Clifford Capital Correlations

Mutual Funds . USA . 
Fund . Clifford Capital Partners
CLIQX Fund  USD 21.08  0.06  0.28%   
The current 90-days correlation between Clifford Capital Partners and Growth Allocation Fund is 0.83 (i.e., Very poor diversification). The correlation of Clifford Capital 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.

Clifford Capital Correlation With Market

Very poor diversification

The correlation between Clifford Capital Partners and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clifford Capital Partners 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 Clifford Capital Partners. 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 producer price index.

Moving together with Clifford Mutual Fund

  1.0CLFFX Clifford Capital PartnersPairCorr
  1.0CLIFX Clifford Capital PartnersPairCorr
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  1.0JVMAX John Hancock DisciplinedPairCorr
  1.0JVMIX John Hancock DisciplinedPairCorr
  0.99VMVIX Vanguard Mid CapPairCorr
  0.97JMVZX Jpmorgan Mid CapPairCorr
  0.97JMVRX Jpmorgan Mid CapPairCorr
  0.97JMVQX Jpmorgan Mid CapPairCorr
  0.97JMVYX Jpmorgan Mid CapPairCorr
  0.97JMVPX Jpmorgan Mid CapPairCorr
  0.97VETAX Victory Sycamore EstPairCorr
  0.97SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.97SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.84EMO Clearbridge Energy MlpPairCorr
  0.7OSPPX Oppenheimer Steelpath MlpPairCorr
  0.69SPMPX Invesco Steelpath MlpPairCorr
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.69MLPLX Oppenheimer Steelpath MlpPairCorr
  0.98RSNYX Victory Global NaturalPairCorr
  0.97RSNRX Victory Global NaturalPairCorr
  0.68SPMJX Invesco Steelpath MlpPairCorr
  0.97PISHX Cohen Steers PreferredPairCorr
  0.99LIZIX Blackrock Lifepath IndexPairCorr
  0.96VWEHX Vanguard High YieldPairCorr
  0.99PJDZX Prudential JennisonPairCorr
  0.99REQSX Us E EquityPairCorr
  0.97RBNNX Robinson OpportunisticPairCorr
  0.95SCIEX Hartford SchrodersPairCorr
  0.99JHQDX Jpmorgan Hedged EquityPairCorr
  0.95EMBYX Unconstrained EmergingPairCorr
  0.98DGAGX Dreyfus AppreciationPairCorr
  0.98GITAX Goldman Sachs TechnologyPairCorr
  0.98PRGTX T Rowe PricePairCorr
  0.98CLTCX Catalyst/lyons TacticalPairCorr
  0.99CLEYX Columbia Select LargePairCorr
  0.98MKEAX MkeaxPairCorr
  0.98EXHAX Pro Blend MaximumPairCorr
  0.98HQIYX Hartford EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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