Fa529 Hg Correlations

Mutual Funds . USA . 
Fund . Fa529 Hg In
FHCAX Fund  USD 34.50  0.05  0.15%   
The current 90-days correlation between Fa529 Hg In and Vanguard Total Stock is 0.1 (i.e., Average diversification). The correlation of Fa529 Hg 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.

Fa529 Hg Correlation With Market

Significant diversification

The correlation between Fa529 Hg In and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa529 Hg In and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fa529 Hg In. 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 nation.

Moving together with Fa529 Mutual Fund

  0.73VTSAX Vanguard Total StockPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.73VTSMX Vanguard Total StockPairCorr
  0.73VITSX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.75VFINX Vanguard 500 IndexPairCorr
  0.75VFFSX Vanguard 500 IndexPairCorr
  0.74LFRIX Floating RatePairCorr
  0.61MMM 3M CompanyPairCorr
  0.69JPM JPMorgan ChasePairCorr
  0.67MSFT Microsoft Downward RallyPairCorr
  0.76AXP American ExpressPairCorr
  0.67BAC Bank of America Sell-off TrendPairCorr
  0.68T ATT Inc Earnings Call This WeekPairCorr
  0.88WMT Walmart Aggressive PushPairCorr

Moving against Fa529 Mutual Fund

  0.52JNJ Johnson JohnsonPairCorr
  0.47XOM Exxon Mobil Corp Earnings Call TodayPairCorr
  0.4HPQ HP IncPairCorr
  0.38AA Alcoa CorpPairCorr
  0.37PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.33MRK Merck Company Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fa529 Mutual Fund performing well and Fa529 Hg 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 Fa529 Hg'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.30 
(1.43)
 5.93 
VFIAX  0.61  0.03 (0.03) 0.18  0.85 
(0.59)
 1.23 
(1.46)
 5.48 
VTSMX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.29 
(1.43)
 5.95 
VITSX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.30 
(1.43)
 5.95 
VSTSX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.29 
(1.43)
 5.94 
VSMPX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.29 
(1.43)
 5.94 
VFINX  0.61  0.03 (0.03) 0.18  0.85 
(0.59)
 1.23 
(1.46)
 5.48 
VFFSX  0.61  0.03 (0.02) 0.18  0.85 
(0.59)
 1.23 
(1.46)
 5.47 
VGTSX  0.53 (0.04)(0.13)(0.03) 0.74 
(0.53)
 1.13 
(1.31)
 3.44 
VTIAX  0.53 (0.04)(0.13)(0.03) 0.75 
(0.52)
 1.12 
(1.32)
 3.47 

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