Clipper Fund Correlations

CFIMX Fund

USD 139.89 1.45 1.03%

The current 90-days correlation between Clipper Fund and Value Fund Value is 0.09 (i.e., Significant diversification). The correlation of Clipper Fund 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.

Clipper Fund Correlation With Market

Average diversification

The correlation between Clipper Fund Inc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clipper Fund Inc 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 Clipper Fund Inc. 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 population.

Moving together with Clipper Mutual Fund

0.86	VVIAX	Vanguard Value Index	Pair Corr
0.88	DOXGX	Dodge Cox Stock	Pair Corr
0.9	AFMFX	American Mutual	Pair Corr
0.9	FFMMX	American Funds American	Pair Corr
0.9	FFFMX	American Funds American	Pair Corr
0.9	AMRMX	American Mutual	Pair Corr
0.9	AMFFX	American Mutual	Pair Corr
0.9	AMFCX	American Mutual	Pair Corr
0.95	DODGX	Dodge Stock Fund	Pair Corr
0.86	VIVAX	Vanguard Value Index	Pair Corr

Moving against Clipper Mutual Fund

0.54	SRDAX	Stone Ridge Diversified	Pair Corr
0.46	CUSHX	Columbia Ultra Short	Pair Corr
0.45	DBFRX	Doubleline Floating Rate	Pair Corr
0.44	MSULX	Us Real Estate	Pair Corr
0.42	FISAX	Franklin Adjustable	Pair Corr
0.41	BXMYX	Blackstone Alternative	Pair Corr
0.52	CREMX	Redwood Real Estate	Pair Corr
0.5	PQTAX	Pimco Trends Managed	Pair Corr
0.47	EIDOX	Eaton Vance Emerging	Pair Corr
0.41	XHGLX	Highland Global Allo	Pair Corr

Related Correlations Analysis

	WVALX	MVALX	LLPFX	MPGFX	OAKLX
WVALX		0.67	0.91	0.81	0.23	WVALX
MVALX	0.67		0.69	0.87	0.78	MVALX
LLPFX	0.91	0.69		0.84	0.26	LLPFX
MPGFX	0.81	0.87	0.84		0.53	MPGFX
OAKLX	0.23	0.78	0.26	0.53		OAKLX
	WVALX	MVALX	LLPFX	MPGFX	OAKLX

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Risk-Adjusted Indicators

There is a big difference between Clipper Mutual Fund performing well and Clipper Fund 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 Clipper Fund'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
WVALX	0.76	(0.16)	0.00	(0.30)	0.00	0.00	1.03	(1.85)	11.71
MVALX	0.78	(0.02)	(0.03)	(0.03)	1.05	(0.80)	1.47	(1.30)	7.35
LLPFX	0.49	(0.06)	0.00	(0.42)	0.00	0.00	0.95	(1.12)	4.37
MPGFX	0.63	(0.05)	0.00	(0.19)	0.00	0.00	1.17	(1.73)	6.44
OAKLX	0.66	0.09	0.08	0.26	0.78	(0.70)	1.40	(1.00)	8.35

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