Henderson Strategic Correlations

Mutual Funds USA . 
Fund . Henderson Strategic Income
HFACX Fund  USD 7.88  0.01  0.13%   
The current 90-days correlation between Henderson Strategic and American Beacon International is 0.24 (i.e., Modest diversification). The correlation of Henderson Strategic 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.

Henderson Strategic Correlation With Market

Average diversification

The correlation between Henderson Strategic Income and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Henderson Strategic 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 Henderson Strategic 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 unemployment.

Moving together with Henderson Mutual Fund

  0.68JRAAX Janus ResearchPairCorr
  0.71JRARX Janus Henderson ResearchPairCorr
  0.71JRASX Janus ResearchPairCorr
  0.81JAAGX Enterprise PortfolioPairCorr
  0.72JABAX Janus BalancedPairCorr
  0.72JABCX Janus BalancedPairCorr
  0.71JRSAX Intech Managed VolatilityPairCorr
  0.71JRSDX Intech Managed VolatilityPairCorr
  0.71JRSCX Intech Managed VolatilityPairCorr
  0.71JRSIX Intech Managed VolatilityPairCorr
  0.71JRSNX Intech Managed VolatilityPairCorr
  0.72JRSSX Intech Managed VolatilityPairCorr
  0.71JRSTX Intech Managed VolatilityPairCorr
  0.67JACNX Janus TrarianPairCorr
  0.7JACTX Janus Forty FundPairCorr
  0.69JADGX Janus Growth AndPairCorr
  0.82JABLX Balanced PortfolioPairCorr
  0.73JABNX Janus BalancedPairCorr
  0.72JABRX Janus BalancedPairCorr
  0.66JACCX Janus Forty FundPairCorr
  0.73JAENX Janus EnterprisePairCorr
  0.74JAFIX Janus Flexible BondPairCorr
  0.71JAFLX Flexible Bond PortfolioPairCorr
  0.73JAGTX Janus Global TechnologyPairCorr
  0.69JAGIX Janus Growth AndPairCorr
  0.71JAGLX Janus Global LifePairCorr
  0.85JAHYX Janus High YieldPairCorr
  0.85JAIGX Overseas PortfolioPairCorr
  0.73JANBX Janus BalancedPairCorr
  0.73JANEX Janus EnterprisePairCorr
  0.72JANIX Janus TritonPairCorr
  0.74JANRX Janus Global SelectPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Henderson Mutual Fund performing well and Henderson Strategic 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 Henderson Strategic'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AAIEX  0.54  0.07  0.06  0.18  0.47 
(0.62)
 1.42 
(0.99)
 3.32 
LDCVX  0.07  0.01 (0.59) 0.44  0.00 
(0.17)
 0.11 
(0.11)
 0.55 
FCSTX  0.04  0.01 (0.72) 2.60  0.00 
(0.11)
 0.10 
(0.10)
 0.29 
FNDSX  0.14  0.01 (0.35) 0.55  0.10 
(0.18)
 0.32 
(0.32)
 0.96 
MXXIX  1.14  0.21  0.18  0.25  0.91 
(1.34)
 1.68 
(1.85)
 16.29 
JRSIX  0.70  0.17  0.14  0.51  0.56 
(0.85)
 1.22 
(1.07)
 11.30 
JRSSX  0.69  0.16  0.15  0.33  0.54 
(0.83)
 1.21 
(1.07)
 11.24 
JRSNX  0.69  0.16  0.14  0.34  0.54 
(0.82)
 1.23 
(1.08)
 11.42 
MHD  0.30  0.03 (0.12)(1.11) 0.35 
(0.33)
 0.69 
(0.60)
 1.88 
OISVX  0.75  0.00  0.01  0.09  0.90 
(0.81)
 1.84 
(1.41)
 3.99 

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