Chesapeake Growth Correlations

Mutual Funds . USA . 
Fund . The Chesapeake Growth
CHCGX Fund  USD 53.68  0.19  0.35%   
The current 90-days correlation between Chesapeake Growth and Emerald Growth Fund is 0.79 (i.e., Poor diversification). The correlation of Chesapeake Growth 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.

Chesapeake Growth Correlation With Market

Significant diversification

The correlation between The Chesapeake Growth and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Chesapeake 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 The Chesapeake 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 price.

Moving together with Chesapeake Mutual Fund

  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.96GFACX Growth FundPairCorr
  0.93GFAFX Growth FundPairCorr
  0.93AGTHX Growth FundPairCorr
  0.93CGFFX Growth FundPairCorr
  0.96CGFCX Growth FundPairCorr
  0.96CGFAX Growth FundPairCorr
  0.93CGFEX Growth FundPairCorr
  0.93RGAEX Growth FundPairCorr
  0.89JEPIX Jpmorgan Equity PremiumPairCorr
  0.93FAGOX Fidelity Advisor GrowthPairCorr
  0.87RQECX Resq Dynamic AllocationPairCorr
  0.78AREFX One Choice 2055PairCorr
  0.76FLTTX Wisdomtree Floating RatePairCorr
  0.91VVIAX Vanguard Value IndexPairCorr
  0.84PFLLX Putnam Floating RatePairCorr
  0.91GMAWX Gmo Small CapPairCorr
  0.94AMEIX Equity GrowthPairCorr
  0.82REGTX American Funds 2040PairCorr
  0.66TAIAX American Funds TaxPairCorr
  0.88CCLFX Cliffwater CorporatePairCorr
  0.9FDTRX Franklin DynatechPairCorr
  0.87BDJ Blackrock Enhanced EquityPairCorr
  0.91DODGX Dodge Stock FundPairCorr
  0.86ANPRX Allianzgi Nfj MidPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.93AIVSX Investment Of AmericaPairCorr

Moving against Chesapeake Mutual Fund

  0.57LIIAX Columbia Porate IncomePairCorr
  0.56CIFRX Columbia Porate IncomePairCorr
  0.48SRINX Columbia Porate IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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