Aristotle Value Correlations

ARRQX Fund

21.43 0.64 2.90%

The current 90-days correlation between Aristotle Value Equity and Prudential Core Conservative is 0.06 (i.e., Significant 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 Equity and DJI is 0.87 (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 Equity 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 Equity. 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

1.0	ARAQX	Aristotle Value Eq	Pair Corr
1.0	ARIQX	Aristotle Value Eq	Pair Corr
0.71	ARIBX	Aristotle Funds Series	Pair Corr
0.74	AIGGX	Aristotle Growth Equity	Pair Corr
1.0	AIQQX	Aristotle Funds Series	Pair Corr
0.78	AISHX	Aristotle Funds Series	Pair Corr

Moving against Aristotle Mutual Fund

0.61

UIPIX

Ultrashort Mid Cap Steady Growth

Pair Corr

Related Correlations Analysis

	PQCNX	ACV	BICPX	JPDVX	LIGFX	QDARX
PQCNX		-0.32	0.67	0.2	-0.05	0.47	PQCNX
ACV	-0.32		0.41	0.63	0.84	-0.73	ACV
BICPX	0.67	0.41		0.68	0.59	-0.11	BICPX
JPDVX	0.2	0.63	0.68		0.89	-0.16	JPDVX
LIGFX	-0.05	0.84	0.59	0.89		-0.47	LIGFX
QDARX	0.47	-0.73	-0.11	-0.16	-0.47		QDARX
	PQCNX	ACV	BICPX	JPDVX	LIGFX	QDARX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LIGFX	+ 0.89	JPDVX
LIGFX	+ 0.84	ACV
JPDVX	+ 0.68	BICPX
BICPX	+ 0.67	PQCNX
JPDVX	+ 0.63	ACV
LIGFX	+ 0.59	BICPX

High negative correlations

QDARX	- 0.73	ACV
QDARX	- 0.47	LIGFX
ACV	- 0.32	PQCNX
QDARX	- 0.16	JPDVX
QDARX	- 0.11	BICPX
LIGFX	- 0.05	PQCNX

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
PQCNX	0.23	(0.06)	0.00	(0.85)	0.00	0.00	0.35	(0.69)	1.40
ACV	0.71	0.08	0.08	0.13	0.80	(0.78)	1.47	(1.30)	4.23
BICPX	0.18	(0.02)	0.00	(0.17)	0.00	0.00	0.44	(0.43)	1.30
JPDVX	0.42	(0.06)	0.00	(0.08)	0.00	0.00	0.86	(0.80)	2.72
LIGFX	0.26	(0.03)	0.00	(0.05)	0.00	0.00	0.55	(0.49)	1.23
QDARX	0.13	(0.05)	0.00	(0.75)	0.00	0.00	0.16	(0.33)	0.73

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC