Berwyn Cornerstone Correlations

BERCX Fund

USD 17.11 0.06 0.35%

The current 90-days correlation between Berwyn Cornerstone and Chartwell Short Duration is 0.23 (i.e., Modest diversification). The correlation of Berwyn Cornerstone 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.

Berwyn Cornerstone Correlation With Market

Weak diversification

The correlation between Berwyn Nerstone Fund and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Berwyn Nerstone Fund 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 Berwyn Nerstone Fund. 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 main economic indicators.

Moving together with Berwyn Mutual Fund

0.95	HIGCX	Eagle Growth Income	Pair Corr
0.99	HIGUX	Eagle Growth Income	Pair Corr
0.98	CWSIX	Chartwell Small Cap	Pair Corr
0.78	CWSGX	Chartwell Small Cap	Pair Corr
0.95	CWSHX	Carillon Chartwell Small	Pair Corr
0.98	CWSCX	Carillon Chartwell Small	Pair Corr
0.75	CWSAX	Carillon Chartwell Small	Pair Corr
0.79	CWSBX	Carillon Chartwell Small	Pair Corr
0.95	CWSWX	Carillon Chartwell Small	Pair Corr
0.74	CWSRX	Columbia Large Cap	Pair Corr
0.68	SCCIX	Scout E Bond	Pair Corr
0.75	SUBTX	Carillon Reams Uncon	Pair Corr
0.76	SUBDX	Carillon Reams Uncon	Pair Corr
0.74	SUBFX	Scout Unconstrained Bond	Pair Corr
0.78	SUBEX	Carillon Reams Uncon	Pair Corr
0.78	SCPEX	Carillon Reams Core	Pair Corr
0.76	SCPDX	Carillon Reams Core	Pair Corr
0.75	SCPWX	Carillon Reams Core	Pair Corr
0.75	SCPZX	Scout E Plus	Pair Corr
0.99	UMBMX	Scout Mid Cap	Pair Corr
0.89	UMBHX	Scout Small Cap	Pair Corr
1.0	BERDX	Carillon Chartwell Mid	Pair Corr
1.0	BERBX	Carillon Chartwell Mid	Pair Corr
1.0	BERAX	Carillon Chartwell Mid	Pair Corr
0.87	HRCCX	Eagle Capital Apprec	Pair Corr
0.87	HRCIX	Eagle Capital Apprec	Pair Corr
0.89	HRAUX	Eagle Mid Cap	Pair Corr
0.87	HRCPX	Eagle Capital Apprec	Pair Corr
0.87	HRCUX	Eagle Capital Apprec	Pair Corr
0.99	HRCVX	Eagle Growth Income	Pair Corr

Moving against Berwyn Mutual Fund

0.41	CWFAX	Chartwell Short Duration	Pair Corr
0.4	CWFRX	Carillon Chartwell Short	Pair Corr
0.39	CWFIX	Chartwell Short Duration	Pair Corr

Related Correlations Analysis

	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSGX	CWSHX
CWFIX		0.94	0.96	0.97	-0.47	0.35	-0.46	-0.47	0.09	-0.48	CWFIX
CWFCX	0.94		0.98	0.98	-0.34	0.39	-0.34	-0.36	0.16	-0.36	CWFCX
CWFAX	0.96	0.98		0.99	-0.47	0.26	-0.46	-0.48	0.04	-0.47	CWFAX
CWFRX	0.97	0.98	0.99		-0.46	0.29	-0.45	-0.47	0.07	-0.46	CWFRX
HIGCX	-0.47	-0.34	-0.47	-0.46		0.44	0.96	0.96	0.65	0.99	HIGCX
HIGJX	0.35	0.39	0.26	0.29	0.44		0.5	0.44	0.79	0.4	HIGJX
HIGUX	-0.46	-0.34	-0.46	-0.45	0.96	0.5		0.99	0.71	0.95	HIGUX
CWSIX	-0.47	-0.36	-0.48	-0.47	0.96	0.44	0.99		0.71	0.97	CWSIX
CWSGX	0.09	0.16	0.04	0.07	0.65	0.79	0.71	0.71		0.67	CWSGX
CWSHX	-0.48	-0.36	-0.47	-0.46	0.99	0.4	0.95	0.97	0.67		CWSHX
	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSGX	CWSHX

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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

CWFRX	+ 0.99	CWFAX
CWSHX	+ 0.99	HIGCX
CWSIX	+ 0.99	HIGUX
CWFAX	+ 0.98	CWFCX
CWFRX	+ 0.98	CWFCX
CWFRX	+ 0.97	CWFIX

High negative correlations

CWSIX	- 0.48	CWFAX
CWSHX	- 0.48	CWFIX
CWSIX	- 0.47	CWFRX
CWSHX	- 0.47	CWFAX
HIGCX	- 0.47	CWFAX
CWSIX	- 0.47	CWFIX

Risk-Adjusted Indicators

There is a big difference between Berwyn Mutual Fund performing well and Berwyn Cornerstone 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 Berwyn Cornerstone'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
CWFIX	0.08	0.01	(0.41)	0.72	0.00	(0.13)	0.21	(0.11)	0.42
CWFCX	0.07	0.01	(0.38)	0.81	0.00	(0.12)	0.11	(0.21)	0.53
CWFAX	0.08	0.01	(0.43)	0.86	0.00	(0.13)	0.21	(0.21)	0.42
CWFRX	0.08	0.01	(0.41)	0.84	0.00	(0.12)	0.11	(0.21)	0.42
HIGCX	0.80	(0.20)	0.00	(2.58)	0.00	0.00	1.02	(1.17)	16.80
HIGJX	0.57	(0.01)	(0.07)	0.03	0.78	(0.60)	1.03	(1.18)	5.30
HIGUX	0.80	(0.23)	0.00	(0.28)	0.00	0.00	1.03	(1.19)	16.87
CWSIX	1.34	(0.46)	0.00	(0.33)	0.00	0.00	1.77	(1.44)	35.66
CWSGX	1.09	(0.04)	(0.04)	0.00	1.88	(0.98)	2.12	(2.21)	9.59
CWSHX	1.34	(0.38)	0.00	(1.59)	0.00	0.00	1.73	(1.53)	35.48

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