New Hampshire Correlations

FPUIX Fund

USD 19.56 0.02 0.10%

The current 90-days correlation between New Hampshire Higher and Transamerica Emerging Markets is 0.09 (i.e., Significant diversification). The correlation of New Hampshire 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.

New Hampshire Correlation With Market

Average diversification

The correlation between New Hampshire Higher and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New Hampshire Higher 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 New Hampshire Higher. 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 New Mutual Fund

0.9	VGTSX	Vanguard Total Inter	Pair Corr
0.9	VTIAX	Vanguard Total Inter	Pair Corr
0.77	FSMMX	Fs Multi Strategy	Pair Corr
0.94	BTMPX	Ishares Msci Eafe	Pair Corr
0.94	BTMKX	Blackrock International	Pair Corr
0.94	MDIIX	Blackrock Intern Index	Pair Corr
0.89	APDGX	Artisan Global Value	Pair Corr
0.88	MDVAX	Massmutual Premier	Pair Corr
0.85	FADCX	Fidelity Advisor Div	Pair Corr
0.98	GIBIX	Guggenheim Total Return	Pair Corr
0.86	HRLYX	Hartford Global	Pair Corr
0.92	NILTX	Neuberger Berman Int	Pair Corr
0.65	HSXCX	Hartford Schroders	Pair Corr
0.97	VBTLX	Vanguard Total Bond	Pair Corr
0.87	HGLB	Highland Global Allo Potential Growth	Pair Corr
0.87	FSOSX	Fidelity Series Overseas	Pair Corr
0.83	HLDAX	Hartford Emerging	Pair Corr
0.98	VSBIX	Vanguard Short Term	Pair Corr
0.96	NAWCX	Voya Global Equity	Pair Corr
0.81	MHCAX	Mainstay High Yield	Pair Corr
0.93	GCTMX	Goldman Sachs Intern	Pair Corr
0.82	MASFX	Litman Gregory Masters	Pair Corr
0.9	GGIUX	Goldman Sachs Mortgages	Pair Corr
0.95	MFLMX	Blackrock S T	Pair Corr
0.89	GMVPX	Goldman Sachs Bond	Pair Corr
0.95	GBMSX	Gmo Benchmark Free	Pair Corr
0.73	HFYRX	Hartford Schroders	Pair Corr

Moving against New Mutual Fund

0.44	VTSMX	Vanguard Total Stock	Pair Corr
0.44	VITSX	Vanguard Total Stock	Pair Corr
0.43	VSTSX	Vanguard Total Stock	Pair Corr
0.43	VSMPX	Vanguard Total Stock	Pair Corr
0.4	VFIAX	Vanguard 500 Index	Pair Corr
0.4	VFINX	Vanguard 500 Index	Pair Corr
0.4	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	TEOJX	EPEIX	PWEAX	EPASX	ZEMIX	AMTOX
TEOJX		0.87	0.89	0.9	0.89	0.59	TEOJX
EPEIX	0.87		0.96	0.94	0.85	0.62	EPEIX
PWEAX	0.89	0.96		0.89	0.93	0.69	PWEAX
EPASX	0.9	0.94	0.89		0.78	0.57	EPASX
ZEMIX	0.89	0.85	0.93	0.78		0.67	ZEMIX
AMTOX	0.59	0.62	0.69	0.57	0.67		AMTOX
	TEOJX	EPEIX	PWEAX	EPASX	ZEMIX	AMTOX

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Risk-Adjusted Indicators

There is a big difference between New Mutual Fund performing well and New Hampshire 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 New Hampshire'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
TEOJX	0.78	0.09	0.17	0.93	0.92	(0.85)	1.54	(1.53)	5.83
EPEIX	0.55	0.05	0.17	0.10	0.62	(0.62)	1.04	(1.13)	3.76
PWEAX	0.72	0.08	0.15	0.12	0.85	(0.82)	1.55	(1.59)	5.83
EPASX	0.53	0.03	0.16	0.10	0.63	(0.58)	1.02	(1.11)	3.67
ZEMIX	0.77	0.14	0.18	0.25	0.85	(0.88)	1.78	(1.67)	5.50
AMTOX	0.44	0.13	0.33	0.24	0.39	(0.55)	1.13	(1.10)	2.56

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