Huber Capital Correlations

HUSEX Fund

USD 30.31 0.11 0.36%

The current 90-days correlation between Huber Capital Small and Calamos Dynamic Convertible is 0.08 (i.e., Significant 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

Average diversification

The correlation between Huber Capital Small and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Small 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 Small. 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 income.

Moving together with Huber Mutual Fund

0.8	VSIIX	Vanguard Small Cap	Pair Corr
0.8	VISVX	Vanguard Small Cap	Pair Corr
0.96	DFSVX	Us Small Cap	Pair Corr
0.97	DFFVX	Us Targeted Value	Pair Corr
0.94	UBVCX	Undiscovered Managers	Pair Corr
0.94	UBVAX	Undiscovered Managers	Pair Corr
0.94	UBVSX	Undiscovered Managers	Pair Corr
0.98	AVFIX	American Beacon Small	Pair Corr
0.72	FTYPX	Fidelity Freedom Index	Pair Corr
0.68	FFBTX	Fidelity Freedom Blend	Pair Corr
0.94	GCAVX	Gmo Small Cap	Pair Corr
0.92	GMCQX	Gmo Equity Allocation	Pair Corr
0.94	AMGIX	Income Growth	Pair Corr
0.71	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.78	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.65	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against Huber Mutual Fund

0.77	GABFX	Gmo Asset Allocation	Pair Corr
0.44	GAAVX	Gmo Alternative Allo	Pair Corr
0.68	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	KO	Coca Cola Sell-off Trend	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	CCD	IPBAX	MFIRX	BBINX	ARTFX	ABNTX	TFBIX	FZNQEX
CCD		0.74	0.42	0.27	0.64	0.41	0.27	0.27	CCD
IPBAX	0.74		0.52	0.09	0.74	0.22	0.2	0.05	IPBAX
MFIRX	0.42	0.52		0.65	0.43	0.69	0.71	0.61	MFIRX
BBINX	0.27	0.09	0.65		0.0	0.76	0.95	0.69	BBINX
ARTFX	0.64	0.74	0.43	0.0		-0.09	0.18	-0.23	ARTFX
ABNTX	0.41	0.22	0.69	0.76	-0.09		0.64	0.94	ABNTX
TFBIX	0.27	0.2	0.71	0.95	0.18	0.64		0.53	TFBIX
FZNQEX	0.27	0.05	0.61	0.69	-0.23	0.94	0.53		FZNQEX
	CCD	IPBAX	MFIRX	BBINX	ARTFX	ABNTX	TFBIX	FZNQEX

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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

TFBIX	+ 0.95	BBINX
FZNQEX	+ 0.94	ABNTX
ABNTX	+ 0.76	BBINX
IPBAX	+ 0.74	CCD
ARTFX	+ 0.74	IPBAX
TFBIX	+ 0.71	MFIRX

High negative correlations

FZNQEX	- 0.23	ARTFX
ABNTX	- 0.09	ARTFX
ARTFX	- 0.0	BBINX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CCD	0.75	(0.01)	(0.08)	0.08	0.90	(0.82)	1.88	(1.68)	4.88
IPBAX	0.33	(0.02)	(0.18)	0.07	0.33	(0.39)	0.59	(0.58)	1.94
MFIRX	0.09	0.01	(0.46)	(0.83)	0.00	(0.23)	0.19	(0.19)	0.76
BBINX	0.12	0.01	(0.41)	0.01	0.15	(0.19)	0.29	(0.29)	1.07
ARTFX	0.12	0.03	(0.56)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
ABNTX	0.14	(0.01)	(0.49)	(0.75)	0.19	(0.17)	0.29	(0.30)	0.88
TFBIX	0.16	0.02	(0.26)	(0.11)	0.19	(0.23)	0.40	(0.39)	1.58
FZNQEX	0.11	(0.01)	0.00	0.41	0.00	0.00	0.29	(0.17)	0.93

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