Clipper Fund Correlations

Mutual Funds . USA . 
Fund . Clipper Fund Inc
CFIMX Fund  USD 155.88  0.00  0.00%   
The current 90-days correlation between Clipper Fund and Value Fund Value is -0.04 (i.e., Good diversification). The correlation of Clipper Fund 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.

Clipper Fund Correlation With Market

Good diversification

The correlation between Clipper Fund Inc and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clipper Fund Inc 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 Clipper Fund Inc. 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 Clipper Mutual Fund

  0.93VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.91VINIX Vanguard InstitutionalPairCorr
  0.91VIIIX Vanguard InstitutionalPairCorr
  0.93KNPAX Kinetics ParadigmPairCorr
  0.94KSCOX Kinetics Small CapPairCorr
  0.92KNPCX Kinetics ParadigmPairCorr
  0.92KSCYX Kinetics Small CapPairCorr
  0.92KMKCX Kinetics Market OppoPairCorr
  0.92WWNPX Kinetics ParadigmPairCorr
  0.62LETRX Voya Russia FundPairCorr
  0.92KSOCX Kinetics Small CapPairCorr
  0.93LSHUX Horizon Spin OffPairCorr
  0.92KNPYX Kinetics ParadigmPairCorr
  0.94SSCCX Small CapitalizationPairCorr
  0.81APHFX Artisan High IncomePairCorr
  0.94RSCCX Victory Rs SmallPairCorr
  0.97FZROX Fidelity Zero TotalPairCorr
  0.91TRLGX T Rowe PricePairCorr
  0.81RCMTX American Funds 2055PairCorr
  0.82JDBRX Janus BalancedPairCorr
  0.92DFMAX Davidson Multi CapPairCorr
  0.94FAGIX Fidelity Capital IncomePairCorr
  0.88WWLAX Westwood Largecap ValuePairCorr
  0.77SADIX Wells Fargo UltraPairCorr
  0.92GMXIX Nationwide Mid CapPairCorr
  0.76PGTAX Putnam Global TechnologyPairCorr
  0.92ADGAX Ab E OpportunitiesPairCorr
  0.86NDMSX Nationwide InvestorPairCorr
  0.89VIVIX Vanguard Value IndexPairCorr

Moving against Clipper Mutual Fund

  0.31FOFQX Franklin Oregon TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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