Chartwell Short Correlations

CWFIX Fund

USD 9.63 0.01 0.10%

The current 90-days correlation between Chartwell Short Duration and Ab Select Equity is 0.52 (i.e., Very weak 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 0.41 (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

0.83	VWEAX	Vanguard High Yield	Pair Corr
0.83	VWEHX	Vanguard High Yield	Pair Corr
0.76	BHYCX	Blackrock Hi Yld	Pair Corr
0.8	BHYIX	Blackrock High Yield	Pair Corr
0.79	BHYSX	Blackrock Hi Yld	Pair Corr
0.79	BHYAX	Blackrock High Yield	Pair Corr
0.93	FTCAX	Templeton Strained Bond	Pair Corr
0.92	GPICX	Guidepath Conservative	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.76	MMM	3M Company	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.79	CAT	Caterpillar	Pair Corr
0.61	MRK	Merck Company Aggressive Push	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.74	IBM	International Business	Pair Corr
0.69	AXP	American Express	Pair Corr
0.63	INTC	Intel Aggressive Push	Pair Corr

Moving against Chartwell Mutual Fund

0.81	USPSX	Profunds Ultrashort Downward Rally	Pair Corr
0.79	PDI	Pimco Dynamic Income	Pair Corr
0.78	USPIX	Profunds Ultrashort Downward Rally	Pair Corr
0.71	T	ATT Inc	Pair Corr
0.7	BA	Boeing	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.39	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	AUUIX	ABRTX	LAVVX	REMVX	FLDFX	DHGAX	EXDAX
AUUIX		0.89	0.88	0.92	0.96	0.78	0.79	AUUIX
ABRTX	0.89		0.75	0.93	0.88	0.86	0.77	ABRTX
LAVVX	0.88	0.75		0.85	0.89	0.76	0.74	LAVVX
REMVX	0.92	0.93	0.85		0.91	0.87	0.79	REMVX
FLDFX	0.96	0.88	0.89	0.91		0.86	0.87	FLDFX
DHGAX	0.78	0.86	0.76	0.87	0.86		0.9	DHGAX
EXDAX	0.79	0.77	0.74	0.79	0.87	0.9		EXDAX
	AUUIX	ABRTX	LAVVX	REMVX	FLDFX	DHGAX	EXDAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUUIX	0.48	0.02	0.03	0.05	0.74	(0.45)	1.01	(0.87)	3.34
ABRTX	0.47	0.06	0.05	(1.69)	0.61	(0.47)	1.18	(1.07)	3.81
LAVVX	0.46	0.03	0.04	0.06	0.57	(0.49)	0.99	(0.98)	3.08
REMVX	0.65	0.12	0.12	0.20	0.71	(0.73)	1.38	(0.83)	4.64
FLDFX	0.41	0.02	0.02	0.05	0.56	(0.40)	0.89	(0.73)	2.65
DHGAX	0.12	0.02	0.01	0.41	0.00	(0.15)	0.25	(0.20)	0.74
EXDAX	0.17	0.01	(0.03)	0.05	0.12	(0.21)	0.37	(0.36)	0.95

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