Champlain Mid Correlations

CIPIX Fund

USD 21.40 0.35 1.66%

The current 90-days correlation between Champlain Mid Cap and Janus Trarian Fund is 0.22 (i.e., Modest 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

Average diversification

The correlation between Champlain Mid Cap and DJI is 0.13 (i.e., Average 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

1.0	CIPMX	Champlain Mid Cap	Pair Corr
0.87	PAMCX	T Rowe Price	Pair Corr
0.61	RRMGX	T Rowe Price	Pair Corr
0.85	PEMGX	Midcap Fund Class	Pair Corr
0.86	PMBCX	Midcap Fund Class	Pair Corr
0.87	TRQZX	T Rowe Price	Pair Corr
0.62	RPMGX	T Rowe Price	Pair Corr
0.85	TRUZX	T Rowe Price	Pair Corr
0.78	JGRCX	Janus Enterprise	Pair Corr
0.77	VTIAX	Vanguard Total Inter	Pair Corr
0.91	NSMCX	Nuveen Nwq Smallmid	Pair Corr
0.99	MTCCX	Mfs Technology	Pair Corr
0.81	PQTNX	Pimco Trends Managed	Pair Corr
0.61	CUSDX	Six Circles Ultra	Pair Corr
0.67	NMAVX	Nuance Mid Cap	Pair Corr
0.89	PUFCX	Prudential Financial	Pair Corr
0.75	NWHGX	Nationwide Bailard Nitive	Pair Corr
0.72	WWICX	Westwood Income Oppo	Pair Corr
0.84	FNKCX	Frank Value Fund	Pair Corr
0.71	DTEYX	Dreyfus Technology Growth	Pair Corr
0.85	POICX	Virtus Tactical Allo	Pair Corr

Moving against Champlain Mutual Fund

0.57

CIPTX

Advisors Inner Circle

Pair Corr

Related Correlations Analysis

	JCNRX	DVLRX	SGRKX	JMVAX	JDPRX	JDPNX	JDIAX	SENCX	JDIRX
JCNRX		-0.06	0.01	-0.04	-0.04	-0.04	-0.01	0.13	0.08	JCNRX
DVLRX	-0.06		0.96	0.93	0.93	0.93	0.81	0.79	0.84	DVLRX
SGRKX	0.01	0.96		0.84	0.84	0.84	0.77	0.75	0.77	SGRKX
JMVAX	-0.04	0.93	0.84		1.0	1.0	0.84	0.8	0.86	JMVAX
JDPRX	-0.04	0.93	0.84	1.0		1.0	0.84	0.8	0.86	JDPRX
JDPNX	-0.04	0.93	0.84	1.0	1.0		0.84	0.8	0.86	JDPNX
JDIAX	-0.01	0.81	0.77	0.84	0.84	0.84		0.89	0.94	JDIAX
SENCX	0.13	0.79	0.75	0.8	0.8	0.8	0.89		0.84	SENCX
JDIRX	0.08	0.84	0.77	0.86	0.86	0.86	0.94	0.84		JDIRX
	JCNRX	DVLRX	SGRKX	JMVAX	JDPRX	JDPNX	JDIAX	SENCX	JDIRX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JDPRX	+ 1.0	JMVAX
JDPNX	+ 1.0	JMVAX
JDPNX	+ 1.0	JDPRX
SGRKX	+ 0.96	DVLRX
JDIRX	+ 0.94	JDIAX
JMVAX	+ 0.93	DVLRX

High negative correlations

DVLRX	- 0.06	JCNRX
JDPNX	- 0.04	JCNRX
JDPRX	- 0.04	JCNRX
JMVAX	- 0.04	JCNRX
JDIAX	- 0.01	JCNRX

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	0.96	(0.11)	0.00	(0.01)	0.00	0.00	1.80	(2.06)	5.64
DVLRX	0.97	0.22	0.20	0.29	0.69	(1.16)	2.12	(1.58)	15.37
SGRKX	1.48	0.46	0.31	0.63	0.76	(1.75)	1.88	(2.28)	38.42
JMVAX	0.76	0.16	0.15	0.30	0.49	(0.89)	1.52	(1.15)	10.61
JDPRX	0.77	0.16	0.15	0.30	0.49	(0.87)	1.52	(1.18)	10.49
JDPNX	0.77	0.16	0.15	0.30	0.49	(0.88)	1.54	(1.12)	10.63
JDIAX	0.50	0.07	0.01	0.47	0.52	(0.58)	1.09	(0.86)	2.97
SENCX	0.59	0.05	(0.02)	0.44	0.77	(0.60)	1.29	(1.45)	3.20
JDIRX	0.49	0.03	0.00	0.13	0.50	(0.59)	1.08	(0.84)	2.99

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