Champlain Mid Correlations

CIPMX Fund

USD 20.38 0.06 0.29%

The current 90-days correlation between Champlain Mid Cap and Artisan Mid Cap is 0.09 (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

Significant diversification

The correlation between Champlain Mid Cap and DJI is 0.08 (i.e., Significant 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 board of governors.

Moving together with Champlain Mutual Fund

1.0	CIPIX	Champlain Mid Cap	Pair Corr
0.78	PAMCX	T Rowe Price	Pair Corr
0.62	RRMGX	T Rowe Price	Pair Corr
0.77	PEMGX	Midcap Fund Class	Pair Corr
0.91	PMBCX	Midcap Fund Class	Pair Corr
0.91	TRQZX	T Rowe Price	Pair Corr
0.76	RPMGX	T Rowe Price	Pair Corr
0.84	JGRCX	Janus Enterprise	Pair Corr
0.66	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.66	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.88	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.84	MIDSX	Midas Fund Midas	Pair Corr
0.71	OCMAX	Ocm Mutual Fund	Pair Corr
0.73	FGADX	Franklin Gold Precious	Pair Corr
0.78	CMMYX	Columbia Amt Free	Pair Corr
0.61	VWENX	Vanguard Wellington	Pair Corr
0.81	SMVTX	Ridgeworth Ceredex Mid	Pair Corr
0.93	TILWX	Tiaa Cref Large	Pair Corr
0.79	RYHOX	Nasdaq 100 Fund	Pair Corr
0.95	NMIEX	Active M International	Pair Corr
0.7	LAFAX	Columbia Acorn Inter	Pair Corr
0.73	GGPPX	Goldman Sachs Growth	Pair Corr
0.8	CITFX	American High Income	Pair Corr
0.89	ARDMX	One Choice 2040	Pair Corr
0.9	NINAX	Neuberger Berman Int	Pair Corr
0.89	FVWSX	Fidelity Series Oppo	Pair Corr
0.67	FSAGX	Gold Portfolio Gold	Pair Corr
0.72	FTCOX	Franklin Efolio Allo	Pair Corr
0.69	FMRAX	Fidelity Managed Ret	Pair Corr
0.93	WRGCX	Ivy Small Cap	Pair Corr

Moving against Champlain Mutual Fund

0.75

TEAF

Ecofin Sustainable And

Pair Corr

Related Correlations Analysis

	ARTMX	APHMX	DEVLX	SGRHX	SGRKX	SCSCX	JMCVX	MRGAX	DEVIX
ARTMX		1.0	0.94	0.89	0.89	0.84	0.97	0.87	0.94	ARTMX
APHMX	1.0		0.94	0.89	0.89	0.85	0.97	0.87	0.94	APHMX
DEVLX	0.94	0.94		0.97	0.97	0.83	0.95	0.94	1.0	DEVLX
SGRHX	0.89	0.89	0.97		1.0	0.82	0.88	0.96	0.96	SGRHX
SGRKX	0.89	0.89	0.97	1.0		0.8	0.88	0.96	0.97	SGRKX
SCSCX	0.84	0.85	0.83	0.82	0.8		0.84	0.88	0.83	SCSCX
JMCVX	0.97	0.97	0.95	0.88	0.88	0.84		0.86	0.95	JMCVX
MRGAX	0.87	0.87	0.94	0.96	0.96	0.88	0.86		0.94	MRGAX
DEVIX	0.94	0.94	1.0	0.96	0.97	0.83	0.95	0.94		DEVIX
	ARTMX	APHMX	DEVLX	SGRHX	SGRKX	SCSCX	JMCVX	MRGAX	DEVIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTMX	1.21	0.26	0.32	0.25	0.57	(1.66)	1.51	(1.62)	26.20
APHMX	1.09	0.18	0.22	0.21	0.65	(1.45)	1.50	(1.63)	20.18
DEVLX	0.89	0.30	0.34	0.47	0.08	(1.13)	2.11	(0.92)	14.55
SGRHX	1.23	0.31	0.21	0.54	0.79	(1.35)	1.65	(2.22)	27.14
SGRKX	1.49	0.50	0.34	0.88	0.61	(1.66)	1.64	(2.22)	38.42
SCSCX	0.53	0.04	(0.04)	0.32	0.62	(0.55)	1.28	(1.24)	3.00
JMCVX	0.73	0.21	0.20	0.43	0.31	(0.82)	1.51	(1.10)	10.50
MRGAX	0.78	0.28	0.24	10.78	0.31	(0.95)	1.20	(1.12)	15.65
DEVIX	0.86	0.27	0.31	0.42	0.20	(1.09)	2.14	(0.92)	13.17

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