Hcm Dividend Correlations

HCMWX Fund

USD 17.74 0.02 0.11%

The current 90-days correlation between Hcm Dividend Sector and Tax Managed International Equity is -0.12 (i.e., Good diversification). The correlation of Hcm Dividend 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 Dividend Correlation With Market

Significant diversification

The correlation between Hcm Dividend Sector and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hcm Dividend Sector 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 Dividend Sector. 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 housing.

Moving together with Hcm Mutual Fund

1.0	HCMPX	Hcm Dividend Sector	Pair Corr
1.0	HCMQX	Hcm Dividend Sector	Pair Corr
0.97	HCMSX	Hcm Tactical Growth	Pair Corr
1.0	HCMZX	Hcm Dividend Sector	Pair Corr
0.97	HCMDX	Hcm Tactical Growth	Pair Corr
0.99	HCMEX	Hcm Income Plus	Pair Corr
0.97	HCMGX	Hcm Tactical Growth	Pair Corr
0.92	HCMIX	Hcm Tactical Growth	Pair Corr
0.99	HCMKX	Hcm Income Plus	Pair Corr
0.94	HCMLX	Hcm Income Plus	Pair Corr
1.0	HCMNX	Hcm Dividend Sector	Pair Corr

Moving against Hcm Mutual Fund

0.78	LIBAX	Columbia Total Return	Pair Corr
0.75	MUAIX	Ultra Short Income	Pair Corr
0.67	VUSIX	Invesco Quality Income	Pair Corr
0.55	SCFIX	Shenkman Short Duration	Pair Corr
0.55	SICIX	Saat Servative Strategy	Pair Corr
0.53	PFO	Flaherty Crumrine	Pair Corr
0.48	AVAYX	Ab Virginia Portfolio	Pair Corr
0.41	PCF	Putnam High Income	Pair Corr
0.37	XPPRX	Voya Prime Rate	Pair Corr
0.37	FTUPRX	Ftuprx	Pair Corr
0.32	PFN	Pimco Income Strategy	Pair Corr

Related Correlations Analysis

	RTIUX	TRWIX	DBLFX	SPRDX	QLENX	PAEIX	MSTFX
RTIUX		0.82	0.88	0.95	0.94	1.0	0.99	RTIUX
TRWIX	0.82		0.8	0.84	0.69	0.8	0.87	TRWIX
DBLFX	0.88	0.8		0.9	0.83	0.9	0.89	DBLFX
SPRDX	0.95	0.84	0.9		0.82	0.95	0.96	SPRDX
QLENX	0.94	0.69	0.83	0.82		0.94	0.89	QLENX
PAEIX	1.0	0.8	0.9	0.95	0.94		0.98	PAEIX
MSTFX	0.99	0.87	0.89	0.96	0.89	0.98		MSTFX
	RTIUX	TRWIX	DBLFX	SPRDX	QLENX	PAEIX	MSTFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Hcm Mutual Fund performing well and Hcm Dividend 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 Dividend'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
RTIUX	0.61	0.10	0.16	0.14	0.76	(0.66)	1.47	(1.45)	5.02
TRWIX	0.68	0.14	0.18	(8.26)	0.81	(0.67)	1.60	(1.73)	5.45
DBLFX	0.22	0.02	0.30	0.44	0.17	(0.27)	0.54	(0.33)	1.33
SPRDX	0.70	0.04	0.05	(0.01)	1.18	(0.64)	1.35	(1.59)	4.63
QLENX	0.44	0.14	0.30	0.29	0.41	(0.48)	0.81	(0.65)	3.11
PAEIX	0.67	0.12	0.16	0.15	0.78	(0.72)	1.50	(1.54)	4.54
MSTFX	0.66	0.10	0.14	0.12	0.81	(0.72)	1.39	(1.42)	4.63

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