Hcm Dynamic Correlations
| HCMBX Fund | USD 10.04 0.05 0.50% |
The current 90-days correlation between Hcm Dynamic Income and Hcm Dividend Sector is -0.09 (i.e., Good diversification). The correlation of Hcm Dynamic 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.
Hcm Dynamic Correlation With Market
Average diversification
The correlation between Hcm Dynamic Income 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 Dynamic Income and DJI in the same portfolio, assuming nothing else is changed.
Hcm |
Moving together with Hcm Mutual Fund
| 1.0 | HCMUX | Hcm Dynamic Income | PairCorr |
| 0.99 | HCMFX | Hcm Dynamic Income | PairCorr |
| 0.61 | BSIKX | Blackrock Strategic | PairCorr |
| 0.63 | BSICX | Blackrock Strategic Opps | PairCorr |
| 0.69 | BASIX | Blackrock Strategic Opps | PairCorr |
| 0.61 | BSIIX | Blackrock Strategic | PairCorr |
| 0.61 | PDI | Pimco Dynamic Income | PairCorr |
| 0.65 | CUBAX | Calvert Unconstrained | PairCorr |
| 0.62 | GAB | Gabelli Equity Trust | PairCorr |
| 0.72 | PEBCX | Emerging Markets Bond | PairCorr |
| 0.76 | CMBZX | Columbia Emerging Markets | PairCorr |
| 0.65 | CFNLX | National Tax | PairCorr |
Moving against Hcm Mutual Fund
| 0.63 | TCTGX | Transamerica Cleartrack | PairCorr |
| 0.63 | TDKTX | Cleartrack 2015 Class | PairCorr |
| 0.63 | TCTJX | Transamerica Cleartrack | PairCorr |
| 0.61 | TCSUX | Cleartrack 2020 Class | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Hcm Mutual Fund performing well and Hcm Dynamic 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 Hcm Dynamic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCMPX | 1.24 | (0.34) | 0.00 | (0.77) | 0.00 | 1.81 | 14.38 | |||
| HCMQX | 1.22 | (0.33) | 0.00 | (0.72) | 0.00 | 1.83 | 13.59 | |||
| HCMSX | 1.57 | (0.39) | 0.00 | (1.12) | 0.00 | 2.34 | 12.49 | |||
| HCMUX | 0.41 | 0.00 | 0.00 | (0.09) | 0.00 | 0.90 | 2.50 | |||
| HCMWX | 1.22 | (0.34) | 0.00 | (1.11) | 0.00 | 1.79 | 13.14 | |||
| HCMZX | 1.22 | (0.33) | 0.00 | (0.74) | 0.00 | 1.80 | 13.73 | |||
| HCMBX | 0.40 | 0.00 | 0.00 | (0.10) | 0.00 | 0.90 | 2.48 | |||
| HCMDX | 1.60 | (0.37) | 0.00 | (0.71) | 0.00 | 2.36 | 13.90 | |||
| HCMEX | 1.05 | (0.26) | 0.00 | (0.76) | 0.00 | 1.52 | 10.63 | |||
| HCMFX | 0.41 | 0.00 | 0.00 | (0.11) | 0.00 | 1.02 | 2.42 |