Huber Capital Correlations

HUDIX Fund

USD 24.77 0.21 0.86%

The current 90-days correlation between Huber Capital Diversified and Alpine Ultra Short is -0.01 (i.e., Good diversification). The correlation of Huber Capital 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.

Huber Capital Correlation With Market

Very weak diversification

The correlation between Huber Capital Diversified and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Diversified 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 Huber Capital Diversified. 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 Huber Mutual Fund

1.0	HUDEX	Huber Capital Diversified	Pair Corr
0.94	HULEX	Huber Capital Equity	Pair Corr
0.94	HULIX	Huber Capital Equity	Pair Corr
0.92	HUMDX	Huber Capital Mid	Pair Corr
0.92	HUMEX	Huber Capital Mid	Pair Corr
0.89	HUSEX	Huber Capital Small	Pair Corr
0.89	HUSIX	Huber Capital Small	Pair Corr
0.71	VVIAX	Vanguard Value Index	Pair Corr
0.72	DOXGX	Dodge Cox Stock	Pair Corr
0.71	VIVAX	Vanguard Value Index	Pair Corr
0.83	FSBCX	Federated Global All	Pair Corr
0.79	FBALX	Fidelity Balanced	Pair Corr
0.64	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.89	VWENX	Vanguard Wellington	Pair Corr
0.76	FSRCX	Fidelity Advisor Str	Pair Corr
0.87	USA	Liberty All Star	Pair Corr
0.87	GAB	Gabelli Equity Trust	Pair Corr
0.72	LHYOX	Lord Abbett High	Pair Corr

Related Correlations Analysis

	ATOAX	SNCAX	SMAAX	MDMTX	LOISX	AUNCX	NSIOX
ATOAX		-0.11	0.03	0.04	0.16	-0.02	0.31	ATOAX
SNCAX	-0.11		0.96	0.95	0.86	0.76	0.89	SNCAX
SMAAX	0.03	0.96		0.97	0.93	0.83	0.94	SMAAX
MDMTX	0.04	0.95	0.97		0.91	0.8	0.94	MDMTX
LOISX	0.16	0.86	0.93	0.91		0.77	0.89	LOISX
AUNCX	-0.02	0.76	0.83	0.8	0.77		0.77	AUNCX
NSIOX	0.31	0.89	0.94	0.94	0.89	0.77		NSIOX
	ATOAX	SNCAX	SMAAX	MDMTX	LOISX	AUNCX	NSIOX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MDMTX	+ 0.97	SMAAX
SMAAX	+ 0.96	SNCAX
MDMTX	+ 0.95	SNCAX
NSIOX	+ 0.94	SMAAX
NSIOX	+ 0.94	MDMTX
LOISX	+ 0.93	SMAAX

High negative correlations

SNCAX	- 0.11	ATOAX
AUNCX	- 0.02	ATOAX

Risk-Adjusted Indicators

There is a big difference between Huber Mutual Fund performing well and Huber Capital 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 Huber Capital'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
ATOAX	0.03	0.00	0.00	(0.24)	0.00	0.00	0.10	0.00	0.40
SNCAX	0.13	(0.01)	(0.35)	(0.10)	0.19	(0.14)	0.29	(0.29)	0.94
SMAAX	0.15	0.00	(0.26)	0.16	0.20	(0.18)	0.30	(0.30)	1.40
MDMTX	0.19	0.00	(0.20)	0.06	0.25	(0.26)	0.48	(0.56)	1.72
LOISX	0.15	0.00	(0.25)	0.55	0.18	(0.20)	0.30	(0.29)	1.28
AUNCX	0.12	0.00	(0.34)	0.15	0.13	(0.16)	0.28	(0.28)	1.31
NSIOX	0.19	0.01	(0.17)	0.35	0.22	(0.26)	0.50	(0.40)	1.62

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