Aristotle Value Correlations

ARAQX Fund

10.57 0.06 0.56%

The current 90-days correlation between Aristotle Value Eq and Vanguard Health Care is 0.65 (i.e., Poor diversification). The correlation of Aristotle Value 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 Value Correlation With Market

Very weak diversification

The correlation between Aristotle Value Eq and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aristotle Value Eq 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 Value Eq. 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 producer price index.

Moving together with Aristotle Mutual Fund

0.8	ARABX	Aristotle Funds Series	Pair Corr
0.8	AIBBX	Aristotle Funds Series	Pair Corr
0.81	AISBX	Ing Series Fund	Pair Corr
0.62	VGTSX	Vanguard Total Inter	Pair Corr
0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.81	NCLEX	Nicholas Edition	Pair Corr
0.69	KNPAX	Kinetics Paradigm	Pair Corr
0.69	FIRFX	Fidelity Income Repl	Pair Corr
0.62	WISEX	Azzad Wise Capital	Pair Corr
0.62	CLIRX	Columbia Capital All	Pair Corr
0.64	OBSOX	Oberweis Small Cap	Pair Corr
0.61	GMWAX	Gmo Global Asset	Pair Corr
0.68	QUACX	Ab Small Cap	Pair Corr

Moving against Aristotle Mutual Fund

0.53	GGNPX	Goldman Sachs High	Pair Corr
0.52	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.33	ASDCX	Aamhimco Short Duration	Pair Corr
0.56	FMUSX	Federated Municipal	Pair Corr
0.55	LLDYX	Lord Abbett Short	Pair Corr
0.49	WSHNX	Short Duration Income	Pair Corr

Related Correlations Analysis

	VHCIX	GTHCX	XXGRX	HIAHX	AHSCX	HHCZX
VHCIX		0.81	0.9	0.98	0.79	0.74	VHCIX
GTHCX	0.81		0.93	0.85	0.87	0.41	GTHCX
XXGRX	0.9	0.93		0.93	0.9	0.55	XXGRX
HIAHX	0.98	0.85	0.93		0.82	0.63	HIAHX
AHSCX	0.79	0.87	0.9	0.82		0.48	AHSCX
HHCZX	0.74	0.41	0.55	0.63	0.48		HHCZX
	VHCIX	GTHCX	XXGRX	HIAHX	AHSCX	HHCZX

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Risk-Adjusted Indicators

There is a big difference between Aristotle Mutual Fund performing well and Aristotle Value 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 Value'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
VHCIX	0.67	(0.04)	0.00	(0.03)	0.00	0.00	1.24	(1.42)	2.98
GTHCX	0.81	(0.18)	0.00	(0.27)	0.00	0.00	1.09	(1.72)	10.87
XXGRX	0.74	(0.06)	0.00	(0.27)	0.00	0.00	1.23	(1.62)	3.71
HIAHX	0.70	(0.08)	0.00	(0.11)	0.00	0.00	1.39	(1.62)	3.59
AHSCX	0.62	(0.01)	0.00	(0.96)	0.00	0.00	1.30	(1.39)	4.11
HHCZX	0.14	0.00	(0.30)	0.11	0.07	(0.20)	0.30	(0.24)	1.15

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