Champlain Small Correlations

CIPNX Fund

USD 25.82 0.36 1.41%

The current 90-days correlation between Champlain Small and Washington Mutual Investors is 0.8 (i.e., Very poor diversification). The correlation of Champlain Small 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 Small Correlation With Market

Very poor diversification

The correlation between Champlain Small and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champlain Small 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 Small. 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 board of governors.

Moving together with Champlain Mutual Fund

0.92	CIPMX	Champlain Mid Cap	Pair Corr
0.92	CIPIX	Champlain Mid Cap	Pair Corr
0.92	VSGAX	Vanguard Small Cap	Pair Corr
0.92	VSGIX	Vanguard Small Cap	Pair Corr
0.92	VISGX	Vanguard Small Cap	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.92	VEXRX	Vanguard Explorer	Pair Corr
0.9	JGMIX	Janus Triton	Pair Corr
0.9	JGMRX	Janus Triton	Pair Corr
0.9	JGMAX	Janus Triton	Pair Corr
0.9	JGMCX	Janus Triton	Pair Corr
0.9	JGMNX	Janus Triton	Pair Corr
0.83	VTSMX	Vanguard Total Stock	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr
0.81	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.89	BAC	Bank of America Aggressive Push	Pair Corr
0.75	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Champlain Mutual Fund

0.53	NHS	Neuberger Berman High	Pair Corr
0.33	PFHCX	Pacific Funds Small	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	WMFFX	BEXIX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
WMFFX		0.56	0.0	0.87	0.68	0.23	0.83	0.26	0.4	0.73	WMFFX
BEXIX	0.56		0.0	0.86	0.47	-0.46	0.66	-0.34	-0.1	0.73	BEXIX
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.87	0.86	0.0		0.69	-0.11	0.87	-0.02	0.19	0.79	MSTSX
LBHIX	0.68	0.47	0.0	0.69		0.15	0.72	0.26	0.09	0.5	LBHIX
VIASP	0.23	-0.46	0.0	-0.11	0.15		0.0	0.78	0.47	-0.13	VIASP
RRTLX	0.83	0.66	0.0	0.87	0.72	0.0		0.05	0.01	0.51	RRTLX
OSHDF	0.26	-0.34	0.0	-0.02	0.26	0.78	0.05		0.35	-0.08	OSHDF
70082LAB3	0.4	-0.1	0.0	0.19	0.09	0.47	0.01	0.35		0.34	70082LAB3
SITKF	0.73	0.73	0.0	0.79	0.5	-0.13	0.51	-0.08	0.34		SITKF
	WMFFX	BEXIX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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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

MSTSX	+ 0.87	WMFFX
RRTLX	+ 0.87	MSTSX
MSTSX	+ 0.86	BEXIX
RRTLX	+ 0.83	WMFFX
SITKF	+ 0.79	MSTSX
OSHDF	+ 0.78	VIASP

High negative correlations

VIASP	- 0.46	BEXIX
OSHDF	- 0.34	BEXIX
SITKF	- 0.13	VIASP
VIASP	- 0.11	MSTSX
70082LAB3	- 0.1	BEXIX
SITKF	- 0.08	OSHDF

Risk-Adjusted Indicators

There is a big difference between Champlain Mutual Fund performing well and Champlain Small 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 Small'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
WMFFX	0.51	(0.03)	(0.09)	0.08	0.58	(0.54)	1.00	(1.14)	3.33
BEXIX	0.74	(0.06)	(0.12)	0.00	0.92	(0.82)	1.65	(1.86)	4.96
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	20.22	0.00	(24.88)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.07	(0.04)	(0.12)	2.25	(1.07)	1.75	(1.69)	24.27
SITKF	5.58	1.06	0.14	3.03	5.02	(8.21)	14.29	(9.09)	32.64

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