Huber Capital Correlations

Mutual Funds . USA . 
Fund . Huber Capital Mid
HUMDX Fund  USD 15.37  0.06  0.39%   
The current 90-days correlation between Huber Capital Mid and Siit High Yield is 0.38 (i.e., Weak 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 Mid and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Mid 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 Mid. 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 unemployment.

Moving together with Huber Mutual Fund

  0.94HUDEX Huber Capital DiversifiedPairCorr
  0.95HUDIX Huber Capital DiversifiedPairCorr
  0.88HULEX Huber Capital EquityPairCorr
  0.89HULIX Huber Capital EquityPairCorr
  1.0HUMEX Huber Capital MidPairCorr
  0.98HUSEX Huber Capital SmallPairCorr
  0.98HUSIX Huber Capital SmallPairCorr
  0.96VSIIX Vanguard Small CapPairCorr
  0.96VISVX Vanguard Small CapPairCorr
  0.97DFSVX Us Small CapPairCorr
  0.97DFFVX Us Targeted ValuePairCorr
  0.95UBVCX Undiscovered ManagersPairCorr
  0.95UBVAX Undiscovered ManagersPairCorr
  0.95UBVSX Undiscovered ManagersPairCorr
  0.8AVFIX American Beacon SmallPairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.89VFIAX Vanguard 500 IndexPairCorr
  0.91VTSMX Vanguard Total StockPairCorr
  0.91VSMPX Vanguard Total StockPairCorr
  0.91VSTSX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.89VFINX Vanguard 500 IndexPairCorr
  0.89VFFSX Vanguard 500 IndexPairCorr

Moving against Huber Mutual Fund

  0.69BISMX Brandes InternationalPairCorr
  0.52VGTSX Vanguard Total InterPairCorr
  0.52VTIAX Vanguard Total InterPairCorr
  0.39MRCZX Massmutual RetiresmartPairCorr
  0.79GF New Germany ClosedPairCorr
  0.75USGDX Morgan Stanley GovernmentPairCorr
  0.73CIHCX Cullen International HighPairCorr
  0.71VSGDX Vanguard Short TermPairCorr
  0.68HRBDX Harbor Bond FundPairCorr
  0.65PSDNX Putnam Ultra ShortPairCorr
  0.64EMBAX Unconstrained EmergingPairCorr
  0.64ABNOX Ab Bond InflationPairCorr
  0.64VICSX Vanguard Intermediate-terPairCorr
  0.64VTAPX Vanguard Short TermPairCorr
  0.63MEERX Massmutual PremierPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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