HCM Defender Correlations

QQH Etf

USD 60.03 0.43 0.72%

The current 90-days correlation between HCM Defender 100 and HCM Defender 500 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

Very good diversification

The correlation between HCM Defender 100 and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HCM Defender 100 and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in HCM Defender 100. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with HCM Etf

0.89	VUG	Vanguard Growth Index	Pair Corr
0.95	IWF	iShares Russell 1000	Pair Corr
0.91	IVW	iShares SP 500	Pair Corr
0.91	SPYG	SPDR Portfolio SP	Pair Corr
0.91	IUSG	iShares Core SP	Pair Corr
0.9	VONG	Vanguard Russell 1000	Pair Corr
0.95	MGK	Vanguard Mega Cap	Pair Corr
0.9	VRGWX	Vanguard Russell 1000	Pair Corr
0.92	QQQM	Invesco NASDAQ 100	Pair Corr
0.96	IWY	iShares Russell Top	Pair Corr
0.84	UPRO	ProShares UltraPro SP500	Pair Corr
0.69	QTJA	Innovator ETFs Trust	Pair Corr
0.78	QTOC	Innovator ETFs Trust	Pair Corr
0.7	XTOC	Innovator ETFs Trust	Pair Corr
0.61	XTJA	Innovator ETFs Trust	Pair Corr
0.65	BAC	Bank of America Sell-off Trend	Pair Corr
0.71	AXP	American Express Sell-off Trend	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.83	MSFT	Microsoft	Pair Corr
0.7	HD	Home Depot	Pair Corr

Moving against HCM Etf

0.74	JNJ	Johnson Johnson	Pair Corr
0.69	VZ	Verizon Communications	Pair Corr
0.66	T	ATT Inc Earnings Call This Week	Pair Corr
0.64	KO	Coca Cola	Pair Corr
0.57	MMM	3M Company	Pair Corr
0.55	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.52	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.47	GE	GE Aerospace	Pair Corr
0.42	IBM	International Business	Pair Corr
0.34	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	LGH	SNPE	PTNQ	QGRO	OVL
LGH		0.91	0.98	0.89	0.89	LGH
SNPE	0.91		0.9	0.84	0.98	SNPE
PTNQ	0.98	0.9		0.94	0.91	PTNQ
QGRO	0.89	0.84	0.94		0.89	QGRO
OVL	0.89	0.98	0.91	0.89		OVL
	LGH	SNPE	PTNQ	QGRO	OVL

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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
LGH	0.97	(0.09)	(0.17)	1.51	(2.26)	4.68
SNPE	0.82	(0.14)	0.67	1.36	(1.64)	4.85
PTNQ	0.65	(0.04)	(0.15)	1.14	(1.59)	3.51
QGRO	1.09	(0.06)	(0.13)	1.73	(3.10)	5.86
OVL	0.95	(0.15)	0.59	1.53	(2.16)	5.72

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