Channing Intrinsic Correlations

Mutual Funds USA . 
Fund . Channing Intrinsic Value
OWLLX Fund  USD 11.92  0.03  0.25%   
The current 90-days correlation between Channing Intrinsic Value and Franklin Federal Intermediate Term is -0.05 (i.e., Good diversification). The correlation of Channing Intrinsic 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.

Channing Intrinsic Correlation With Market

Poor diversification

The correlation between Channing Intrinsic Value and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Channing Intrinsic Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Channing Intrinsic Value. 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 board of governors.

Moving together with Channing Mutual Fund

  0.89VSMAX Vanguard Small CapPairCorr
  0.89VSCIX Vanguard Small CapPairCorr
  0.89VSCPX Vanguard Small CapPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.85FSSNX Fidelity Small CapPairCorr
  0.93DFSTX Us Small CapPairCorr
  0.92FTHSX Fuller Thaler BehavioralPairCorr
  0.91FTHNX Fuller Thaler BehavioralPairCorr
  0.85VSTSX Vanguard Total StockPairCorr
  0.85VSMPX Vanguard Total StockPairCorr
  0.85VITSX Vanguard Total StockPairCorr
  0.82VFFSX Vanguard 500 IndexPairCorr
  0.82VFIAX Vanguard 500 IndexPairCorr
  0.85VTSAX Vanguard Total StockPairCorr
  0.8VTSNX Vanguard Total InterPairCorr
  0.78VTISX Vanguard Total InterPairCorr
  0.79VTPSX Vanguard Total InterPairCorr
  0.82VINIX Vanguard InstitutionalPairCorr
  0.63OGMIX Oppenheimer Gold Special Steady GrowthPairCorr
  0.78PASCX All Asset FundPairCorr
  0.77SMACX Moderately ServativePairCorr
  0.74EMDIX Federated Emerging MarketPairCorr
  0.7ASCLX Ab Select LongshortPairCorr
  0.74VGPMX Vanguard Global CapitalPairCorr
  0.64OEPIX Oil Equipment ServicesPairCorr
  0.85HCVAX The Hartford ServativePairCorr
  0.74BFGBX Blackrock CapitalPairCorr
  0.76RSIPX Columbia DisciplinedPairCorr
  0.9SPXKX Sp 500 IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Channing Mutual Fund performing well and Channing Intrinsic 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 Channing Intrinsic'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
OWLLX  0.82 (0.05)(0.03) 0.03  1.05 
(0.84)
 2.00 
(1.57)
 4.32 
FKQTX  0.07  0.01 (0.51) 0.54  0.00 
(0.13)
 0.18 
(0.17)
 0.44 
LZSCX  0.94 (0.05)(0.02) 0.03  1.25 
(0.97)
 2.02 
(2.05)
 5.42 
LOWAX  0.41  0.03 (0.05) 3.31  0.58 
(0.39)
 0.85 
(0.86)
 2.26 
XJCEX  0.55  0.00 (0.01) 0.07  0.85 
(0.50)
 1.14 
(1.46)
 3.80 
IIBWX  0.15  0.01 (0.28) 0.34  0.11 
(0.20)
 0.34 
(0.23)
 1.02 
JLGSX  0.47 (0.01)(0.03) 0.06  0.64 
(0.46)
 0.90 
(1.02)
 2.55 
LFMAX  0.25  0.00 (0.16) 0.06  0.23 
(0.32)
 0.53 
(0.53)
 1.45 
HFYFX  0.58  0.11  0.13  0.20  0.47 
(0.68)
 1.16 
(1.02)
 5.11 
BSHIX  0.06  0.01 (0.54) 0.47  0.00 
(0.12)
 0.20 
(0.10)
 0.30 

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