Huber Capital Correlations

Mutual Funds . USA . 
Fund . Huber Capital Mid
HUMEX Fund  USD 16.28  0.28  1.75%   
The current 90-days correlation between Huber Capital Mid and Huber Capital Diversified is 0.91 (i.e., Almost no diversification). The correlation of Huber Capital 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.

Huber Capital Correlation With Market

Poor diversification

The correlation between Huber Capital Mid and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Mid 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 Huber Capital Mid. 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 income.

Moving together with Huber Mutual Fund

  0.98HUDEX Huber Capital DiversifiedPairCorr
  0.99HULEX Huber Capital EquityPairCorr
  0.99HULIX Huber Capital EquityPairCorr
  1.0HUMDX Huber Capital MidPairCorr
  0.98HUSEX Huber Capital SmallPairCorr
  0.98HUSIX Huber Capital SmallPairCorr
  0.95VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.98DFSVX Us Small CapPairCorr
  0.98DFFVX Us Targeted ValuePairCorr
  0.97UBVCX Undiscovered ManagersPairCorr
  0.94UBVAX Undiscovered ManagersPairCorr
  0.94UBVSX Undiscovered ManagersPairCorr
  0.98AVFIX American Beacon SmallPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.94CASAX Columbia Pacific/asiaPairCorr
  0.95CASCX Columbia PacificasiaPairCorr
  0.93MSKLX Mid Cap GrowthPairCorr
  0.92CISGX Touchstone Sands CapitalPairCorr
  0.93MPEGX Mid Cap GrowthPairCorr
  0.85PUDCX Prudential Real AssetsPairCorr
  0.94MCYIX Mainstay CandriamPairCorr
  0.95ASCZX Alger Smallcap GrowthPairCorr
  0.83FMFIX Free Market FixedPairCorr
  0.97RSOOX Columbia DividendPairCorr
  0.92XHYIX Western Asset HighPairCorr
  0.91DIMIX Dreyfus Short IntermPairCorr
  0.96OAAIX Oppenheimer AggrssvPairCorr
  0.98DOPIX Dreyfus OpportunisticPairCorr
  0.94AMTOX Ab All MarketPairCorr
  0.95SMGAX Saat Servative StrategyPairCorr
  0.95FSELX Fidelity Select SemiPairCorr
  0.96FMSDX Fidelity Advisor MultiPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.96CGQYX Columbia DisciplinedPairCorr
  0.95CNPCX New PerspectivePairCorr
  0.92QTSSX Quantified TacticalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Huber Mutual Fund performing well and Huber Capital 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 Huber Capital'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.

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