Huber Capital Correlations
| HULIX Fund | USD 33.74 0.09 0.27% |
The current 90-days correlation between Huber Capital Equity and Ab Global Bond is 0.12 (i.e., Average 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
Poor diversification
The correlation between Huber Capital Equity and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Equity and DJI in the same portfolio, assuming nothing else is changed.
Huber |
Moving together with Huber Mutual Fund
| 0.93 | HUDEX | Huber Capital Diversified | PairCorr |
| 0.92 | HUDIX | Huber Capital Diversified | PairCorr |
| 1.0 | HULEX | Huber Capital Equity | PairCorr |
| 0.91 | HUMEX | Huber Capital Mid | PairCorr |
| 0.96 | HUSEX | Huber Capital Small | PairCorr |
| 0.96 | HUSIX | Huber Capital Small | PairCorr |
| 0.78 | VVIAX | Vanguard Value Index | PairCorr |
| 0.79 | DOXGX | Dodge Cox Stock | PairCorr |
| 0.78 | VIVAX | Vanguard Value Index | PairCorr |
| 0.67 | CPCTX | Counterpoint Tactical | PairCorr |
| 0.81 | RYCNX | Transportation Fund Class | PairCorr |
| 0.77 | OGEAX | Jpmorgan Equity Index | PairCorr |
| 0.93 | MRRGX | Meridian Growth | PairCorr |
| 0.81 | STBDX | Sierra Tactical Bond | PairCorr |
| 0.64 | SMRPX | Salient Mlp Energy | PairCorr |
| 0.93 | MRAGX | Meridian Growth | PairCorr |
| 0.66 | LSYNX | Lord Abbett Short | PairCorr |
Related Correlations Analysis
| 0.61 | 0.92 | 0.57 | 0.11 | 0.85 | 0.0 | ANAGX | ||
| 0.61 | 0.67 | 0.88 | 0.55 | 0.74 | 0.0 | LMUSX | ||
| 0.92 | 0.67 | 0.64 | 0.03 | 0.89 | 0.0 | LFLCX | ||
| 0.57 | 0.88 | 0.64 | 0.53 | 0.7 | 0.0 | LIOTX | ||
| 0.11 | 0.55 | 0.03 | 0.53 | 0.02 | 0.0 | OPTCX | ||
| 0.85 | 0.74 | 0.89 | 0.7 | 0.02 | 0.0 | XAWFX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TIMXX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANAGX | 0.19 | (0.02) | 0.00 | (0.39) | 0.00 | 0.44 | 1.16 | |||
| LMUSX | 0.71 | 0.01 | 0.00 | 0.03 | 1.16 | 1.27 | 6.30 | |||
| LFLCX | 0.19 | (0.02) | 0.00 | (0.30) | 0.00 | 0.44 | 1.31 | |||
| LIOTX | 0.89 | 0.05 | 0.03 | 0.11 | 1.25 | 2.13 | 6.56 | |||
| OPTCX | 0.14 | 0.02 | 0.01 | 0.47 | 0.00 | 0.31 | 1.35 | |||
| XAWFX | 0.13 | (0.01) | 0.00 | (0.50) | 0.00 | 0.18 | 0.88 | |||
| TIMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |