Clarkston Founders Correlations

Mutual Funds . USA . 
Fund . Clarkston Founders Fund
CIMDX Fund  USD 16.28  0.07  0.43%   
The current 90-days correlation between Clarkston Founders and Clarkston Fund Institutional is 0.99 (i.e., No risk reduction). The correlation of Clarkston Founders 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.

Clarkston Founders Correlation With Market

Very poor diversification

The correlation between Clarkston Founders Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarkston Founders Fund 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 Clarkston Founders Fund. 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 unemployment.

Moving together with Clarkston Mutual Fund

  0.86CFSMX Clarkston PartnersPairCorr
  0.99CILGX Clarkston Fund InstiPairCorr
  0.86CISMX Clarkston PartnersPairCorr
  0.97VMVAX Vanguard Mid CapPairCorr
  0.95JVMAX John Hancock DisciplinedPairCorr
  0.98JVMIX John Hancock DisciplinedPairCorr
  0.97VMVIX Vanguard Mid CapPairCorr
  0.96JMVZX Jpmorgan Mid CapPairCorr
  0.96JMVRX Jpmorgan Mid CapPairCorr
  0.96JMVQX Jpmorgan Mid CapPairCorr
  0.96JMVYX Jpmorgan Mid CapPairCorr
  0.96JMVPX Jpmorgan Mid CapPairCorr
  0.93VETAX Victory Sycamore EstPairCorr
  0.83FSMMX Fs Multi StrategyPairCorr
  0.91BTMPX Ishares Msci EafePairCorr
  0.91BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr
  0.69SPMPX Invesco Steelpath MlpPairCorr
  0.69MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr
  0.95MPAIX Advantage Portfolio ClassPairCorr
  0.93FPBFX Fidelity Pacific BasinPairCorr
  0.92FEIAX Fidelity Advisor EquityPairCorr
  0.8ARYMX Global Real EstatePairCorr
  0.84KGIRX Kopernik InternationalPairCorr
  0.7CEDLX Destra InternationalPairCorr
  0.95NSFHX Natixis SustainablePairCorr
  0.91APDIX Artisan InternationalPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.94ACARX Alger Capital ApprecPairCorr
  0.85SVAIX Federated Strategic ValuePairCorr
  0.95DRYQX Dreyfus Research GrowthPairCorr
  0.94MKECX Blackrock FundsPairCorr
  0.85RBCUX Tax Exempt BondPairCorr
  0.93IPOCX Ivy Emerging MarketsPairCorr

Related Correlations Analysis

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