Huber Capital Correlations

Mutual Funds . USA . 
Fund . Huber Capital Diversified
HUDIX Fund  USD 24.09  0.04  0.17%   
The current 90-days correlation between Huber Capital Diversified and Intal High Relative is 0.17 (i.e., Average diversification). The correlation of Huber Capital 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.

Huber Capital Correlation With Market

Significant diversification

The correlation between Huber Capital Diversified and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Diversified 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 Huber Capital Diversified. 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 gross domestic product.

Moving together with Huber Mutual Fund

  0.92HUDEX Huber Capital DiversifiedPairCorr
  0.83HUMDX Huber Capital MidPairCorr
  0.72VVIAX Vanguard Value IndexPairCorr
  0.77DOXGX Dodge Cox StockPairCorr
  0.69AFMFX American MutualPairCorr
  0.69FFMMX American Funds AmericanPairCorr
  0.69FFFMX American Funds AmericanPairCorr
  0.69AMRMX American MutualPairCorr
  0.69AMFCX American MutualPairCorr
  0.72DODGX Dodge Stock FundPairCorr
  0.74VIVAX Vanguard Value IndexPairCorr
  0.64KMKNX Kinetics Market OppoPairCorr
  0.69WWNPX Kinetics ParadigmPairCorr
  0.61KNPYX Kinetics ParadigmPairCorr
  0.66LSHUX Horizon Spin OffPairCorr
  0.68KNPAX Kinetics ParadigmPairCorr
  0.71KMKAX Kinetics Market OppoPairCorr
  0.66LSHAX Horizon Spin OffPairCorr
  0.61KNPCX Kinetics ParadigmPairCorr
  0.74DBIWX Dws Global MacroPairCorr
  0.61AGDZX Ab High IncomePairCorr

Moving against Huber Mutual Fund

  0.34NOM Nuveen Missouri QualityPairCorr
  0.57SRPSX Short Real EstatePairCorr

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   
PRVBX
+ 0.87
DIHRX
GLVIX
+ 0.83
DIHRX
GLVIX
+ 0.8
PRVBX
GLVIX
+ 0.74
VIGRX
FITSX
+ 0.71
DIHRX
PRVBX
+ 0.6
FITSX
  
High negative correlations   
VFFRX
- 0.41
VIGRX

Risk-Adjusted Indicators

There is a big difference between Huber Mutual Fund performing well and Huber Capital 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 Huber Capital'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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