Chautauqua Global Correlations

Mutual Funds . USA . 
Fund . Chautauqua Global Growth
CCGIX Fund  USD 26.08  0.15  0.58%   
The current 90-days correlation between Chautauqua Global Growth and Chautauqua International Growth is 0.97 (i.e., Almost no diversification). The correlation of Chautauqua Global 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.

Chautauqua Global Correlation With Market

Poor diversification

The correlation between Chautauqua Global Growth 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 Chautauqua Global Growth 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 Chautauqua Global Growth. 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 Chautauqua Mutual Fund

  0.61BAGIX Baird Aggregate BondPairCorr
  0.79BSBIX Baird Short TermPairCorr
  0.81BSBSX Baird Short TermPairCorr
  0.94BSGSX Baird Smallmid CapPairCorr
  0.94BSGIX Baird Smallmid CapPairCorr
  0.87BSNSX Baird Strategic MunicipalPairCorr
  0.9BSNIX Baird Strategic MunicipalPairCorr
  0.92BSVSX Baird Smallcap ValuePairCorr
  0.92BSVIX Baird Smallcap ValuePairCorr
  0.89BTMSX Baird Short TermPairCorr
  0.9BTMIX Baird Short TermPairCorr
  0.87BUBIX Baird Ultra ShortPairCorr
  0.65BCOSX Baird E PlusPairCorr
  0.64BCOIX Baird E PlusPairCorr
  0.87BUBSX Baird Ultra ShortPairCorr
  0.69BIMSX Baird Intermediate BondPairCorr
  0.7BIMIX Baird Intermediate BondPairCorr
  0.88BMBSX Baird Quality IntermPairCorr
  0.89BMBIX Baird Quality IntermPairCorr
  0.95BMDSX Baird MidcapPairCorr
  0.95BMDIX Baird MidcapPairCorr
  0.87BMNSX Baird E IntermediatePairCorr
  0.88BMNIX Baird E IntermediatePairCorr
  0.82BMQSX Baird Municipal BondPairCorr
  0.83BMQIX Baird Municipal BondPairCorr
  1.0CCGSX Chautauqua Global GrowthPairCorr
  0.99CCWIX Chautauqua InternationalPairCorr
  0.99CCWSX Chautauqua InternationalPairCorr
  0.98FNFPX American Funds NewPairCorr
  0.98FFPNX American Funds NewPairCorr
  0.98NPFCX New PerspectivePairCorr
  0.97ANWPX New PerspectivePairCorr
  0.98NPFFX New PerspectivePairCorr
  0.97CNPAX New PerspectivePairCorr
  0.98CNPEX New PerspectivePairCorr
  0.98CNPFX New PerspectivePairCorr
  0.98CNPCX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Chautauqua Mutual Fund performing well and Chautauqua Global 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 Chautauqua Global'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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