Huber Capital Correlations

HULIX Fund

USD 33.12 0.57 1.75%

The current 90-days correlation between Huber Capital Equity and Dreyfus Short Intermediate 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

Poor diversification

The correlation between Huber Capital Equity and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Equity 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 Equity. 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

0.97	HUDEX	Huber Capital Diversified	Pair Corr
0.97	HUDIX	Huber Capital Diversified	Pair Corr
1.0	HULEX	Huber Capital Equity	Pair Corr
0.89	HUMDX	Huber Capital Mid Steady Growth	Pair Corr
0.89	HUMEX	Huber Capital Mid	Pair Corr
0.87	HUSEX	Huber Capital Small	Pair Corr
0.86	HUSIX	Huber Capital Small	Pair Corr
0.76	VVIAX	Vanguard Value Index	Pair Corr
0.63	DOXGX	Dodge Cox Stock	Pair Corr
0.65	AFMFX	American Mutual	Pair Corr
0.65	FFMMX	American Funds American	Pair Corr
0.65	FFFMX	American Funds American	Pair Corr
0.65	AMRMX	American Mutual	Pair Corr
0.65	AMFFX	American Mutual	Pair Corr
0.65	AMFCX	American Mutual	Pair Corr
0.63	DODGX	Dodge Stock Fund	Pair Corr
0.76	VIVAX	Vanguard Value Index	Pair Corr
0.65	GPMFX	Guidepath Managed Futures	Pair Corr
0.62	JHOMX	Jhomx	Pair Corr

Moving against Huber Mutual Fund

0.62	GAAKX	Gmo Alternative Allo	Pair Corr
0.62	GAAGX	Gmo Alternative Allo	Pair Corr
0.47	AMAPX	Amana Participation	Pair Corr
0.34	GPBFX	Gmo E Plus	Pair Corr
0.34	OPIGX	Oppenheimer Core Bond	Pair Corr
0.33	TASTX	Transamerica Short Term	Pair Corr
0.47	GF	New Germany Closed	Pair Corr
0.43	USGDX	Morgan Stanley Government	Pair Corr

Related Correlations Analysis

	DMBAX	TSDCX	SUSAX	CDICX	BDMKX	BXDCX
DMBAX		0.95	0.94	0.96	0.94	0.94	DMBAX
TSDCX	0.95		0.99	0.96	0.93	0.97	TSDCX
SUSAX	0.94	0.99		0.97	0.92	0.99	SUSAX
CDICX	0.96	0.96	0.97		0.92	0.99	CDICX
BDMKX	0.94	0.93	0.92	0.92		0.91	BDMKX
BXDCX	0.94	0.97	0.99	0.99	0.91		BXDCX
	DMBAX	TSDCX	SUSAX	CDICX	BDMKX	BXDCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DMBAX	0.06	0.00	0.54	(0.07)	(0.10)	0.16	(0.08)	0.31
TSDCX	0.05	0.01	0.63	1.15	(0.23)	0.11	(0.11)	0.66
SUSAX	0.06	0.01	0.72	1.31	(0.18)	0.10	(0.10)	0.51
CDICX	0.08	0.01	0.67	0.60	(0.12)	0.26	(0.13)	0.58
BDMKX	0.08	0.01	0.42	0.50	(0.12)	0.11	(0.11)	0.44
BXDCX	0.08	0.01	0.65	1.03	(0.15)	0.22	(0.11)	0.54

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