Hood River Correlations
| HRNRX Fund | 12.30 0.21 1.68% |
The current 90-days correlation between Hood River New and Barings Active Short is -0.06 (i.e., Good diversification). The correlation of Hood River 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.
Hood River Correlation With Market
Good diversification
The correlation between Hood River New and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hood River New and DJI in the same portfolio, assuming nothing else is changed.
Hood |
Moving together with Hood Mutual Fund
Moving against Hood Mutual Fund
| 0.4 | HSGFX | Hussman Strategic Growth | PairCorr |
| 0.48 | PFE | Pfizer Inc | PairCorr |
| 0.44 | KO | Coca Cola | PairCorr |
| 0.41 | BA | Boeing | PairCorr |
| 0.38 | T | ATT Inc Aggressive Push | PairCorr |
| 0.31 | CSCO | Cisco Systems | PairCorr |
Related Correlations Analysis
| 0.48 | 0.9 | 0.32 | 0.94 | BXDCX | ||
| 0.48 | 0.29 | 0.95 | 0.36 | TASTX | ||
| 0.9 | 0.29 | 0.17 | 0.98 | ATOAX | ||
| 0.32 | 0.95 | 0.17 | 0.23 | MWUIX | ||
| 0.94 | 0.36 | 0.98 | 0.23 | TSDCX | ||
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Risk-Adjusted Indicators
There is a big difference between Hood Mutual Fund performing well and Hood River 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 Hood River'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BXDCX | 0.08 | 0.02 | 0.31 | 2.21 | 0.00 | 0.22 | 0.65 | |||
| TASTX | 0.07 | 0.01 | 0.23 | 4.71 | 0.00 | 0.21 | 0.51 | |||
| ATOAX | 0.02 | 0.00 | 0.00 | (0.30) | 0.00 | 0.00 | 0.30 | |||
| MWUIX | 0.07 | 0.01 | 0.00 | 0.29 | 0.00 | 0.24 | 0.73 | |||
| TSDCX | 0.05 | 0.01 | 0.00 | 3.11 | 0.00 | 0.11 | 0.66 |
Hood River Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hood River mutual fund to make a market-neutral strategy. Peer analysis of Hood River could also be used in its relative valuation, which is a method of valuing Hood River by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |