Champlain Small Correlations

CIPNX Fund

USD 17.92 0.08 0.44%

The current 90-days correlation between Champlain Small and Federated Mdt Large is -0.14 (i.e., Good 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 0.8 (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 inflation.

Moving together with Champlain Mutual Fund

0.73	CIPMX	Champlain Mid Cap	Pair Corr
0.73	CIPIX	Champlain Mid Cap	Pair Corr
1.0	CIPSX	Champlain Small Pany	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
0.9	VEXPX	Vanguard Explorer	Pair Corr
0.9	VEXRX	Vanguard Explorer	Pair Corr
0.78	JGMIX	Janus Triton	Pair Corr
0.78	JGMRX	Janus Triton	Pair Corr
0.75	JGMAX	Janus Triton	Pair Corr
0.76	JGMCX	Janus Triton	Pair Corr
0.79	JGMNX	Janus Triton	Pair Corr
0.68	ISKIX	Voya Index Solution	Pair Corr
0.7	SIICX	Alphacentric Strategic	Pair Corr
0.62	CMUAX	Columbia Mid Cap	Pair Corr
0.65	RNEBX	New World Fund	Pair Corr
0.66	ACSCX	Small Cap Value	Pair Corr
0.61	GILDX	Guggenheim Limited	Pair Corr
0.71	SRTJX	Sierra Tactical Risk	Pair Corr
0.64	AAAMX	American Century One	Pair Corr
0.72	FMSHX	Franklin Mutual Shares	Pair Corr
0.7	RYSCX	Electronics Fund Class	Pair Corr
0.73	JDNAX	Janus Growth And	Pair Corr
0.72	BRLVX	American Beacon Bridgeway	Pair Corr
0.75	GCEYX	Ab Global E	Pair Corr
0.7	FQIFX	Fidelity Freedom Index	Pair Corr

Related Correlations Analysis

	ECAT	BDJ	TDMTX	TEDMX	FSTLX	FSTKX	CLCRX	PSGAX	PSGCX	FSTRX
ECAT		0.68	0.56	0.57	0.63	0.61	0.67	-0.47	-0.46	0.61	ECAT
BDJ	0.68		0.85	0.86	0.96	0.96	0.6	-0.85	-0.85	0.96	BDJ
TDMTX	0.56	0.85		1.0	0.79	0.8	0.25	-0.65	-0.64	0.8	TDMTX
TEDMX	0.57	0.86	1.0		0.8	0.82	0.26	-0.67	-0.66	0.82	TEDMX
FSTLX	0.63	0.96	0.79	0.8		0.98	0.6	-0.86	-0.87	0.98	FSTLX
FSTKX	0.61	0.96	0.8	0.82	0.98		0.55	-0.87	-0.9	1.0	FSTKX
CLCRX	0.67	0.6	0.25	0.26	0.6	0.55		-0.47	-0.47	0.55	CLCRX
PSGAX	-0.47	-0.85	-0.65	-0.67	-0.86	-0.87	-0.47		0.96	-0.87	PSGAX
PSGCX	-0.46	-0.85	-0.64	-0.66	-0.87	-0.9	-0.47	0.96		-0.9	PSGCX
FSTRX	0.61	0.96	0.8	0.82	0.98	1.0	0.55	-0.87	-0.9		FSTRX
	ECAT	BDJ	TDMTX	TEDMX	FSTLX	FSTKX	CLCRX	PSGAX	PSGCX	FSTRX

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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

TEDMX	+ 1.0	TDMTX
FSTRX	+ 1.0	FSTKX
FSTKX	+ 0.98	FSTLX
FSTRX	+ 0.98	FSTLX
FSTLX	+ 0.96	BDJ
FSTKX	+ 0.96	BDJ

High negative correlations

FSTRX	- 0.9	PSGCX
PSGCX	- 0.9	FSTKX
FSTRX	- 0.87	PSGAX
PSGAX	- 0.87	FSTKX
PSGCX	- 0.87	FSTLX
PSGAX	- 0.86	FSTLX

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
ECAT	0.64	(0.06)	0.00	(0.03)	0.00	0.00	1.28	(1.32)	4.16
BDJ	0.61	0.11	0.15	0.24	0.35	(0.80)	1.32	(0.93)	3.27
TDMTX	0.72	0.21	0.19	3.84	0.52	(0.77)	1.92	(1.17)	3.97
TEDMX	0.73	0.23	0.21	4.05	0.49	(0.80)	1.95	(1.18)	3.95
FSTLX	0.65	0.16	0.25	0.21	0.31	(0.82)	1.66	(1.06)	7.96
FSTKX	0.66	0.21	0.21	(2.55)	0.40	(0.80)	1.64	(1.08)	7.96
CLCRX	0.57	(0.03)	(0.05)	0.02	0.73	(0.60)	1.02	(1.26)	3.62
PSGAX	1.45	(0.61)	0.00	(1.00)	0.00	0.00	2.21	(1.99)	38.01
PSGCX	1.65	(0.83)	0.00	(0.36)	0.00	0.00	2.19	(1.67)	48.69
FSTRX	0.66	0.21	0.22	(2.58)	0.40	(0.80)	1.66	(1.12)	7.98

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