Hotchkis Wiley Correlations

Mutual Funds . USA . 
Fund . Hotchkis Wiley Value
HWACX Fund  USD 35.35  0.13  0.37%   
The current 90-days correlation between Hotchkis Wiley Value and Hw Opportunities Mp is 0.98 (i.e., Almost no 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hotchkis Wiley Value. 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 main economic indicators.

Moving together with Hotchkis Mutual Fund

  1.0HOMPX Hw OpportunitiesPairCorr
  0.96HWAAX Hotchkis Wiley ValuePairCorr
  0.96HWAIX Hotchkis Wiley ValuePairCorr
  1.0HWAZX Hotchkis Wiley ValuePairCorr
  0.96HWCAX Hotchkis Wiley DiverPairCorr
  0.96HWCIX Hotchkis Wiley DiverPairCorr
  0.99HWGIX Hotchkis Wiley GlobalPairCorr
  0.96HWHAX Hotchkis Wiley HighPairCorr
  0.96HWGAX Hotchkis Wiley GlobalPairCorr
  0.96HWHIX Hotchkis Wiley HighPairCorr
  0.96HWHZX Hotchkis Wiley HighPairCorr
  0.99HWLAX Hotchkis Wiley LargePairCorr
  0.99HWLIX Hotchkis Wiley LargePairCorr
  0.97HWMZX Hotchkis Wiley MidPairCorr
  0.97HWNIX Hotchkis And WileyPairCorr
  0.95HWLZX Hotchkis Wiley LargePairCorr
  0.94HWMAX Hotchkis Wiley MidPairCorr
  0.97HWMIX Hotchkis Wiley MidPairCorr
  0.93HWSAX Hotchkis And WileyPairCorr
  0.93HWSCX Hotchkis Wiley SmallPairCorr
  0.97HWSIX Hotchkis Wiley SmallPairCorr
  0.93HWVIX Hotchkis Wiley SmallPairCorr
  0.97HWVZX Hotchkis Wiley SmallPairCorr
  0.97HWVAX Hotchkis Wiley SmallPairCorr
  0.99VMVAX Vanguard Mid CapPairCorr
  0.96JVMAX John Hancock DisciplinedPairCorr
  0.99JVMIX John Hancock DisciplinedPairCorr
  0.99VMVIX Vanguard Mid CapPairCorr
  0.98JMVZX Jpmorgan Mid CapPairCorr
  0.98JMVRX Jpmorgan Mid CapPairCorr
  0.98JMVQX Jpmorgan Mid CapPairCorr
  0.98JMVYX Jpmorgan Mid CapPairCorr
  0.98JMVPX Jpmorgan Mid CapPairCorr
  0.94VETAX Victory Sycamore EstPairCorr
  0.96CPAYX Columbia Pacific/asiaPairCorr
  0.94CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX 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  0.95  0.06  0.05  0.31  0.79 
(1.16)
 2.27 
(1.75)
 12.34 
HWAAX  0.83  0.36  0.01 (0.69) 0.77 
(0.91)
 1.96 
(1.47)
 11.31 
HWACX  0.81  0.04  0.02  0.30  0.69 
(0.90)
 1.98 
(1.41)
 11.27 
HWAIX  0.83  0.36  0.01 (0.70) 0.79 
(0.91)
 1.96 
(1.47)
 11.27 
HWAZX  0.82  0.05  0.03  0.30  0.69 
(0.93)
 1.99 
(1.39)
 11.29 
HWCAX  0.89  0.34  0.00 (0.64) 0.78 
(0.96)
 1.85 
(1.47)
 11.91 
HWCIX  0.89  0.34  0.00 (0.64) 0.78 
(0.96)
 1.83 
(1.48)
 11.94 
HWGIX  0.73  0.08  0.04  0.35  0.55 
(0.86)
 1.78 
(1.22)
 10.31 
HWHAX  0.16  0.09 (0.74)(3.34) 0.00 
(0.24)
 0.57 
(0.19)
 1.10 
HWGAX  0.75  0.36  0.02 (0.80) 0.60 
(0.86)
 1.71 
(1.36)
 10.22 

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