Aristotle Funds Correlations

Mutual Funds . USA . 
Fund . Aristotle Funds Series
ARAGX Fund   9.91  0.03  0.30%   
The current 90-days correlation between Aristotle Funds Series and John Hancock Financial is 0.38 (i.e., Weak 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

Modest diversification

The correlation between Aristotle Funds Series and DJI is 0.24 (i.e., Modest 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

  0.77ARALX Aristotle Funds SeriesPairCorr
  0.77ARILX Aristotle Funds SeriesPairCorr
  0.7PLUAX Aristotle Funds SeriesPairCorr
  0.77AILLX Aristotle Funds SeriesPairCorr
  0.97AGTHX Growth FundPairCorr
  0.79RA Brookfield Real AssetsPairCorr

Moving against Aristotle Mutual Fund

  0.62ARAOX Aristotlesaul GlobalPairCorr
  0.62ARIOX Aristotlesaul GlobalPairCorr
  0.64PFHCX Pacific Funds SmallPairCorr
  0.6AIOOX Aristotlesaul GlobalPairCorr

Related Correlations Analysis

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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   
PSSRX
+ 0.99
FIDAX
FIKBX
+ 0.95
BTO
FIKBX
+ 0.9
PSSRX
FIKBX
+ 0.88
FIDAX
GCFSX
+ 0.87
BTO
GCFSX
+ 0.87
FIKBX
  
High negative correlations   
FTIXX
- 0.0
GCFSX
FTIXX
- 0.0
FIKBX
FTIXX
- 0.0
PSSRX
FTIXX
- 0.0
FIDAX
FTIXX
- 0.0
BTO

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.

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