Hotchkis And Correlations

HWNIX Fund

USD 12.93 0.05 0.39%

The current 90-days correlation between Hotchkis And Wiley and Short Precious Metals is -0.39 (i.e., Very good diversification). The correlation of Hotchkis And 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.

Hotchkis And Correlation With Market

Weak diversification

The correlation between Hotchkis And Wiley and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotchkis And Wiley and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hotchkis And Wiley. 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 gross domestic product.

Moving together with Hotchkis Mutual Fund

0.86	HWTIX	Hotchkis Wiley Inter	Pair Corr
0.76	DOXFX	Dodge Cox International	Pair Corr
0.93	OANIX	Oakmark International	Pair Corr
0.76	DODFX	Dodge International Stock	Pair Corr
0.93	OAKIX	Oakmark International	Pair Corr
0.93	OAYIX	Oakmark International	Pair Corr
0.93	OAZIX	Oakmark International	Pair Corr
0.92	FINVX	Fidelity Series Inte	Pair Corr
0.86	VTRIX	Vanguard International	Pair Corr
0.95	RRIGX	T Rowe Price	Pair Corr

Moving against Hotchkis Mutual Fund

0.56	HWVIX	Hotchkis Wiley Small	Pair Corr
0.51	HWAAX	Hotchkis Wiley Value	Pair Corr
0.51	HWAIX	Hotchkis Wiley Value	Pair Corr
0.5	HWACX	Hotchkis Wiley Value	Pair Corr
0.5	HWHZX	Hotchkis Wiley High	Pair Corr
0.5	HWLAX	Hotchkis Wiley Large	Pair Corr
0.5	HWLIX	Hotchkis Wiley Large	Pair Corr
0.5	HWLZX	Hotchkis Wiley Large	Pair Corr
0.49	HWCAX	Hotchkis Wiley Diver	Pair Corr
0.49	HWCIX	Hotchkis Wiley Diver	Pair Corr
0.48	HWHIX	Hotchkis Wiley High	Pair Corr
0.48	HWSAX	Hotchkis And Wiley	Pair Corr
0.48	HWSCX	Hotchkis Wiley Small	Pair Corr
0.48	HWSIX	Hotchkis Wiley Small	Pair Corr
0.48	HWSZX	Hotchkis Wiley Small	Pair Corr
0.44	HWHAX	Hotchkis Wiley High	Pair Corr
0.69	FTCAX	Templeton Strained Bond	Pair Corr
0.56	HWVZX	Hotchkis Wiley Small	Pair Corr
0.56	HWVAX	Hotchkis Wiley Small	Pair Corr
0.53	BCAAX	Brandywineglobal C	Pair Corr
0.52	ANCIX	Ancora Microcap	Pair Corr
0.48	PYARX	Payden Absolute Return	Pair Corr
0.44	PYAIX	Payden Absolute Return	Pair Corr

Related Correlations Analysis

	SPPIX	XGGNX	VGSBX	USERX	FGDIX
SPPIX		-0.88	-0.17	-0.92	-0.98	SPPIX
XGGNX	-0.88		-0.03	0.91	0.88	XGGNX
VGSBX	-0.17	-0.03		-0.12	0.02	VGSBX
USERX	-0.92	0.91	-0.12		0.97	USERX
FGDIX	-0.98	0.88	0.02	0.97		FGDIX
	SPPIX	XGGNX	VGSBX	USERX	FGDIX

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

FGDIX	+ 0.97	USERX
USERX	+ 0.91	XGGNX
FGDIX	+ 0.88	XGGNX
FGDIX	+ 0.02	VGSBX

High negative correlations

FGDIX	- 0.98	SPPIX
USERX	- 0.92	SPPIX
XGGNX	- 0.88	SPPIX
VGSBX	- 0.17	SPPIX
USERX	- 0.12	VGSBX
VGSBX	- 0.03	XGGNX

Risk-Adjusted Indicators

There is a big difference between Hotchkis Mutual Fund performing well and Hotchkis And 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 Hotchkis And'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
SPPIX	1.42	0.11	(0.01)	(0.49)	1.72	(1.56)	3.24	(2.31)	10.50
XGGNX	0.56	(0.06)	0.00	(0.14)	0.00	0.00	1.20	(1.20)	3.86
VGSBX	0.28	(0.02)	0.00	0.26	0.00	0.00	0.65	(0.64)	1.71
USERX	1.42	(0.03)	(0.06)	(0.03)	1.89	(1.43)	3.05	(2.74)	10.13
FGDIX	1.34	(0.05)	0.00	(0.22)	0.00	0.00	2.67	(2.83)	9.78

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