Champlain Mid Correlations

CIPIX Fund

USD 20.38 0.16 0.78%

The current 90-days correlation between Champlain Mid Cap and Janus Overseas Fund is -0.04 (i.e., Good diversification). The correlation of Champlain Mid 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.

Champlain Mid Correlation With Market

Poor diversification

The correlation between Champlain Mid Cap and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champlain Mid Cap 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 Champlain Mid Cap. 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 gross domestic product.

Moving together with Champlain Mutual Fund

0.97	CIPMX	Champlain Mid Cap	Pair Corr
0.7	CIPNX	Champlain Small	Pair Corr
0.69	CIPSX	Champlain Small Pany	Pair Corr
0.88	PAMCX	T Rowe Price	Pair Corr
0.71	RRMGX	T Rowe Price	Pair Corr
0.88	TRQZX	T Rowe Price	Pair Corr
0.84	PEMGX	Midcap Fund Class	Pair Corr
0.82	PMBCX	Midcap Fund Class	Pair Corr
0.68	PRJIX	T Rowe Price	Pair Corr
0.87	TRUZX	T Rowe Price	Pair Corr
0.72	RPMGX	T Rowe Price	Pair Corr
0.64	JAENX	Janus Enterprise	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VTSMX	Vanguard Total Stock	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.72	VTIAX	Vanguard Total Inter	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.93	GCEYX	Ab Global E	Pair Corr
0.67	HHHYX	Hartford Schroders	Pair Corr
0.74	FFAMX	Fidelity Asset Manager	Pair Corr
0.67	AMEIX	Equity Growth	Pair Corr
0.85	FNGRX	Franklin International	Pair Corr
0.91	DDZRX	Delaware Value	Pair Corr
0.78	BRLVX	American Beacon Bridgeway	Pair Corr
0.93	RWBEX	Capital World Growth	Pair Corr
0.85	RNEBX	New World Fund	Pair Corr
0.84	FCGTX	American Funds 2040	Pair Corr
0.71	CMUAX	Columbia Mid Cap	Pair Corr

Related Correlations Analysis

	JCNRX	DVLRX	SGRKX	JMVAX	JDPRX	JDPNX	JDIAX	SENCX	JDIRX
JCNRX		0.34	0.45	0.31	0.31	0.41	0.28	0.62	0.33	JCNRX
DVLRX	0.34		0.88	0.9	0.9	0.96	0.9	0.6	0.91	DVLRX
SGRKX	0.45	0.88		0.62	0.61	0.81	0.67	0.69	0.69	SGRKX
JMVAX	0.31	0.9	0.62		1.0	0.91	0.95	0.48	0.96	JMVAX
JDPRX	0.31	0.9	0.61	1.0		0.91	0.95	0.48	0.96	JDPRX
JDPNX	0.41	0.96	0.81	0.91	0.91		0.9	0.63	0.91	JDPNX
JDIAX	0.28	0.9	0.67	0.95	0.95	0.9		0.6	0.99	JDIAX
SENCX	0.62	0.6	0.69	0.48	0.48	0.63	0.6		0.59	SENCX
JDIRX	0.33	0.91	0.69	0.96	0.96	0.91	0.99	0.59		JDIRX
	JCNRX	DVLRX	SGRKX	JMVAX	JDPRX	JDPNX	JDIAX	SENCX	JDIRX

Risk-Adjusted Indicators

There is a big difference between Champlain Mutual Fund performing well and Champlain Mid 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 Champlain Mid'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
JCNRX	0.95	(0.02)	0.00	0.05	1.10	(1.06)	1.91	(2.06)	5.23
DVLRX	0.98	0.39	0.49	0.50	0.00	(1.34)	2.27	(1.27)	15.86
SGRKX	1.43	0.46	0.31	0.74	0.73	(1.60)	1.64	(2.22)	38.89
JMVAX	0.61	0.12	0.13	0.21	0.49	(0.72)	1.79	(1.18)	3.75
JDPRX	0.60	0.12	0.13	0.21	0.46	(0.70)	1.64	(1.17)	3.67
JDPNX	0.77	0.28	0.32	0.46	0.00	(0.95)	1.81	(1.08)	11.40
JDIAX	0.52	0.15	0.13	(22.89)	0.38	(0.60)	1.27	(1.00)	3.21
SENCX	0.55	0.02	(0.08)	(0.21)	0.73	(0.55)	1.02	(1.34)	3.50
JDIRX	0.52	0.12	0.14	0.30	0.35	(0.61)	1.29	(1.00)	3.22

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Champlain Mid Correlations

Champlain Mid Correlation With Market

Poor diversification

Moving together with Champlain Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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