Hussman Strategic Correlations

HSDVX Fund

USD 9.57 0.01 0.10%

The current 90-days correlation between Hussman Strategic and Small Cap Value Fund is 0.21 (i.e., Modest diversification). The correlation of Hussman 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.

Hussman Strategic Correlation With Market

Good diversification

The correlation between Hussman Strategic Dividend and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hussman Strategic Dividend 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 Hussman Strategic Dividend. 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 Hussman Mutual Fund

0.71	HSAFX	Hussman Strategic	Pair Corr
0.82	VBIRX	Vanguard Short Term	Pair Corr
0.83	VFSUX	Vanguard Short Term	Pair Corr
0.89	VFSIX	Vanguard Short Term	Pair Corr
0.89	VFSTX	Vanguard Short Term	Pair Corr
0.86	VBITX	Vanguard Short Term	Pair Corr
0.84	VBISX	Vanguard Short Term	Pair Corr
0.89	LALDX	Lord Abbett Short	Pair Corr
0.86	VSCSX	Vanguard Short Term	Pair Corr
0.88	LDLAX	Lord Abbett Short	Pair Corr
0.9	LDLRX	Lord Abbett Short	Pair Corr
0.86	FISAX	Franklin Adjustable	Pair Corr
0.81	VMFXX	Vanguard Federal Money	Pair Corr
0.87	WAGIX	Western Asset Global	Pair Corr
0.78	DHEYX	Diamond Hill Short	Pair Corr
0.85	CPCTX	Counterpoint Tactical	Pair Corr
0.75	CNEYX	Alger Concentrated Equity	Pair Corr
0.71	ADNAX	American Beacon Ark	Pair Corr
0.83	LUBAX	Lord Abbett Ultra	Pair Corr
0.88	AFLKX	Anfield Universal Fixed	Pair Corr
0.84	LRRRX	Floating Rate	Pair Corr

Moving against Hussman Mutual Fund

0.31

EDUXX

Eduxx

Pair Corr

Related Correlations Analysis

	BRSVX	QRSAX	ARSMX	SCYVX	LVAQX	VVSCX	VISVX
BRSVX		0.91	0.96	0.91	0.94	0.91	0.89	BRSVX
QRSAX	0.91		0.93	0.97	0.98	0.97	0.96	QRSAX
ARSMX	0.96	0.93		0.94	0.94	0.91	0.92	ARSMX
SCYVX	0.91	0.97	0.94		0.97	0.99	0.98	SCYVX
LVAQX	0.94	0.98	0.94	0.97		0.97	0.96	LVAQX
VVSCX	0.91	0.97	0.91	0.99	0.97		0.99	VVSCX
VISVX	0.89	0.96	0.92	0.98	0.96	0.99		VISVX
	BRSVX	QRSAX	ARSMX	SCYVX	LVAQX	VVSCX	VISVX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Hussman Mutual Fund performing well and Hussman 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 Hussman 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BRSVX	1.00	(0.09)	0.00	(0.12)	0.00	0.00	1.93	(2.14)	11.86
QRSAX	0.75	(0.02)	0.00	(0.04)	0.00	0.00	1.36	(1.30)	9.42
ARSMX	0.76	(0.05)	0.00	(0.07)	0.00	0.00	1.48	(1.03)	13.11
SCYVX	0.91	(0.02)	(0.02)	(0.01)	1.22	(0.97)	1.73	(1.91)	9.85
LVAQX	0.83	(0.02)	0.00	(0.04)	0.00	0.00	1.61	(1.73)	9.77
VVSCX	0.90	0.00	(0.01)	0.03	1.19	(0.98)	1.82	(1.78)	10.88
VISVX	0.72	0.01	0.00	0.05	0.94	(0.80)	1.49	(1.35)	8.26

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