between Cambiar Smid and Ultra Short Fixed Income is 0.12 (i.e., Average diversification). The correlation of Cambiar Smid 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 Smid Correlation With Market

Modest diversification

The correlation between Cambiar Smid Fund and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambiar Smid Fund 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 Smid Fund. 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 employment.

Moving together with Cambiar Mutual Fund

0.63	SMPSX	Semiconductor Ultrasector	Pair Corr
0.61	LSHUX	Horizon Spin Off	Pair Corr
0.61	LSHEX	Kinetics Spin Off	Pair Corr
0.61	LSHAX	Horizon Spin Off	Pair Corr
0.63	LSHCX	Horizon Spin Off	Pair Corr
0.7	JRLKX	Multi Index 2015	Pair Corr
0.76	NCLEX	Nicholas Edition	Pair Corr
0.64	TLYRX	Tiaa Cref Lifecycle	Pair Corr

Moving against Cambiar Mutual Fund

0.58	LLDYX	Lord Abbett Short	Pair Corr
0.6	GGNPX	Goldman Sachs High	Pair Corr
0.5	GMODX	Gmo Opportunistic Income	Pair Corr
0.37	DPIGX	Intermediate Government	Pair Corr

Related Correlations Analysis

	SWSFX	ABNTX	ARTFX	GMCDX	MFIRX	RESAX	BXHCX
SWSFX		0.01	0.68	0.64	0.77	0.17	0.43	SWSFX
ABNTX	0.01		0.43	0.59	0.53	0.77	0.58	ABNTX
ARTFX	0.68	0.43		0.93	0.88	0.65	0.94	ARTFX
GMCDX	0.64	0.59	0.93		0.9	0.74	0.88	GMCDX
MFIRX	0.77	0.53	0.88	0.9		0.71	0.81	MFIRX
RESAX	0.17	0.77	0.65	0.74	0.71		0.82	RESAX
BXHCX	0.43	0.58	0.94	0.88	0.81	0.82		BXHCX
	SWSFX	ABNTX	ARTFX	GMCDX	MFIRX	RESAX	BXHCX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Cambiar Mutual Fund performing well and Cambiar Smid 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 Smid'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
SWSFX	0.03	0.00	0.00	0.12	0.00	0.00	0.10	(0.10)	0.59
ABNTX	0.13	(0.01)	(0.45)	(0.16)	0.15	(0.17)	0.30	(0.30)	0.79
ARTFX	0.11	0.02	(0.31)	(11.49)	0.00	(0.18)	0.44	(0.22)	1.10
GMCDX	0.24	0.05	(0.12)	1.24	0.03	(0.30)	0.46	(0.41)	2.04
MFIRX	0.10	0.01	(0.32)	0.44	0.00	(0.23)	0.19	(0.19)	0.77
RESAX	0.22	0.01	(0.22)	0.27	0.21	(0.28)	0.49	(0.37)	2.22
BXHCX	0.12	0.02	(0.29)	(1.58)	0.00	(0.20)	0.37	(0.25)	1.11

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