Chartwell Short Correlations

CWFAX Fund

USD 9.64 0.01 0.10%

The current 90-days correlation between Chartwell Short Duration and Great West Inflation Protected Securities is 0.03 (i.e., Significant diversification). The correlation of Chartwell Short 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 Short Correlation With Market

Very weak diversification

The correlation between Chartwell Short Duration 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 Chartwell Short Duration 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 Short Duration. 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 nation.

Moving together with Chartwell Mutual Fund

0.81	CWFIX	Chartwell Short Duration	Pair Corr
0.82	CWFCX	Carillon Chartwell Short	Pair Corr
1.0	CWFRX	Carillon Chartwell Short	Pair Corr
0.72	CWSGX	Chartwell Small Cap	Pair Corr
0.68	BERGX	Carillon Chartwell Real	Pair Corr
0.66	BERDX	Carillon Chartwell Mid	Pair Corr
0.71	BERBX	Carillon Chartwell Mid	Pair Corr
0.71	BERAX	Carillon Chartwell Mid	Pair Corr

Related Correlations Analysis

	MXIHX	AMFAX	FIFGX	ABNOX	MFTFX	FIPRX	LIPNX
MXIHX		0.11	-0.33	0.86	0.26	0.86	0.82	MXIHX
AMFAX	0.11		0.12	0.09	0.88	0.17	0.31	AMFAX
FIFGX	-0.33	0.12		-0.37	0.0	-0.26	-0.16	FIFGX
ABNOX	0.86	0.09	-0.37		0.17	0.79	0.75	ABNOX
MFTFX	0.26	0.88	0.0	0.17		0.32	0.41	MFTFX
FIPRX	0.86	0.17	-0.26	0.79	0.32		0.96	FIPRX
LIPNX	0.82	0.31	-0.16	0.75	0.41	0.96		LIPNX
	MXIHX	AMFAX	FIFGX	ABNOX	MFTFX	FIPRX	LIPNX

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

LIPNX	+ 0.96	FIPRX
MFTFX	+ 0.88	AMFAX
ABNOX	+ 0.86	MXIHX
FIPRX	+ 0.86	MXIHX
LIPNX	+ 0.82	MXIHX
FIPRX	+ 0.79	ABNOX

High negative correlations

ABNOX	- 0.37	FIFGX
FIFGX	- 0.33	MXIHX
FIPRX	- 0.26	FIFGX
LIPNX	- 0.16	FIFGX
MFTFX	- 0.0	FIFGX

Risk-Adjusted Indicators

There is a big difference between Chartwell Mutual Fund performing well and Chartwell Short 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 Short'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
MXIHX	0.11	(0.01)	(0.36)	(0.36)	0.13	(0.15)	0.21	(0.21)	0.74
AMFAX	0.65	0.02	(0.03)	0.15	0.80	(0.68)	1.21	(1.44)	3.58
FIFGX	0.76	(0.02)	0.00	(0.06)	0.00	0.00	1.56	(1.55)	3.67
ABNOX	0.07	(0.01)	0.00	(1.16)	0.00	0.00	0.19	(0.10)	0.49
MFTFX	1.13	0.18	0.10	1.09	1.06	(1.40)	2.80	(1.78)	6.84
FIPRX	0.15	(0.01)	0.00	(13.04)	0.00	0.00	0.30	(0.30)	0.99
LIPNX	0.14	(0.01)	0.00	(0.62)	0.00	0.00	0.31	(0.20)	0.92

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