Hundredfold Select Correlations

SFHYX Fund  USD 22.18  0.03  0.14%   
The current 90-days correlation between Hundredfold Select and Us Government Plus is 0.17 (i.e., Average diversification). The correlation of Hundredfold Select 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.

Hundredfold Select Correlation With Market

Very weak diversification

The correlation between Hundredfold Select Alternative and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hundredfold Select Alternative and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Hundredfold Select Alternative. 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 manufacturing.

Moving together with Hundredfold Mutual Fund

  0.81OTRFX Ontrack E FundPairCorr
  0.8OTRGX Ontrack E FundPairCorr
  0.77SUNBX Spectrum UnconstrainedPairCorr
  0.84SVARX Spectrum Low VolatilityPairCorr
  0.61QBDAX Quantified Managed IncomePairCorr
  0.62QBDSX Quantified Managed IncomePairCorr
  0.65QEVOX Quantified Evolution PlusPairCorr
  0.78KAMAX Kensington Managed IncomePairCorr
  0.73KAMCX Kensington Managed IncomePairCorr
  0.75KAMIX Kensington Managed IncomePairCorr
  0.76PAALX All Asset FundPairCorr
  0.76PATRX Pimco All AssetPairCorr
  0.75PAAIX All Asset FundPairCorr
  0.76PALPX Pimco All AssetPairCorr
  0.76PASAX All Asset FundPairCorr
  0.76PASCX All Asset FundPairCorr
  0.76PAANX Pimco All AssetPairCorr
  0.71PAUPX Pimco All AssetPairCorr
  0.72PAUIX Pimco All AssetPairCorr
  0.71ABRIX Invesco Balanced RiskPairCorr
  0.72LIIAX Columbia Porate IncomePairCorr
  0.72SRINX Columbia Porate IncomePairCorr

Moving against Hundredfold Mutual Fund

  0.5QETCX Quantified EckhardtPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hundredfold Mutual Fund performing well and Hundredfold Select 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 Hundredfold Select'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.