Hotchkis Wiley Correlations
| HWACX Fund | USD 34.10 0.28 0.81% |
The current 90-days correlation between Hotchkis Wiley Value and Timothy Plan Conservative is 0.88 (i.e., Very poor diversification). The correlation of Hotchkis Wiley 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 Wiley Correlation With Market
Poor diversification
The correlation between Hotchkis Wiley Value and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotchkis Wiley Value and DJI in the same portfolio, assuming nothing else is changed.
Hotchkis |
Moving together with Hotchkis Mutual Fund
| 0.95 | HOMPX | Hw Opportunities | PairCorr |
| 1.0 | HWAAX | Hotchkis Wiley Value | PairCorr |
| 1.0 | HWAIX | Hotchkis Wiley Value | PairCorr |
| 1.0 | HWAZX | Hotchkis Wiley Value | PairCorr |
| 0.91 | HWCAX | Hotchkis Wiley Diver | PairCorr |
| 0.91 | HWCIX | Hotchkis Wiley Diver | PairCorr |
| 0.79 | HWGIX | Hotchkis Wiley Global | PairCorr |
| 0.81 | HWHAX | Hotchkis Wiley High | PairCorr |
| 0.79 | HWGAX | Hotchkis Wiley Global | PairCorr |
| 0.8 | HWHIX | Hotchkis Wiley High | PairCorr |
| 0.81 | HWHZX | Hotchkis Wiley High | PairCorr |
| 0.91 | HWLAX | Hotchkis Wiley Large | PairCorr |
| 0.91 | HWLIX | Hotchkis Wiley Large | PairCorr |
| 0.92 | HWLZX | Hotchkis Wiley Large | PairCorr |
| 0.61 | HWTIX | Hotchkis Wiley Inter | PairCorr |
| 0.71 | FLPKX | Fidelity Low Priced | PairCorr |
| 0.71 | FLPSX | Fidelity Low Priced | PairCorr |
| 0.68 | VMVAX | Vanguard Mid Cap | PairCorr |
| 0.67 | VMVIX | Vanguard Mid Cap | PairCorr |
Related Correlations Analysis
| 0.56 | 0.79 | 0.58 | 0.94 | 0.65 | 0.55 | TIICX | ||
| 0.56 | 0.78 | 0.67 | 0.58 | 0.6 | 0.39 | XWDIX | ||
| 0.79 | 0.78 | 0.9 | 0.82 | 0.89 | 0.7 | WCAFX | ||
| 0.58 | 0.67 | 0.9 | 0.6 | 0.95 | 0.89 | MDBLX | ||
| 0.94 | 0.58 | 0.82 | 0.6 | 0.62 | 0.48 | VYRPX | ||
| 0.65 | 0.6 | 0.89 | 0.95 | 0.62 | 0.88 | EIIMX | ||
| 0.55 | 0.39 | 0.7 | 0.89 | 0.48 | 0.88 | QDARX | ||
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Risk-Adjusted Indicators
There is a big difference between Hotchkis Mutual Fund performing well and Hotchkis Wiley 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 Wiley'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIICX | 0.37 | 0.01 | 0.00 | (0.03) | 0.00 | 0.78 | 1.57 | |||
| XWDIX | 0.20 | (0.02) | 0.00 | (0.34) | 0.00 | 0.33 | 1.59 | |||
| WCAFX | 0.25 | 0.00 | 0.13 | (0.05) | 0.35 | 0.57 | 1.62 | |||
| MDBLX | 0.23 | 0.02 | 0.31 | 0.31 | 0.15 | 0.50 | 1.38 | |||
| VYRPX | 0.20 | 0.00 | 0.00 | (0.05) | 0.00 | 0.48 | 1.17 | |||
| EIIMX | 0.31 | 0.03 | 0.23 | 0.38 | 0.28 | 0.63 | 1.91 | |||
| QDARX | 0.08 | 0.04 | 0.89 | 1.36 | 0.00 | 0.25 | 0.49 |