Hundredfold Select Correlations

HFSAX Fund  USD 24.88  0.04  0.16%   
The current 90-days correlation between Hundredfold Select and Spectrum Low Volatility is 0.57 (i.e., Very weak 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

Poor diversification

The correlation between Hundredfold Select Alternative 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 Hundredfold Select Alternative 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 Hundredfold Select Alternative. 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 nation.

Moving together with Hundredfold Mutual Fund

  0.65ERH Allspring Utilities AndPairCorr
  0.74WHIYX Ivy High IncomePairCorr
  0.79IVHIX Ivy High IncomePairCorr
  0.78IHIFX Ivy High IncomePairCorr
  0.77WRHIX Ivy High IncomePairCorr
  0.74WHIAX Ivy High IncomePairCorr
  0.94RYRCX Retailing Fund ClassPairCorr
  0.94MNEVX Mainstay Conservative EtfPairCorr
  0.77AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.62DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.69GE GE Aerospace Downward RallyPairCorr
  0.63HPQ HP IncPairCorr
  0.71CSCO Cisco Systems Aggressive PushPairCorr
  0.88CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.63WMT Walmart Aggressive PushPairCorr

Moving against Hundredfold Mutual Fund

  0.6JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.42MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.41PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.36KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Related Correlations Analysis

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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   
OTRFXSVARX
GIOIXSFHYX
GIOIXCQTRX
CQTRXSFHYX
CQTRXSVARX
SFHYXSVARX
  
High negative correlations   
GIOIXOTRFX

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.