THE HILLMAN Correlations

HCMAX Etf

USD 28.98 0.13 0.45%

The current 90-days correlation between THE HILLMAN FUND and FT Vest Equity is -0.13 (i.e., Good diversification). The correlation of THE HILLMAN 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.

THE HILLMAN Correlation With Market

Very poor diversification

The correlation between THE HILLMAN FUND and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding THE HILLMAN FUND and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with THE Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in THE HILLMAN FUND. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with THE Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.96	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000 Sell-off Trend	Pair Corr
0.99	DGRO	iShares Core Dividend	Pair Corr
0.99	IVE	iShares SP 500	Pair Corr
0.97	DVY	iShares Select Dividend	Pair Corr
0.99	SPYV	SPDR Portfolio SP	Pair Corr
0.97	FVD	First Trust Value	Pair Corr
0.99	IUSV	iShares Core SP	Pair Corr
0.96	NOBL	ProShares SP 500	Pair Corr
0.9	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.93	USD	ProShares Ultra Semi	Pair Corr
0.97	TECL	Direxion Daily Technology	Pair Corr
0.97	ROM	ProShares Ultra Tech	Pair Corr
0.95	SMH	VanEck Semiconductor ETF	Pair Corr
0.98	QLD	ProShares Ultra QQQ	Pair Corr
0.97	SOXX	iShares Semiconductor ETF	Pair Corr
0.99	UPRO	ProShares UltraPro SP500	Pair Corr
0.99	SPXL	Direxion Daily SP500	Pair Corr
0.98	FMCE	Northern Lights	Pair Corr
0.96	XAIX	Xtrackers Artificial	Pair Corr
0.79	PHDG	Invesco SP 500	Pair Corr
0.98	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.73	TDTF	FlexShares iBoxx 5	Pair Corr
0.87	IBDX	iShares Trust	Pair Corr
0.96	JIVE	JPMorgan International	Pair Corr
0.9	CBON	VanEck China Bond	Pair Corr
0.96	VYMI	Vanguard International	Pair Corr
0.97	XLK	Technology Select Sector Sell-off Trend	Pair Corr
0.85	DFGR	Dimensional ETF Trust	Pair Corr
0.96	DIVZ	Elevation Series Trust	Pair Corr
0.94	WDIV	SPDR SP Global	Pair Corr
0.95	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.97	TEK	BlackRock ETF Trust	Pair Corr
0.86	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.98	FFLG	Fidelity Covington Trust Low Volatility	Pair Corr
0.97	BOTZ	Global X Robotics	Pair Corr
0.86	STOT	SPDR DoubleLine Short	Pair Corr

Related Correlations Analysis

	HCMAX	DHDG	Z	MBCC	MBBB	BZDYF	DHSB	MBOX
HCMAX		0.93	0.83	0.96	0.86	-0.04	0.93	0.98	HCMAX
DHDG	0.93		0.8	0.98	0.83	-0.15	0.96	0.93	DHDG
Z	0.83	0.8		0.84	0.72	0.13	0.83	0.84	Z
MBCC	0.96	0.98	0.84		0.85	-0.06	0.97	0.95	MBCC
MBBB	0.86	0.83	0.72	0.85		0.29	0.82	0.86	MBBB
BZDYF	-0.04	-0.15	0.13	-0.06	0.29		-0.06	-0.02	BZDYF
DHSB	0.93	0.96	0.83	0.97	0.82	-0.06		0.92	DHSB
MBOX	0.98	0.93	0.84	0.95	0.86	-0.02	0.92		MBOX
	HCMAX	DHDG	Z	MBCC	MBBB	BZDYF	DHSB	MBOX

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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

MBOX	+ 0.98	HCMAX
MBCC	+ 0.98	DHDG
DHSB	+ 0.97	MBCC
MBCC	+ 0.96	HCMAX
DHSB	+ 0.96	DHDG
MBOX	+ 0.95	MBCC

High negative correlations

BZDYF	- 0.15	DHDG
DHSB	- 0.06	BZDYF
BZDYF	- 0.06	MBCC
BZDYF	- 0.04	HCMAX
MBOX	- 0.02	BZDYF

THE HILLMAN Constituents Risk-Adjusted Indicators

There is a big difference between THE Etf performing well and THE HILLMAN 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 THE HILLMAN'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
HCMAX	0.79	0.04	0.03	0.18	0.71	(0.86)	1.75	(1.31)	4.91
DHDG	0.17	0.09	(0.12)	(1.35)	0.00	(0.19)	0.79	(0.16)	1.59
Z	1.45	0.40	0.12	(1.43)	1.63	(1.51)	3.98	(2.89)	9.49
MBCC	0.65	0.25	0.12	(1.72)	0.57	(0.74)	1.56	(1.11)	5.16
MBBB	0.25	0.02	(0.28)	0.29	0.16	(0.29)	0.52	(0.47)	1.48
BZDYF	0.47	(0.03)	0.00	(0.95)	0.00	0.00	0.64	(1.53)	9.74
DHSB	0.34	0.12	(0.07)	(0.21)	0.58	(0.36)	0.96	(0.44)	5.27
MBOX	0.55	0.00	(0.04)	0.14	0.67	(0.57)	1.66	(1.16)	3.86

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