Hotchkis Wiley Correlations

Summary

HWHCXDelisted Fund

USD 10.42 0.00 0.00%

The current 90-days correlation between Hotchkis Wiley High and Maryland Tax Free Bond is 0.11 (i.e., Average diversification). 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

Average diversification

The correlation between Hotchkis Wiley High and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotchkis Wiley High 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. 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 Hotchkis Mutual Fund

0.72	PQTAX	Pimco Trends Managed	Pair Corr
0.72	PQTNX	Pimco Trends Managed	Pair Corr
0.73	PQTIX	Aa Pimco Tr	Pair Corr

Moving against Hotchkis Mutual Fund

0.37	WARCX	Wells Fargo Advantage	Pair Corr
0.69	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.58	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.48	HPQ	HP Inc	Pair Corr
0.47	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.35	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	TFBIX	PBBIX	CWFIX	APDOX	PRVBX	BBINX	LSHEX	BXDCX
TFBIX		0.3	0.29	0.09	0.35	0.96	-0.27	0.46	TFBIX
PBBIX	0.3		0.85	0.81	0.64	0.15	0.66	0.85	PBBIX
CWFIX	0.29	0.85		0.93	0.8	0.11	0.72	0.85	CWFIX
APDOX	0.09	0.81	0.93		0.76	-0.08	0.8	0.8	APDOX
PRVBX	0.35	0.64	0.8	0.76		0.26	0.35	0.9	PRVBX
BBINX	0.96	0.15	0.11	-0.08	0.26		-0.47	0.34	BBINX
LSHEX	-0.27	0.66	0.72	0.8	0.35	-0.47		0.45	LSHEX
BXDCX	0.46	0.85	0.85	0.8	0.9	0.34	0.45		BXDCX
	TFBIX	PBBIX	CWFIX	APDOX	PRVBX	BBINX	LSHEX	BXDCX

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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

BBINX	+ 0.96	TFBIX
APDOX	+ 0.93	CWFIX
BXDCX	+ 0.9	PRVBX
CWFIX	+ 0.85	PBBIX
BXDCX	+ 0.85	PBBIX
BXDCX	+ 0.85	CWFIX

High negative correlations

LSHEX	- 0.47	BBINX
LSHEX	- 0.27	TFBIX
BBINX	- 0.08	APDOX

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
TFBIX	0.15	0.01	(0.31)	(0.01)	0.21	(0.22)	0.40	(0.39)	1.58
PBBIX	0.12	0.01	(0.64)	0.23	0.00	(0.19)	0.29	(0.20)	0.98
CWFIX	0.07	0.00	(0.88)	0.19	0.00	(0.12)	0.11	(0.11)	0.42
APDOX	0.14	0.03	(0.54)	0.48	0.00	(0.21)	0.39	(0.19)	0.78
PRVBX	0.09	0.00	(0.92)	0.47	0.00	(0.10)	0.20	(0.20)	0.53
BBINX	0.11	0.00	(0.44)	0.10	0.16	(0.18)	0.29	(0.29)	1.07
LSHEX	1.41	0.73	0.44	0.66	0.92	(1.77)	3.44	(1.87)	8.17
BXDCX	0.09	0.01	(0.84)	(0.53)	0.00	(0.16)	0.22	(0.11)	0.65

Hotchkis Wiley Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hotchkis Wiley mutual fund to make a market-neutral strategy. Peer analysis of Hotchkis Wiley could also be used in its relative valuation, which is a method of valuing Hotchkis Wiley by comparing valuation metrics with similar companies.

Maryland Tax Free Bond Fundvantage Trust Chartwell Short Duration Artisan Emerging Markets Versatile Bond Portfolio Bbh Intermediate Municipal Kinetics Spin Off And Barings Active Short American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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Still Interested in Hotchkis Wiley High?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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