Hedgerow Income Correlations

HIOIX Fund

USD 12.39 0.37 2.90%

The current 90-days correlation between Hedgerow Income And and Artisan Sustainable Emerging is 0.66 (i.e., Poor diversification). The correlation of Hedgerow 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.

Hedgerow Income Correlation With Market

Very poor diversification

The correlation between Hedgerow Income And and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hedgerow Income And 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 Hedgerow Income And. 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 Hedgerow Mutual Fund

0.86	MCSCX	M3sixty Capital Small	Pair Corr
0.94	HROAX	Hedgerow Income And	Pair Corr
0.77	JEPCX	Jpmorgan Research Equity	Pair Corr
0.69	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.81	GSPAX	Goldman Sachs Equity	Pair Corr
0.83	GSPQX	Goldman Sachs Equity	Pair Corr
0.83	GSPKX	Goldman Sachs Equity	Pair Corr
0.83	GVIRX	Goldman Sachs Equity	Pair Corr
0.83	GSFPX	Goldman Sachs Equity	Pair Corr
0.83	GIDWX	Goldman Sachs Equity	Pair Corr
0.87	BHEIX	Blackrock High Equity	Pair Corr
0.75	PFN	Pimco Income Strategy	Pair Corr
0.9	RNGFX	New Economy Fund	Pair Corr
0.8	MCSRX	Mfs Modity Strategy	Pair Corr
0.82	BNDAX	Total Return Bond	Pair Corr
0.83	SIHPX	Guggenheim High Yield	Pair Corr
0.77	OGLNX	Oppenheimer Global	Pair Corr
0.84	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.7	PMORX	Putnam Mortgage Oppo	Pair Corr
0.71	FSPTX	Technology Portfolio	Pair Corr
0.68	ABIMX	Ab Impact Municipal	Pair Corr
0.61	DIBAX	Dreyfus International	Pair Corr
0.93	PAFFX	T Rowe Price	Pair Corr
0.72	FIQZX	Fidelity Intermediate	Pair Corr
0.85	PCSGX	Pace Smallmedium Growth	Pair Corr
0.82	CVISX	Causeway International	Pair Corr
0.89	BLPEX	American Funds Balanced	Pair Corr
0.7	BKMBX	Blackrock Systematic	Pair Corr
0.89	GMIAX	Nationwide Investor	Pair Corr
0.65	HLDCX	Hartford Emerging	Pair Corr
0.82	JVTIX	Janus Venture	Pair Corr

Moving against Hedgerow Mutual Fund

0.52	NXJ	Nuveen New Jersey	Pair Corr
0.46	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	HIOIX	MCSCX	VFIFX	TQAAX	ESCIX	MACVX	TVIIX	RGSVX	APDEX
HIOIX		0.86	0.88	0.8	0.84	0.85	0.84	0.35	0.85	HIOIX
MCSCX	0.86		0.94	0.81	0.86	0.7	0.76	0.28	0.87	MCSCX
VFIFX	0.88	0.94		0.85	0.92	0.79	0.86	0.41	0.91	VFIFX
TQAAX	0.8	0.81	0.85		0.73	0.83	0.93	0.57	0.74	TQAAX
ESCIX	0.84	0.86	0.92	0.73		0.76	0.81	0.54	0.99	ESCIX
MACVX	0.85	0.7	0.79	0.83	0.76		0.94	0.68	0.77	MACVX
TVIIX	0.84	0.76	0.86	0.93	0.81	0.94		0.74	0.8	TVIIX
RGSVX	0.35	0.28	0.41	0.57	0.54	0.68	0.74		0.52	RGSVX
APDEX	0.85	0.87	0.91	0.74	0.99	0.77	0.8	0.52		APDEX
	HIOIX	MCSCX	VFIFX	TQAAX	ESCIX	MACVX	TVIIX	RGSVX	APDEX

Risk-Adjusted Indicators

There is a big difference between Hedgerow Mutual Fund performing well and Hedgerow 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 Hedgerow 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
HIOIX	0.87	0.06	0.00	0.59	1.04	(0.92)	2.11	(2.06)	6.96
MCSCX	0.84	0.21	0.14	1.02	0.73	(0.96)	2.25	(1.58)	4.85
VFIFX	0.51	0.03	0.01	0.12	0.56	(0.56)	1.01	(1.18)	2.82
TQAAX	0.90	0.06	0.06	0.13	0.87	(1.05)	1.84	(1.61)	4.35
ESCIX	0.70	0.15	0.08	(3.45)	0.61	(0.81)	1.58	(1.13)	4.15
MACVX	0.28	0.08	0.08	0.36	0.00	(0.36)	0.55	(0.44)	4.16
TVIIX	0.52	0.04	0.01	0.13	0.57	(0.58)	1.03	(1.08)	2.67
RGSVX	0.49	0.15	0.20	0.82	0.03	(0.61)	1.31	(0.66)	2.61
APDEX	0.70	0.21	0.17	38.96	0.52	(0.85)	1.66	(1.28)	3.88

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