Chautauqua Global Correlations
| CCGIX Fund | USD 24.43 0.02 0.08% |
The current 90-days correlation between Chautauqua Global Growth and Chautauqua International Growth is -0.06 (i.e., Good diversification). The correlation of Chautauqua Global 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.
Chautauqua Global Correlation With Market
Poor diversification
The correlation between Chautauqua Global Growth and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chautauqua Global Growth and DJI in the same portfolio, assuming nothing else is changed.
Chautauqua |
Moving together with Chautauqua Mutual Fund
| 0.7 | BSNSX | Baird Strategic Municipal | PairCorr |
| 0.69 | BSNIX | Baird Strategic Municipal | PairCorr |
| 0.64 | BTMIX | Baird Short Term | PairCorr |
| 0.69 | BMBSX | Baird Quality Interm | PairCorr |
| 0.7 | BMBIX | Baird Quality Interm | PairCorr |
| 0.64 | BMNSX | Baird E Intermediate | PairCorr |
| 0.71 | BMNIX | Baird E Intermediate | PairCorr |
| 0.62 | BMQSX | Baird Municipal Bond | PairCorr |
| 0.62 | BMQIX | Baird Municipal Bond | PairCorr |
| 1.0 | CCGSX | Chautauqua Global Growth | PairCorr |
| 0.81 | CCWIX | Chautauqua International | PairCorr |
| 0.89 | CCWSX | Chautauqua International | PairCorr |
| 0.77 | FNFPX | American Funds New | PairCorr |
| 0.77 | FFPNX | American Funds New | PairCorr |
| 0.74 | NPFCX | New Perspective | PairCorr |
| 0.77 | ANWPX | New Perspective | PairCorr |
| 0.76 | NPFFX | New Perspective | PairCorr |
| 0.76 | CNPAX | New Perspective | PairCorr |
| 0.76 | CNPEX | New Perspective | PairCorr |
| 0.77 | CNPFX | New Perspective | PairCorr |
| 0.74 | CNPCX | New Perspective | PairCorr |
| 0.74 | RNPAX | New Perspective | PairCorr |
Related Correlations Analysis
| 0.81 | 0.76 | -0.5 | -0.48 | CCWIX | ||
| 0.81 | 0.98 | -0.87 | -0.77 | BSBIX | ||
| 0.76 | 0.98 | -0.9 | -0.77 | BUBIX | ||
| -0.5 | -0.87 | -0.9 | 0.91 | QSTAX | ||
| -0.48 | -0.77 | -0.77 | 0.91 | BMDIX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Chautauqua Mutual Fund performing well and Chautauqua Global 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 Chautauqua Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCWIX | 0.82 | 0.03 | 0.02 | (0.20) | 1.13 | 1.42 | 6.79 | |||
| BSBIX | 0.07 | 0.01 | 0.07 | 0.93 | 0.00 | 0.11 | 0.42 | |||
| BUBIX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 | |||
| QSTAX | 1.34 | (0.42) | 0.00 | (0.32) | 0.00 | 2.59 | 13.11 | |||
| BMDIX | 0.88 | (0.18) | 0.00 | (0.17) | 0.00 | 1.59 | 4.92 |