Hotchkis Wiley Correlations
| HWAAX Fund | USD 39.99 0.27 0.68% |
The current 90-days correlation between Hotchkis Wiley Value and Prudential Government Money is -0.03 (i.e., Good diversification). The correlation of Hotchkis Wiley 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 Wiley Correlation With Market
Almost no diversification
The correlation between Hotchkis Wiley Value and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotchkis Wiley Value and DJI in the same portfolio, assuming nothing else is changed.
Hotchkis |
Moving together with Hotchkis Mutual Fund
| 0.98 | JMVRX | Jpmorgan Mid Cap | PairCorr |
| 0.88 | IIF | Morgan Stanley India | PairCorr |
| 0.95 | ETV | Eaton Vance Tax | PairCorr |
| 0.82 | CLM | Cornerstone Strategic | PairCorr |
| 0.98 | ETY | Eaton Vance Tax | PairCorr |
| 0.85 | FGBRX | Templeton Global Bond | PairCorr |
| 0.97 | MNNAX | Victory Munder Multi | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.64 | INTC | Intel Aggressive Push | PairCorr |
| 0.81 | IBM | International Business | PairCorr |
| 0.9 | MMM | 3M Company | PairCorr |
| 0.77 | MSFT | Microsoft | PairCorr |
| 0.85 | AA | Alcoa Corp | PairCorr |
| 0.79 | PFE | Pfizer Inc | PairCorr |
| 0.88 | CSCO | Cisco Systems | PairCorr |
| 0.86 | DD | Dupont De Nemours | PairCorr |
| 0.92 | CAT | Caterpillar | PairCorr |
| 0.88 | AXP | American Express | PairCorr |
| 0.93 | BAC | Bank of America | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Hotchkis Mutual Fund performing well and Hotchkis Wiley 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 Wiley'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBMXX | 0.03 | 0.01 | 0.00 | (1.03) | 0.00 | 0.00 | 1.01 | |||
| FMFXX | 0.03 | 0.01 | 0.00 | (1.03) | 0.00 | 0.00 | 1.01 | |||
| MSTBX | 0.12 | 0.01 | (0.27) | (0.76) | 0.00 | 0.21 | 0.82 | |||
| ELMXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| BXDYX | 0.10 | 0.01 | (0.24) | (0.54) | 0.00 | 0.22 | 0.76 | |||
| MBSAX | 0.31 | 0.04 | (0.03) | 0.32 | 0.41 | 0.68 | 1.95 | |||
| SLDBX | 0.12 | 0.01 | (0.30) | (0.36) | 0.00 | 0.21 | 0.73 | |||
| TTRBX | 0.19 | 0.01 | (0.16) | (0.62) | 0.22 | 0.40 | 1.01 |