Chartwell Small Correlations

CWSGX Fund

USD 16.09 0.11 0.68%

The current 90-days correlation between Chartwell Small Cap and T Rowe Price is 0.52 (i.e., Very weak diversification). The correlation of Chartwell Small 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.

Chartwell Small Correlation With Market

Very weak diversification

The correlation between Chartwell Small Cap and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chartwell Small Cap 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 Chartwell Small Cap. 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 CHARTWELL Mutual Fund

0.86	HIGCX	Eagle Growth Income	Pair Corr
0.86	HIGUX	Eagle Growth Income	Pair Corr
0.87	CWSIX	Chartwell Small Cap	Pair Corr
0.87	CWSHX	Carillon Chartwell Small	Pair Corr
0.87	CWSCX	Carillon Chartwell Small	Pair Corr
1.0	CWSAX	Carillon Chartwell Small	Pair Corr
1.0	CWSBX	Carillon Chartwell Small	Pair Corr
0.87	CWSWX	Carillon Chartwell Small	Pair Corr
1.0	CWSRX	Columbia Large Cap	Pair Corr
0.89	UMBMX	Scout Mid Cap	Pair Corr
0.96	UMBHX	Scout Small Cap	Pair Corr
0.89	BERDX	Carillon Chartwell Mid	Pair Corr
0.89	BERBX	Carillon Chartwell Mid	Pair Corr
0.89	BERCX	Berwyn Cornerstone	Pair Corr
0.8	HRCCX	Eagle Capital Apprec	Pair Corr
0.79	HRCIX	Eagle Capital Apprec	Pair Corr
0.91	HRAUX	Eagle Mid Cap	Pair Corr
0.8	HRCPX	Eagle Capital Apprec	Pair Corr
0.79	HRCUX	Eagle Capital Apprec	Pair Corr
0.86	HRCVX	Eagle Growth Income	Pair Corr
0.91	HRSCX	Eagle Small Cap	Pair Corr
0.91	HAGIX	Eagle Mid Cap	Pair Corr
0.91	HAGAX	Eagle Mid Cap	Pair Corr

Moving against CHARTWELL Mutual Fund

0.59	CWFAX	Chartwell Short Duration	Pair Corr
0.57	CWFRX	Carillon Chartwell Short	Pair Corr
0.56	CWFIX	Chartwell Short Duration	Pair Corr
0.54	CWFCX	Carillon Chartwell Short	Pair Corr

Related Correlations Analysis

	RRMGX	VVSCX	BDBPX	BPSCX	PRDMX	TRSZX	TRMIX
RRMGX		0.91	0.97	0.97	0.84	0.69	0.99	RRMGX
VVSCX	0.91		0.98	0.91	0.91	0.85	0.89	VVSCX
BDBPX	0.97	0.98		0.95	0.88	0.78	0.95	BDBPX
BPSCX	0.97	0.91	0.95		0.86	0.65	0.97	BPSCX
PRDMX	0.84	0.91	0.88	0.86		0.83	0.84	PRDMX
TRSZX	0.69	0.85	0.78	0.65	0.83		0.66	TRSZX
TRMIX	0.99	0.89	0.95	0.97	0.84	0.66		TRMIX
	RRMGX	VVSCX	BDBPX	BPSCX	PRDMX	TRSZX	TRMIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between CHARTWELL Mutual Fund performing well and Chartwell Small 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 Chartwell Small'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RRMGX	0.80	(0.18)	(0.25)	1.33	(1.62)	12.00
VVSCX	0.77	(0.10)	(0.11)	1.42	(1.45)	6.19
BDBPX	0.88	(0.13)	(0.15)	1.68	(2.21)	6.18
BPSCX	0.91	(0.21)	(0.24)	1.51	(1.91)	14.47
PRDMX	1.08	(0.12)	(0.15)	1.68	(2.47)	8.70
TRSZX	0.90	(0.05)	(0.05)	1.63	(1.64)	6.12
TRMIX	0.75	(0.19)	(0.27)	1.21	(1.35)	12.98

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