Stock Index Correlations

Mutual Funds USA . 
Fund . Stock Index Fund
HSTIX Fund  USD 45.62  0.25  0.55%   
The current 90-days correlation between Stock Index Fund and Value Fund Value is 0.92 (i.e., Almost no diversification). 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

Almost no diversification

The correlation between Stock Index Fund and DJI is 0.91 (i.e., Almost no 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

  0.85HISIX International EquityPairCorr
  0.98HNASX Growth Fund GrowthPairCorr
  0.65HOIBX Homestead IntermediatePairCorr
  0.84HOSBX Short Term BondPairCorr
  0.65HOSGX Short Term GovernmentPairCorr
  0.99HOVLX Value Fund ValuePairCorr
  0.95HSCSX Small-company StockPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.65RYMEX Commodities StrategyPairCorr
  0.64RYMJX Commodities StrategyPairCorr
  0.65RYMBX Commodities StrategyPairCorr
  0.87BRUFX Bruce Fund BrucePairCorr
  1.0SPGSX State Street PremierPairCorr
  0.9KF Korea ClosedPairCorr
  0.99QUAIX Ab Small CapPairCorr
  0.92FSCHX Chemicals PortfolioPairCorr
  1.0RRTCX T Rowe PricePairCorr
  0.91HLRRX Rems Real EstatePairCorr
  0.98INSLX Aim International MutualPairCorr
  0.93IGCEX Ashmore Emerging MarketsPairCorr
  0.95NRICX Nuveen Real AssetPairCorr
  0.99PSCSX Pimco Small CapPairCorr
  0.95ABDAX Columbia Capital AllPairCorr
  0.99GABCX Gabelli AbcPairCorr
  0.97JMVRX Jpmorgan Mid CapPairCorr
  0.98FEAAX Fidelity Advisor EmergingPairCorr
  0.96HRSFX Rational Real StrategiesPairCorr
  1.0PHJNX Principal Lifetime HybridPairCorr
  0.69CLMVX Columbia MortgagePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY