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.
  
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

  0.76VTSAX Vanguard Total StockPairCorr
  0.8VFIAX Vanguard 500 IndexPairCorr
  0.76VTSMX Vanguard Total StockPairCorr
  0.76VSMPX Vanguard Total StockPairCorr
  0.76VSTSX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.8VFINX Vanguard 500 IndexPairCorr
  0.77VFFSX Vanguard 500 IndexPairCorr
  0.74MXMVX Great West GoldmanPairCorr
  0.8ASLGX Select Fund R5PairCorr
  0.85WSHCX Washington MutualPairCorr
  0.61NASDX Nasdaq 100 IndexPairCorr
  0.85NEXTX Shelton Green AlphaPairCorr
  0.83ANCFX American Funds FundaPairCorr
  0.74LIMIX Lateef Focused GrowthPairCorr
  0.67PRJIX T Rowe PricePairCorr
  0.68ASVNX Small Cap ValuePairCorr
  0.8FXAIX Fidelity 500 IndexPairCorr
  0.81VTMFX Vanguard Tax ManagedPairCorr
  0.68VMVXX Jpmorgan Trust IPairCorr
  0.78DFMAX Davidson Multi CapPairCorr
  0.91FRAGX Aggressive GrowthPairCorr

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
OTRFXCQTRX
  
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.