Hunter Small Correlations

HSCVX Fund

USD 12.54 0.09 0.72%

The current 90-days correlation between Hunter Small Cap and Calamos Dividend Growth is 0.7 (i.e., Poor diversification). The correlation of Hunter Small 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.

Hunter Small Correlation With Market

Significant diversification

The correlation between Hunter Small Cap and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hunter Small Cap 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 Hunter Small Cap. 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 real.

Moving together with Hunter Mutual Fund

0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.93	VISVX	Vanguard Small Cap	Pair Corr
0.92	DFSVX	Us Small Cap	Pair Corr
0.91	DFFVX	Us Targeted Value	Pair Corr
0.87	UBVCX	Undiscovered Managers	Pair Corr
0.95	UBVAX	Undiscovered Managers	Pair Corr
0.88	UBVSX	Undiscovered Managers	Pair Corr
0.88	AVFIX	American Beacon Small	Pair Corr
0.82	RYSOX	Sp 500 Fund	Pair Corr
0.74	CPDIX	Columbia Capital All	Pair Corr
0.61	FLARX	Pioneer Floating Rate	Pair Corr
0.74	ABRWX	Americafirst Tactical	Pair Corr
0.93	BKPIX	Banks Ultrasector Profund	Pair Corr
0.65	LGLIX	Lord Abbett Growth	Pair Corr
0.91	CHCIX	Ab Discovery Growth	Pair Corr
0.77	MLXIX	Catalyst Mlp Infrast Steady Growth	Pair Corr
0.9	HIGCX	Eagle Growth Income	Pair Corr
0.9	SBQAX	Americafirst Large Cap	Pair Corr
0.77	JLCNX	John Hancock Investment	Pair Corr
0.93	NOANX	Natixis Oakmark	Pair Corr
0.65	MSPTX	Global Advantage Por	Pair Corr
0.77	SSSYX	State Street Equity	Pair Corr
0.63	STCIX	Ridgeworth Silvant Large	Pair Corr
0.62	FLOCX	Power Floating Rate	Pair Corr
0.78	MLXAX	Catalyst Mlp Infrast Steady Growth	Pair Corr
0.63	WBGSX	William Blair Growth	Pair Corr
0.7	PALDX	Prudential 6040 Allo	Pair Corr

Moving against Hunter Mutual Fund

0.45	RYMJX	Commodities Strategy	Pair Corr
0.44	RYMEX	Commodities Strategy	Pair Corr
0.44	RYMBX	Commodities Strategy	Pair Corr
0.41	DFTPX	Dfa Target Value	Pair Corr
0.41	DFTVX	Dfa Inv Dimensions	Pair Corr
0.56	KF	Korea Closed	Pair Corr

Related Correlations Analysis

	CADVX	BRSIX	DBLIX	GGGAX	LGLFX	TFAQX	LGRNX	ACEAX	POGSX
CADVX		0.9	0.67	0.88	0.91	0.97	0.92	-0.41	0.9	CADVX
BRSIX	0.9		0.65	0.89	0.92	0.87	0.92	-0.43	0.95	BRSIX
DBLIX	0.67	0.65		0.7	0.76	0.75	0.66	-0.46	0.68	DBLIX
GGGAX	0.88	0.89	0.7		0.93	0.9	0.93	-0.4	0.94	GGGAX
LGLFX	0.91	0.92	0.76	0.93		0.92	0.94	-0.45	0.94	LGLFX
TFAQX	0.97	0.87	0.75	0.9	0.92		0.9	-0.4	0.89	TFAQX
LGRNX	0.92	0.92	0.66	0.93	0.94	0.9		-0.4	0.95	LGRNX
ACEAX	-0.41	-0.43	-0.46	-0.4	-0.45	-0.4	-0.4		-0.36	ACEAX
POGSX	0.9	0.95	0.68	0.94	0.94	0.89	0.95	-0.36		POGSX
	CADVX	BRSIX	DBLIX	GGGAX	LGLFX	TFAQX	LGRNX	ACEAX	POGSX

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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

TFAQX	+ 0.97	CADVX
POGSX	+ 0.95	BRSIX
POGSX	+ 0.95	LGRNX
POGSX	+ 0.94	GGGAX
LGRNX	+ 0.94	LGLFX
POGSX	+ 0.94	LGLFX

High negative correlations

ACEAX	- 0.46	DBLIX
ACEAX	- 0.45	LGLFX
ACEAX	- 0.43	BRSIX
ACEAX	- 0.41	CADVX
ACEAX	- 0.4	LGRNX
ACEAX	- 0.4	TFAQX

Risk-Adjusted Indicators

There is a big difference between Hunter Mutual Fund performing well and Hunter Small 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 Hunter Small'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
CADVX	0.55	0.05	0.01	1.81	0.77	(0.58)	0.98	(1.18)	5.53
BRSIX	1.07	0.17	0.09	0.77	1.21	(1.19)	2.36	(2.13)	9.60
DBLIX	0.08	0.01	(0.19)	0.74	0.00	(0.15)	0.13	(0.13)	0.63
GGGAX	0.67	0.06	0.02	0.91	1.01	(0.64)	1.41	(1.87)	4.83
LGLFX	0.91	0.24	0.14	1.03	1.12	(0.94)	2.40	(1.70)	7.49
TFAQX	0.64	0.10	0.06	4.22	0.89	(0.67)	1.31	(1.11)	5.95
LGRNX	0.82	0.12	0.04	(1.72)	1.66	(0.83)	1.69	(1.58)	11.69
ACEAX	1.70	0.15	0.05	0.49	2.07	(1.82)	4.75	(4.31)	13.02
POGSX	0.58	0.06	0.02	18.83	0.84	(0.59)	0.92	(1.41)	6.12

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