Huber Capital Correlations

Mutual Funds . USA . 
Fund . Huber Capital Diversified
HUDIX Fund  USD 24.91  0.05  0.20%   
The current 90-days correlation between Huber Capital Diversified and Huber Capital Equity is 0.97 (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

Almost no diversification

The correlation between Huber Capital Diversified and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Diversified 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 Diversified. 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 Huber Mutual Fund

  0.92HUDEX Huber Capital DiversifiedPairCorr
  0.96HULEX Huber Capital EquityPairCorr
  0.96HULIX Huber Capital EquityPairCorr
  0.95HUMDX Huber Capital MidPairCorr
  0.95HUSEX Huber Capital SmallPairCorr
  0.95HUSIX Huber Capital SmallPairCorr
  0.89VVIAX Vanguard Value IndexPairCorr
  0.89DOXGX Dodge Cox StockPairCorr
  0.9AFMFX American MutualPairCorr
  0.85FFMMX American Funds AmericanPairCorr
  0.85FFFMX American Funds AmericanPairCorr
  0.9AMRMX American MutualPairCorr
  0.84AMFFX American MutualPairCorr
  0.84AMFCX American MutualPairCorr
  0.94DODGX Dodge Stock FundPairCorr
  0.93VIVAX Vanguard Value IndexPairCorr
  0.92VSTSX Vanguard Total StockPairCorr
  0.92VSMPX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.91VINIX Vanguard InstitutionalPairCorr
  0.92VTSAX Vanguard Total StockPairCorr
  0.72FFRHX Fidelity Advisor FloatingPairCorr
  0.93LMBAX Qs Small CapitalizationPairCorr
  0.79KMKNX Kinetics Market Oppo Steady GrowthPairCorr
  0.88SDGTX Deutsche Capital GrowthPairCorr
  0.89TWQZX Transamerica Large CapPairCorr
  0.75GAB Gabelli Equity TrustPairCorr
  0.93PRWAX T Rowe PricePairCorr
  0.94VFMFX Vanguard MultifactorPairCorr
  0.89STENX Northern LightsPairCorr

Related Correlations Analysis

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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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