Clarkston Fund Correlations

CILGX Fund

USD 16.28 0.07 0.43%

The current 90-days correlation between Clarkston Fund Insti and Clarkston Partners Fund is 0.9 (i.e., Almost no diversification). The correlation of Clarkston 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.

Clarkston Fund Correlation With Market

Poor diversification

The correlation between Clarkston Fund Institutional and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarkston Fund Institutional 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 Fund Institutional. 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 Clarkston Mutual Fund

0.99	CFMDX	Clarkston Founders	Pair Corr
0.95	CFSMX	Clarkston Partners	Pair Corr
0.99	CIMDX	Clarkston Founders	Pair Corr
0.95	CISMX	Clarkston Partners	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.91	DOXGX	Dodge Cox Stock	Pair Corr
0.87	AFMFX	American Mutual	Pair Corr
0.87	FFMMX	American Funds American	Pair Corr
0.87	FFFMX	American Funds American	Pair Corr
0.87	AMRMX	American Mutual	Pair Corr
0.87	AMFFX	American Mutual	Pair Corr
0.86	AMFCX	American Mutual	Pair Corr
0.91	DODGX	Dodge Stock Fund	Pair Corr
0.92	VIVAX	Vanguard Value Index	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VITSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr
0.67	GQLOX	Gmo Quality Fund	Pair Corr
0.82	GAB	Gabelli Equity Trust	Pair Corr
0.88	ANCIX	Ancora Microcap	Pair Corr
0.89	CSQ	Calamos Strategic Total	Pair Corr
0.69	FHCOX	Federated Hermes Con	Pair Corr
0.91	TAAIX	Thrivent Aggressive	Pair Corr
0.93	VSEQX	Vanguard Strategic Equity	Pair Corr
0.9	SWPPX	Schwab Sp 500	Pair Corr
0.9	VIIIX	Vanguard Institutional	Pair Corr
0.88	ILESX	Fisher Investments	Pair Corr

Related Correlations Analysis

	CISMX	CIMDX	CILRX	CFSMX	VVONX
CISMX		0.95	-0.63	1.0	0.92	CISMX
CIMDX	0.95		-0.5	0.95	0.85	CIMDX
CILRX	-0.63	-0.5		-0.63	-0.61	CILRX
CFSMX	1.0	0.95	-0.63		0.92	CFSMX
VVONX	0.92	0.85	-0.61	0.92		VVONX
	CISMX	CIMDX	CILRX	CFSMX	VVONX

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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

CFSMX	+ 1.0	CISMX
CIMDX	+ 0.95	CISMX
CFSMX	+ 0.95	CIMDX
VVONX	+ 0.92	CISMX
VVONX	+ 0.92	CFSMX
VVONX	+ 0.85	CIMDX

High negative correlations

CFSMX	- 0.63	CILRX
CILRX	- 0.63	CISMX
VVONX	- 0.61	CILRX
CILRX	- 0.5	CIMDX

Risk-Adjusted Indicators

There is a big difference between Clarkston Mutual Fund performing well and Clarkston 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 Clarkston 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CISMX	0.55	0.05	0.00	0.21	0.52	(0.60)	1.28	(0.96)	2.80
CIMDX	0.48	0.03	(0.07)	0.19	0.43	(0.56)	1.00	(0.93)	2.40
CILRX	0.74	(0.14)	0.00	(0.39)	0.00	0.00	1.30	(1.45)	4.86
CFSMX	0.55	0.05	0.00	0.21	0.50	(0.59)	1.28	(0.96)	2.77
VVONX	0.87	0.05	0.08	0.16	0.91	(1.03)	1.84	(1.47)	6.35

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