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 0.2 (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

  0.64SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.64SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.85RSNYX Victory Global NaturalPairCorr
  0.86RSNRX Victory Global NaturalPairCorr
  0.86RGNCX Victory Global NaturalPairCorr
  0.8RMQAX Monthly Rebalance Steady GrowthPairCorr
  0.8RMQHX Monthly Rebalance Steady GrowthPairCorr
  0.78CLXRX Columbia Large CapPairCorr
  0.7VSGAX Vanguard Small CapPairCorr
  0.84EVAGX Evaluator Aggressive RmsPairCorr
  0.88AAGTX American Funds 2040PairCorr
  0.87PNOPX Putnam Multi CapPairCorr
  0.66GSAGX Goldman Sachs AsiaPairCorr
  0.87SWYFX Schwab Target 2035PairCorr
  0.8MCIFX Miller Vertible BondPairCorr
  0.74VSMAX Vanguard Small CapPairCorr
  0.61DAREX Dunham Real EstatePairCorr
  0.88AAOTX American Funds 2065PairCorr
  0.86DGSIX Global Allocation 6040PairCorr
  0.88SRJSX Jpmorgan SmartretirementPairCorr
  0.75TILIX Tiaa-cref Large-capPairCorr
  0.78PREIX T Rowe PricePairCorr

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   
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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.