The Chesapeake Correlations

CHCGX Fund  USD 52.59  0.74  1.43%   
The current 90-days correlation between Chesapeake Growth and Emerald Growth Fund is 0.82 (i.e., Very poor diversification). The correlation of The Chesapeake 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.

The Chesapeake Correlation With Market

Very weak diversification

The correlation between The Chesapeake Growth and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Chesapeake Growth 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 The Chesapeake Growth. 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 price.

Moving together with The Mutual Fund

  0.67FAFGX American FundsPairCorr
  0.67FFAFX American FundsPairCorr
  0.62GFACX Growth FundPairCorr
  0.67GFAFX Growth FundPairCorr
  0.81AGTHX Growth FundPairCorr
  0.66CGFFX Growth FundPairCorr
  0.62CGFCX Growth FundPairCorr
  0.66CGFAX Growth FundPairCorr
  0.66CGFEX Growth FundPairCorr
  0.66RGAEX Growth FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Chesapeake 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 The Chesapeake'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.