Clarkston Partners Correlations

CISMX Fund

USD 14.37 0.13 0.91%

The current 90-days correlation between Clarkston Partners and Clarkston Founders is 0.05 (i.e., Significant diversification). The correlation of Clarkston Partners 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 Partners Correlation With Market

Poor diversification

The correlation between Clarkston Partners Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarkston Partners 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 Partners 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 population.

Moving together with Clarkston Mutual Fund

0.87	CFMDX	Clarkston Founders	Pair Corr
1.0	CFSMX	Clarkston Partners	Pair Corr
0.95	CIMDX	Clarkston Founders	Pair Corr
0.96	CILGX	Clarkston Fund Insti	Pair Corr
0.85	VMVAX	Vanguard Mid Cap	Pair Corr
0.88	JVMAX	John Hancock Disciplined	Pair Corr
0.88	JVMIX	John Hancock Disciplined	Pair Corr
0.85	VMVIX	Vanguard Mid Cap	Pair Corr
0.72	CUSHX	Columbia Ultra Short	Pair Corr
0.88	DSMDX	Driehaus Smallmid Cap	Pair Corr
0.83	AFDVX	Applied Finance Explorer	Pair Corr
0.73	IOBZX	Icon Bond Fund	Pair Corr
0.68	FBIFX	Fidelity Freedom Index	Pair Corr
0.92	VEXAX	Vanguard Extended Market	Pair Corr
0.86	KGLCX	Kinetics Global	Pair Corr
0.91	NWHZX	Nationwide Geneva Small	Pair Corr
0.77	BITW	Bitwise 10 Crypto	Pair Corr
0.9	FCCVX	Fidelity Vertible	Pair Corr
0.66	LPVAX	Blackrock Lifepath	Pair Corr
0.66	LPVIX	Blackrock Lifepath	Pair Corr
0.87	GGFRX	Nationwide Growth	Pair Corr
0.86	GAB	Gabelli Equity Trust	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.81	FFIDX	Fidelity Fund Fidelity	Pair Corr

Moving against Clarkston Mutual Fund

0.54	NHS	Neuberger Berman High	Pair Corr
0.53	PFHCX	Pacific Funds Small	Pair Corr
0.56	BEMIX	Brandes Emerging Markets	Pair Corr

Related Correlations Analysis

	CFMDX	CFSMX	CIMDX	CILGX	CISMX
CFMDX		0.87	0.93	0.9	0.87	CFMDX
CFSMX	0.87		0.95	0.96	1.0	CFSMX
CIMDX	0.93	0.95		0.98	0.95	CIMDX
CILGX	0.9	0.96	0.98		0.96	CILGX
CISMX	0.87	1.0	0.95	0.96		CISMX
	CFMDX	CFSMX	CIMDX	CILGX	CISMX

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Risk-Adjusted Indicators

There is a big difference between Clarkston Mutual Fund performing well and Clarkston Partners 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 Clarkston Partners' 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
CFMDX	0.52	(0.02)	0.00	(0.14)	0.00	0.00	0.88	(1.18)	3.95
CFSMX	0.61	(0.02)	(0.03)	(0.01)	0.86	(0.58)	1.26	(1.29)	4.30
CIMDX	0.52	(0.03)	0.00	(0.04)	0.00	0.00	0.88	(1.19)	3.95
CILGX	0.53	(0.04)	0.00	(0.05)	0.00	0.00	0.91	(1.07)	4.01
CISMX	0.60	(0.02)	(0.03)	(0.01)	0.86	(0.58)	1.23	(1.30)	4.33

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