Champlain Mid Correlations

CIPMX Fund

USD 20.15 0.21 1.03%

The current 90-days correlation between Champlain Mid Cap and Delaware Small Cap is -0.11 (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

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 various price indices.

Moving together with Champlain Mutual Fund

0.67	CIPNX	Champlain Small	Pair Corr
0.8	PAMCX	T Rowe Price	Pair Corr
0.69	RRMGX	T Rowe Price	Pair Corr
0.61	PCBIX	Midcap Fund Institutional	Pair Corr
0.81	PEMGX	Midcap Fund Class	Pair Corr
0.81	PMBCX	Midcap Fund Class	Pair Corr
0.8	TRQZX	T Rowe Price	Pair Corr
0.7	RPMGX	T Rowe Price	Pair Corr
0.77	TRUZX	T Rowe Price	Pair Corr
0.73	JGRCX	Janus Enterprise	Pair Corr
0.73	CII	Blackrock Enhanced	Pair Corr
0.64	ETV	Eaton Vance Tax	Pair Corr
0.78	CLM	Cornerstone Strategic	Pair Corr
0.82	CRF	Cornerstone Total Return	Pair Corr
0.76	USA	Liberty All Star	Pair Corr
0.64	NFJ	Virtus Dividend Interest	Pair Corr
0.67	WSTCX	Ivy Science And	Pair Corr
0.69	GTAAX	Power Global Tactical	Pair Corr
0.7	EAAAX	Enterprise Mergers And	Pair Corr
0.8	SMDRX	Hartford Schroders	Pair Corr
0.62	SCURX	Hartford Schroders Small	Pair Corr
0.71	USSBX	Short Term Bond	Pair Corr
0.73	VWEHX	Vanguard High Yield	Pair Corr
0.67	CVCFX	Pioneer Disciplined Value	Pair Corr
0.68	JLMRX	Lifestyle Ii Moderate	Pair Corr
0.83	DGSIX	Global Allocation 6040	Pair Corr
0.79	TOECX	Mid Cap Growth	Pair Corr
0.83	SSIFX	Sextant International	Pair Corr
0.69	RPSIX	Spectrum Income	Pair Corr
0.67	RCLVX	Conservative Strategy	Pair Corr
0.84	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Champlain Mutual Fund

0.51

IFN

India Closed

Pair Corr

Related Correlations Analysis

	ARTMX	APHMX	DEVLX	SGRHX	SGRKX	EMGYX	SCSCX	JMCVX	MRGAX	DEVIX
ARTMX		1.0	0.94	0.9	0.9	0.0	0.87	0.97	0.9	0.94	ARTMX
APHMX	1.0		0.94	0.89	0.89	0.0	0.88	0.97	0.9	0.94	APHMX
DEVLX	0.94	0.94		0.96	0.97	0.0	0.86	0.96	0.96	1.0	DEVLX
SGRHX	0.9	0.89	0.96		1.0	0.0	0.86	0.88	0.97	0.96	SGRHX
SGRKX	0.9	0.89	0.97	1.0		0.0	0.84	0.89	0.97	0.96	SGRKX
EMGYX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EMGYX
SCSCX	0.87	0.88	0.86	0.86	0.84	0.0		0.87	0.87	0.86	SCSCX
JMCVX	0.97	0.97	0.96	0.88	0.89	0.0	0.87		0.9	0.96	JMCVX
MRGAX	0.9	0.9	0.96	0.97	0.97	0.0	0.87	0.9		0.96	MRGAX
DEVIX	0.94	0.94	1.0	0.96	0.96	0.0	0.86	0.96	0.96		DEVIX
	ARTMX	APHMX	DEVLX	SGRHX	SGRKX	EMGYX	SCSCX	JMCVX	MRGAX	DEVIX

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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

APHMX	+ 1.0	ARTMX
DEVIX	+ 1.0	DEVLX
SGRKX	+ 1.0	SGRHX
JMCVX	+ 0.97	ARTMX
JMCVX	+ 0.97	APHMX
SGRKX	+ 0.97	DEVLX

High negative correlations

DEVIX	- 0.0	EMGYX
MRGAX	- 0.0	EMGYX
JMCVX	- 0.0	EMGYX
SCSCX	- 0.0	EMGYX
EMGYX	- 0.0	SGRKX
EMGYX	- 0.0	SGRHX

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
ARTMX	1.19	0.38	0.32	(2.23)	0.56	(1.71)	1.45	(1.55)	26.20
APHMX	1.06	0.28	0.22	(3.29)	0.65	(1.49)	1.45	(1.57)	20.18
DEVLX	0.95	0.38	0.32	(0.76)	0.34	(1.22)	2.15	(1.27)	15.03
SGRHX	1.17	0.32	0.16	(1.61)	0.90	(1.26)	1.65	(2.22)	27.31
SGRKX	1.44	0.52	0.29	(1.30)	0.69	(1.58)	1.64	(2.24)	38.60
EMGYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCSCX	0.56	0.02	(0.04)	0.22	0.75	(0.54)	1.28	(1.44)	3.50
JMCVX	0.77	0.27	0.21	(0.91)	0.37	(0.90)	1.72	(1.13)	10.77
MRGAX	0.81	0.25	0.20	(63.36)	0.51	(0.96)	1.20	(1.39)	16.85
DEVIX	0.92	0.35	0.29	(0.75)	0.38	(1.18)	2.17	(1.26)	13.65

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