Hundredfold Select Correlations
HFSAX Fund | USD 24.84 0.09 0.36% |
The current 90-days correlation between Hundredfold Select and Spectrum Low Volatility is 0.2 (i.e., Modest diversification). The correlation of Hundredfold Select 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.
Hundredfold Select Correlation With Market
Significant diversification
The correlation between Hundredfold Select Alternative and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hundredfold Select Alternative and DJI in the same portfolio, assuming nothing else is changed.
Hundredfold |
Moving together with Hundredfold Mutual Fund
0.76 | VTSAX | Vanguard Total Stock | PairCorr |
0.8 | VFIAX | Vanguard 500 Index | PairCorr |
0.76 | VTSMX | Vanguard Total Stock | PairCorr |
0.76 | VSMPX | Vanguard Total Stock | PairCorr |
0.76 | VSTSX | Vanguard Total Stock | PairCorr |
0.78 | VITSX | Vanguard Total Stock | PairCorr |
0.8 | VFINX | Vanguard 500 Index | PairCorr |
0.77 | VFFSX | Vanguard 500 Index | PairCorr |
0.74 | MXMVX | Great West Goldman | PairCorr |
0.8 | ASLGX | Select Fund R5 | PairCorr |
0.85 | WSHCX | Washington Mutual | PairCorr |
0.61 | NASDX | Nasdaq 100 Index | PairCorr |
0.85 | NEXTX | Shelton Green Alpha | PairCorr |
0.83 | ANCFX | American Funds Funda | PairCorr |
0.74 | LIMIX | Lateef Focused Growth | PairCorr |
0.67 | PRJIX | T Rowe Price | PairCorr |
0.68 | ASVNX | Small Cap Value | PairCorr |
0.8 | FXAIX | Fidelity 500 Index | PairCorr |
0.81 | VTMFX | Vanguard Tax Managed | PairCorr |
0.68 | VMVXX | Jpmorgan Trust I | PairCorr |
0.78 | DFMAX | Davidson Multi Cap | PairCorr |
0.91 | FRAGX | Aggressive Growth | PairCorr |
Related Correlations Analysis
0.25 | 0.54 | 0.89 | 0.12 | SVARX | ||
0.25 | 0.64 | 0.19 | 0.78 | SFHYX | ||
0.54 | 0.64 | 0.27 | 0.68 | CQTRX | ||
0.89 | 0.19 | 0.27 | -0.06 | OTRFX | ||
0.12 | 0.78 | 0.68 | -0.06 | GIOIX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hundredfold Mutual Fund performing well and Hundredfold Select 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 Hundredfold Select'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SVARX | 0.11 | 0.00 | (0.69) | 0.09 | 0.11 | 0.25 | 0.98 | |||
SFHYX | 0.22 | 0.03 | (0.25) | 1.10 | 0.23 | 0.48 | 1.75 | |||
CQTRX | 0.25 | 0.00 | (0.29) | 0.13 | 0.21 | 0.55 | 1.26 | |||
OTRFX | 0.14 | (0.01) | 0.00 | (0.55) | 0.00 | 0.30 | 1.19 | |||
GIOIX | 0.08 | 0.01 | (1.23) | 0.53 | 0.00 | 0.16 | 0.61 |