Cambiar Small Correlations

CAMSX Fund

USD 16.98 0.46 2.78%

The current 90-days correlation between Cambiar Small Cap and Nasdaq 100 Profund Nasdaq 100 is 0.7 (i.e., Poor diversification). The correlation of Cambiar 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.

Cambiar Small Correlation With Market

Poor diversification

The correlation between Cambiar Small Cap and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambiar Small 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 Cambiar Small 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 main economic indicators.

Moving together with Cambiar Mutual Fund

0.77	CAMZX	Cambiar Small Cap	Pair Corr
0.62	CAMUX	Cambiar Smid	Pair Corr
0.73	CAMMX	Cambiar Smid	Pair Corr
0.74	VSMAX	Vanguard Small Cap	Pair Corr
0.74	VSCIX	Vanguard Small Cap	Pair Corr
0.74	VSCPX	Vanguard Small Cap	Pair Corr
0.75	NAESX	Vanguard Small Cap	Pair Corr
0.92	DFSTX	Us Small Cap	Pair Corr
0.68	PASVX	T Rowe Price	Pair Corr
0.66	PRVIX	T Rowe Price	Pair Corr
0.63	TRZVX	T Rowe Price	Pair Corr
0.66	PRSVX	T Rowe Price	Pair Corr

Moving against Cambiar Mutual Fund

0.52	PYSCX	Putnam Equity Spectrum	Pair Corr
0.52	ADX	Adams Diversified Equity	Pair Corr
0.5	GCCRX	Goldman Sachs Modity	Pair Corr
0.44	MCAMX	Mainstay Mackay Cali	Pair Corr
0.37	SAEMX	Sa Emerging Markets	Pair Corr

Related Correlations Analysis

	OTPIX	SHXPX	MMEYX	ARDEX	IJUN	CXH	WTLTX	JAMFX	GILCX	IBUF
OTPIX		0.26	0.23	0.01	0.81	0.84	0.84	0.03	0.91	0.87	OTPIX
SHXPX	0.26		0.7	0.5	0.48	0.04	0.13	0.79	0.22	0.12	SHXPX
MMEYX	0.23	0.7		0.24	0.3	0.01	0.09	0.69	0.14	0.22	MMEYX
ARDEX	0.01	0.5	0.24		0.41	0.08	0.07	0.39	0.19	0.16	ARDEX
IJUN	0.81	0.48	0.3	0.41		0.67	0.69	0.18	0.84	0.83	IJUN
CXH	0.84	0.04	0.01	0.08	0.67		0.94	-0.19	0.8	0.81	CXH
WTLTX	0.84	0.13	0.09	0.07	0.69	0.94		-0.22	0.84	0.81	WTLTX
JAMFX	0.03	0.79	0.69	0.39	0.18	-0.19	-0.22		-0.15	-0.15	JAMFX
GILCX	0.91	0.22	0.14	0.19	0.84	0.8	0.84	-0.15		0.91	GILCX
IBUF	0.87	0.12	0.22	0.16	0.83	0.81	0.81	-0.15	0.91		IBUF
	OTPIX	SHXPX	MMEYX	ARDEX	IJUN	CXH	WTLTX	JAMFX	GILCX	IBUF

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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

WTLTX	+ 0.94	CXH
GILCX	+ 0.91	OTPIX
IBUF	+ 0.91	GILCX
IBUF	+ 0.87	OTPIX
CXH	+ 0.84	OTPIX
WTLTX	+ 0.84	OTPIX

High negative correlations

JAMFX	- 0.22	WTLTX
JAMFX	- 0.19	CXH
IBUF	- 0.15	JAMFX
GILCX	- 0.15	JAMFX

Risk-Adjusted Indicators

There is a big difference between Cambiar Mutual Fund performing well and Cambiar 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 Cambiar 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
OTPIX	0.77	0.02	0.02	0.06	1.16	(0.72)	1.52	(2.06)	5.03
SHXPX	0.77	(0.04)	(0.04)	0.00	0.96	(0.80)	1.86	(1.32)	5.59
MMEYX	0.90	(0.01)	0.00	0.11	0.00	0.00	2.15	(1.87)	7.71
ARDEX	0.47	(0.02)	(0.06)	0.01	0.53	(0.55)	1.14	(0.97)	2.45
IJUN	0.33	(0.02)	(0.11)	(0.01)	0.43	(0.34)	0.60	(0.71)	1.62
CXH	0.23	0.11	0.22	1.58	0.00	(0.37)	0.78	(0.38)	1.97
WTLTX	0.10	0.02	(0.14)	0.21	0.00	(0.17)	0.23	(0.22)	0.57
JAMFX	1.49	(0.21)	0.00	(0.07)	0.00	0.00	2.75	(3.62)	10.26
GILCX	0.48	0.01	0.01	0.06	0.59	(0.50)	1.29	(0.99)	3.53
IBUF	0.19	(0.01)	(0.16)	(0.13)	0.25	(0.20)	0.32	(0.42)	1.29

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