HCM Defender Correlations

LGH Etf

USD 49.06 0.06 0.12%

The current 90-days correlation between HCM Defender 500 and HCM Defender 100 is -0.16 (i.e., Good diversification). The correlation of HCM Defender 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.

HCM Defender Correlation With Market

Poor diversification

The correlation between HCM Defender 500 and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HCM Defender 500 and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in HCM Defender 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with HCM Etf

0.9	VTI	Vanguard Total Stock	Pair Corr
0.96	SPY	SPDR SP 500	Pair Corr
0.96	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.96	VV	Vanguard Large Cap	Pair Corr
0.7	RSP	Invesco SP 500	Pair Corr
0.96	IWB	iShares Russell 1000	Pair Corr
0.97	ESGU	iShares ESG Aware	Pair Corr
0.95	DFAC	Dimensional Core Equity	Pair Corr
0.88	SPLG	SPDR Portfolio SP	Pair Corr
0.76	USD	ProShares Ultra Semi	Pair Corr
0.81	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.92	FNGO	MicroSectors FANG Index	Pair Corr
0.72	NAIL	Direxion Daily Homeb Downward Rally	Pair Corr
0.93	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.63	GUSH	Direxion Daily SP	Pair Corr
0.76	DUSL	Direxion Daily Indus	Pair Corr
0.77	BA	Boeing	Pair Corr
0.88	AXP	American Express Sell-off Trend	Pair Corr
0.81	DIS	Walt Disney	Pair Corr
0.89	HPQ	HP Inc	Pair Corr
0.82	BAC	Bank of America Sell-off Trend	Pair Corr
0.63	WMT	Walmart Aggressive Push	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.8	MSFT	Microsoft	Pair Corr

Moving against HCM Etf

0.56	KO	Coca Cola	Pair Corr
0.52	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.35	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	QQH	OVL	LFEQ	LSAF	SSUS
QQH		0.85	0.79	0.69	0.74	QQH
OVL	0.85		0.92	0.92	0.92	OVL
LFEQ	0.79	0.92		0.9	0.99	LFEQ
LSAF	0.69	0.92	0.9		0.91	LSAF
SSUS	0.74	0.92	0.99	0.91		SSUS
	QQH	OVL	LFEQ	LSAF	SSUS

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HCM Defender Constituents Risk-Adjusted Indicators

There is a big difference between HCM Etf performing well and HCM Defender ETF 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 HCM Defender'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
QQH	1.24	(0.27)	0.53	1.95	(3.39)	7.23
OVL	0.95	(0.15)	0.59	1.53	(2.16)	5.72
LFEQ	0.80	(0.04)	(0.12)	1.40	(1.78)	4.91
LSAF	0.76	(0.12)	1.36	1.45	(1.91)	3.89
SSUS	0.73	(0.03)	(0.11)	1.21	(1.60)	3.98

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