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.
Hundredfold |
Moving together with Hundredfold Mutual Fund
0.79 | IVHIX | Ivy High Income | PairCorr |
0.78 | IHIFX | Ivy High Income | PairCorr |
0.77 | WRHIX | Ivy High Income | PairCorr |
0.74 | WHIAX | Ivy High Income | PairCorr |
0.64 | RYRCX | Retailing Fund Class | PairCorr |
0.62 | MNEVX | Mainstay Conservative Etf | PairCorr |
0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.62 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.69 | GE | GE Aerospace Downward Rally | PairCorr |
0.63 | HPQ | HP Inc | PairCorr |
0.71 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.88 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.63 | WMT | Walmart Aggressive Push | PairCorr |
Moving against Hundredfold Mutual Fund
0.6 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.42 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.41 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.36 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Related Correlations Analysis
0.24 | 0.52 | 0.88 | 0.1 | SVARX | ||
0.24 | 0.64 | 0.17 | 0.79 | SFHYX | ||
0.52 | 0.64 | 0.23 | 0.69 | CQTRX | ||
0.88 | 0.17 | 0.23 | -0.09 | OTRFX | ||
0.1 | 0.79 | 0.69 | -0.09 | 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 | (0.65) | 0.00 | 0.12 | 0.25 | 0.98 | |||
SFHYX | 0.20 | 0.05 | (0.23) | 1.76 | 0.00 | 0.48 | 1.75 | |||
CQTRX | 0.25 | 0.00 | (0.28) | 0.12 | 0.21 | 0.55 | 1.26 | |||
OTRFX | 0.14 | (0.01) | (0.54) | (0.36) | 0.20 | 0.30 | 1.19 | |||
GIOIX | 0.08 | 0.01 | (1.09) | 0.70 | 0.00 | 0.16 | 0.61 |