Aristotle Funds Correlations

ARAGX Fund

10.46 0.07 0.66%

The current 90-days correlation between Aristotle Funds Series and Dreyfusstandish Global Fixed is -0.17 (i.e., Good diversification). The correlation of Aristotle Funds 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 Funds Correlation With Market

Poor diversification

The correlation between Aristotle Funds Series and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aristotle Funds Series 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 Aristotle Funds Series. 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 Aristotle Mutual Fund

0.99	ARALX	Aristotle Funds Series	Pair Corr
0.88	ARAHX	Aristotle Funds Series	Pair Corr
0.77	ARABX	Aristotle Funds Series	Pair Corr
0.86	ARAQX	Aristotle Value Eq	Pair Corr
0.87	ARIQX	Aristotle Value Eq	Pair Corr
0.95	ARILX	Aristotle Funds Series	Pair Corr
0.88	ARIHX	Aristotle Funds Series	Pair Corr
0.83	ARIBX	Aristotle Funds Series	Pair Corr
0.83	ARRBX	Aristotle Funds Series	Pair Corr
0.87	ARRQX	Aristotle Value Equity	Pair Corr
0.74	PLUAX	Aristotle Funds Series	Pair Corr
0.83	AIBBX	Aristotle Funds Series	Pair Corr
1.0	AIGGX	Aristotle Growth Equity	Pair Corr
0.88	AIHHX	Aristotle Funds Series	Pair Corr
0.99	AILLX	Aristotle Funds Series	Pair Corr
0.87	AIQQX	Aristotle Funds Series	Pair Corr
0.88	AISHX	Aristotle Funds Series	Pair Corr
0.81	AISBX	Ing Series Fund	Pair Corr
0.94	FAFGX	American Funds	Pair Corr
0.94	FFAFX	American Funds	Pair Corr
0.98	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.98	CGFCX	Growth Fund	Pair Corr
0.98	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.96	ARTMX	Artisan Mid Cap	Pair Corr

Moving against Aristotle Mutual Fund

0.76	PLEBX	Pacific Funds Esg	Pair Corr
0.76	PLEDX	Pacific Funds Esg	Pair Corr
0.38	ARAFX	Aristotle International	Pair Corr
0.37	ARIFX	Wilmington Intermediate-ter	Pair Corr
0.37	AIFFX	Aristotle International	Pair Corr
0.59	PFHCX	Pacific Funds Small	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	DSDYX	CCD	ANAZX	RUSIX	PBXIX	BBINX	IOBZX	RHYKX
DSDYX		0.0	0.93	-0.55	-0.5	0.75	-0.17	-0.46	DSDYX
CCD	0.0		0.06	0.43	0.48	0.36	0.76	0.57	CCD
ANAZX	0.93	0.06		-0.55	-0.57	0.83	-0.14	-0.45	ANAZX
RUSIX	-0.55	0.43	-0.55		0.85	-0.2	0.78	0.94	RUSIX
PBXIX	-0.5	0.48	-0.57	0.85		-0.22	0.79	0.9	PBXIX
BBINX	0.75	0.36	0.83	-0.2	-0.22		0.19	-0.08	BBINX
IOBZX	-0.17	0.76	-0.14	0.78	0.79	0.19		0.88	IOBZX
RHYKX	-0.46	0.57	-0.45	0.94	0.9	-0.08	0.88		RHYKX
	DSDYX	CCD	ANAZX	RUSIX	PBXIX	BBINX	IOBZX	RHYKX

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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

RHYKX	+ 0.94	RUSIX
ANAZX	+ 0.93	DSDYX
RHYKX	+ 0.9	PBXIX
RHYKX	+ 0.88	IOBZX
PBXIX	+ 0.85	RUSIX
BBINX	+ 0.83	ANAZX

High negative correlations

PBXIX	- 0.57	ANAZX
RUSIX	- 0.55	ANAZX
RUSIX	- 0.55	DSDYX
PBXIX	- 0.5	DSDYX
RHYKX	- 0.46	DSDYX
RHYKX	- 0.45	ANAZX

Risk-Adjusted Indicators

There is a big difference between Aristotle Mutual Fund performing well and Aristotle Funds 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 Funds' 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
DSDYX	0.16	(0.01)	(0.67)	0.97	0.18	(0.18)	0.34	(0.24)	0.92
CCD	0.75	(0.03)	(0.10)	0.06	0.92	(0.83)	1.88	(1.68)	4.88
ANAZX	0.18	(0.02)	0.00	(0.70)	0.00	0.00	0.29	(0.29)	1.01
RUSIX	0.04	0.01	0.00	(1.06)	0.00	0.00	0.10	0.00	0.50
PBXIX	0.31	0.05	(0.06)	0.23	0.00	(0.41)	0.87	(0.55)	1.94
BBINX	0.11	(0.01)	(0.43)	(0.13)	0.15	(0.19)	0.29	(0.29)	1.07
IOBZX	0.09	0.01	(0.65)	0.58	0.00	(0.14)	0.23	(0.23)	0.46
RHYKX	0.15	0.05	(0.35)	(2.70)	0.00	(0.29)	0.37	(0.19)	1.30

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