Chartwell Small Correlations

CWSIX Fund

USD 23.23 0.37 1.62%

The current 90-days correlation between Chartwell Small Cap and Chartwell Short Duration is 0.31 (i.e., Weak diversification). The correlation of Chartwell Small 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 Small Correlation With Market

Very poor diversification

The correlation between Chartwell Small Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chartwell Small Cap 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 Small Cap. 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

0.7	CWFIX	Chartwell Short Duration	Pair Corr
0.73	CWFAX	Chartwell Short Duration	Pair Corr
0.69	CWFRX	Carillon Chartwell Short	Pair Corr
0.79	HIGCX	Eagle Growth Income	Pair Corr
0.79	HIGJX	Eagle Growth Income	Pair Corr
0.79	HIGUX	Eagle Growth Income	Pair Corr
0.95	CWSGX	Chartwell Small Cap	Pair Corr
1.0	CWSHX	Carillon Chartwell Small	Pair Corr
1.0	CWSCX	Carillon Chartwell Small	Pair Corr
0.95	CWSAX	Carillon Chartwell Small	Pair Corr
0.95	CWSBX	Carillon Chartwell Small	Pair Corr
1.0	CWSWX	Carillon Chartwell Small	Pair Corr
0.95	CWSRX	Columbia Large Cap	Pair Corr
0.94	UMBMX	Scout Mid Cap	Pair Corr
0.95	UMBHX	Scout Small Cap	Pair Corr
0.98	BERDX	Carillon Chartwell Mid	Pair Corr
0.98	BERCX	Berwyn Nerstone	Pair Corr
0.88	HRCCX	Eagle Capital Apprec	Pair Corr
0.88	HRCIX	Eagle Capital Apprec	Pair Corr
0.94	HRAUX	Eagle Mid Cap	Pair Corr
0.88	HRCPX	Eagle Capital Apprec	Pair Corr
0.88	HRCUX	Eagle Capital Apprec	Pair Corr
0.79	HRCVX	Eagle Growth Income	Pair Corr
0.94	HRSCX	Eagle Small Cap	Pair Corr
0.94	HAGIX	Eagle Mid Cap	Pair Corr
0.94	HAGAX	Eagle Mid Cap	Pair Corr

Moving against Chartwell Mutual Fund

0.71	SCPEX	Carillon Reams Core	Pair Corr
0.69	SCCIX	Scout E Bond	Pair Corr
0.58	SUBEX	Carillon Reams Uncon	Pair Corr
0.56	SUBDX	Carillon Reams Uncon	Pair Corr
0.53	SUBFX	Scout Unconstrained Bond	Pair Corr
0.52	SUBTX	Carillon Reams Uncon	Pair Corr
0.7	SCPDX	Carillon Reams Core	Pair Corr
0.69	SCPWX	Carillon Reams Core	Pair Corr
0.69	SCPZX	Scout E Plus	Pair Corr

Related Correlations Analysis

	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	CWSGX	CWSCX
CWFIX		0.97	0.98	0.98	0.82	0.82	0.78	0.7	CWFIX
CWFCX	0.97		0.96	0.96	0.73	0.73	0.65	0.57	CWFCX
CWFAX	0.98	0.96		0.98	0.82	0.82	0.8	0.73	CWFAX
CWFRX	0.98	0.96	0.98		0.82	0.82	0.78	0.69	CWFRX
HIGCX	0.82	0.73	0.82	0.82		1.0	0.89	0.79	HIGCX
HIGJX	0.82	0.73	0.82	0.82	1.0		0.9	0.79	HIGJX
CWSGX	0.78	0.65	0.8	0.78	0.89	0.9		0.95	CWSGX
CWSCX	0.7	0.57	0.73	0.69	0.79	0.79	0.95		CWSCX
	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	CWSGX	CWSCX

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Risk-Adjusted Indicators

There is a big difference between Chartwell Mutual Fund performing well and Chartwell Small 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 Small'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	0.07	0.00	(0.88)	0.19	0.00	(0.12)	0.11	(0.11)	0.42
CWFCX	0.07	0.00	(0.92)	0.09	0.00	(0.13)	0.21	(0.11)	0.42
CWFAX	0.07	0.00	(0.80)	0.09	0.00	(0.11)	0.11	(0.11)	0.42
CWFRX	0.07	0.00	(0.76)	0.15	0.00	(0.11)	0.11	(0.11)	0.42
HIGCX	0.55	0.00	(0.03)	0.12	0.47	(0.61)	1.03	(1.09)	3.31
HIGJX	0.55	0.00	(0.02)	0.13	0.46	(0.62)	1.06	(1.11)	3.29
CWSGX	1.02	0.05	0.08	0.16	1.08	(1.16)	2.43	(1.68)	6.28
CWSCX	0.89	0.01	0.07	0.13	0.73	(1.17)	2.11	(1.52)	7.80

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