E Fixed Correlations

HCIIX Fund

USD 8.42 0.02 0.24%

The current 90-days correlation between E Fixed and Vanguard Total Stock is 0.25 (i.e., Modest diversification). The correlation of E Fixed 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.

E Fixed Correlation With Market

Significant diversification

The correlation between The E Fixed and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The E Fixed 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 The E Fixed. 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 HCIIX Mutual Fund

0.92	VGTSX	Vanguard Total Inter	Pair Corr
0.92	VTIAX	Vanguard Total Inter	Pair Corr
0.79	PFHCX	Pacific Funds Small	Pair Corr
0.84	NHS	Neuberger Berman High	Pair Corr

Moving against HCIIX Mutual Fund

0.7	PSDSX	Palmer Square Ultra	Pair Corr
0.68	HGOSX	Hartford Growth	Pair Corr
0.68	HGOVX	Hartford Growth	Pair Corr
0.65	MBCZX	Massmutual Select Blue	Pair Corr
0.65	TPZ	Tortoise Capital Series	Pair Corr
0.64	AULDX	Ultra Fund R6	Pair Corr
0.64	AFRFX	Invesco Floating Rate	Pair Corr
0.62	CFSIX	Touchstone Sands Capital	Pair Corr
0.6	DTGRX	Dreyfus Technology Growth	Pair Corr
0.6	ETCEX	Eventide Exponential	Pair Corr
0.59	AFOZX	Alger Funds Mid	Pair Corr
0.59	RFXIX	Rational Special Sit	Pair Corr
0.58	PAGRX	Aggressive Growth Steady Growth	Pair Corr
0.58	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	VTSAX	Vanguard Total Stock	Pair Corr
0.57	VFIAX	Vanguard 500 Index	Pair Corr
0.57	VFINX	Vanguard 500 Index	Pair Corr
0.57	VFFSX	Vanguard 500 Index	Pair Corr
0.57	DSHZX	Brinker Capital Dest	Pair Corr
0.56	VTSMX	Vanguard Total Stock	Pair Corr
0.56	VITSX	Vanguard Total Stock	Pair Corr
0.56	VSTSX	Vanguard Total Stock	Pair Corr
0.56	VSMPX	Vanguard Total Stock	Pair Corr
0.55	HAGAX	Eagle Mid Cap	Pair Corr
0.53	UPRXX	Ubs Money Series	Pair Corr
0.41	WUSRX	Wells Fargo Ultra	Pair Corr
0.76	PIPPX	Midcap Growth	Pair Corr
0.75	PSHAX	Short Term Fund	Pair Corr
0.74	CSHIX	Credit Suisse Floating	Pair Corr
0.7	BTEEX	Baron Select Funds	Pair Corr
0.65	MLXIX	Catalyst Mlp Infrast Steady Growth	Pair Corr
0.64	LMOFX	Miller Opportunity Trust	Pair Corr
0.61	CFNDX	Cargile Fund	Pair Corr
0.6	URUSX	Ultra Short Term	Pair Corr
0.6	DREQX	Dreyfus Research Growth	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.94	1.0	1.0	1.0	1.0	0.94	1.0	-0.59	-0.61	VTSAX
VFIAX	0.94		0.94	0.94	0.94	0.94	1.0	0.94	-0.62	-0.64	VFIAX
VTSMX	1.0	0.94		1.0	1.0	1.0	0.93	1.0	-0.58	-0.6	VTSMX
VITSX	1.0	0.94	1.0		1.0	1.0	0.93	1.0	-0.58	-0.6	VITSX
VSTSX	1.0	0.94	1.0	1.0		1.0	0.93	1.0	-0.58	-0.6	VSTSX
VSMPX	1.0	0.94	1.0	1.0	1.0		0.93	1.0	-0.58	-0.6	VSMPX
VFINX	0.94	1.0	0.93	0.93	0.93	0.93		0.94	-0.63	-0.65	VFINX
VFFSX	1.0	0.94	1.0	1.0	1.0	1.0	0.94		-0.59	-0.6	VFFSX
VGTSX	-0.59	-0.62	-0.58	-0.58	-0.58	-0.58	-0.63	-0.59		0.99	VGTSX
VTIAX	-0.61	-0.64	-0.6	-0.6	-0.6	-0.6	-0.65	-0.6	0.99		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.65	VFINX
VTIAX	- 0.64	VFIAX
VGTSX	- 0.63	VFINX
VGTSX	- 0.62	VFIAX
VTIAX	- 0.61	VTSAX
VTIAX	- 0.6	VFFSX

Risk-Adjusted Indicators

There is a big difference between HCIIX Mutual Fund performing well and E Fixed 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 E Fixed'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
VTSAX	0.57	0.06	0.05	0.52	0.77	(0.58)	1.08	(1.13)	5.94
VFIAX	0.52	0.07	0.06	1.84	0.71	(0.53)	1.09	(0.96)	5.48
VTSMX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.08	(1.13)	5.94
VITSX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.08	(1.13)	5.95
VSTSX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.09	(1.13)	5.94
VSMPX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.09	(1.13)	5.94
VFINX	0.52	0.08	0.06	1.98	0.71	(0.53)	1.09	(0.96)	5.48
VFFSX	0.53	0.06	0.04	0.58	0.75	(0.53)	1.09	(1.10)	5.48
VGTSX	0.56	(0.12)	0.00	(1.40)	0.00	0.00	0.97	(1.56)	4.43
VTIAX	0.54	(0.09)	0.00	(1.00)	0.00	0.00	0.96	(1.32)	4.45

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