Stock Index Correlations

HSTIX Fund

USD 47.49 0.74 1.53%

The correlation of Stock Index 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.

Stock Index Correlation With Market

Very poor diversification

The correlation between Stock Index Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stock Index Fund 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 Stock Index Fund. 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 gross domestic product.

Moving together with Stock Mutual Fund

0.83	HISIX	International Equity	Pair Corr
0.96	HNASX	Growth Fund Growth	Pair Corr
0.84	HOIBX	Homestead Intermediate	Pair Corr
0.72	HOSBX	Short Term Bond	Pair Corr
0.77	HOSGX	Short Term Government	Pair Corr
0.75	HOVLX	Value Fund Value	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.99	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.92	RYVLX	Nasdaq 100 2x	Pair Corr
0.99	RYVYX	Nasdaq 100 2x	Pair Corr
0.99	UOPIX	Ultra Nasdaq 100	Pair Corr
0.99	RYCCX	Nasdaq 100 2x	Pair Corr
0.99	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.84	BIPIX	Biotechnology Ultrasector Steady Growth	Pair Corr
0.96	THPGX	Thompson Largecap	Pair Corr
0.8	SYMAX	Alphacentric Symmetry	Pair Corr
0.94	HESAX	Horizon Esg Defensive	Pair Corr
0.69	OIBNX	Oppenheimer International	Pair Corr
0.83	TGRMX	Tiaa Cref Green	Pair Corr
0.9	RBCIX	Rbc China Equity	Pair Corr
0.8	TSDLX	T Rowe Price	Pair Corr
0.99	CZOVX	Zacks All Cap	Pair Corr
0.93	ABALX	American Balanced	Pair Corr
0.98	POMDX	Pacific Funds Portfolio	Pair Corr
0.77	NHIEX	Neuberger Berman Income	Pair Corr

Related Correlations Analysis

	SEVPX	QIBGX	DISMX	DTLGX	TWSCX	EXBAX	FWRLX	BACAX	CAMOX	HFCVX
SEVPX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SEVPX
QIBGX	0.0		0.38	0.92	0.97	0.92	0.66	0.29	0.57	0.44	QIBGX
DISMX	0.0	0.38		0.17	0.32	0.28	0.36	-0.19	-0.07	-0.12	DISMX
DTLGX	0.0	0.92	0.17		0.91	0.84	0.63	0.3	0.59	0.31	DTLGX
TWSCX	0.0	0.97	0.32	0.91		0.96	0.65	0.25	0.61	0.44	TWSCX
EXBAX	0.0	0.92	0.28	0.84	0.96		0.61	0.2	0.63	0.47	EXBAX
FWRLX	0.0	0.66	0.36	0.63	0.65	0.61		0.01	0.52	0.25	FWRLX
BACAX	0.0	0.29	-0.19	0.3	0.25	0.2	0.01		0.48	0.67	BACAX
CAMOX	0.0	0.57	-0.07	0.59	0.61	0.63	0.52	0.48		0.57	CAMOX
HFCVX	0.0	0.44	-0.12	0.31	0.44	0.47	0.25	0.67	0.57		HFCVX
	SEVPX	QIBGX	DISMX	DTLGX	TWSCX	EXBAX	FWRLX	BACAX	CAMOX	HFCVX

Please upgrade your account to get full access to Macroaxis premium features

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

TWSCX	+ 0.97	QIBGX
EXBAX	+ 0.96	TWSCX
DTLGX	+ 0.92	QIBGX
EXBAX	+ 0.92	QIBGX
TWSCX	+ 0.91	DTLGX
EXBAX	+ 0.84	DTLGX

High negative correlations

BACAX	- 0.19	DISMX
HFCVX	- 0.12	DISMX
CAMOX	- 0.07	DISMX
HFCVX	- 0.0	SEVPX
CAMOX	- 0.0	SEVPX
BACAX	- 0.0	SEVPX

Risk-Adjusted Indicators

There is a big difference between Stock Mutual Fund performing well and Stock Index 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 Stock Index'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
SEVPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QIBGX	0.36	(0.01)	(0.04)	0.02	0.49	(0.35)	0.80	(0.75)	2.81
DISMX	0.59	(0.09)	0.00	(0.09)	0.00	0.00	0.98	(1.22)	3.57
DTLGX	0.79	0.04	0.03	0.07	1.10	(0.76)	1.76	(1.93)	5.18
TWSCX	0.26	0.00	(0.06)	0.02	0.27	(0.30)	0.52	(0.51)	1.92
EXBAX	0.28	(0.01)	(0.06)	0.02	0.32	(0.30)	0.61	(0.59)	1.81
FWRLX	0.57	(0.06)	0.00	(0.04)	0.00	0.00	1.12	(1.25)	3.34
BACAX	0.68	0.10	0.07	0.81	0.77	(0.70)	1.38	(1.51)	3.80
CAMOX	0.48	0.01	(0.03)	(0.13)	0.63	(0.53)	1.02	(0.91)	4.19
HFCVX	0.43	0.02	0.00	0.08	0.44	(0.46)	0.84	(0.70)	2.28

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC