The Chesapeake Correlations

Mutual Funds . USA . 
Fund . The Chesapeake Growth
CHCGX Fund  USD 53.28  0.27  0.50%   
The current 90-days correlation between Chesapeake Growth and Emerald Growth Fund is 0.85 (i.e., Very poor diversification). The correlation of The Chesapeake 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.

The Chesapeake Correlation With Market

Good diversification

The correlation between The Chesapeake Growth and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Chesapeake Growth 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 The Chesapeake Growth. 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 price.

Moving together with The Mutual Fund

  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97GFACX Growth FundPairCorr
  0.92GFAFX Growth FundPairCorr
  0.92AGTHX Growth FundPairCorr
  0.92CGFFX Growth FundPairCorr
  0.97CGFCX Growth FundPairCorr
  0.97CGFAX Growth FundPairCorr
  0.92CGFEX Growth FundPairCorr
  0.92RGAEX Growth FundPairCorr
  0.65LETRX Voya Russia FundPairCorr
  0.82KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.85KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.83SMPSX Semiconductor UltrasectorPairCorr
  0.86LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.83LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.83KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.82KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.83KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.83WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.73LEOIX Lazard Enhanced OppoPairCorr
  0.89VEIPX Vanguard Equity IncomePairCorr
  0.95FCYIX Industrials PortfolioPairCorr
  0.84MSVVX Mesirow Financial SmallPairCorr
  0.69VMIAX Vanguard Materials IndexPairCorr
  0.95VBIAX Vanguard Balanced IndexPairCorr
  0.67VTHRX Vanguard Target RetiPairCorr
  0.97USPRX Sp 500 IndexPairCorr
  0.92CLXRX Columbia Large CapPairCorr
  0.89FEQIX Fidelity Equity IncomePairCorr
  0.61EOD Allspring Global DividendPairCorr
  0.83DMA Destra Multi AlternativePairCorr
  0.77FFRHX Fidelity Advisor FloatingPairCorr
  0.98VIGAX Vanguard Growth IndexPairCorr
  0.91FAGIX Fidelity Capital IncomePairCorr
  0.88ATAGX Anchor Risk ManagedPairCorr
  0.83VSMVX Vanguard Sp SmallPairCorr
  0.66RRTMX T Rowe PricePairCorr
  0.75RIDAX Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Chesapeake 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 The Chesapeake'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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