Clipper Fund Correlations

Mutual Funds . USA . 
Fund . Clipper Fund Inc
CFIMX Fund  USD 14.28  0.01  0.07%   
The current 90-days correlation between Clipper Fund and Value Fund Value is 0.93 (i.e., Almost no diversification). The correlation of Clipper Fund 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.

Clipper Fund Correlation With Market

Almost no diversification

The correlation between Clipper Fund Inc and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clipper Fund Inc 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 Clipper Fund Inc. 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 population.

Moving together with Clipper Mutual Fund

  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.96AMRMX American MutualPairCorr
  0.96AMFFX American MutualPairCorr
  0.96AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.98FTYPX Fidelity Freedom IndexPairCorr
  0.98FFBTX Fidelity Freedom BlendPairCorr
  0.8GAAVX Gmo Alternative AlloPairCorr
  0.94GCAVX Gmo Small CapPairCorr
  0.99GQLOX Gmo Quality FundPairCorr
  0.97GHVIX Gmo High YieldPairCorr
  0.97GMCQX Gmo Equity AllocationPairCorr
  0.98FAETX American Funds 2030PairCorr
  0.92HLMIX Harding Loevner IntePairCorr
  0.97CLBAX American BalancedPairCorr
  0.97GCFSX Gabelli Global FinancialPairCorr
  0.92BTO John Hancock FinancialPairCorr
  0.96VBIAX Vanguard Balanced IndexPairCorr
  0.98FBAFX American Funds AmericanPairCorr
  0.99CLREX Columbia BalancedPairCorr
  0.98BALFX American BalancedPairCorr
  0.98GSHTX Goldman Sachs HighPairCorr
  0.97JEVNX Emerging MarketsPairCorr
  0.79AMHIX American High IncomePairCorr
  0.93DVRFX Mfs Global AlternativePairCorr
  0.96VTMSX Vanguard Tax ManagedPairCorr
  0.96IGAIX International Growth AndPairCorr
  0.94GICUX Goldman Sachs InternPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.98VSOIX Victory Sycamore SmallPairCorr
  0.96MNNCX Victory Munder MultiPairCorr
  0.91ERSGX Eaton Vance SmallPairCorr
  0.93HRIOX Manager Directed PorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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