Hotchkis Wiley Correlations
HWLAX Fund | USD 47.58 0.51 1.08% |
The current 90-days correlation between Hotchkis Wiley Large and Lord Abbett Diversified is 0.67 (i.e., Poor 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
Very poor diversification
The correlation between Hotchkis Wiley Large and DJI is 0.89 (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 Large and DJI in the same portfolio, assuming nothing else is changed.
Hotchkis |
Moving together with Hotchkis Mutual Fund
0.78 | HOMPX | Hw Opportunities | PairCorr |
0.9 | HWAAX | Hotchkis Wiley Value | PairCorr |
0.97 | HWACX | Hotchkis Wiley Value | PairCorr |
0.9 | HWAIX | Hotchkis Wiley Value | PairCorr |
0.97 | HWAZX | Hotchkis Wiley Value | PairCorr |
1.0 | HWCAX | Hotchkis Wiley Diver | PairCorr |
1.0 | HWCIX | Hotchkis Wiley Diver | PairCorr |
0.79 | HWGIX | Hotchkis Wiley Global | PairCorr |
0.79 | HWGAX | Hotchkis Wiley Global | PairCorr |
1.0 | HWLIX | Hotchkis Wiley Large | PairCorr |
0.85 | HWMZX | Hotchkis Wiley Mid | PairCorr |
0.84 | HWMAX | Hotchkis Wiley Mid | PairCorr |
0.85 | HWMIX | Hotchkis Wiley Mid | PairCorr |
0.96 | HWSAX | Hotchkis And Wiley | PairCorr |
0.96 | HWSCX | Hotchkis Wiley Small | PairCorr |
0.96 | HWSIX | Hotchkis Wiley Small | PairCorr |
0.92 | HWVIX | Hotchkis Wiley Small | PairCorr |
0.92 | HWVZX | Hotchkis Wiley Small | PairCorr |
0.92 | HWVAX | Hotchkis Wiley Small | PairCorr |
0.83 | VVIAX | Vanguard Value Index | PairCorr |
0.9 | DOXGX | Dodge Cox Stock | PairCorr |
0.79 | AFMFX | American Mutual | PairCorr |
0.73 | FFMMX | American Funds American | PairCorr |
0.74 | FFFMX | American Funds American | PairCorr |
0.79 | AMRMX | American Mutual | PairCorr |
0.73 | AMFFX | American Mutual | PairCorr |
0.72 | AMFCX | American Mutual | PairCorr |
0.97 | DODGX | Dodge Stock Fund | PairCorr |
0.9 | VIVAX | Vanguard Value Index | PairCorr |
0.93 | ASG | Liberty All Star | PairCorr |
0.9 | CII | Blackrock Enhanced | PairCorr |
0.87 | ETV | Eaton Vance Tax | PairCorr |
0.85 | CLM | Cornerstone Strategic | PairCorr |
0.84 | CRF | Cornerstone Strategic | PairCorr |
0.89 | USA | Liberty All Star | PairCorr |
Moving against Hotchkis Mutual Fund
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LIGFX | 0.25 | (0.01) | (0.26) | 0.06 | 0.23 | 0.62 | 1.31 | |||
MDSKX | 0.94 | 0.12 | 0.02 | 4.08 | 0.93 | 2.09 | 7.61 | |||
BOSVX | 0.98 | (0.04) | 0.02 | 0.07 | 0.86 | 2.15 | 8.98 | |||
TWBIX | 0.37 | 0.02 | (0.16) | (1.03) | 0.47 | 0.78 | 2.38 | |||
VOLMX | 0.60 | 0.00 | 0.00 | 0.10 | 0.60 | 1.14 | 4.49 | |||
RFXIX | 0.07 | 0.01 | (0.73) | 1.14 | 0.00 | 0.11 | 0.39 | |||
ARCHX | 0.34 | 0.02 | (0.19) | 4.28 | 0.38 | 0.67 | 1.69 | |||
FMFTX | 0.77 | (0.04) | (0.04) | 0.06 | 0.87 | 1.90 | 5.17 |