Chartwell Short Correlations

CWFIX Fund

USD 9.63 0.01 0.10%

The current 90-days correlation between Chartwell Short Duration and Clough Global Allocation is 0.34 (i.e., Weak diversification). The correlation of Chartwell Short 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.

Chartwell Short Correlation With Market

Modest diversification

The correlation between Chartwell Short Duration and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chartwell Short Duration 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 Chartwell Short Duration. 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 gross domestic product.

Moving together with Chartwell Mutual Fund

0.98	CWFAX	Chartwell Short Duration	Pair Corr
0.99	CWFRX	Carillon Chartwell Short	Pair Corr
0.82	BERSX	Carillon Chartwell Real	Pair Corr
0.84	EISDX	Eagle International Stock	Pair Corr
0.84	EISAX	Eagle International Stock	Pair Corr
0.85	BHYCX	Blackrock Hi Yld	Pair Corr
0.89	BHYIX	Blackrock High Yield	Pair Corr
0.87	BHYSX	Blackrock Hi Yld	Pair Corr
0.83	BHYAX	Blackrock High Yield	Pair Corr
0.79	AHTFX	American High Income	Pair Corr
0.76	AHTCX	American High Income	Pair Corr
0.78	AHITX	American High Income	Pair Corr
0.91	VWEHX	Vanguard High Yield	Pair Corr
0.91	VWEAX	Vanguard High Yield	Pair Corr
0.78	PHYZX	Prudential High Yield	Pair Corr

Moving against Chartwell Mutual Fund

0.32

HAGCX

Eagle Mid Cap

Pair Corr

Related Correlations Analysis

	GLV	PLAAX	FLRAX	DLQIX	PALDX	SABIX
GLV		0.08	0.33	0.19	0.5	0.27	GLV
PLAAX	0.08		0.91	0.95	0.78	0.81	PLAAX
FLRAX	0.33	0.91		0.91	0.9	0.92	FLRAX
DLQIX	0.19	0.95	0.91		0.85	0.83	DLQIX
PALDX	0.5	0.78	0.9	0.85		0.83	PALDX
SABIX	0.27	0.81	0.92	0.83	0.83		SABIX
	GLV	PLAAX	FLRAX	DLQIX	PALDX	SABIX

Risk-Adjusted Indicators

There is a big difference between Chartwell Mutual Fund performing well and Chartwell Short 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 Chartwell Short'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
GLV	0.58	0.02	(0.01)	0.08	0.65	(0.66)	1.04	(1.31)	3.87
PLAAX	1.32	0.47	0.36	2.11	0.57	(1.58)	1.90	(1.92)	36.26
FLRAX	0.69	0.10	0.09	0.17	0.81	(0.70)	1.43	(1.38)	8.00
DLQIX	0.88	0.32	0.31	0.63	0.38	(1.06)	1.47	(1.30)	19.80
PALDX	0.39	0.03	0.02	0.11	0.39	(0.43)	0.96	(0.87)	3.35
SABIX	0.60	0.08	0.11	0.14	0.47	(0.65)	1.12	(1.00)	9.72

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