Hcm Tactical Correlations

HCMSX Fund

USD 26.27 0.16 0.61%

The correlation of Hcm Tactical 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 Tactical Correlation With Market

Significant diversification

The correlation between Hcm Tactical Growth and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hcm Tactical Growth 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 Hcm Tactical Growth. 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 state.

Moving together with Hcm Mutual Fund

0.97	HCMPX	Hcm Dividend Sector	Pair Corr
0.97	HCMQX	Hcm Dividend Sector	Pair Corr
0.97	HCMWX	Hcm Dividend Sector	Pair Corr
0.97	HCMZX	Hcm Dividend Sector	Pair Corr
1.0	HCMDX	Hcm Tactical Growth	Pair Corr
0.99	HCMEX	Hcm Income Plus	Pair Corr
1.0	HCMGX	Hcm Tactical Growth	Pair Corr
0.93	HCMIX	Hcm Tactical Growth	Pair Corr
0.99	HCMKX	Hcm Income Plus	Pair Corr
0.97	HCMNX	Hcm Dividend Sector	Pair Corr
0.78	FAFGX	American Funds	Pair Corr
0.78	FFAFX	American Funds	Pair Corr
0.79	GFACX	Growth Fund	Pair Corr
0.79	GFAFX	Growth Fund	Pair Corr
0.79	AGTHX	Growth Fund	Pair Corr
0.79	CGFFX	Growth Fund	Pair Corr
0.79	CGFCX	Growth Fund	Pair Corr
0.79	CGFAX	Growth Fund	Pair Corr
0.79	CGFEX	Growth Fund	Pair Corr
0.79	RGAEX	Growth Fund	Pair Corr
0.69	WHIYX	Ivy High Income	Pair Corr
0.62	IVHIX	Ivy High Income	Pair Corr
0.62	IHIFX	Ivy High Income	Pair Corr
0.74	WRHIX	Ivy High Income	Pair Corr
0.66	WHIAX	Ivy High Income	Pair Corr

Moving against Hcm Mutual Fund

0.87	GF	New Germany Closed	Pair Corr
0.82	HRBDX	Harbor Bond Fund	Pair Corr
0.81	BISMX	Brandes International	Pair Corr
0.79	EMBAX	Unconstrained Emerging	Pair Corr
0.78	VICSX	Vanguard Intermediate-ter	Pair Corr
0.76	GIOIX	Guggenheim Macro Opp	Pair Corr
0.75	USGDX	Morgan Stanley Government	Pair Corr
0.68	DLDFX	Destinations Low Duration	Pair Corr
0.64	ABNOX	Ab Bond Inflation	Pair Corr
0.58	SAEMX	Sa Emerging Markets	Pair Corr
0.58	HTD	John Hancock Tax	Pair Corr
0.56	ARBOX	Absolute Convertible	Pair Corr
0.55	EBSIX	Campbell Systematic Macro	Pair Corr
0.45	CSJZX	Cohen Steers Realty	Pair Corr

Related Correlations Analysis

	AEYXX	ICAXX	JRSXX	XFINX	SPAXX	FMFXX	FNPIX
AEYXX		0.0	0.0	0.0	0.0	0.0	0.0	AEYXX
ICAXX	0.0		0.0	0.0	0.0	0.0	0.0	ICAXX
JRSXX	0.0	0.0		0.0	0.0	0.0	0.0	JRSXX
XFINX	0.0	0.0	0.0		0.28	0.0	0.69	XFINX
SPAXX	0.0	0.0	0.0	0.28		0.0	0.35	SPAXX
FMFXX	0.0	0.0	0.0	0.0	0.0		0.0	FMFXX
FNPIX	0.0	0.0	0.0	0.69	0.35	0.0		FNPIX
	AEYXX	ICAXX	JRSXX	XFINX	SPAXX	FMFXX	FNPIX

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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

FNPIX	+ 0.69	XFINX
FNPIX	+ 0.35	SPAXX
SPAXX	+ 0.28	XFINX
ICAXX	+ 0.0	AEYXX
JRSXX	+ 0.0	AEYXX
XFINX	+ 0.0	AEYXX

High negative correlations

FNPIX	- 0.0	FMFXX
FMFXX	- 0.0	SPAXX
FMFXX	- 0.0	XFINX
FNPIX	- 0.0	JRSXX
FMFXX	- 0.0	JRSXX
SPAXX	- 0.0	JRSXX

Risk-Adjusted Indicators

There is a big difference between Hcm Mutual Fund performing well and Hcm Tactical 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 Tactical'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.14	(0.01)	(0.14)	0.28	(0.64)	1.27
SPAXX	0.03	0.01	0.62	0.00	0.00	1.01
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00
FNPIX	1.23	0.06	(0.02)	2.08	(3.48)	9.08

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