Champlain Mid Correlations

Mutual Funds . USA . 
Fund . Champlain Mid Cap
CIPMX Fund  USD 19.30  0.14  0.73%   
The current 90-days correlation between Champlain Mid Cap and Delaware Small Cap is 0.06 (i.e., Significant 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 0.78 (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 state.

Moving together with Champlain Mutual Fund

  0.72CIPNX Champlain SmallPairCorr
  1.0CIPIX Champlain Mid CapPairCorr
  0.72CIPSX Champlain Small PanyPairCorr
  0.91PAMCX T Rowe PricePairCorr
  0.73RRMGX T Rowe PricePairCorr
  0.91TRQZX T Rowe PricePairCorr
  0.86PEMGX Midcap Fund ClassPairCorr
  0.88PMBCX Midcap Fund ClassPairCorr
  0.69PRJIX T Rowe PricePairCorr
  0.89TRUZX T Rowe PricePairCorr
  0.74RPMGX T Rowe PricePairCorr
  0.8JAENX Janus EnterprisePairCorr
  0.71VTSAX Vanguard Total StockPairCorr
  0.68VFIAX Vanguard 500 IndexPairCorr
  0.71VTSMX Vanguard Total StockPairCorr
  0.71VSTSX Vanguard Total StockPairCorr
  0.71VSMPX Vanguard Total StockPairCorr
  0.71VITSX Vanguard Total StockPairCorr
  0.73VTIAX Vanguard Total InterPairCorr
  0.69VFINX Vanguard 500 IndexPairCorr
  0.69VFFSX Vanguard 500 IndexPairCorr
  0.94GCEYX Ab Global EPairCorr
  0.67HHHYX Hartford SchrodersPairCorr
  0.78FFAMX Fidelity Asset ManagerPairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.83FNGRX Franklin InternationalPairCorr
  0.94DDZRX Delaware ValuePairCorr
  0.96CGFEX Growth FundPairCorr
  0.82BRLVX American Beacon BridgewayPairCorr
  0.95RWBEX Capital World GrowthPairCorr
  0.84RNEBX New World FundPairCorr
  0.83FCGTX American Funds 2040PairCorr
  0.76CMUAX Columbia Mid CapPairCorr
  0.77AMIDX Amana Developing WorldPairCorr

Related Correlations Analysis


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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