Hcm Income Correlations

HCMEX Fund

USD 18.81 0.11 0.58%

The current 90-days correlation between Hcm Income Plus and Hunter Small Cap is -0.1 (i.e., Good diversification). The correlation of Hcm Income 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 Income Correlation With Market

Significant diversification

The correlation between Hcm Income Plus and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hcm Income Plus 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 Income Plus. 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 manufacturing.

Moving together with Hcm Mutual Fund

0.78	HCMSX	Hcm Tactical Growth	Pair Corr
0.68	HCMWX	Hcm Dividend Sector	Pair Corr
0.64	HCMDX	Hcm Tactical Growth	Pair Corr
0.81	HCMGX	Hcm Tactical Growth	Pair Corr
0.64	HCMKX	Hcm Income Plus	Pair Corr
0.8	HCMLX	Hcm Income Plus	Pair Corr
0.69	HCMNX	Hcm Dividend Sector	Pair Corr

Related Correlations Analysis

	HSCVX	GSQRX	PMDDX	MAVKX	BOSVX	PEVAX	MMSCX
HSCVX		0.87	0.95	0.91	0.9	0.92	0.81	HSCVX
GSQRX	0.87		0.91	0.95	0.95	0.92	0.92	GSQRX
PMDDX	0.95	0.91		0.93	0.92	0.96	0.9	PMDDX
MAVKX	0.91	0.95	0.93		0.95	0.94	0.89	MAVKX
BOSVX	0.9	0.95	0.92	0.95		0.95	0.95	BOSVX
PEVAX	0.92	0.92	0.96	0.94	0.95		0.96	PEVAX
MMSCX	0.81	0.92	0.9	0.89	0.95	0.96		MMSCX
	HSCVX	GSQRX	PMDDX	MAVKX	BOSVX	PEVAX	MMSCX

Risk-Adjusted Indicators

There is a big difference between Hcm Mutual Fund performing well and Hcm Income 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 Income'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
HSCVX	0.73	0.08	0.02	0.35	0.80	(0.81)	1.51	(1.31)	3.86
GSQRX	1.43	0.38	0.43	0.25	0.43	(1.82)	2.18	(1.70)	33.13
PMDDX	0.76	0.09	0.03	0.52	0.77	(0.77)	1.82	(1.31)	3.96
MAVKX	0.80	0.03	0.04	0.11	0.88	(0.89)	1.75	(1.40)	6.00
BOSVX	1.00	0.20	0.17	0.27	0.75	(1.17)	2.20	(1.44)	8.85
PEVAX	0.84	0.12	0.05	0.73	0.87	(0.93)	2.28	(1.28)	3.97
MMSCX	1.02	0.19	0.09	5.66	0.93	(1.16)	1.95	(1.77)	10.10

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Hcm Income Correlations

Hcm Income Correlation With Market

Significant diversification

Moving together with Hcm Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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