Clarkston Partners Correlations

CFSMX Fund

USD 14.35 0.03 0.21%

The current 90-days correlation between Clarkston Partners and Vy Goldman Sachs is 0.54 (i.e., Very weak 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

Very weak diversification

The correlation between Clarkston Partners Fund and DJI is 0.49 (i.e., Very weak 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

0.91	CFMDX	Clarkston Founders	Pair Corr
0.93	CIMDX	Clarkston Founders	Pair Corr
0.89	CILGX	Clarkston Fund Insti	Pair Corr
1.0	CISMX	Clarkston Partners	Pair Corr
0.78	FLPKX	Fidelity Low Priced	Pair Corr
0.77	FLPSX	Fidelity Low Priced	Pair Corr
0.86	VMVAX	Vanguard Mid Cap	Pair Corr
0.87	JVMAX	John Hancock Disciplined	Pair Corr
0.87	JVMIX	John Hancock Disciplined	Pair Corr
0.86	VMVIX	Vanguard Mid Cap	Pair Corr
0.83	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.83	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.83	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.83	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.67	BMQIX	Baird Municipal Bond	Pair Corr

Moving against Clarkston Mutual Fund

0.5	AGVRX	Invesco Government	Pair Corr
0.41	LIFIX	Lord Abbett Inflation	Pair Corr
0.73	QMHIX	Aqr Managed Futures	Pair Corr
0.63	BDMIX	Blackrock Gbl Lng	Pair Corr

Related Correlations Analysis

	VGSBX	IOGYX	UIPMX	GMDPX	FEGOX	XGGNX	IIGCX	GLDAX
VGSBX		0.39	0.26	0.03	0.25	0.48	0.25	0.28	VGSBX
IOGYX	0.39		0.97	0.54	0.97	0.87	0.97	0.98	IOGYX
UIPMX	0.26	0.97		0.61	1.0	0.8	0.99	0.99	UIPMX
GMDPX	0.03	0.54	0.61		0.6	0.21	0.65	0.65	GMDPX
FEGOX	0.25	0.97	1.0	0.6		0.81	0.99	0.99	FEGOX
XGGNX	0.48	0.87	0.8	0.21	0.81		0.78	0.8	XGGNX
IIGCX	0.25	0.97	0.99	0.65	0.99	0.78		1.0	IIGCX
GLDAX	0.28	0.98	0.99	0.65	0.99	0.8	1.0		GLDAX
	VGSBX	IOGYX	UIPMX	GMDPX	FEGOX	XGGNX	IIGCX	GLDAX

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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
VGSBX	0.21	(0.01)	0.00	(0.16)	0.00	0.00	0.43	(0.43)	1.83
IOGYX	1.35	0.09	0.05	0.14	1.64	(1.53)	2.68	(2.81)	8.99
UIPMX	1.31	0.12	0.06	0.20	1.73	(1.37)	2.90	(3.11)	7.60
GMDPX	0.09	0.00	0.03	0.24	0.00	(0.17)	0.22	(0.22)	0.65
FEGOX	1.26	0.11	0.06	0.23	1.63	(1.31)	2.83	(2.91)	7.79
XGGNX	0.73	(0.01)	0.00	(0.03)	0.00	0.00	1.44	(1.67)	4.75
IIGCX	1.34	0.12	0.06	0.21	1.69	(1.39)	3.26	(3.04)	8.36
GLDAX	1.23	0.11	0.06	0.19	1.68	(1.18)	2.83	(2.88)	8.37

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