Chartwell Short Correlations

Mutual Funds . USA . 
Fund . Chartwell Short Duration
CWFIX Fund  USD 9.64  0.01  0.10%   
The current 90-days correlation between Chartwell Short Duration and Fpa Queens Road is 0.6 (i.e., Poor 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

Very weak diversification

The correlation between Chartwell Short Duration and DJI is 0.47 (i.e., Very weak 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 various price indices.

Moving together with Chartwell Mutual Fund

  0.97VWEAX Vanguard High YieldPairCorr
  0.97VWEHX Vanguard High YieldPairCorr
  0.95BHYCX Blackrock Hi YldPairCorr
  0.95BHYIX Blackrock High YieldPairCorr
  0.95BHYSX Blackrock Hi YldPairCorr
  0.96BHYAX Blackrock High YieldPairCorr
  0.96FAHHX American Funds AmericanPairCorr
  0.96FTAHX American Funds AmericanPairCorr
  0.96AHTFX American High IncomePairCorr
  0.95AHTCX American High IncomePairCorr
  0.88MGHRX Morgan Stanley InstiPairCorr
  0.89MBIRX Morgan Stanley InsightPairCorr
  0.87MGRPX Growth Portfolio ClassPairCorr
  0.89MCRTX Morgan Stanley MultiPairCorr
  0.88ONERX One Rock FundPairCorr
  0.86MSGUX Growth Portfolio ClassPairCorr
  0.87MSCMX Morgan Stanley MultiPairCorr
  0.72JNJ Johnson JohnsonPairCorr
  0.8AXP American ExpressPairCorr
  0.79BAC Bank of America Aggressive PushPairCorr
  0.68CAT Caterpillar Earnings Call This WeekPairCorr
  0.64XOM Exxon Mobil Corp Earnings Call Next WeekPairCorr
  0.71IBM International BusinessPairCorr
  0.78AA Alcoa Corp Buyout TrendPairCorr
  0.61JPM JPMorgan ChasePairCorr

Moving against Chartwell Mutual Fund

  0.44DIS Walt Disney Sell-off TrendPairCorr
  0.42KO Coca Cola Aggressive PushPairCorr

Related Correlations Analysis


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.

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