Hotchkis Wiley Correlations

Mutual Funds . USA . 
Fund . Hotchkis Wiley Mid Cap
HWMIX Fund  USD 54.35  0.11  0.20%   
The current 90-days correlation between Hotchkis Wiley Mid and Hw Opportunities Mp is 0.89 (i.e., Very poor 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

Poor diversification

The correlation between Hotchkis Wiley Mid Cap and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotchkis Wiley Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hotchkis Wiley Mid 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 Hotchkis Mutual Fund

  0.98HOMPX Hw OpportunitiesPairCorr
  0.97HWAAX Hotchkis Wiley ValuePairCorr
  0.97HWACX Hotchkis Wiley ValuePairCorr
  0.97HWAIX Hotchkis Wiley ValuePairCorr
  0.98HWAZX Hotchkis Wiley ValuePairCorr
  0.98HWCAX Hotchkis Wiley DiverPairCorr
  0.98HWCIX Hotchkis Wiley DiverPairCorr
  0.97HWGIX Hotchkis Wiley GlobalPairCorr
  0.97HWHAX Hotchkis Wiley HighPairCorr
  0.97HWGAX Hotchkis Wiley GlobalPairCorr
  0.97HWHIX Hotchkis Wiley HighPairCorr
  0.97HWHZX Hotchkis Wiley HighPairCorr
  0.99HWLAX Hotchkis Wiley LargePairCorr
  0.99HWLIX Hotchkis Wiley LargePairCorr
  1.0HWMZX Hotchkis Wiley MidPairCorr
  0.95HWNIX Hotchkis And WileyPairCorr
  0.99HWLZX Hotchkis Wiley LargePairCorr
  1.0HWMAX Hotchkis Wiley MidPairCorr
  0.99HWSAX Hotchkis And WileyPairCorr
  0.99HWSCX Hotchkis Wiley SmallPairCorr
  0.99HWSIX Hotchkis Wiley SmallPairCorr
  0.99HWSZX Hotchkis Wiley SmallPairCorr
  0.98HWVIX Hotchkis Wiley SmallPairCorr
  0.98HWVZX Hotchkis Wiley SmallPairCorr
  0.98HWVAX Hotchkis Wiley SmallPairCorr
  0.97VMVAX Vanguard Mid CapPairCorr
  0.98JVMAX John Hancock DisciplinedPairCorr
  0.98JVMIX John Hancock DisciplinedPairCorr
  0.97VMVIX Vanguard Mid CapPairCorr
  0.96JMVZX Jpmorgan Mid CapPairCorr
  0.96JMVRX Jpmorgan Mid CapPairCorr
  0.96JMVQX Jpmorgan Mid CapPairCorr
  0.96JMVYX Jpmorgan Mid CapPairCorr
  0.96JMVPX Jpmorgan Mid CapPairCorr
  0.95VETAX Victory Sycamore EstPairCorr
  0.97CPAYX Columbia Pacific/asiaPairCorr
  0.96CASAX Columbia Pacific/asiaPairCorr
  0.96CASCX Columbia PacificasiaPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HOMPX  0.76  0.08  0.06  0.23  0.64 
(0.90)
 2.26 
(1.20)
 5.27 
HWAAX  0.65  0.06  0.04  0.20  0.63 
(0.70)
 1.77 
(1.39)
 4.40 
HWACX  0.65  0.06  0.03  0.20  0.64 
(0.69)
 1.77 
(1.41)
 4.38 
HWAIX  0.65  0.06  0.04  0.21  0.63 
(0.69)
 1.77 
(1.39)
 4.42 
HWAZX  0.65  0.06  0.04  0.21  0.62 
(0.71)
 1.77 
(1.39)
 4.42 
HWCAX  0.69  0.04  0.03  0.18  0.60 
(0.74)
 1.78 
(1.14)
 5.21 
HWCIX  0.68  0.04  0.03  0.18  0.61 
(0.74)
 1.75 
(1.17)
 5.17 
HWGIX  0.58  0.08  0.05  0.24  0.54 
(0.65)
 1.46 
(1.22)
 3.47 
HWHAX  0.15  0.05 (0.28) 0.52  0.00 
(0.22)
 0.49 
(0.19)
 1.07 
HWGAX  0.58  0.08  0.04  0.24  0.53 
(0.65)
 1.52 
(1.16)
 3.42 

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