Aristotle Value Correlations

ARIQX Fund

10.61 0.06 0.56%

The current 90-days correlation between Aristotle Value Eq and Aristotle Funds Series is 0.52 (i.e., Very weak diversification). The correlation of Aristotle Value 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.

Aristotle Value Correlation With Market

Very poor diversification

The correlation between Aristotle Value Eq and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aristotle Value Eq 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 Aristotle Value Eq. 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 producer price index.

Moving together with Aristotle Mutual Fund

0.61	ARABX	Aristotle Funds Series	Pair Corr
1.0	ARAQX	Aristotle Value Eq	Pair Corr
0.73	ARIBX	Aristotle Funds Series	Pair Corr
0.61	ARRBX	Aristotle Funds Series	Pair Corr
1.0	ARRQX	Aristotle Value Equity	Pair Corr
0.62	AIBBX	Aristotle Funds Series	Pair Corr
0.66	AIGGX	Aristotle Growth Equity	Pair Corr
1.0	AIQQX	Aristotle Funds Series	Pair Corr
0.87	AISHX	Aristotle Funds Series	Pair Corr

Moving against Aristotle Mutual Fund

0.33	PLEBX	Pacific Funds Esg	Pair Corr
0.31	PLEDX	Pacific Funds Esg	Pair Corr
0.63	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr

Related Correlations Analysis

	ARAGX	ARAFX	ARAHX	ARABX	ARAQX	ARIOX	ARILX	ARIFX	ARIHX	ARRQX
ARAGX		-0.54	0.86	0.81	0.26	-0.69	0.92	-0.53	0.86	0.27	ARAGX
ARAFX	-0.54		-0.45	-0.39	-0.17	0.28	-0.59	1.0	-0.45	-0.17	ARAFX
ARAHX	0.86	-0.45		0.99	0.59	-0.39	0.93	-0.44	1.0	0.6	ARAHX
ARABX	0.81	-0.39	0.99		0.61	-0.35	0.89	-0.39	0.99	0.62	ARABX
ARAQX	0.26	-0.17	0.59	0.61		0.41	0.45	-0.17	0.59	1.0	ARAQX
ARIOX	-0.69	0.28	-0.39	-0.35	0.41		-0.48	0.27	-0.4	0.4	ARIOX
ARILX	0.92	-0.59	0.93	0.89	0.45	-0.48		-0.58	0.94	0.46	ARILX
ARIFX	-0.53	1.0	-0.44	-0.39	-0.17	0.27	-0.58		-0.45	-0.17	ARIFX
ARIHX	0.86	-0.45	1.0	0.99	0.59	-0.4	0.94	-0.45		0.59	ARIHX
ARRQX	0.27	-0.17	0.6	0.62	1.0	0.4	0.46	-0.17	0.59		ARRQX
	ARAGX	ARAFX	ARAHX	ARABX	ARAQX	ARIOX	ARILX	ARIFX	ARIHX	ARRQX

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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

ARIFX	+ 1.0	ARAFX
ARIHX	+ 1.0	ARAHX
ARRQX	+ 1.0	ARAQX
ARABX	+ 0.99	ARAHX
ARIHX	+ 0.99	ARABX
ARIHX	+ 0.94	ARILX

High negative correlations

ARIOX	- 0.69	ARAGX
ARILX	- 0.59	ARAFX
ARIFX	- 0.58	ARILX
ARAFX	- 0.54	ARAGX
ARIFX	- 0.53	ARAGX
ARILX	- 0.48	ARIOX

Risk-Adjusted Indicators

There is a big difference between Aristotle Mutual Fund performing well and Aristotle Value 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 Aristotle Value'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
ARAGX	0.66	0.13	0.10	0.22	0.76	(0.70)	1.44	(1.50)	5.25
ARAFX	0.55	(0.06)	0.00	(0.15)	0.00	0.00	1.23	(1.07)	3.99
ARAHX	0.67	0.07	0.04	0.43	0.62	(0.83)	1.68	(1.24)	6.21
ARABX	0.73	0.05	0.01	0.36	0.72	(0.88)	1.70	(1.35)	7.50
ARAQX	0.52	(0.09)	0.00	(0.05)	0.00	0.00	1.07	(1.05)	4.63
ARIOX	0.94	(0.51)	0.00	(0.49)	0.00	0.00	1.02	(1.08)	27.58
ARILX	0.53	0.11	0.06	2.41	0.74	(0.57)	1.15	(1.11)	4.84
ARIFX	0.55	(0.06)	0.00	(0.15)	0.00	0.00	1.23	(1.08)	3.97
ARIHX	0.69	0.08	0.04	0.49	0.64	(0.83)	1.66	(1.21)	6.00
ARRQX	0.52	(0.09)	0.00	(0.05)	0.00	0.00	1.07	(0.98)	4.63

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