Hotchkis Wiley Correlations

HWAIX Fund

USD 42.01 0.23 0.54%

The current 90-days correlation between Hotchkis Wiley Value and Hotchkis Wiley Value is 1.0 (i.e., No risk reduction). The correlation of Hotchkis Wiley 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.

Hotchkis Wiley Correlation With Market

Very poor diversification

The correlation between Hotchkis Wiley Value and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotchkis Wiley Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hotchkis Wiley Value. 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 Hotchkis Mutual Fund

0.85	VVIAX	Vanguard Value Index	Pair Corr
0.75	DOXGX	Dodge Cox Stock	Pair Corr
0.64	AFMFX	American Mutual	Pair Corr
0.73	FFMMX	American Funds American	Pair Corr
0.73	FFFMX	American Funds American	Pair Corr
0.64	AMRMX	American Mutual	Pair Corr
0.73	AMFFX	American Mutual	Pair Corr
0.72	AMFCX	American Mutual	Pair Corr
0.87	DODGX	Dodge Stock Fund	Pair Corr
0.77	VIVAX	Vanguard Value Index	Pair Corr
0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.84	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.68	DIS	Walt Disney Aggressive Push	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.61	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.74	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Hotchkis Mutual Fund

0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.65	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	HWAAX	HWSCX	HWSIX	JGRCX	IMIDX
HWAAX		0.9	0.0	0.83	0.83	HWAAX
HWSCX	0.9		0.0	0.93	0.94	HWSCX
HWSIX	0.0	0.0		0.0	0.71	HWSIX
JGRCX	0.83	0.93	0.0		0.94	JGRCX
IMIDX	0.83	0.94	0.71	0.94		IMIDX
	HWAAX	HWSCX	HWSIX	JGRCX	IMIDX

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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

IMIDX	+ 0.94	HWSCX
IMIDX	+ 0.94	JGRCX
JGRCX	+ 0.93	HWSCX
HWSCX	+ 0.9	HWAAX
JGRCX	+ 0.83	HWAAX
IMIDX	+ 0.83	HWAAX

High negative correlations

JGRCX	- 0.0	HWSIX
HWSIX	- 0.0	HWSCX
HWSIX	- 0.0	HWAAX

Risk-Adjusted Indicators

There is a big difference between Hotchkis Mutual Fund performing well and Hotchkis Wiley 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 Hotchkis Wiley'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
HWAAX	0.54	(0.04)	(0.09)	0.05	0.54	(0.73)	1.07	(0.97)	4.05
HWSCX	0.79	0.07	(0.04)	(1.14)	0.85	(0.98)	1.61	(1.47)	6.33
HWSIX	0.79	0.05	(0.06)	(0.82)	0.87	(0.96)	1.58	(1.47)	6.33
JGRCX	0.58	0.08	(0.04)	(1.71)	0.69	(0.58)	1.23	(1.23)	3.56
IMIDX	0.72	0.07	(0.03)	(1.48)	0.93	(0.71)	1.54	(1.49)	5.44

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