Cambiar International Correlations

CAMIX Fund

USD 32.49 0.29 0.90%

The current 90-days correlation between Cambiar International and Zacks Dividend Fund is 0.68 (i.e., Poor diversification). The correlation of Cambiar International 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.

Cambiar International Correlation With Market

Poor diversification

The correlation between Cambiar International Equity and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambiar International Equity 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 Cambiar International Equity. 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 gross domestic product.

Moving together with Cambiar Mutual Fund

0.78	CAMYX	Cambiar International	Pair Corr
0.65	CAMUX	Cambiar Smid	Pair Corr
0.63	CAMOX	Cambiar Opportunity	Pair Corr
0.69	CAMMX	Cambiar Smid	Pair Corr
0.7	VTIAX	Vanguard Total Inter	Pair Corr
0.7	VGTSX	Vanguard Total Inter	Pair Corr
0.7	VTSNX	Vanguard Total Inter	Pair Corr
0.7	VTPSX	Vanguard Total Inter	Pair Corr
0.68	VTISX	Vanguard Total Inter	Pair Corr
0.68	VTMGX	Vanguard Developed	Pair Corr
0.71	VDVIX	Vanguard Developed	Pair Corr
0.68	VTMNX	Vanguard Developed	Pair Corr
0.68	VDIPX	Vanguard Developed	Pair Corr
0.73	FSPSX	Fidelity International	Pair Corr
0.77	LIRIX	Blackrock Lifepath Idx	Pair Corr
0.67	VTWNX	Vanguard Target Reti	Pair Corr
0.76	FPACX	Fpa Crescent	Pair Corr
0.63	SMCIX	Sp Smallcap Index	Pair Corr
0.7	BIGPX	Blackrock Gwth Ptf	Pair Corr
0.61	FNKLX	Fidelity Series Equity	Pair Corr
0.72	FLAPX	Fidelity Flex Mid	Pair Corr
0.8	LIPKX	Blackrock Lifepath Idx	Pair Corr

Related Correlations Analysis

	ZDIVX	ARHVX	TIVFX	KMDVX	CPEIX	MELIX	CLIFX	MSAQX	SGOAX	ASMOX
ZDIVX		0.66	0.36	0.82	-0.29	0.23	0.84	-0.5	0.81	0.13	ZDIVX
ARHVX	0.66		0.53	0.69	0.2	0.29	0.69	-0.19	0.95	0.4	ARHVX
TIVFX	0.36	0.53		0.49	0.16	0.32	0.1	0.17	0.41	0.63	TIVFX
KMDVX	0.82	0.69	0.49		0.02	0.27	0.61	-0.01	0.77	0.5	KMDVX
CPEIX	-0.29	0.2	0.16	0.02		0.3	-0.32	0.54	0.0	0.44	CPEIX
MELIX	0.23	0.29	0.32	0.27	0.3		0.16	0.05	0.25	0.24	MELIX
CLIFX	0.84	0.69	0.1	0.61	-0.32	0.16		-0.64	0.86	-0.1	CLIFX
MSAQX	-0.5	-0.19	0.17	-0.01	0.54	0.05	-0.64		-0.36	0.55	MSAQX
SGOAX	0.81	0.95	0.41	0.77	0.0	0.25	0.86	-0.36		0.27	SGOAX
ASMOX	0.13	0.4	0.63	0.5	0.44	0.24	-0.1	0.55	0.27		ASMOX
	ZDIVX	ARHVX	TIVFX	KMDVX	CPEIX	MELIX	CLIFX	MSAQX	SGOAX	ASMOX

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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

SGOAX	+ 0.95	ARHVX
SGOAX	+ 0.86	CLIFX
CLIFX	+ 0.84	ZDIVX
KMDVX	+ 0.82	ZDIVX
SGOAX	+ 0.81	ZDIVX
SGOAX	+ 0.77	KMDVX

High negative correlations

MSAQX	- 0.64	CLIFX
MSAQX	- 0.5	ZDIVX
SGOAX	- 0.36	MSAQX
CLIFX	- 0.32	CPEIX
CPEIX	- 0.29	ZDIVX
MSAQX	- 0.19	ARHVX

Risk-Adjusted Indicators

There is a big difference between Cambiar Mutual Fund performing well and Cambiar International 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 Cambiar International'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
ZDIVX	0.49	(0.01)	(0.05)	0.05	0.49	(0.59)	1.14	(0.98)	2.40
ARHVX	0.47	0.00	(0.08)	0.07	0.66	(0.44)	0.98	(0.97)	2.59
TIVFX	0.89	(0.04)	(0.05)	0.01	1.10	(1.02)	1.60	(1.72)	4.86
KMDVX	0.64	(0.05)	(0.06)	0.01	0.87	(0.63)	1.55	(1.29)	3.76
CPEIX	1.24	(0.36)	0.00	(0.20)	0.00	0.00	1.99	(3.01)	16.28
MELIX	0.60	(0.12)	0.00	(0.14)	0.00	0.00	1.03	(1.35)	3.79
CLIFX	0.63	0.06	0.00	(3.10)	0.66	(0.79)	1.51	(1.17)	3.22
MSAQX	0.79	(0.31)	0.00	(0.25)	0.00	0.00	1.36	(1.70)	6.33
SGOAX	0.48	0.01	(0.06)	0.23	0.66	(0.45)	1.01	(1.00)	2.58
ASMOX	1.46	(0.26)	0.00	(0.11)	0.00	0.00	2.16	(3.04)	8.03

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