Chase Growth Correlations

CHASX Fund

USD 13.28 0.02 0.15%

The current 90-days correlation between Chase Growth and The Chesapeake Growth is 0.93 (i.e., Almost no diversification). The correlation of Chase Growth 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.

Chase Growth Correlation With Market

Poor diversification

The correlation between Chase Growth Fund and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chase Growth 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 Chase Growth 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 state.

Moving together with Chase Mutual Fund

1.0	CHAIX	Chase Growth	Pair Corr
0.89	FAFGX	American Funds	Pair Corr
0.89	FFAFX	American Funds	Pair Corr
0.87	GFACX	Growth Fund	Pair Corr
0.89	GFAFX	Growth Fund	Pair Corr
0.97	AGTHX	Growth Fund	Pair Corr
0.89	CGFFX	Growth Fund	Pair Corr
0.87	CGFCX	Growth Fund	Pair Corr
0.89	CGFAX	Growth Fund	Pair Corr
0.89	CGFEX	Growth Fund	Pair Corr
0.89	RGAEX	Growth Fund	Pair Corr
0.96	ASG	Liberty All Star	Pair Corr
0.91	CII	Blackrock Enhanced	Pair Corr
0.93	ETV	Eaton Vance Tax	Pair Corr
0.87	CLM	Cornerstone Strategic	Pair Corr
0.9	CRF	Cornerstone Strategic	Pair Corr
0.91	USA	Liberty All Star	Pair Corr
0.79	ETY	Eaton Vance Tax	Pair Corr
0.74	NFJ	Virtus Dividend Interest	Pair Corr

Moving against Chase Mutual Fund

0.97	USPIX	Profunds Ultrashort	Pair Corr
0.63	WISEX	Azzad Wise Capital	Pair Corr
0.62	PINCX	Putnam Income	Pair Corr
0.61	MMBEX	Massmutual Select	Pair Corr
0.52	NOIGX	Northern International	Pair Corr
0.49	TIISX	Tiaa Cref Intl	Pair Corr
0.48	TSOHX	Tiaa Cref Social	Pair Corr
0.39	VWWQX	Vwwqx	Pair Corr
0.33	LAIIX	Lord Abbett Intermediate	Pair Corr
0.32	NMNLX	Neuberger Berman Mun	Pair Corr
0.62	SGSLX	Western Asset Mortgage	Pair Corr
0.61	TLDIX	Thornburg Low Duration	Pair Corr
0.52	NWXVX	Nationwide International	Pair Corr
0.48	XWIWX	Western Asset/claymore	Pair Corr

Related Correlations Analysis

	CHCGX	MCGFX	JENSX	CAMOX	BLUEX
CHCGX		0.86	0.87	0.65	-0.17	CHCGX
MCGFX	0.86		0.81	0.72	-0.25	MCGFX
JENSX	0.87	0.81		0.77	0.08	JENSX
CAMOX	0.65	0.72	0.77		0.23	CAMOX
BLUEX	-0.17	-0.25	0.08	0.23		BLUEX
	CHCGX	MCGFX	JENSX	CAMOX	BLUEX

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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

JENSX	+ 0.87	CHCGX
MCGFX	+ 0.86	CHCGX
JENSX	+ 0.81	MCGFX
CAMOX	+ 0.77	JENSX
CAMOX	+ 0.72	MCGFX
CAMOX	+ 0.65	CHCGX

High negative correlations

BLUEX	- 0.25	MCGFX
BLUEX	- 0.17	CHCGX

Risk-Adjusted Indicators

There is a big difference between Chase Mutual Fund performing well and Chase Growth 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 Chase Growth'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
CHCGX	0.81	(0.05)	0.00	(0.13)	0.00	0.00	1.43	(1.84)	4.69
MCGFX	1.00	(0.19)	0.00	(0.27)	0.00	0.00	1.53	(2.19)	8.87
JENSX	0.62	(0.04)	0.00	(0.13)	0.00	0.00	1.00	(1.38)	3.40
CAMOX	0.71	(0.10)	0.00	(0.22)	0.00	0.00	1.10	(1.37)	8.96
BLUEX	0.38	0.05	0.18	0.08	0.46	(0.42)	1.05	(0.80)	2.78

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