Aristotle Funds Correlations

ARAHX Fund

6.93 0.06 0.86%

The current 90-days correlation between Aristotle Funds Series and Aristotle Funds Series is 0.75 (i.e., Poor diversification). The correlation of Aristotle Funds 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 Funds Correlation With Market

Modest diversification

The correlation between Aristotle Funds Series and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aristotle Funds Series 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 Funds Series. 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 rate.

Moving together with Aristotle Mutual Fund

0.88	ARALX	Aristotle Funds Series	Pair Corr
0.64	ARAGX	Aristotle Funds Series	Pair Corr
1.0	ARABX	Aristotle Funds Series	Pair Corr
0.64	ARAQX	Aristotle Value Eq	Pair Corr
0.64	ARIQX	Aristotle Value Eq	Pair Corr
0.88	ARILX	Aristotle Funds Series	Pair Corr
1.0	ARIHX	Aristotle Funds Series	Pair Corr
0.99	ARIBX	Aristotle Funds Series	Pair Corr
1.0	ARRBX	Aristotle Funds Series	Pair Corr
0.66	ARRQX	Aristotle Value Equity	Pair Corr
1.0	AIBBX	Aristotle Funds Series	Pair Corr
0.79	AIGGX	Aristotle Growth Equity	Pair Corr
1.0	AIHHX	Aristotle Funds Series	Pair Corr
0.87	AILLX	Aristotle Funds Series	Pair Corr
0.66	AIQQX	Aristotle Funds Series	Pair Corr
0.64	AISHX	Aristotle Funds Series	Pair Corr
0.99	AISBX	Ing Series Fund	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.95	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSCPX	Vanguard Small Cap	Pair Corr
0.96	NAESX	Vanguard Small Cap	Pair Corr
0.98	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.81	PASVX	T Rowe Price	Pair Corr
0.8	PRVIX	T Rowe Price	Pair Corr
0.79	TRZVX	T Rowe Price	Pair Corr
0.8	PRSVX	T Rowe Price	Pair Corr
0.84	QALGX	Federated Mdt Large	Pair Corr

Moving against Aristotle Mutual Fund

0.38	NHS	Neuberger Berman High	Pair Corr
0.33	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	ARALX	ARAGX	ARAFX	ARABX	ARAQX	ARIOX	ARIQX	ARILX	ARIFX
ARALX		0.88	-0.47	0.85	0.32	-0.32	0.33	1.0	-0.47	ARALX
ARAGX	0.88		-0.6	0.59	-0.12	-0.71	-0.11	0.89	-0.6	ARAGX
ARAFX	-0.47	-0.6		-0.08	0.41	0.56	0.41	-0.47	1.0	ARAFX
ARABX	0.85	0.59	-0.08		0.68	0.04	0.68	0.85	-0.08	ARABX
ARAQX	0.32	-0.12	0.41	0.68		0.71	1.0	0.32	0.41	ARAQX
ARIOX	-0.32	-0.71	0.56	0.04	0.71		0.7	-0.32	0.55	ARIOX
ARIQX	0.33	-0.11	0.41	0.68	1.0	0.7		0.32	0.4	ARIQX
ARILX	1.0	0.89	-0.47	0.85	0.32	-0.32	0.32		-0.47	ARILX
ARIFX	-0.47	-0.6	1.0	-0.08	0.41	0.55	0.4	-0.47		ARIFX
	ARALX	ARAGX	ARAFX	ARABX	ARAQX	ARIOX	ARIQX	ARILX	ARIFX

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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

ARILX	+ 1.0	ARALX
ARIFX	+ 1.0	ARAFX
ARIQX	+ 1.0	ARAQX
ARILX	+ 0.89	ARAGX
ARAGX	+ 0.88	ARALX
ARABX	+ 0.85	ARALX

High negative correlations

ARIOX	- 0.71	ARAGX
ARIFX	- 0.6	ARAGX
ARAFX	- 0.6	ARAGX
ARIFX	- 0.47	ARILX
ARILX	- 0.47	ARAFX
ARIFX	- 0.47	ARALX

Risk-Adjusted Indicators

There is a big difference between Aristotle Mutual Fund performing well and Aristotle Funds 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 Funds' 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
ARALX	0.60	0.04	0.02	0.24	1.03	(0.59)	1.15	(1.73)	5.70
ARAGX	0.72	0.12	0.07	1.63	1.02	(0.72)	1.42	(1.53)	5.77
ARAFX	0.56	(0.13)	0.00	(0.52)	0.00	0.00	1.11	(1.65)	4.77
ARABX	0.76	(0.02)	(0.03)	(0.03)	0.95	(0.89)	1.56	(1.39)	8.91
ARAQX	0.61	(0.13)	0.00	(0.50)	0.00	0.00	1.00	(1.17)	5.38
ARIOX	1.02	(0.53)	0.00	(1.20)	0.00	0.00	0.90	(1.38)	27.56
ARIQX	0.61	(0.13)	0.00	(0.51)	0.00	0.00	0.98	(1.19)	5.59
ARILX	0.63	0.04	0.02	0.31	1.04	(0.62)	1.10	(1.69)	5.71
ARIFX	0.56	(0.12)	0.00	(0.52)	0.00	0.00	1.12	(1.42)	4.79

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