Hcm Tactical Correlations

HCMGX Fund

USD 32.43 0.44 1.34%

The current 90-days correlation between Hcm Tactical Growth and Angel Oak Ultrashort is -0.16 (i.e., Good diversification). The correlation of Hcm Tactical 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 Tactical Correlation With Market

Poor diversification

The correlation between Hcm Tactical Growth and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hcm Tactical Growth 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 Tactical Growth. 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 price.

Moving together with Hcm Mutual Fund

0.98	HCMPX	Hcm Dividend Sector	Pair Corr
0.98	HCMQX	Hcm Dividend Sector	Pair Corr
1.0	HCMSX	Hcm Tactical Growth	Pair Corr
0.98	HCMWX	Hcm Dividend Sector	Pair Corr
0.98	HCMZX	Hcm Dividend Sector	Pair Corr
1.0	HCMDX	Hcm Tactical Growth	Pair Corr
1.0	HCMEX	Hcm Income Plus	Pair Corr
1.0	HCMIX	Hcm Tactical Growth	Pair Corr
1.0	HCMKX	Hcm Income Plus	Pair Corr
1.0	HCMLX	Hcm Income Plus	Pair Corr
0.98	HCMNX	Hcm Dividend Sector	Pair Corr
0.94	FAFGX	American Funds	Pair Corr
0.98	FFAFX	American Funds	Pair Corr
0.98	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.98	CGFCX	Growth Fund	Pair Corr
0.98	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.96	AFICX	American Funds Funda	Pair Corr
0.99	THLCX	Thrivent Large Cap	Pair Corr
0.84	MAWAX	Mfs Aggressive Growth	Pair Corr

Related Correlations Analysis

	AOUNX	RUSIX	LCSAX	TSDCX	BXDCX	QLENX	RSDIX	ASTIX
AOUNX		0.98	-0.75	0.95	0.85	0.65	0.29	0.75	AOUNX
RUSIX	0.98		-0.84	0.98	0.76	0.75	0.17	0.8	RUSIX
LCSAX	-0.75	-0.84		-0.81	-0.38	-0.81	0.25	-0.76	LCSAX
TSDCX	0.95	0.98	-0.81		0.77	0.77	0.24	0.78	TSDCX
BXDCX	0.85	0.76	-0.38	0.77		0.42	0.68	0.56	BXDCX
QLENX	0.65	0.75	-0.81	0.77	0.42		-0.13	0.88	QLENX
RSDIX	0.29	0.17	0.25	0.24	0.68	-0.13		-0.12	RSDIX
ASTIX	0.75	0.8	-0.76	0.78	0.56	0.88	-0.12		ASTIX
	AOUNX	RUSIX	LCSAX	TSDCX	BXDCX	QLENX	RSDIX	ASTIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RUSIX	+ 0.98	AOUNX
TSDCX	+ 0.98	RUSIX
TSDCX	+ 0.95	AOUNX
ASTIX	+ 0.88	QLENX
BXDCX	+ 0.85	AOUNX
ASTIX	+ 0.8	RUSIX

High negative correlations

LCSAX	- 0.84	RUSIX
QLENX	- 0.81	LCSAX
TSDCX	- 0.81	LCSAX
ASTIX	- 0.76	LCSAX
LCSAX	- 0.75	AOUNX
BXDCX	- 0.38	LCSAX

Risk-Adjusted Indicators

There is a big difference between Hcm Mutual Fund performing well and Hcm Tactical 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 Tactical'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
AOUNX	0.05	0.01	(0.97)	(0.56)	0.00	(0.22)	0.10	(0.10)	0.61
RUSIX	0.04	0.01	0.00	(1.09)	0.00	0.00	0.10	0.00	0.50
LCSAX	0.25	(0.07)	0.00	(3.47)	0.00	0.00	0.33	(0.54)	1.48
TSDCX	0.06	0.01	(0.92)	(0.61)	0.00	(0.16)	0.11	(0.11)	0.55
BXDCX	0.09	0.00	(0.80)	0.00	0.00	(0.16)	0.22	(0.11)	0.65
QLENX	0.32	0.09	(0.07)	(1.55)	0.20	(0.38)	0.76	(0.57)	2.17
RSDIX	0.08	0.00	(0.82)	(0.21)	0.00	(0.16)	0.21	(0.10)	0.72
ASTIX	0.28	0.05	(0.14)	1.86	0.26	(0.31)	0.57	(0.64)	1.79

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