Champlain Mid Correlations

CIPMX Fund

USD 20.00 0.03 0.15%

The current 90-days correlation between Champlain Mid Cap and Janus Trarian Fund is 0.31 (i.e., Weak 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

Very weak diversification

The correlation between Champlain Mid Cap and DJI is 0.41 (i.e., Very weak 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 industry.

Moving together with Champlain Mutual Fund

0.99	CIPNX	Champlain Small	Pair Corr
1.0	CIPIX	Champlain Mid Cap	Pair Corr
0.99	CIPSX	Champlain Small Pany	Pair Corr
0.78	PAMCX	T Rowe Price	Pair Corr
0.74	PEMGX	Midcap Fund Class	Pair Corr
0.77	PMBCX	Midcap Fund Class	Pair Corr

Moving against Champlain Mutual Fund

0.68	TRQZX	T Rowe Price	Pair Corr
0.68	TRUZX	T Rowe Price	Pair Corr
0.61	JGRCX	Janus Enterprise	Pair Corr
0.61	PARNX	Parnassus Fund Investor	Pair Corr
0.51	VFAIX	Vanguard Financials Index	Pair Corr
0.5	DBPIX	Deutsche Short Duration	Pair Corr
0.46	IHAYX	Hartford Balanced	Pair Corr
0.38	DOXGX	Dodge Cox Stock	Pair Corr
0.37	HFARX	Janus Henderson Strategic	Pair Corr
0.32	RNSIX	Rivernorthdoubleline	Pair Corr
0.31	NVG	Nuveen Amt Free	Pair Corr
0.67	MDRFX	Blackrock Mid Cap	Pair Corr
0.67	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.59	GBCIX	Gabelli Blue	Pair Corr
0.57	AGTFX	Morningstar Aggressive	Pair Corr

Related Correlations Analysis

	JCNRX	DVLRX	SGRKX	JMVAX	JDPRX	JDPNX	JDIAX	SENCX	JDIRX
JCNRX		0.21	0.4	-0.12	-0.12	-0.12	-0.07	0.35	-0.07	JCNRX
DVLRX	0.21		0.66	-0.24	-0.24	-0.24	-0.11	0.23	-0.11	DVLRX
SGRKX	0.4	0.66		-0.78	-0.78	-0.78	-0.57	-0.04	-0.57	SGRKX
JMVAX	-0.12	-0.24	-0.78		1.0	1.0	0.81	0.42	0.81	JMVAX
JDPRX	-0.12	-0.24	-0.78	1.0		1.0	0.81	0.42	0.81	JDPRX
JDPNX	-0.12	-0.24	-0.78	1.0	1.0		0.81	0.42	0.81	JDPNX
JDIAX	-0.07	-0.11	-0.57	0.81	0.81	0.81		0.67	1.0	JDIAX
SENCX	0.35	0.23	-0.04	0.42	0.42	0.42	0.67		0.68	SENCX
JDIRX	-0.07	-0.11	-0.57	0.81	0.81	0.81	1.0	0.68		JDIRX
	JCNRX	DVLRX	SGRKX	JMVAX	JDPRX	JDPNX	JDIAX	SENCX	JDIRX

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

JDPRX	+ 1.0	JMVAX
JDPNX	+ 1.0	JMVAX
JDPNX	+ 1.0	JDPRX
JDIRX	+ 1.0	JDIAX
JDIAX	+ 0.81	JMVAX
JDIRX	+ 0.81	JMVAX

High negative correlations

JDPNX	- 0.78	SGRKX
JDPRX	- 0.78	SGRKX
JMVAX	- 0.78	SGRKX
JDIRX	- 0.57	SGRKX
JDIAX	- 0.57	SGRKX
JDPNX	- 0.24	DVLRX

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
JCNRX	0.93	(0.13)	0.00	(0.04)	0.00	0.00	1.77	(2.06)	5.64
DVLRX	0.92	(0.22)	0.00	(0.09)	0.00	0.00	1.75	(2.13)	15.65
SGRKX	1.27	(0.43)	0.00	(0.30)	0.00	0.00	1.64	(2.35)	24.95
JMVAX	0.74	0.16	0.15	0.29	0.53	(0.86)	1.52	(1.15)	10.41
JDPRX	0.75	0.15	0.14	0.28	0.52	(0.84)	1.52	(1.18)	10.42
JDPNX	0.75	0.16	0.15	0.29	0.52	(0.85)	1.54	(1.12)	10.43
JDIAX	0.49	0.02	(0.01)	0.10	0.56	(0.56)	0.97	(0.89)	3.09
SENCX	0.58	(0.03)	(0.05)	0.04	0.83	(0.58)	1.28	(1.45)	3.21
JDIRX	0.49	0.02	(0.01)	0.10	0.55	(0.56)	0.97	(0.88)	3.07

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