Champlain Mid Correlations

Mutual Funds . USA . 
Fund . Champlain Mid Cap
CIPMX Fund  USD 25.57  0.52  2.08%   
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

Very poor diversification

The correlation between Champlain Mid Cap and DJI is 0.81 (i.e., Very 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 population.

Moving together with Champlain Mutual Fund

  0.91CIPNX Champlain SmallPairCorr
  1.0CIPIX Champlain Mid CapPairCorr
  0.86CIPSX Champlain Small PanyPairCorr
  0.93CIPTX Advisors Inner CirclePairCorr
  0.95PAMCX T Rowe PricePairCorr
  0.86RRMGX T Rowe PricePairCorr
  0.87TRQZX T Rowe PricePairCorr
  0.87RPMGX T Rowe PricePairCorr
  0.93PRJIX T Rowe PricePairCorr
  0.97PRNHX T Rowe PricePairCorr
  0.93TRUZX T Rowe PricePairCorr
  0.95PCBIX Midcap Fund InstitutionalPairCorr
  0.89PEMGX Midcap Fund ClassPairCorr
  0.95PMBCX Midcap Fund ClassPairCorr
  0.9WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.9KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.9KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.9KMKCX Kinetics Market Oppo Steady GrowthPairCorr
  0.78SMPSX Semiconductor UltrasectorPairCorr
  0.9LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.9KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.9KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.9LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.89SCRYX Small Cap CorePairCorr
  0.93VIGAX Vanguard Growth IndexPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.83GAB Gabelli Equity TrustPairCorr
  0.8PAHHX T Rowe PricePairCorr
  0.63DPG Duff And PhelpsPairCorr
  0.93SMERX Invesco Small CapPairCorr
  0.87FBALX Fidelity BalancedPairCorr
  0.83LLPFX Longleaf PartnersPairCorr
  0.8RQECX Resq Dynamic AllocationPairCorr
  0.75FEMDX Franklin Emerging MarketPairCorr
  0.89LTFOX Lord Abbett AffiliatedPairCorr
  0.95VTSMX Vanguard Total StockPairCorr

Related Correlations Analysis

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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.

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