Clarkston Partners Correlations

CFSMX Fund

USD 12.81 0.15 1.16%

The current 90-days correlation between Clarkston Partners and Science Technology Fund is 0.17 (i.e., Average diversification). The correlation of Clarkston Partners 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.

Clarkston Partners Correlation With Market

Very poor diversification

The correlation between Clarkston Partners Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarkston Partners 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 Clarkston Partners 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 state.

Moving together with Clarkston Mutual Fund

0.89	CFMDX	Clarkston Founders	Pair Corr
0.93	CIMDX	Clarkston Founders	Pair Corr
0.92	CILGX	Clarkston Fund Insti	Pair Corr
1.0	CISMX	Clarkston Partners	Pair Corr
0.79	VMVAX	Vanguard Mid Cap	Pair Corr
0.77	JVMAX	John Hancock Disciplined	Pair Corr
0.78	JVMIX	John Hancock Disciplined	Pair Corr
0.79	VMVIX	Vanguard Mid Cap	Pair Corr
0.78	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.78	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.78	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.78	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.78	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.81	MVCAX	Mfs Mid Cap	Pair Corr
0.68	PFN	Pimco Income Strategy	Pair Corr
0.8	JABSX	Jhancock Multimanager	Pair Corr
0.81	ALFAX	Lord Abbett Alpha	Pair Corr
0.77	TPILX	Tiaa Cref Lifecycle	Pair Corr
0.82	FPPIX	Fidelity Advisor 529	Pair Corr
0.77	NDARX	American Funds Retirement	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.81	SLMCX	Columbia Seligman	Pair Corr
0.71	TOVIX	American Beacon Tocq	Pair Corr
0.73	PRJDX	Pgim Jennison Global	Pair Corr
0.7	JGSRX	John Hancock Global	Pair Corr
0.76	DURPX	Us High Relative	Pair Corr
0.76	LAAFX	Lord Abbett Affiliated	Pair Corr
0.77	MRIEX	Meridian Equity Income	Pair Corr

Moving against Clarkston Mutual Fund

0.45	NXJ	Nuveen New Jersey	Pair Corr
0.34	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	TEPIX	VCSTX	BSTSX	ISTIX	RYCFX	USTCX
TEPIX		0.91	0.84	0.67	0.43	0.72	TEPIX
VCSTX	0.91		0.77	0.58	0.23	0.49	VCSTX
BSTSX	0.84	0.77		0.89	0.69	0.82	BSTSX
ISTIX	0.67	0.58	0.89		0.78	0.79	ISTIX
RYCFX	0.43	0.23	0.69	0.78		0.79	RYCFX
USTCX	0.72	0.49	0.82	0.79	0.79		USTCX
	TEPIX	VCSTX	BSTSX	ISTIX	RYCFX	USTCX

Risk-Adjusted Indicators

There is a big difference between Clarkston Mutual Fund performing well and Clarkston Partners 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 Clarkston Partners' 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
TEPIX	1.66	(0.17)	0.00	(0.05)	0.00	0.00	2.39	(3.98)	11.00
VCSTX	1.20	(0.13)	0.00	(0.07)	0.00	0.00	2.16	(3.24)	6.94
BSTSX	1.21	(0.03)	(0.02)	0.02	1.75	(1.11)	2.23	(2.98)	9.70
ISTIX	1.41	0.17	0.09	0.21	1.65	(1.47)	2.92	(3.27)	18.70
RYCFX	1.41	0.53	0.42	2.81	0.49	(1.72)	2.72	(1.50)	29.11
USTCX	1.08	(0.03)	(0.03)	0.03	1.54	(0.99)	2.13	(2.42)	10.82

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