Hcm Tactical Correlations

Mutual Funds USA . 
Fund . Hcm Tactical Growth
HCMGX Fund  USD 31.40  0.13  0.41%   
The current 90-days correlation between Hcm Tactical Growth and Astor Star Fund is -0.09 (i.e., Good diversification). The correlation of Hcm Tactical 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.

Hcm Tactical Correlation With Market

Poor diversification

The correlation between Hcm Tactical Growth and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hcm Tactical Growth 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 Hcm Tactical Growth. 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 price.

Moving together with Hcm Mutual Fund

  0.9HCMPX Hcm Dividend SectorPairCorr
  0.63HCMQX Hcm Dividend SectorPairCorr
  1.0HCMSX Hcm Tactical GrowthPairCorr
  0.99HCMUX Hcm Dynamic IncomePairCorr
  1.0HCMWX Hcm Dividend SectorPairCorr
  1.0HCMZX Hcm Dividend SectorPairCorr
  0.61HCMBX Hcm Dynamic IncomePairCorr
  1.0HCMDX Hcm Tactical GrowthPairCorr
  1.0HCMEX Hcm Income PlusPairCorr
  0.62HCMIX Hcm Tactical GrowthPairCorr
  1.0HCMKX Hcm Income PlusPairCorr
  1.0HCMNX Hcm Dividend SectorPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.89GFACX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  0.89CGFEX Growth FundPairCorr
  0.95FSMMX Fs Multi StrategyPairCorr
  0.95SFNNX Schwab FundamentalPairCorr
  0.99SDVSX Sit Dividend GrowthPairCorr
  0.97QRDTX Quantified RisingPairCorr
  0.94DFAIX Dfa Short DurationPairCorr
  0.9FWWFX Fidelity WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Hcm Mutual Fund performing well and Hcm Tactical 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 Hcm Tactical'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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