Hunter Small Correlations

Mutual Funds . USA . 
Fund . Hunter Small Cap
HSCVX Fund  USD 12.80  0.10  0.78%   
The current 90-days correlation between Hunter Small Cap and Ab Small Cap is 0.82 (i.e., Very poor diversification). The correlation of Hunter Small 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.

Hunter Small Correlation With Market

Weak diversification

The correlation between Hunter Small Cap and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hunter Small Cap 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 Hunter Small Cap. 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 real.

Moving together with Hunter Mutual Fund

  0.95VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.95DFSVX Us Small CapPairCorr
  0.93DFFVX Us Targeted ValuePairCorr
  0.97UBVCX Undiscovered ManagersPairCorr
  0.98UBVAX Undiscovered ManagersPairCorr
  0.98UBVSX Undiscovered ManagersPairCorr
  0.92AVFIX American Beacon SmallPairCorr
  0.71RSNYX Victory Global NaturalPairCorr
  0.72RSNRX Victory Global NaturalPairCorr
  0.83RMQAX Monthly Rebalance Steady GrowthPairCorr
  0.83RMQHX Monthly Rebalance Steady GrowthPairCorr
  0.71VOLJX Abr 7525 VolatilityPairCorr
  0.88GSWPX Goldman Sachs SmallmidPairCorr
  0.76JRODX J Hancock IiPairCorr
  0.88ALCEX Avantis Large CapPairCorr
  0.94EVT Eaton Vance TaxPairCorr
  0.93ARTNX Artisan Select EquityPairCorr
  0.88USA Liberty All StarPairCorr
  0.86FSBCX Federated Global AllPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Hunter Mutual Fund performing well and Hunter Small 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 Hunter Small'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.

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