The Henssler Correlations

Mutual Funds . USA . 
Fund . The Henssler Equity
HEQFX Fund  USD 4.86  0.01  0.21%   
The current 90-days correlation between Henssler Equity and The Texas Fund is 0.84 (i.e., Very poor diversification). The correlation of The Henssler 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 Henssler Correlation With Market

Very poor diversification

The correlation between The Henssler Equity and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Henssler Equity 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 The Henssler Equity. 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 census.

Moving together with The Mutual Fund

  0.97BIGTX Texas FundPairCorr
  0.99EEIFX Monteagle Enhanced EquityPairCorr
  0.98MVEIX Monteagle Select ValuePairCorr
  0.99VIMAX Vanguard Mid CapPairCorr
  0.99VIMSX Vanguard Mid CapPairCorr
  0.62VMCPX Vanguard Mid CapPairCorr
  0.99VMCIX Vanguard Mid CapPairCorr
  0.99VEXAX Vanguard Extended MarketPairCorr
  0.99VEMPX Vanguard Extended MarketPairCorr
  0.99VIEIX Vanguard Extended MarketPairCorr
  0.96VSEMX Vanguard Extended MarketPairCorr
  0.99VEXMX Vanguard Extended MarketPairCorr
  0.99FSMAX Fidelity Extended MarketPairCorr
  0.95SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95TTEEX T Rowe PricePairCorr
  0.95TREMX T Rowe PricePairCorr
  0.96FIKGX Fidelity Advisor SemPairCorr
  0.96ONERX One Rock Fund Steady GrowthPairCorr
  0.96FELCX Fidelity Advisor SemPairCorr
  0.96FELIX Fidelity Advisor SemPairCorr
  0.96FSELX Fidelity Select SemiPairCorr
  0.96FELAX Fidelity Advisor SemPairCorr
  0.97GWPFX American Funds GrowthPairCorr
  0.63RAGIX Riverfront Asset AllPairCorr
  0.99MSVZX Massmutual Select SmallPairCorr
  0.98GSXIX Aberdeen Small CapPairCorr
  0.64BTLKX Baillie Gifford IntePairCorr
  0.99TSMMX Tiaa-cref Small/mid-capPairCorr
  0.83LIIAX Columbia Porate IncomePairCorr
  0.97IEYAX Ivy Energy FundPairCorr
  0.75NCGXX North Capital FundsPairCorr
  0.65RLIAX Invesco Income AllocationPairCorr
  0.98CBAIX Calvert Balanced PorPairCorr
  0.98ABSTX Allianzgi Best StylesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Henssler 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 The Henssler'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BIGTX  0.63  0.10  0.06  0.28  0.65 
(0.69)
 1.34 
(1.29)
 4.40 
EEIFX  0.52  0.03 (0.01) 0.17  0.52 
(0.61)
 1.26 
(0.93)
 3.94 
MVEIX  0.81  0.04  0.04  0.18  0.72 
(0.95)
 1.95 
(1.27)
 6.08 
HEQFX  0.73  0.05  0.04  0.19  0.70 
(0.91)
 1.97 
(1.44)
 5.00 
SCBPX  0.33  0.14  0.03  6.91  0.00 
(0.39)
 0.96 
(0.48)
 2.77 
MMEAX  0.95  0.29  0.14  34.33  0.84 
(1.10)
 2.49 
(1.77)
 6.04 
RIDCX  0.32  0.08 (0.01) 0.34  0.00 
(0.37)
 0.88 
(0.56)
 2.21 
SAMHX  0.16  0.06 (0.38) 0.99  0.00 
(0.28)
 0.65 
(0.13)
 1.05 
RYVIX  1.52  0.10  0.02  0.31  1.68 
(1.69)
 3.50 
(3.10)
 8.56 
INFCX  0.65  0.06 (0.08)(0.47) 0.89 
(0.66)
 1.36 
(1.37)
 5.25 

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