Advisors Inner Correlations

Mutual Funds . USA . 
Fund . Advisors Inner Circle
CIPTX Fund   12.48  0.22  1.79%   
The current 90-days correlation between Advisors Inner Circle and Champlain Mid Cap is 0.94 (i.e., Almost no diversification). The correlation of Advisors Inner 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.

Advisors Inner Correlation With Market

Poor diversification

The correlation between Advisors Inner Circle and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advisors Inner Circle 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 Advisors Inner Circle. 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 estimate.

Moving together with Advisors Mutual Fund

  0.95CIPMX Champlain Mid CapPairCorr
  0.84CIPNX Champlain SmallPairCorr
  0.95CIPIX Champlain Mid CapPairCorr
  0.84CIPSX Champlain Small PanyPairCorr
  0.88VIMAX Vanguard Mid CapPairCorr
  0.88VIMSX Vanguard Mid CapPairCorr
  0.88VMCPX Vanguard Mid CapPairCorr
  0.88VMCIX Vanguard Mid CapPairCorr
  0.9VEXAX Vanguard Extended MarketPairCorr
  0.9VEMPX Vanguard Extended MarketPairCorr
  0.85VIEIX Vanguard Extended MarketPairCorr
  0.9VSEMX Vanguard Extended MarketPairCorr
  0.9VEXMX Vanguard Extended MarketPairCorr
  0.85FSMAX Fidelity Extended MarketPairCorr
  0.78JPIVX Jpmorgan Intrepid ValuePairCorr
  0.87JILGX Multimanager LifestylePairCorr
  0.82DFMAX Davidson Multi CapPairCorr
  0.84HDPMX Hodges Fund RetailPairCorr
  0.78RICEX Investment Of AmericaPairCorr
  0.9NUESX Northern Quality EsgPairCorr
  0.81VFINX Vanguard 500 IndexPairCorr
  0.78RNGHX New Economy FundPairCorr
  0.89WWLAX Westwood Largecap ValuePairCorr
  0.82GAB Gabelli Equity TrustPairCorr
  0.85RFNBX American Funds FundaPairCorr
  0.85SCRYX Small Cap CorePairCorr
  0.87GSFTX Columbia Dividend IncomePairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.62PGAIX Pimco Global MultiPairCorr
  0.82TMFCX Touchstone Mid CapPairCorr
  0.79FINFX American Funds FundaPairCorr

Moving against Advisors Mutual Fund

  0.46PFHCX Pacific Funds SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Advisors Mutual Fund performing well and Advisors Inner 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 Advisors Inner'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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