Chartwell Small Correlations

CWSIX Fund

USD 13.61 0.03 0.22%

The current 90-days correlation between Chartwell Small Cap and Chartwell Short Duration is 0.01 (i.e., Significant 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

Weak diversification

The correlation between Chartwell Small Cap and DJI is 0.37 (i.e., Weak 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

0.85	HIGCX	Eagle Growth Income	Pair Corr
0.93	HIGUX	Eagle Growth Income	Pair Corr
0.61	CWSGX	Chartwell Small Cap	Pair Corr
0.91	CWSHX	Carillon Chartwell Small	Pair Corr
0.89	UMBMX	Scout Mid Cap	Pair Corr
0.75	UMBHX	Scout Small Cap	Pair Corr
0.87	BERDX	Carillon Chartwell Mid	Pair Corr
0.87	BERBX	Carillon Chartwell Mid	Pair Corr
0.87	BERAX	Carillon Chartwell Mid	Pair Corr
0.87	HRCCX	Eagle Capital Apprec	Pair Corr
0.86	HRCIX	Eagle Capital Apprec	Pair Corr
0.74	HRAUX	Eagle Mid Cap	Pair Corr
0.86	HRCPX	Eagle Capital Apprec	Pair Corr
0.93	HRSCX	Eagle Small Cap	Pair Corr

Moving against Chartwell Mutual Fund

0.64	CWFIX	Chartwell Short Duration	Pair Corr
0.64	CWFAX	Chartwell Short Duration	Pair Corr
0.64	CWFRX	Carillon Chartwell Short	Pair Corr
0.63	CWFCX	Carillon Chartwell Short	Pair Corr
0.62	BERIX	Berwyn Income	Pair Corr
0.6	BERSX	Carillon Chartwell Real	Pair Corr
0.59	BERHX	Carillon Chartwell Real	Pair Corr
0.53	SUBEX	Carillon Reams Uncon	Pair Corr
0.51	SCPDX	Carillon Reams Core	Pair Corr
0.51	SCPZX	Scout E Plus	Pair Corr
0.5	SCPEX	Carillon Reams Core	Pair Corr
0.49	SCCIX	Scout E Bond	Pair Corr
0.49	CRCUX	Carillon Reams Core	Pair Corr
0.47	CRCDX	Carillon Reams Core	Pair Corr
0.47	CRCBX	Carillon Reams Core	Pair Corr
0.45	EISVX	Eagle International Stock	Pair Corr
0.45	EISDX	Eagle International Stock	Pair Corr
0.42	EISIX	Eagle International Stock	Pair Corr

Related Correlations Analysis

	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSGX	CWSHX
CWFIX		0.99	1.0	1.0	-0.46	-0.02	-0.42	-0.73	-0.66	CWFIX
CWFCX	0.99		0.99	0.99	-0.43	0.04	-0.4	-0.69	-0.65	CWFCX
CWFAX	1.0	0.99		1.0	-0.47	-0.04	-0.43	-0.75	-0.67	CWFAX
CWFRX	1.0	0.99	1.0		-0.47	-0.03	-0.42	-0.73	-0.67	CWFRX
HIGCX	-0.46	-0.43	-0.47	-0.47		0.41	0.88	0.54	0.94	HIGCX
HIGJX	-0.02	0.04	-0.04	-0.03	0.41		0.51	0.62	0.17	HIGJX
HIGUX	-0.42	-0.4	-0.43	-0.42	0.88	0.51		0.61	0.81	HIGUX
CWSGX	-0.73	-0.69	-0.75	-0.73	0.54	0.62	0.61		0.56	CWSGX
CWSHX	-0.66	-0.65	-0.67	-0.67	0.94	0.17	0.81	0.56		CWSHX
	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	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

CWFAX	+ 1.0	CWFIX
CWFRX	+ 1.0	CWFIX
CWFRX	+ 1.0	CWFAX
CWFCX	+ 0.99	CWFIX
CWFAX	+ 0.99	CWFCX
CWFRX	+ 0.99	CWFCX

High negative correlations

CWSGX	- 0.75	CWFAX
CWSGX	- 0.73	CWFRX
CWSGX	- 0.73	CWFIX
CWSGX	- 0.69	CWFCX
CWSHX	- 0.67	CWFRX
CWSHX	- 0.67	CWFAX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWFIX	0.08	0.01	0.54	(2.35)	(0.12)	0.11	(0.11)	0.63
CWFCX	0.08	0.01	0.43	(1.45)	(0.12)	0.11	(0.11)	0.53
CWFAX	0.07	0.01	0.53	(1.04)	(0.12)	0.11	(0.11)	0.53
CWFRX	0.08	0.01	0.50	(0.82)	(0.12)	0.11	(0.11)	0.53
HIGCX	0.88	(0.25)	0.00	1.50	0.00	1.17	(1.53)	15.04
HIGJX	0.67	0.01	0.00	(0.04)	0.00	1.19	(1.39)	3.11
HIGUX	0.88	(0.18)	0.00	(0.21)	0.00	1.19	(1.55)	15.30
CWSGX	1.32	(0.19)	0.00	(0.20)	0.00	2.23	(3.75)	7.77
CWSHX	1.34	(0.60)	0.00	6.34	0.00	1.47	(1.95)	30.01

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