Champlain Small Correlations

Mutual Funds . USA . 
Fund . Champlain Small
CIPNX Fund  USD 22.47  0.01  0.04%   
The current 90-days correlation between Champlain Small and The Hartford Midcap is -0.13 (i.e., Good diversification). The correlation of Champlain 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.

Champlain Small Correlation With Market

Good diversification

The correlation between Champlain Small and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champlain Small 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 Small. 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 board of governors.

Moving together with Champlain Mutual Fund

  0.91CIPMX Champlain Mid CapPairCorr
  0.91CIPIX Champlain Mid CapPairCorr
  0.91CIPSX Champlain Small PanyPairCorr
  0.91CIPTX Advisors Inner CirclePairCorr
  1.0VSGAX Vanguard Small CapPairCorr
  0.9VSGIX Vanguard Small CapPairCorr
  0.9VISGX Vanguard Small CapPairCorr
  0.9VEXPX Vanguard ExplorerPairCorr
  0.9VEXRX Vanguard ExplorerPairCorr
  0.89JGMIX Janus TritonPairCorr
  0.89JGMRX Janus TritonPairCorr
  0.89JGMAX Janus TritonPairCorr
  0.89JGMCX Janus TritonPairCorr
  0.98JGMNX Janus TritonPairCorr
  0.68CPAYX Columbia PacificasiaPairCorr
  0.93CISGX Touchstone Sands CapitalPairCorr
  0.82MGHRX Morgan Stanley InstiPairCorr
  0.82MGRPX Growth Portfolio ClassPairCorr
  0.83GONIX Gotham NeutralPairCorr
  0.9FLRJX Franklin Lifesmart 2045PairCorr
  0.91TEMLX Tiaa Cref EmergingPairCorr
  0.92TLYRX Tiaa Cref LifecyclePairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.75MSSLX Small Pany GrowthPairCorr
  0.9OCGCX Jpmorgan InvestorPairCorr
  0.81HRIIX Hood River InternationalPairCorr
  0.88EVIBX Eaton Vance IncomePairCorr
  0.88REEAX Rbc Emerging MarketsPairCorr
  0.9JEMQX John Hancock EmergingPairCorr
  0.92JCE Nuveen Core EquityPairCorr
  0.88RYKIX Banking Fund InvestorPairCorr
  0.89USBSX Cornerstone ModeratePairCorr
  0.85HILSX Hartford InternaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Champlain Mutual Fund performing well and Champlain 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 Champlain 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.

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