Hcm Dynamic Correlations

HCMBX Fund

USD 10.54 0.25 2.32%

The current 90-days correlation between Hcm Dynamic Income and Hcm Dividend Sector is 0.79 (i.e., Poor diversification). The correlation of Hcm Dynamic 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.

Hcm Dynamic Correlation With Market

Poor diversification

The correlation between Hcm Dynamic Income and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hcm Dynamic Income 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 Hcm Dynamic Income. 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 bureau of labor statistics.

Moving together with Hcm Mutual Fund

0.65	HCMSX	Hcm Tactical Growth	Pair Corr
1.0	HCMUX	Hcm Dynamic Income	Pair Corr
0.67	HCMDX	Hcm Tactical Growth	Pair Corr
0.64	HCMEX	Hcm Income Plus	Pair Corr
0.99	HCMFX	Hcm Dynamic Income	Pair Corr
0.65	HCMGX	Hcm Tactical Growth	Pair Corr
0.65	HCMIX	Hcm Tactical Growth	Pair Corr
0.65	HCMKX	Hcm Income Plus	Pair Corr
0.64	HCMLX	Hcm Income Plus	Pair Corr

Moving against Hcm Mutual Fund

0.38	FIQYX	Fidelity Global Credit	Pair Corr
0.34	DCGTX	Jackson Square Smid	Pair Corr

Related Correlations Analysis

	HCMPX	HCMQX	HCMSX	HCMUX	HCMWX	HCMZX	HCMBX	HCMDX	HCMEX	HCMFX
HCMPX		1.0	0.91	0.5	1.0	1.0	0.48	0.9	0.91	0.48	HCMPX
HCMQX	1.0		0.91	0.48	1.0	1.0	0.47	0.9	0.91	0.47	HCMQX
HCMSX	0.91	0.91		0.66	0.91	0.91	0.65	1.0	0.99	0.65	HCMSX
HCMUX	0.5	0.48	0.66		0.48	0.48	1.0	0.67	0.65	0.99	HCMUX
HCMWX	1.0	1.0	0.91	0.48		1.0	0.48	0.9	0.91	0.47	HCMWX
HCMZX	1.0	1.0	0.91	0.48	1.0		0.47	0.9	0.91	0.47	HCMZX
HCMBX	0.48	0.47	0.65	1.0	0.48	0.47		0.67	0.64	0.99	HCMBX
HCMDX	0.9	0.9	1.0	0.67	0.9	0.9	0.67		0.99	0.66	HCMDX
HCMEX	0.91	0.91	0.99	0.65	0.91	0.91	0.64	0.99		0.62	HCMEX
HCMFX	0.48	0.47	0.65	0.99	0.47	0.47	0.99	0.66	0.62		HCMFX
	HCMPX	HCMQX	HCMSX	HCMUX	HCMWX	HCMZX	HCMBX	HCMDX	HCMEX	HCMFX

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Hcm Mutual Fund performing well and Hcm Dynamic 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 Hcm Dynamic'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
HCMPX	0.92	(0.03)	0.00	0.05	1.41	(0.91)	1.85	(1.97)	5.48
HCMQX	0.93	(0.04)	0.00	0.05	1.42	(0.90)	1.88	(1.99)	5.50
HCMSX	1.30	(0.07)	(0.01)	0.03	2.03	(1.19)	2.85	(3.03)	7.35
HCMUX	0.45	(0.07)	0.00	(0.06)	0.00	0.00	0.75	(1.04)	2.79
HCMWX	0.93	(0.04)	0.00	0.05	1.44	(0.86)	1.86	(1.97)	5.53
HCMZX	0.93	(0.03)	0.00	0.05	1.41	(0.89)	1.86	(1.98)	5.45
HCMBX	0.44	(0.07)	0.00	(0.05)	0.00	0.00	0.74	(0.95)	2.89
HCMDX	1.30	(0.08)	(0.01)	0.03	2.04	(1.19)	2.84	(3.01)	7.36
HCMEX	0.88	(0.08)	(0.04)	0.01	1.40	(0.83)	1.91	(2.23)	4.75
HCMFX	0.44	(0.06)	0.00	(0.04)	0.00	0.00	0.67	(0.96)	2.83

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC