Hunter Small Correlations

HSCVX Fund

USD 12.10 0.05 0.41%

The current 90-days correlation between Hunter Small Cap and Alger Health Sciences is -0.16 (i.e., Good diversification). The correlation of Hunter Small 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.

Hunter Small Correlation With Market

Very poor diversification

The correlation between Hunter Small Cap 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 Hunter Small Cap 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 Hunter Small Cap. 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 real.

Moving together with Hunter Mutual Fund

0.99	VSIIX	Vanguard Small Cap	Pair Corr
0.99	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.99	UBVCX	Undiscovered Managers	Pair Corr
0.95	UBVAX	Undiscovered Managers	Pair Corr
0.95	UBVSX	Undiscovered Managers	Pair Corr
0.95	AVFIX	American Beacon Small	Pair Corr
0.81	GAAKX	Gmo Alternative Allo	Pair Corr
0.76	GAAGX	Gmo Alternative Allo	Pair Corr
0.62	GPBFX	Gmo E Plus	Pair Corr
0.95	JIIOX	Lifestyle Ii Aggressive	Pair Corr
0.93	BXHCX	Barings High Yield	Pair Corr
0.94	NBSLX	Neuberger Berman Socially	Pair Corr
0.93	GVEZX	Value Equity Investor	Pair Corr
0.88	MIOIX	Morgan Stanley Insti	Pair Corr
0.94	FPURX	Fidelity Puritan	Pair Corr
0.93	SSCYX	Small Capitalization	Pair Corr
0.95	RAFAX	Amcap Fund Class	Pair Corr
0.91	AFLIX	Anfield Universal Fixed	Pair Corr
0.65	ADVYX	Diversified Bond	Pair Corr
0.88	PCBAX	Blackrock Tactical	Pair Corr
0.92	RNPFX	New Perspective	Pair Corr
0.9	IHIAX	Federated Emerging Market	Pair Corr
0.92	SEMCX	Simt Mid Cap	Pair Corr
0.88	TRBUX	T Rowe Price	Pair Corr
0.72	EICTX	Eaton Vance Connecticut	Pair Corr
0.88	APDMX	Artisan Mid Cap	Pair Corr
0.9	FEAMX	First Eagle Fund	Pair Corr
0.91	CMTFX	Columbia Global Tech	Pair Corr
0.66	GBEMX	Victory Sophus Emerging	Pair Corr
0.91	SWNRX	Schwab Target 2050	Pair Corr
0.8	MSTBX	Morningstar Defensive	Pair Corr
0.93	LBHIX	Thrivent High Yield	Pair Corr

Moving against Hunter Mutual Fund

0.36

GPMFX

Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	AHSCX	VGHCX	RAGHX	GTHCX	PJHRX	HIAHX	SCHLX
AHSCX		0.69	0.72	0.69	0.64	0.45	0.53	AHSCX
VGHCX	0.69		0.72	0.68	0.87	0.88	0.92	VGHCX
RAGHX	0.72	0.72		0.57	0.68	0.56	0.66	RAGHX
GTHCX	0.69	0.68	0.57		0.68	0.53	0.59	GTHCX
PJHRX	0.64	0.87	0.68	0.68		0.69	0.82	PJHRX
HIAHX	0.45	0.88	0.56	0.53	0.69		0.95	HIAHX
SCHLX	0.53	0.92	0.66	0.59	0.82	0.95		SCHLX
	AHSCX	VGHCX	RAGHX	GTHCX	PJHRX	HIAHX	SCHLX

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Risk-Adjusted Indicators

There is a big difference between Hunter Mutual Fund performing well and Hunter Small 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 Hunter Small'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
AHSCX	0.68	0.01	(0.15)	0.08	0.87	(0.70)	1.26	(1.32)	3.71
VGHCX	0.93	0.00	0.00	0.15	0.00	0.00	1.73	(2.02)	5.23
RAGHX	0.85	0.02	0.00	0.06	0.00	0.00	1.85	(2.11)	5.85
GTHCX	0.78	(0.12)	0.00	(0.01)	0.00	0.00	1.54	(1.81)	4.20
PJHRX	0.97	0.06	(0.07)	(0.17)	1.34	(0.91)	1.88	(2.25)	5.39
HIAHX	0.93	(0.05)	0.00	0.42	0.00	0.00	1.72	(2.32)	5.31
SCHLX	0.88	(0.03)	0.00	0.29	0.00	0.00	1.73	(2.20)	5.11

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