Clarkston Founders Correlations

CIMDX Fund

USD 16.49 0.14 0.86%

The current 90-days correlation between Clarkston Founders and Clarkston Founders is -0.15 (i.e., Good diversification). The correlation of Clarkston Founders 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 Founders Correlation With Market

Very weak diversification

The correlation between Clarkston Founders Fund and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarkston Founders 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 Founders 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 unemployment.

Moving together with Clarkston Mutual Fund

0.88	CFMDX	Clarkston Founders	Pair Corr
0.92	CFSMX	Clarkston Partners	Pair Corr
0.98	CILGX	Clarkston Fund Insti	Pair Corr
0.92	CISMX	Clarkston Partners	Pair Corr
0.64	FLPKX	Fidelity Low Priced	Pair Corr
0.9	VMVAX	Vanguard Mid Cap	Pair Corr
0.87	JVMAX	John Hancock Disciplined	Pair Corr
0.87	JVMIX	John Hancock Disciplined	Pair Corr
0.9	VMVIX	Vanguard Mid Cap	Pair Corr
0.89	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.84	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.84	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.89	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.78	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.77	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.79	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.79	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.64	LETRX	Voya Russia Fund	Pair Corr
0.78	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.75	SMPSX	Semiconductor Ultrasector	Pair Corr
0.79	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.78	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.83	CSDGX	Copeland Smid Cap	Pair Corr
0.86	CSQ	Calamos Strategic Total	Pair Corr
0.86	FMILX	Fidelity New Millennium	Pair Corr
0.79	DMA	Destra Multi Alternative	Pair Corr
0.71	VTHRX	Vanguard Target Reti	Pair Corr
0.8	FSHOX	Construction And Housing	Pair Corr
0.66	IGOAX	Rational Inflation Growth	Pair Corr
0.76	FSUTX	Utilities Portfolio	Pair Corr
0.84	FFIDX	Fidelity Fund Fidelity	Pair Corr
0.85	FAGIX	Fidelity Capital Income	Pair Corr
0.74	ATAGX	Anchor Risk Managed	Pair Corr

Related Correlations Analysis

	CFMDX	CFSMX	CISMX	VTHRX	VTMFX	FFIDX	WBCIX	DPG	VWENX	WAEXX
CFMDX		0.87	0.87	0.63	0.81	0.87	0.8	0.64	0.79	0.7	CFMDX
CFSMX	0.87		1.0	0.6	0.87	0.85	0.9	0.69	0.85	0.76	CFSMX
CISMX	0.87	1.0		0.6	0.87	0.85	0.89	0.69	0.85	0.76	CISMX
VTHRX	0.63	0.6	0.6		0.84	0.73	0.78	0.61	0.84	0.52	VTHRX
VTMFX	0.81	0.87	0.87	0.84		0.91	0.96	0.8	0.99	0.73	VTMFX
FFIDX	0.87	0.85	0.85	0.73	0.91		0.87	0.65	0.91	0.77	FFIDX
WBCIX	0.8	0.9	0.89	0.78	0.96	0.87		0.78	0.96	0.65	WBCIX
DPG	0.64	0.69	0.69	0.61	0.8	0.65	0.78		0.73	0.57	DPG
VWENX	0.79	0.85	0.85	0.84	0.99	0.91	0.96	0.73		0.69	VWENX
WAEXX	0.7	0.76	0.76	0.52	0.73	0.77	0.65	0.57	0.69		WAEXX
	CFMDX	CFSMX	CISMX	VTHRX	VTMFX	FFIDX	WBCIX	DPG	VWENX	WAEXX

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Risk-Adjusted Indicators

There is a big difference between Clarkston Mutual Fund performing well and Clarkston Founders 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 Founders' 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
CFMDX	0.46	0.05	(0.12)	2.94	0.47	(0.54)	1.00	(0.88)	2.45
CFSMX	0.53	0.05	(0.01)	0.22	0.47	(0.57)	1.28	(0.87)	2.63
CISMX	0.53	0.05	(0.01)	0.23	0.48	(0.58)	1.28	(0.88)	2.66
VTHRX	0.35	(0.03)	(0.19)	0.06	0.41	(0.36)	0.78	(0.70)	2.10
VTMFX	0.28	0.00	(0.16)	0.12	0.29	(0.29)	0.63	(0.75)	1.76
FFIDX	0.65	0.06	(0.06)	(2.66)	0.96	(0.60)	1.29	(1.95)	4.38
WBCIX	0.70	0.02	0.03	0.14	0.72	(0.80)	1.54	(1.41)	4.66
DPG	0.68	0.19	0.10	0.97	0.68	(0.78)	1.50	(1.29)	4.17
VWENX	0.38	(0.02)	(0.13)	0.08	0.48	(0.39)	0.80	(0.83)	2.49
WAEXX	0.03	0.01	0.00	(0.37)	0.00	0.00	0.00	0.00	1.01

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Clarkston Founders Correlations

Clarkston Founders Correlation With Market

Very weak diversification

Moving together with Clarkston Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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