HCM Defender Correlations

QQH Etf

USD 74.55 0.77 1.04%

The current 90-days correlation between HCM Defender 100 and Invesco RAFI Strategic is 0.7 (i.e., Poor diversification). The correlation of HCM Defender 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.

HCM Defender Correlation With Market

Average diversification

The correlation between HCM Defender 100 and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HCM Defender 100 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with HCM Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in HCM Defender 100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with HCM Etf

0.93	VUG	Vanguard Growth Index	Pair Corr
0.91	IWF	iShares Russell 1000	Pair Corr
0.95	IVW	iShares SP 500	Pair Corr
0.95	SPYG	SPDR Portfolio SP	Pair Corr
0.92	IUSG	iShares Core SP	Pair Corr
0.91	VONG	Vanguard Russell 1000	Pair Corr
0.9	MGK	Vanguard Mega Cap	Pair Corr
0.91	VRGWX	Vanguard Russell 1000	Pair Corr
0.94	QQQM	Invesco NASDAQ 100	Pair Corr
0.89	IWY	iShares Russell Top	Pair Corr

Moving against HCM Etf

0.63	FNGD	MicroSectors FANG Index	Pair Corr
0.46	XLU	Utilities Select Sector Aggressive Push	Pair Corr
0.44	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.36	BWET	ETF Managers Group	Pair Corr
0.37	IBTM	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	LGH	GSSC	QLC	DOL	DWAS	SFY	RSPN	RSPH	PWRD	IUS
LGH		0.71	0.89	0.46	0.71	0.97	0.49	0.62	0.36	0.61	LGH
GSSC	0.71		0.9	0.83	0.97	0.71	0.89	0.84	0.63	0.92	GSSC
QLC	0.89	0.9		0.77	0.88	0.86	0.8	0.77	0.57	0.87	QLC
DOL	0.46	0.83	0.77		0.76	0.49	0.97	0.65	0.8	0.96	DOL
DWAS	0.71	0.97	0.88	0.76		0.71	0.84	0.79	0.58	0.87	DWAS
SFY	0.97	0.71	0.86	0.49	0.71		0.49	0.61	0.43	0.61	SFY
RSPN	0.49	0.89	0.8	0.97	0.84	0.49		0.73	0.78	0.98	RSPN
RSPH	0.62	0.84	0.77	0.65	0.79	0.61	0.73		0.44	0.76	RSPH
PWRD	0.36	0.63	0.57	0.8	0.58	0.43	0.78	0.44		0.76	PWRD
IUS	0.61	0.92	0.87	0.96	0.87	0.61	0.98	0.76	0.76		IUS
	LGH	GSSC	QLC	DOL	DWAS	SFY	RSPN	RSPH	PWRD	IUS

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HCM Defender Constituents Risk-Adjusted Indicators

There is a big difference between HCM Etf performing well and HCM Defender ETF 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 HCM Defender'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
LGH	0.79	(0.08)	0.00	(0.03)	0.00	0.00	1.23	(2.11)	5.39
GSSC	0.85	0.04	0.05	0.08	0.88	(1.00)	2.01	(1.64)	4.78
QLC	0.61	(0.01)	(0.02)	0.03	0.83	(0.63)	1.07	(1.65)	4.67
DOL	0.62	0.16	0.20	0.28	0.46	(0.70)	1.35	(1.18)	3.30
DWAS	1.16	0.08	0.05	0.11	1.46	(1.15)	2.14	(2.22)	6.54
SFY	0.70	(0.06)	0.00	(0.03)	0.00	0.00	1.27	(1.87)	4.45
RSPN	0.76	0.13	0.15	0.17	0.70	(0.86)	2.04	(1.45)	4.44
RSPH	0.71	0.03	0.03	0.08	0.65	(0.91)	2.18	(1.36)	4.78
PWRD	1.20	0.08	0.02	(1.04)	1.50	(1.19)	2.32	(2.90)	6.11
IUS	0.50	0.05	0.06	0.11	0.53	(0.50)	1.27	(1.06)	3.14

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