Cliffwater Corporate Correlations

CCLFX Fund

USD 10.84 0.01 0.09%

The current 90-days correlation between Cliffwater Corporate and Transamerica Large Cap is 0.16 (i.e., Average diversification). The correlation of Cliffwater Corporate 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.

Cliffwater Corporate Correlation With Market

Average diversification

The correlation between Cliffwater Corporate Lending and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cliffwater Corporate Lending 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 Cliffwater Corporate Lending. 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 census.

Moving together with Cliffwater Mutual Fund

0.71	VGTSX	Vanguard Total Inter	Pair Corr
0.71	VTIAX	Vanguard Total Inter	Pair Corr
0.75	GAAVX	Gmo Alternative Allo	Pair Corr
0.86	GABFX	Gmo Asset Allocation	Pair Corr
0.73	VZ	Verizon Communications	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.73	T	ATT Inc Aggressive Push	Pair Corr

Moving against Cliffwater Mutual Fund

0.54	GCAVX	Gmo Small Cap	Pair Corr
0.48	GMCQX	Gmo Equity Allocation	Pair Corr
0.41	VITSX	Vanguard Total Stock	Pair Corr
0.41	VSTSX	Vanguard Total Stock	Pair Corr
0.41	VSMPX	Vanguard Total Stock	Pair Corr
0.39	VTSAX	Vanguard Total Stock	Pair Corr
0.39	VTSMX	Vanguard Total Stock	Pair Corr
0.38	VFFSX	Vanguard 500 Index	Pair Corr
0.37	VFINX	Vanguard 500 Index	Pair Corr
0.36	VFIAX	Vanguard 500 Index	Pair Corr
0.56	MSFT	Microsoft	Pair Corr
0.54	AXP	American Express	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.45	MRK	Merck Company	Pair Corr
0.43	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	TALCX	JDVNX	PAFDX	PCPAX	OAKLX	PAVLX	LTFOX
TALCX		0.73	0.8	0.69	0.88	0.81	0.89	TALCX
JDVNX	0.73		0.37	0.26	0.74	0.39	0.68	JDVNX
PAFDX	0.8	0.37		0.98	0.64	0.99	0.75	PAFDX
PCPAX	0.69	0.26	0.98		0.52	0.97	0.65	PCPAX
OAKLX	0.88	0.74	0.64	0.52		0.65	0.95	OAKLX
PAVLX	0.81	0.39	0.99	0.97	0.65		0.77	PAVLX
LTFOX	0.89	0.68	0.75	0.65	0.95	0.77		LTFOX
	TALCX	JDVNX	PAFDX	PCPAX	OAKLX	PAVLX	LTFOX

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Risk-Adjusted Indicators

There is a big difference between Cliffwater Mutual Fund performing well and Cliffwater Corporate 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 Cliffwater Corporate'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
TALCX	0.62	0.00	0.01	0.00	0.77	(0.68)	1.36	(1.36)	3.68
JDVNX	0.81	(0.15)	0.00	(0.19)	0.00	0.00	1.24	(1.63)	10.15
PAFDX	0.58	0.08	0.11	0.11	0.56	(0.65)	1.23	(1.10)	3.38
PCPAX	0.57	0.09	0.14	0.12	0.53	(0.69)	1.23	(1.11)	3.20
OAKLX	0.77	(0.03)	0.00	0.20	0.00	0.00	1.43	(1.88)	3.58
PAVLX	0.59	0.08	0.13	0.12	0.54	(0.70)	1.30	(1.02)	3.20
LTFOX	0.70	(0.01)	(0.01)	0.05	0.97	(0.70)	1.49	(1.60)	3.58

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