Copeland International Correlations

CISAX Fund

USD 7.89 0.03 0.38%

The current 90-days correlation between Copeland International and Copeland Risk Managed is 0.56 (i.e., Very weak diversification). The correlation of Copeland International 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.

Copeland International Correlation With Market

Weak diversification

The correlation between Copeland International Small and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Copeland International 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 Copeland International 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 nation.

Moving together with Copeland Mutual Fund

1.0	CSIIX	Columbia Small Cap	Pair Corr
0.97	OSMYX	Oppenheimer Intl Small	Pair Corr
0.97	OSCIX	Oppenheimer Intl Small	Pair Corr
0.97	OSMNX	Oppenheimer Intl Small	Pair Corr
0.84	TIDDX	T Rowe Price	Pair Corr
0.91	MIDGX	Mfs International New	Pair Corr
0.94	MIDHX	Mfs International New	Pair Corr
0.94	MIDRX	Mfs International New	Pair Corr

Moving against Copeland Mutual Fund

0.64	RMQHX	Monthly Rebalance	Pair Corr
0.63	RMQAX	Monthly Rebalance	Pair Corr
0.63	RMQCX	Monthly Rebalance	Pair Corr
0.53	SMPIX	Semiconductor Ultrasector	Pair Corr
0.5	CSDGX	Copeland Smid Cap	Pair Corr
0.49	CSMDX	Copeland Smid Cap	Pair Corr
0.49	SMPSX	Semiconductor Ultrasector	Pair Corr
0.69	AMEIX	Equity Growth	Pair Corr
0.69	DODGX	Dodge Stock Fund	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.65	GOVXX	Money Market Obligations	Pair Corr
0.63	PRWAX	T Rowe Price	Pair Corr
0.62	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.62	FLCNX	Fidelity Contrafund	Pair Corr
0.6	FTQGX	Fidelity Focused Stock	Pair Corr
0.54	FMAGX	Fidelity Magellan	Pair Corr
0.52	RSNYX	Victory Global Natural	Pair Corr
0.46	FSELX	Fidelity Select Semi	Pair Corr
0.44	TNHIX	1290 High Yield	Pair Corr
0.41	FIKGX	Fidelity Advisor Sem	Pair Corr
0.37	FELIX	Fidelity Advisor Sem	Pair Corr
0.87	PFLLX	Putnam Floating Rate	Pair Corr
0.75	CRF	Cornerstone Strategic	Pair Corr

Related Correlations Analysis

	CDCRX	CDGRX	CDIVX	CISAX	CSDGX	CSIIX	CSMDX
CDCRX		1.0	1.0	-0.12	0.63	-0.12	0.64	CDCRX
CDGRX	1.0		1.0	-0.15	0.67	-0.15	0.68	CDGRX
CDIVX	1.0	1.0		-0.15	0.66	-0.15	0.67	CDIVX
CISAX	-0.12	-0.15	-0.15		-0.5	1.0	-0.49	CISAX
CSDGX	0.63	0.67	0.66	-0.5		-0.49	1.0	CSDGX
CSIIX	-0.12	-0.15	-0.15	1.0	-0.49		-0.49	CSIIX
CSMDX	0.64	0.68	0.67	-0.49	1.0	-0.49		CSMDX
	CDCRX	CDGRX	CDIVX	CISAX	CSDGX	CSIIX	CSMDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CDGRX	+ 1.0	CDCRX
CDIVX	+ 1.0	CDCRX
CDIVX	+ 1.0	CDGRX
CSIIX	+ 1.0	CISAX
CSMDX	+ 1.0	CSDGX
CSMDX	+ 0.68	CDGRX

High negative correlations

CSDGX	- 0.5	CISAX
CSMDX	- 0.49	CSIIX
CSIIX	- 0.49	CSDGX
CSMDX	- 0.49	CISAX
CSIIX	- 0.15	CDIVX
CISAX	- 0.15	CDIVX

Risk-Adjusted Indicators

There is a big difference between Copeland Mutual Fund performing well and Copeland International 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 Copeland International'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CDCRX	0.74	(0.23)	0.00	(0.11)	0.00	0.00	1.07	(1.11)	15.58
CDGRX	0.72	(0.21)	0.00	(0.10)	0.00	0.00	1.09	(1.03)	14.85
CDIVX	0.73	(0.22)	0.00	(0.10)	0.00	0.00	1.11	(1.04)	15.08
CISAX	0.65	(0.14)	0.00	(0.19)	0.00	0.00	1.38	(1.22)	5.19
CSDGX	0.67	(0.06)	(0.06)	0.06	0.69	(0.75)	1.56	(1.12)	5.70
CSIIX	0.65	(0.13)	0.00	(0.18)	0.00	0.00	1.38	(1.18)	5.18
CSMDX	0.68	(0.06)	(0.06)	0.06	0.69	(0.76)	1.55	(1.11)	5.84

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC