Channing Intrinsic Correlations

OWLLX Fund

USD 11.01 0.16 1.47%

The current 90-days correlation between Channing Intrinsic Value and Mndvux is -0.22 (i.e., Very good diversification). The correlation of Channing Intrinsic 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.

Channing Intrinsic Correlation With Market

Good diversification

The correlation between Channing Intrinsic Value and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Channing Intrinsic Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Channing Intrinsic 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 bureau of economic analysis.

Moving together with Channing Mutual Fund

0.97	VSMAX	Vanguard Small Cap	Pair Corr
0.97	VSCIX	Vanguard Small Cap	Pair Corr
0.97	VSCPX	Vanguard Small Cap	Pair Corr
0.97	NAESX	Vanguard Small Cap	Pair Corr
0.98	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.97	PASVX	T Rowe Price	Pair Corr
0.99	PRVIX	T Rowe Price	Pair Corr
0.97	TRZVX	T Rowe Price	Pair Corr
0.97	PRSVX	T Rowe Price	Pair Corr
0.72	NHS	Neuberger Berman High	Pair Corr
0.98	TRSPX	Tiaa Cref Sp	Pair Corr
0.98	PRWCX	T Rowe Price	Pair Corr
0.93	VTMGX	Vanguard Developed	Pair Corr
0.96	RLGYX	Global Equity	Pair Corr
0.96	LMPLX	Clearbridge Large Cap	Pair Corr
0.97	VIGAX	Vanguard Growth Index	Pair Corr
0.97	TSAPX	Tiaa Cref Lifestyle	Pair Corr
0.96	MOGLX	Gabelli Media Mogul	Pair Corr
0.95	HSMNX	Horizon Defensive Smmd	Pair Corr
0.97	RSGRX	Victory Rs Growth	Pair Corr
0.91	MTFHX	Mainstay Mackay Strategic	Pair Corr
0.97	FABWX	Fabwx	Pair Corr
0.96	IDXHX	Voya Index Solution	Pair Corr
0.74	GURIX	Guggenheim Risk Managed	Pair Corr
0.93	MNCRX	Pro Blend Servative	Pair Corr
0.96	SXMAX	Saat Moderate Strategy	Pair Corr
0.97	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.97	URNQX	Nasdaq 100 Index	Pair Corr
0.97	TILPX	Tiaa Cref Large	Pair Corr
1.0	MMEAX	Victory Integrity	Pair Corr
0.96	JANVX	Janus Venture	Pair Corr
0.97	DODBX	Dodge Balanced	Pair Corr
0.97	VEIPX	Vanguard Equity Income	Pair Corr
0.93	BMSCX	Blackrock Secured Credit	Pair Corr
0.98	ARBIX	Absolute Convertible	Pair Corr
0.96	FTPPX	American Funds Conse	Pair Corr
0.98	SWPPX	Schwab Sp 500	Pair Corr
0.99	RYAKX	Russell 2000 15x	Pair Corr

Moving against Channing Mutual Fund

0.87

RSMMX

Victory Rs Small

Pair Corr

Related Correlations Analysis

	OWLLX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX	RNDIX	BZEAX
OWLLX		0.96	0.0	0.0	0.93	0.96	0.0	0.0	0.97	OWLLX
MNDVUX	0.96		0.0	0.0	0.9	0.96	0.0	0.0	0.96	MNDVUX
NWWAX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SMGASX
PWJQX	0.93	0.9	0.0	0.0		0.9	0.0	0.0	0.97	PWJQX
FGWMX	0.96	0.96	0.0	0.0	0.9		0.0	0.0	0.95	FGWMX
PNPXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PNPXX
RNDIX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RNDIX
BZEAX	0.97	0.96	0.0	0.0	0.97	0.95	0.0	0.0		BZEAX
	OWLLX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX	PNPXX	RNDIX	BZEAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BZEAX	+ 0.97	OWLLX
BZEAX	+ 0.97	PWJQX
MNDVUX	+ 0.96	OWLLX
FGWMX	+ 0.96	OWLLX
FGWMX	+ 0.96	MNDVUX
BZEAX	+ 0.96	MNDVUX

High negative correlations

BZEAX	- 0.0	RNDIX
BZEAX	- 0.0	PNPXX
RNDIX	- 0.0	PNPXX
RNDIX	- 0.0	FGWMX
PNPXX	- 0.0	FGWMX
RNDIX	- 0.0	PWJQX

Risk-Adjusted Indicators

There is a big difference between Channing Mutual Fund performing well and Channing Intrinsic 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 Channing Intrinsic'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
OWLLX	1.03	0.38	0.20	(2.12)	0.75	(1.35)	2.67	(2.00)	7.42
MNDVUX	0.62	0.03	0.00	0.16	0.61	(0.70)	1.53	(0.96)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.68	0.25	0.14	(4.83)	0.40	(0.76)	1.86	(1.19)	4.45
FGWMX	0.23	0.10	(0.15)	(1.38)	0.00	(0.32)	0.62	(0.32)	1.98
PNPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNDIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BZEAX	0.44	0.18	0.06	(2.88)	0.23	(0.51)	1.50	(0.93)	3.12

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