Hundredfold Select Correlations

HFSAX Fund  USD 24.88  0.04  0.16%   
The current 90-days correlation between Hundredfold Select and Ontrack E Fund is 0.63 (i.e., Poor 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 0.64 (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

  0.81PFN Pimco Income StrategyPairCorr
  0.63XPPRX Voya Prime RatePairCorr
  0.75PCF Putnam High IncomePairCorr
  0.75AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.7CSCO Cisco SystemsPairCorr
  0.68IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.77AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.63DIS Walt DisneyPairCorr
  0.62HPQ HP IncPairCorr
  0.89HD Home DepotPairCorr

Moving against Hundredfold Mutual Fund

  0.59JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.45PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.33BA Boeing Fiscal Year End 29th of January 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   
GSHDSEIC
KNFOGEAX
SEICOGEAX
SEICKNF
GSHDKNF
GSHDOGEAX
  
High negative correlations   
GSHDOTRFX
SEICOTRFX
KNFOTRFX
OGEAXOTRFX
IDOTRFX
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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OTRFX  0.13 (0.03) 0.00 (0.12) 0.00 
 0.30 
 1.19 
GIOIX  0.07  0.01 (1.15) 0.83  0.00 
 0.16 
 0.61 
MSTSX  0.47 (0.02)(0.12) 0.10  0.43 
 1.21 
 2.80 
ID  3.79  1.12  0.20  2.65  3.96 
 7.89 
 20.54 
OGEAX  0.50  0.05  0.03  0.19  0.50 
 1.17 
 3.83 
KNF  1.48  0.29  0.17  0.29  1.68 
 2.77 
 12.78 
KMX  1.45 (0.06)(0.01) 0.08  1.66 
 4.14 
 8.69 
SEIC  0.81  0.24  0.23  0.42  0.51 
 1.57 
 7.23 
GSHD  1.63  0.45  0.29  0.71  1.01 
 4.55 
 15.06 
EMBC  2.61  0.22  0.11  0.25  2.63 
 4.23 
 32.94