Aristotle/saul Global Correlations

AIOOX Fund

15.70 0.06 0.38%

The current 90-days correlation between Aristotle/saul Global and Pia High Yield is 0.47 (i.e., Very weak diversification). The correlation of Aristotle/saul Global 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.

Aristotle/saul Global Correlation With Market

Poor diversification

The correlation between Aristotlesaul Global Equity and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aristotlesaul Global Equity 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 Aristotlesaul Global Equity. 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 persons.

Moving together with Aristotle/Saul Mutual Fund

0.95	ARAFX	Aristotle International	Pair Corr
1.0	ARIOX	Aristotle/saul Global	Pair Corr
0.95	ARIFX	Wilmington Intermediate-ter	Pair Corr
0.95	AIFFX	Aristotle International	Pair Corr

Moving against Aristotle/Saul Mutual Fund

0.37	PLUAX	Aristotle Funds Series	Pair Corr
0.36	BDJ	Blackrock Enhanced Equity	Pair Corr

Related Correlations Analysis

	PHYSX	TIHPX	PHSIX	PKHIX	PGHCX
PHYSX		0.83	0.89	0.92	0.91	PHYSX
TIHPX	0.83		0.96	0.91	0.91	TIHPX
PHSIX	0.89	0.96		0.93	0.95	PHSIX
PKHIX	0.92	0.91	0.93		0.98	PKHIX
PGHCX	0.91	0.91	0.95	0.98		PGHCX
	PHYSX	TIHPX	PHSIX	PKHIX	PGHCX

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Risk-Adjusted Indicators

There is a big difference between Aristotle/Saul Mutual Fund performing well and Aristotle/saul Global 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 Aristotle/saul Global'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PHYSX	0.11	0.01	(0.45)	0.29	(0.16)	0.22	(0.22)	0.78
TIHPX	0.13	0.01	(0.59)	0.21	(0.20)	0.34	(0.23)	0.91
PHSIX	0.12	0.01	(0.61)	0.26	(0.19)	0.33	(0.22)	0.99
PKHIX	0.11	0.02	(0.51)	(1.46)	(0.18)	0.34	(0.22)	0.90
PGHCX	0.13	0.03	(0.34)	(1.02)	(0.34)	0.53	(0.26)	0.80

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