Hcm Tactical Correlations

HCMSX Fund

USD 30.86 0.05 0.16%

The current 90-days correlation between Hcm Tactical Growth and Mesirow Financial Small is 0.78 (i.e., Poor diversification). The correlation of Hcm Tactical 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.

Hcm Tactical Correlation With Market

Very poor diversification

The correlation between Hcm Tactical Growth and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hcm Tactical Growth 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 Hcm Tactical Growth. 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 state.

Moving together with Hcm Mutual Fund

0.77	HCMPX	Hcm Dividend Sector	Pair Corr
1.0	HCMQX	Hcm Dividend Sector	Pair Corr
0.77	HCMWX	Hcm Dividend Sector	Pair Corr
0.77	HCMZX	Hcm Dividend Sector	Pair Corr
0.75	HCMBX	Hcm Dynamic Income	Pair Corr
1.0	HCMDX	Hcm Tactical Growth	Pair Corr
1.0	HCMEX	Hcm Income Plus	Pair Corr
0.98	HCMFX	Hcm Dynamic Income	Pair Corr
0.77	HCMGX	Hcm Tactical Growth	Pair Corr
1.0	HCMKX	Hcm Income Plus	Pair Corr
0.99	HCMLX	Hcm Income Plus	Pair Corr
0.77	HCMNX	Hcm Dividend Sector	Pair Corr
0.99	FAFGX	American Funds	Pair Corr
0.99	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.99	GFAFX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.99	CGFFX	Growth Fund	Pair Corr
0.99	CGFCX	Growth Fund	Pair Corr
0.99	CGFAX	Growth Fund	Pair Corr
0.99	CGFEX	Growth Fund	Pair Corr
0.99	RGAEX	Growth Fund	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.96	VTPSX	Vanguard Total Inter	Pair Corr
0.99	VINIX	Vanguard Institutional	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.62	PREPX	Real Estate Securities	Pair Corr
0.97	FSDIX	Fidelity Strategic	Pair Corr
0.78	NMGAX	Neuberger Berman Mid	Pair Corr
0.98	AMGIX	Income Growth	Pair Corr
0.89	PFRMX	Pimco Inflation Response	Pair Corr
0.87	RYIFX	Guggenheim Managed	Pair Corr
0.77	TICSX	Touchstone Small Pany	Pair Corr

Related Correlations Analysis

	MSVIX	XFINX	PSSRX	FTIXX	BTO	ICFAX	RMBLX	PGFMX
MSVIX		-0.49	0.98	0.7	0.95	0.94	0.9	0.98	MSVIX
XFINX	-0.49		-0.41	-0.19	-0.31	-0.42	-0.16	-0.6	XFINX
PSSRX	0.98	-0.41		0.73	0.97	0.97	0.92	0.95	PSSRX
FTIXX	0.7	-0.19	0.73		0.67	0.77	0.64	0.73	FTIXX
BTO	0.95	-0.31	0.97	0.67		0.91	0.97	0.9	BTO
ICFAX	0.94	-0.42	0.97	0.77	0.91		0.85	0.92	ICFAX
RMBLX	0.9	-0.16	0.92	0.64	0.97	0.85		0.82	RMBLX
PGFMX	0.98	-0.6	0.95	0.73	0.9	0.92	0.82		PGFMX
	MSVIX	XFINX	PSSRX	FTIXX	BTO	ICFAX	RMBLX	PGFMX

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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

PSSRX	+ 0.98	MSVIX
PGFMX	+ 0.98	MSVIX
BTO	+ 0.97	PSSRX
ICFAX	+ 0.97	PSSRX
RMBLX	+ 0.97	BTO
BTO	+ 0.95	MSVIX

High negative correlations

PGFMX	- 0.6	XFINX
XFINX	- 0.49	MSVIX
ICFAX	- 0.42	XFINX
PSSRX	- 0.41	XFINX
BTO	- 0.31	XFINX
FTIXX	- 0.19	XFINX

Risk-Adjusted Indicators

There is a big difference between Hcm Mutual Fund performing well and Hcm Tactical 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 Hcm Tactical'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
MSVIX	0.80	0.09	0.08	0.22	0.77	(0.93)	2.01	(1.73)	5.72
XFINX	0.41	(0.03)	0.00	2.27	0.00	0.00	0.77	(1.41)	4.64
PSSRX	0.78	0.09	0.09	0.21	0.75	(0.88)	2.07	(1.54)	6.05
FTIXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
BTO	0.91	0.19	0.14	0.37	0.88	(1.00)	2.27	(1.81)	6.26
ICFAX	0.79	0.05	0.04	0.18	0.85	(0.93)	2.16	(1.88)	5.58
RMBLX	1.12	0.15	0.11	0.28	1.01	(1.23)	2.53	(2.45)	5.97
PGFMX	0.32	0.06	(0.05)	0.28	0.22	(0.37)	0.77	(0.64)	2.42

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