Hcm Tactical Correlations

Mutual Funds . USA . 
Fund . Hcm Tactical Growth
HCMIX Fund  USD 32.82  0.44  1.32%   
The current 90-days correlation between Hcm Tactical Growth and Small Cap Growth is 0.69 (i.e., Poor 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 gross domestic product.

Moving together with Hcm Mutual Fund

  0.98HCMPX Hcm Dividend SectorPairCorr
  0.98HCMQX Hcm Dividend SectorPairCorr
  1.0HCMSX Hcm Tactical GrowthPairCorr
  0.98HCMWX Hcm Dividend SectorPairCorr
  0.98HCMZX Hcm Dividend SectorPairCorr
  1.0HCMDX Hcm Tactical GrowthPairCorr
  1.0HCMEX Hcm Income PlusPairCorr
  1.0HCMGX Hcm Tactical GrowthPairCorr
  1.0HCMKX Hcm Income PlusPairCorr
  1.0HCMLX Hcm Income PlusPairCorr
  0.98HCMNX Hcm Dividend SectorPairCorr
  0.94FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.96AFICX American Funds FundaPairCorr
  0.99THLCX Thrivent Large CapPairCorr
  0.84MAWAX Mfs Aggressive GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY