The Henssler Correlations

HEQFX Fund

USD 4.56 0.10 2.24%

The current 90-days correlation between Henssler Equity and Doubleline Emerging Markets is 0.05 (i.e., Significant diversification). The correlation of The Henssler 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.

The Henssler Correlation With Market

Poor diversification

The correlation between The Henssler Equity and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Henssler Equity 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 The Henssler Equity. 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 census.

Moving together with The Mutual Fund

0.92	BIGTX	Texas Fund	Pair Corr
0.91	EEIFX	Monteagle Enhanced Equity	Pair Corr
0.93	MVEIX	Monteagle Select Value	Pair Corr
0.77	VIMAX	Vanguard Mid Cap	Pair Corr
0.76	VIMSX	Vanguard Mid Cap	Pair Corr
0.77	VMCPX	Vanguard Mid Cap	Pair Corr
0.77	VMCIX	Vanguard Mid Cap	Pair Corr
0.81	VEXAX	Vanguard Extended Market	Pair Corr
0.81	VEMPX	Vanguard Extended Market	Pair Corr
0.81	VIEIX	Vanguard Extended Market	Pair Corr
0.81	VSEMX	Vanguard Extended Market	Pair Corr
0.81	VEXMX	Vanguard Extended Market	Pair Corr
0.8	FSMAX	Fidelity Extended Market	Pair Corr
0.72	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.77	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr

Moving against The Mutual Fund

0.89	RYAFX	Inverse Russell 2000	Pair Corr
0.68	CRDLX	Griffin Institutional	Pair Corr
0.56	ASADX	Short Duration Strategic	Pair Corr
0.53	JSNIX	Jhancock Short Duration	Pair Corr
0.48	MWLNX	Metropolitan West Low	Pair Corr
0.31	PONAX	Pimco Income	Pair Corr
0.75	SHRIX	Stone Ridge High	Pair Corr
0.64	ICIYX	Invesco Conservative	Pair Corr
0.6	QMHRX	Aqr Managed Futures	Pair Corr
0.57	AGVSX	Invesco Government	Pair Corr

Related Correlations Analysis

	DLELX	TIEXX	BBSXX	FMFXX	JAMXX	PAELX
DLELX		0.0	0.0	0.0	0.0	0.99	DLELX
TIEXX	0.0		0.0	0.0	0.0	0.0	TIEXX
BBSXX	0.0	0.0		0.0	0.0	0.0	BBSXX
FMFXX	0.0	0.0	0.0		0.0	0.0	FMFXX
JAMXX	0.0	0.0	0.0	0.0		0.0	JAMXX
PAELX	0.99	0.0	0.0	0.0	0.0		PAELX
	DLELX	TIEXX	BBSXX	FMFXX	JAMXX	PAELX

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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

PAELX	+ 0.99	DLELX
TIEXX	+ 0.0	DLELX
BBSXX	+ 0.0	DLELX
FMFXX	+ 0.0	DLELX
JAMXX	+ 0.0	DLELX
BBSXX	+ 0.0	TIEXX

High negative correlations

PAELX	- 0.0	JAMXX
PAELX	- 0.0	FMFXX
JAMXX	- 0.0	FMFXX
PAELX	- 0.0	BBSXX
JAMXX	- 0.0	BBSXX
FMFXX	- 0.0	BBSXX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Henssler 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 The Henssler'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
DLELX	0.33	0.02	0.41	3.16	0.31	(0.41)	0.71	(0.58)	1.74
TIEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JAMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAELX	0.33	0.03	0.39	(7.00)	0.26	(0.49)	0.67	(0.64)	1.93

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