Chartwell Small Correlations

Mutual Funds . USA . 
Fund . Chartwell Small Cap
CWSGX Fund  USD 16.95  0.08  0.47%   
The current 90-days correlation between Chartwell Small Cap and Chartwell Short Duration is 0.73 (i.e., Poor 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

Very poor diversification

The correlation between Chartwell Small Cap and DJI is 0.84 (i.e., Very poor 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 price.

Moving together with Chartwell Mutual Fund

  0.97CWFIX Chartwell Short DurationPairCorr
  0.96CWFCX Carillon Chartwell ShortPairCorr
  0.96CWFAX Chartwell Short DurationPairCorr
  0.96CWFRX Carillon Chartwell ShortPairCorr
  0.96HIGCX Eagle Growth IncomePairCorr
  0.99HIGJX Eagle Growth IncomePairCorr
  0.99HIGUX Eagle Growth IncomePairCorr
  0.92CWSHX Carillon Chartwell SmallPairCorr
  0.93CWSCX Carillon Chartwell SmallPairCorr
  0.97CWSAX Carillon Chartwell SmallPairCorr
  1.0CWSBX Carillon Chartwell SmallPairCorr
  0.95CWSWX Carillon Chartwell SmallPairCorr
  0.97CWSRX Columbia Large CapPairCorr
  0.71SCCIX Scout E BondPairCorr
  0.83SUBDX Carillon Reams UnconPairCorr
  0.84SUBFX Scout Unconstrained BondPairCorr
  0.82SUBEX Carillon Reams UnconPairCorr
  0.79SCPDX Carillon Reams CorePairCorr
  0.8SCPWX Carillon Reams CorePairCorr
  0.97UMBMX Scout Mid CapPairCorr
  0.97UMBHX Scout Small CapPairCorr
  0.95BERSX Carillon Chartwell RealPairCorr
  0.95BERIX Berwyn IncomePairCorr
  0.96BERCX Berwyn CornerstonePairCorr
  0.98HRCCX Eagle Capital ApprecPairCorr
  0.96HRCIX Eagle Capital ApprecPairCorr
  0.96HRAUX Eagle Mid CapPairCorr
  0.96HRCUX Eagle Capital ApprecPairCorr
  0.95HRSCX Eagle Small CapPairCorr
  0.96HAGCX Eagle Mid CapPairCorr
  0.98HSCCX Eagle Small CapPairCorr
  0.98HSIIX Eagle Small CapPairCorr
  0.95EISVX Eagle International StockPairCorr
  0.95EISIX Eagle International StockPairCorr
  0.95EISDX Eagle International StockPairCorr
  0.95EISAX Eagle International StockPairCorr
  0.94CSMUX Carillon Scout MidPairCorr
  1.0CSSVX Carillon Scout SmallPairCorr
  1.0CSSJX Carillon Scout SmallPairCorr
  0.95VSGAX Vanguard Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  0.08  0.03 (0.74) 0.57  0.00 
(0.14)
 0.21 
(0.11)
 0.43 
CWFCX  0.08  0.04 (0.71)(1.89) 0.00 
(0.15)
 0.21 
(0.10)
 0.64 
CWFAX  0.10  0.04 (0.62)(1.20) 0.00 
(0.16)
 0.32 
(0.11)
 0.75 
CWFRX  0.09  0.05 (0.59)(0.95) 0.00 
(0.15)
 0.32 
(0.11)
 0.75 
HIGCX  0.57  0.19  0.07 (2.49) 0.50 
(0.65)
 1.49 
(1.13)
 3.96 
HIGJX  0.56  0.07  0.05  0.23  0.49 
(0.64)
 1.61 
(1.12)
 4.00 
HIGUX  0.56  0.07  0.06  0.23  0.48 
(0.64)
 1.56 
(1.12)
 3.86 
CWSIX  1.06  0.07  0.08  0.19  1.01 
(1.26)
 2.54 
(1.81)
 7.73 
CWSGX  0.90  0.10  0.10  0.23  0.83 
(1.04)
 2.13 
(1.65)
 6.05 
CWSHX  1.06  0.27  0.09 (1.51) 0.99 
(1.24)
 2.55 
(1.81)
 7.74 

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