Fa529 Hg Correlations

FHPCX Fund

USD 28.07 0.01 0.04%

The current 90-days correlation between Fa529 Hg In and Fa529 Hg In is 0.99 (i.e., No risk reduction). The correlation of Fa529 Hg 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.

Fa529 Hg Correlation With Market

Significant diversification

The correlation between Fa529 Hg In and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa529 Hg In and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fa529 Hg In. 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 main economic indicators.

Moving together with Fa529 Mutual Fund

0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.79	VITSX	Vanguard Total Stock	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.69	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.69	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.69	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.69	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.68	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.8	CISGX	Touchstone Sands Capital	Pair Corr
0.75	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.72	MSFT	Microsoft	Pair Corr
0.65	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.75	DIS	Walt Disney	Pair Corr

Moving against Fa529 Mutual Fund

0.32	VTIAX	Vanguard Total Inter	Pair Corr
0.7	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.51	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.44	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.4	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	FHCAX	FHIDX	FHIPX	FHPCX	FICPX	FIDDX	FIPPX	FIPEX	FAAPX
FHCAX		1.0	1.0	0.99	-0.2	-0.17	-0.18	-0.16	0.0	FHCAX
FHIDX	1.0		1.0	1.0	-0.17	-0.13	-0.15	-0.13	0.0	FHIDX
FHIPX	1.0	1.0		1.0	-0.14	-0.11	-0.12	-0.1	0.0	FHIPX
FHPCX	0.99	1.0	1.0		-0.11	-0.08	-0.09	-0.07	0.0	FHPCX
FICPX	-0.2	-0.17	-0.14	-0.11		1.0	1.0	1.0	0.0	FICPX
FIDDX	-0.17	-0.13	-0.11	-0.08	1.0		1.0	1.0	0.0	FIDDX
FIPPX	-0.18	-0.15	-0.12	-0.09	1.0	1.0		1.0	0.0	FIPPX
FIPEX	-0.16	-0.13	-0.1	-0.07	1.0	1.0	1.0		0.0	FIPEX
FAAPX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FAAPX
	FHCAX	FHIDX	FHIPX	FHPCX	FICPX	FIDDX	FIPPX	FIPEX	FAAPX

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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

FHIDX	+ 1.0	FHCAX
FHIPX	+ 1.0	FHCAX
FHIPX	+ 1.0	FHIDX
FHPCX	+ 1.0	FHIDX
FHPCX	+ 1.0	FHIPX
FIDDX	+ 1.0	FICPX

High negative correlations

FICPX	- 0.2	FHCAX
FIPPX	- 0.18	FHCAX
FICPX	- 0.17	FHIDX
FIDDX	- 0.17	FHCAX
FIPEX	- 0.16	FHCAX
FIPPX	- 0.15	FHIDX

Risk-Adjusted Indicators

There is a big difference between Fa529 Mutual Fund performing well and Fa529 Hg 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 Fa529 Hg'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
FHCAX	0.11	0.00	(0.02)	(0.33)	0.13	(0.12)	0.18	(0.23)	0.91
FHIDX	0.11	0.00	(0.03)	(0.69)	0.15	(0.11)	0.16	(0.22)	0.95
FHIPX	0.11	0.00	(0.04)	(0.77)	0.15	(0.11)	0.17	(0.24)	0.87
FHPCX	0.11	(0.01)	(0.04)	(0.58)	0.15	(0.11)	0.18	(0.25)	0.85
FICPX	0.20	(0.06)	0.00	(2.53)	0.00	0.00	0.31	(0.56)	1.25
FIDDX	0.21	(0.06)	0.00	(1.81)	0.00	0.00	0.34	(0.56)	1.24
FIPPX	0.21	(0.06)	0.00	(2.13)	0.00	0.00	0.35	(0.59)	1.30
FIPEX	0.20	(0.06)	0.00	(1.84)	0.00	0.00	0.31	(0.57)	1.30
FAAPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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