Hotchkis And Correlations

HWNIX Fund

USD 12.88 0.14 1.08%

The current 90-days correlation between Hotchkis And Wiley and One Choice In is 0.71 (i.e., Poor 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

Very weak diversification

The correlation between Hotchkis And Wiley and DJI is 0.56 (i.e., Very 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

0.93	HWGIX	Hotchkis Wiley Global	Pair Corr
0.65	HWHAX	Hotchkis Wiley High	Pair Corr
0.93	HWGAX	Hotchkis Wiley Global	Pair Corr
0.65	HWHIX	Hotchkis Wiley High	Pair Corr
0.68	HWHZX	Hotchkis Wiley High	Pair Corr
0.97	HWTIX	Hotchkis Wiley Inter	Pair Corr
0.98	DOXFX	Dodge Cox International	Pair Corr
0.98	OANIX	Oakmark International	Pair Corr
0.98	DODFX	Dodge International Stock	Pair Corr
0.98	OAKIX	Oakmark International	Pair Corr
0.98	OAYIX	Oakmark International	Pair Corr
0.98	OAZIX	Oakmark International	Pair Corr
0.99	FINVX	Fidelity Series Inte	Pair Corr
0.9	VTRIX	Vanguard International	Pair Corr
1.0	RRIGX	T Rowe Price	Pair Corr
0.86	GAAKX	Gmo Alternative Allo	Pair Corr
0.86	GAAGX	Gmo Alternative Allo	Pair Corr
0.92	GPBFX	Gmo E Plus	Pair Corr

Moving against Hotchkis Mutual Fund

0.61	HWMAX	Hotchkis Wiley Mid	Pair Corr
0.61	HWMIX	Hotchkis Wiley Mid	Pair Corr
0.6	HWMZX	Hotchkis Wiley Mid	Pair Corr
0.55	HWSCX	Hotchkis Wiley Small	Pair Corr
0.54	HWSAX	Hotchkis And Wiley	Pair Corr
0.54	HWSIX	Hotchkis Wiley Small	Pair Corr
0.54	HWSZX	Hotchkis Wiley Small	Pair Corr
0.89	PQTAX	Pimco Trends Managed	Pair Corr
0.88	PQTNX	Pimco Trends Managed	Pair Corr
0.88	PQTIX	Aa Pimco Tr	Pair Corr
0.8	GPMFX	Guidepath Managed Futures	Pair Corr
0.68	HWVIX	Hotchkis Wiley Small	Pair Corr
0.68	HWVZX	Hotchkis Wiley Small	Pair Corr
0.68	HWVAX	Hotchkis Wiley Small	Pair Corr

Related Correlations Analysis

	ARTOX	BTRIX	TBLDX	JLMOX	JLAEX	FHRVX	SXMAX	PGFCX
ARTOX		0.48	0.95	0.93	0.83	0.84	0.8	0.9	ARTOX
BTRIX	0.48		0.46	0.65	0.81	0.81	0.46	0.73	BTRIX
TBLDX	0.95	0.46		0.97	0.88	0.88	0.66	0.93	TBLDX
JLMOX	0.93	0.65	0.97		0.95	0.96	0.69	0.98	JLMOX
JLAEX	0.83	0.81	0.88	0.95		0.99	0.62	0.98	JLAEX
FHRVX	0.84	0.81	0.88	0.96	0.99		0.62	0.97	FHRVX
SXMAX	0.8	0.46	0.66	0.69	0.62	0.62		0.68	SXMAX
PGFCX	0.9	0.73	0.93	0.98	0.98	0.97	0.68		PGFCX
	ARTOX	BTRIX	TBLDX	JLMOX	JLAEX	FHRVX	SXMAX	PGFCX

Click cells to compare fundamentals

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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
ARTOX	0.33	(0.01)	0.00	(0.10)	0.00	0.00	0.63	(0.88)	2.01
BTRIX	0.20	0.02	0.28	0.22	0.17	(0.25)	0.44	(0.44)	1.22
TBLDX	0.37	0.01	0.00	(0.05)	0.00	0.00	0.70	(0.80)	2.12
JLMOX	0.32	0.01	0.00	(0.04)	0.00	0.00	0.64	(0.63)	1.75
JLAEX	0.24	0.02	0.17	0.00	0.30	(0.29)	0.52	(0.52)	1.32
FHRVX	0.29	0.02	0.16	0.00	0.38	(0.30)	0.56	(0.61)	1.71
SXMAX	0.52	(0.08)	0.00	(0.27)	0.00	0.00	0.76	(0.96)	8.55
PGFCX	0.29	0.01	0.13	(0.03)	0.39	(0.35)	0.67	(0.48)	1.75

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