Aristotle Value Correlations

ARAQX Fund

11.45 0.10 0.88%

The current 90-days correlation between Aristotle Value Eq and Invesco Vertible Securities is 0.82 (i.e., Very 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 poor diversification

The correlation between Aristotle Value Eq and DJI is 0.89 (i.e., Very poor 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

0.9	ARALX	Aristotle Funds Series	Pair Corr
0.85	ARAGX	Aristotle Funds Series	Pair Corr
0.85	ARAHX	Aristotle Funds Series	Pair Corr
0.77	ARABX	Aristotle Funds Series	Pair Corr
1.0	ARIQX	Aristotle Value Eq	Pair Corr
0.83	ARILX	Aristotle Funds Series	Pair Corr
0.85	ARIHX	Aristotle Funds Series	Pair Corr
0.88	ARIBX	Aristotle Funds Series	Pair Corr
0.77	ARRBX	Aristotle Funds Series	Pair Corr
1.0	ARRQX	Aristotle Value Equity	Pair Corr
0.63	PLUAX	Aristotle Funds Series	Pair Corr
0.77	AIBBX	Aristotle Funds Series	Pair Corr
0.85	AIGGX	Aristotle Growth Equity	Pair Corr
0.85	AIHHX	Aristotle Funds Series	Pair Corr
0.9	AILLX	Aristotle Funds Series	Pair Corr
1.0	AIQQX	Aristotle Funds Series	Pair Corr
0.85	AISHX	Aristotle Funds Series	Pair Corr
0.76	AISBX	Ing Series Fund	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.91	VFFSX	Vanguard 500 Index	Pair Corr
0.91	VINIX	Vanguard Institutional	Pair Corr
0.91	VIIIX	Vanguard Institutional	Pair Corr

Moving against Aristotle Mutual Fund

0.42	PLEBX	Pacific Funds Esg	Pair Corr
0.42	PLEDX	Pacific Funds Esg	Pair Corr
0.63	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	CNSIX	ARBOX	CCD	HICSX	SBFCX	FACVX
CNSIX		0.9	0.52	0.99	0.91	0.98	CNSIX
ARBOX	0.9		0.62	0.88	0.96	0.91	ARBOX
CCD	0.52	0.62		0.41	0.65	0.47	CCD
HICSX	0.99	0.88	0.41		0.87	0.98	HICSX
SBFCX	0.91	0.96	0.65	0.87		0.92	SBFCX
FACVX	0.98	0.91	0.47	0.98	0.92		FACVX
	CNSIX	ARBOX	CCD	HICSX	SBFCX	FACVX

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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
CNSIX	0.39	0.06	0.01	0.24	0.13	(0.48)	0.93	(0.73)	1.99
ARBOX	0.04	0.02	0.00	6.27	0.00	0.00	0.09	0.00	0.26
CCD	0.71	0.03	(0.04)	0.18	0.72	(0.83)	1.88	(1.56)	4.27
HICSX	0.37	0.10	0.06	0.32	0.00	(0.43)	1.12	(0.63)	2.41
SBFCX	0.23	0.05	(0.23)	0.74	0.00	(0.30)	0.68	(0.40)	1.48
FACVX	0.45	0.15	0.06	5.29	0.18	(0.55)	1.10	(0.71)	2.69

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