Hunter Small Correlations

Mutual Funds . USA . 
Fund . Hunter Small Cap
HSCVX Fund  USD 12.43  0.11  0.89%   
The current 90-days correlation between Hunter Small Cap and Doubleline Yield Opportunities is 0.3 (i.e., Weak diversification). The correlation of Hunter Small 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.

Hunter Small Correlation With Market

Almost no diversification

The correlation between Hunter Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hunter Small Cap 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 Hunter Small Cap. 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 real.

Moving together with Hunter Mutual Fund

  0.98VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.98DFSVX Us Small CapPairCorr
  0.97DFFVX Us Targeted ValuePairCorr
  0.95UBVCX Undiscovered ManagersPairCorr
  0.96UBVAX Undiscovered ManagersPairCorr
  0.96UBVSX Undiscovered ManagersPairCorr
  0.95AVFIX American Beacon SmallPairCorr
  0.62SPGSX State Street PremierPairCorr
  0.86RYSOX Sp 500 FundPairCorr
  0.63VRLCX Voya Large CapPairCorr
  0.74CPDIX Columbia Capital AllPairCorr
  0.62FLARX Pioneer Floating RatePairCorr
  0.81ABRWX Americafirst TacticalPairCorr
  0.93BKPIX Banks Ultrasector ProfundPairCorr
  0.72LGLIX Lord Abbett GrowthPairCorr
  0.91CHCIX Ab Discovery GrowthPairCorr
  0.83MLXIX Catalyst Mlp InfrastPairCorr
  0.88HIGCX Eagle Growth IncomePairCorr
  0.89SBQAX Americafirst Large CapPairCorr
  0.81JLCNX John Hancock InvestmentPairCorr
  0.93NOANX Natixis OakmarkPairCorr
  0.69MSPTX Global Advantage PorPairCorr
  0.81SSSYX State Street EquityPairCorr
  0.69STCIX Ridgeworth Silvant LargePairCorr
  0.61FLOCX Power Floating RatePairCorr
  0.83MLXAX Catalyst Mlp InfrastPairCorr
  0.65WBGSX William Blair GrowthPairCorr
  0.8PALDX Prudential 6040 AlloPairCorr

Moving against Hunter Mutual Fund

  0.41RYMJX Commodities StrategyPairCorr
  0.39RYMEX Commodities StrategyPairCorr
  0.39RYMBX Commodities StrategyPairCorr
  0.32DFTPX Dfa Target ValuePairCorr
  0.31DFTVX Dfa Inv DimensionsPairCorr
  0.59KF Korea ClosedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Hunter Mutual Fund performing well and Hunter Small 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 Hunter Small'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.

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