Chartwell Short Correlations

Mutual Funds . USA . 
Fund . Chartwell Short Duration
CWFAX Fund  USD 9.63  0.01  0.10%   
The current 90-days correlation between Chartwell Short Duration and Chartwell Short Duration is 0.92 (i.e., Almost no 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

Poor diversification

The correlation between Chartwell Short Duration and DJI is 0.61 (i.e., Poor 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

  1.0CWFIX Chartwell Short DurationPairCorr
  1.0CWFCX Carillon Chartwell ShortPairCorr
  1.0CWFRX Carillon Chartwell ShortPairCorr
  0.9HIGCX Eagle Growth IncomePairCorr
  0.9HIGJX Eagle Growth IncomePairCorr
  0.9HIGUX Eagle Growth IncomePairCorr
  0.76CWSIX Chartwell Small CapPairCorr
  0.93CWSGX Chartwell Small CapPairCorr
  0.68CWSHX Carillon Chartwell SmallPairCorr
  0.69CWSCX Carillon Chartwell SmallPairCorr
  0.93CWSAX Carillon Chartwell SmallPairCorr
  0.93CWSBX Carillon Chartwell SmallPairCorr
  0.7CWSWX Carillon Chartwell SmallPairCorr
  0.93CWSRX Columbia Large CapPairCorr
  0.8SUBTX Carillon Reams UnconPairCorr
  0.79SUBDX Carillon Reams UnconPairCorr
  0.81SUBFX Scout Unconstrained BondPairCorr
  0.79SUBEX Carillon Reams UnconPairCorr
  0.65SCPWX Carillon Reams CorePairCorr
  0.63SCPZX Scout E PlusPairCorr
  0.94UMBMX Scout Mid CapPairCorr
  0.92UMBHX Scout Small CapPairCorr
  0.94BERSX Carillon Chartwell RealPairCorr
  0.95BERIX Berwyn IncomePairCorr
  0.91BERGX Carillon Chartwell RealPairCorr
  0.94BERHX Carillon Chartwell RealPairCorr
  0.86BERDX Carillon Chartwell MidPairCorr
  0.86BERBX Carillon Chartwell MidPairCorr
  0.9BERCX Berwyn CornerstonePairCorr
  0.9BERAX Carillon Chartwell MidPairCorr
  0.95HRCCX Eagle Capital ApprecPairCorr
  0.95HRCIX Eagle Capital ApprecPairCorr
  0.95HRAUX Eagle Mid CapPairCorr
  0.95HRCPX Eagle Capital ApprecPairCorr
  0.95HRCUX Eagle Capital ApprecPairCorr
  0.87HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CWFIX  0.10  0.02 (0.09) 0.36  0.00 
(0.15)
 0.21 
(0.21)
 0.64 
CWFCX  0.11  0.01 (0.09) 0.30  0.00 
(0.15)
 0.21 
(0.21)
 0.75 
CWFAX  0.12  0.02 (0.08) 0.35  0.00 
(0.16)
 0.32 
(0.32)
 0.75 
CWFRX  0.12  0.02 (0.08) 0.34  0.00 
(0.16)
 0.32 
(0.32)
 0.75 
HIGCX  0.85  0.02  0.01  0.07  1.47 
(0.85)
 1.66 
(1.93)
 9.39 
HIGJX  0.85  0.03  0.01  0.08  1.49 
(0.86)
 1.66 
(1.92)
 9.40 
HIGUX  0.85  0.03  0.01  0.08  1.41 
(0.88)
 1.62 
(1.93)
 9.38 
CWSIX  1.38 (0.05)(0.02) 0.00  2.11 
(1.43)
 2.65 
(3.20)
 13.92 
CWSGX  1.33  0.04  0.02  0.08  1.94 
(1.39)
 2.41 
(2.86)
 14.50 
CWSHX  1.38 (0.01) 0.00  0.17  0.00 
 0.00 
 2.57 
(3.20)
 13.77 

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