Henderson Strategic Correlations

Mutual Funds . USA . 
Fund . Henderson Strategic Income
HFAIX Fund  USD 7.88  0.01  0.13%   
The current 90-days correlation between Henderson Strategic and Optimum Small Mid Cap is -0.06 (i.e., Good 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

Very poor diversification

The correlation between Henderson Strategic Income and DJI is 0.88 (i.e., Very poor 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 gross domestic product.

Moving together with Henderson Mutual Fund

  0.67JRARX Janus Henderson ResearchPairCorr
  0.78JAAGX Enterprise PortfolioPairCorr
  0.65JABAX Janus BalancedPairCorr
  0.61JABCX Janus BalancedPairCorr
  0.62JRSAX Intech Managed VolatilityPairCorr
  0.82JRSDX Intech Managed VolatilityPairCorr
  0.61JRSCX Intech Managed VolatilityPairCorr
  0.68JRSIX Intech Managed VolatilityPairCorr
  0.67JRSNX Intech Managed VolatilityPairCorr
  0.67JRSSX Intech Managed VolatilityPairCorr
  0.82JRSTX Intech Managed VolatilityPairCorr
  0.75JACNX Janus ContrarianPairCorr
  0.82JADFX Janus Flexible BondPairCorr
  0.68JABLX Balanced PortfolioPairCorr
  0.65JABNX Janus BalancedPairCorr
  0.61JABRX Janus BalancedPairCorr
  0.68JACCX Janus Forty FundPairCorr
  0.7JAENX Janus EnterprisePairCorr
  0.84JAFLX Flexible Bond PortfolioPairCorr
  0.78JAGTX Janus Global TechnologyPairCorr
  0.87JAGLX Janus Global LifePairCorr
  0.67JAHYX Janus High YieldPairCorr
  0.89JAIGX Overseas PortfolioPairCorr
  0.8JANBX Janus BalancedPairCorr
  0.7JANEX Janus EnterprisePairCorr
  0.82JANFX Janus Flexible BondPairCorr
  0.86JANRX Janus Global SelectPairCorr
  0.9JANVX Janus VenturePairCorr
  0.89JAMVX Janus Aspen PerkinsPairCorr

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  0.56  0.17  0.19  0.37  0.34 
(0.67)
 1.47 
(1.13)
 3.23 
LDCVX  0.07  0.01 (0.53) 0.33  0.00 
(0.18)
 0.11 
(0.11)
 0.65 
FCSTX  0.05  0.02  0.00 (7.80) 0.00 
 0.00 
 0.10 
(0.09)
 0.29 
FNDSX  0.13  0.00 (0.33) 0.07  0.08 
(0.18)
 0.32 
(0.32)
 0.64 
MXXIX  1.09  0.36  0.27  1.66  0.69 
(1.30)
 1.72 
(1.66)
 17.79 
JRSIX  0.74  0.14  0.12  0.34  0.64 
(0.85)
 1.22 
(1.12)
 12.39 
JRSSX  0.74  0.14  0.12  0.34  0.64 
(0.83)
 1.21 
(1.12)
 12.33 
JRSNX  0.74  0.14  0.12  0.34  0.64 
(0.83)
 1.23 
(1.13)
 12.53 
MHD  0.33  0.01 (0.12)(2.18) 0.42 
(0.40)
 0.85 
(0.87)
 2.14 
OISVX  0.76  0.13  0.14  0.21  0.54 
(0.93)
 2.59 
(1.19)
 4.51 

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