Chartwell Small Correlations

Mutual Funds . USA . 
Fund . Chartwell Small Cap
CWSIX Fund  USD 15.19  0.02  0.13%   
The current 90-days correlation between Chartwell Small Cap and Chartwell Short Duration is 0.32 (i.e., Weak diversification). The correlation of Chartwell Small 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 Small Correlation With Market

Average diversification

The correlation between Chartwell Small Cap and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chartwell Small Cap 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 Small Cap. 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 Chartwell Mutual Fund

  0.7HIGCX Eagle Growth IncomePairCorr
  0.78HIGUX Eagle Growth IncomePairCorr
  0.87CWSHX Carillon Chartwell SmallPairCorr
  1.0CWSCX Carillon Chartwell SmallPairCorr
  1.0CWSWX Carillon Chartwell SmallPairCorr
  0.76UMBMX Scout Mid CapPairCorr
  0.79BERDX Carillon Chartwell MidPairCorr
  0.8BERBX Carillon Chartwell MidPairCorr
  0.79BERAX Carillon Chartwell MidPairCorr
  0.76HRCVX Eagle Growth IncomePairCorr
  0.69HRSCX Eagle Small CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Chartwell Mutual Fund performing well and Chartwell Small 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 Small'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  0.07  0.01 (0.28) 0.56  0.00 
(0.13)
 0.11 
(0.10)
 0.83 
CWFCX  0.06  0.00 (0.38) 0.48  0.00 
(0.11)
 0.10 
(0.10)
 0.42 
CWFAX  0.06  0.01 (0.44) 6.77  0.00 
(0.13)
 0.21 
(0.10)
 0.31 
CWFRX  0.06  0.00 (0.40) 0.00  0.00 
(0.13)
 0.21 
(0.10)
 0.32 
HIGCX  0.51 (0.05)(0.08) 0.00  0.71 
(0.49)
 1.04 
(1.12)
 2.97 
HIGJX  0.51 (0.01) 0.00 (0.26) 0.00 
 0.00 
 1.07 
(1.14)
 2.98 
HIGUX  0.50  0.00 (0.08) 0.04  0.68 
(0.50)
 1.02 
(1.10)
 2.98 
CWSIX  0.87  0.01 (0.03) 0.08  1.11 
(0.93)
 2.29 
(1.57)
 5.54 
CWSGX  1.20 (0.05)(0.01) 0.03  1.65 
(1.16)
 2.28 
(2.38)
 7.35 
CWSHX  0.86  0.03 (0.02) 1.42  1.07 
(0.96)
 2.23 
(1.56)
 5.51 

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