Hunter Small Correlations

HSCVX Fund

USD 13.14 0.28 2.18%

The current 90-days correlation between Hunter Small Cap and Transamerica Intermediate Muni is 0.05 (i.e., Significant 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

Average diversification

The correlation between Hunter Small Cap and DJI is 0.18 (i.e., Average 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 unemployment.

Moving together with Hunter Mutual Fund

0.82	VSIIX	Vanguard Small Cap	Pair Corr
0.72	VISVX	Vanguard Small Cap	Pair Corr
0.81	DFSVX	Us Small Cap	Pair Corr
0.89	DFFVX	Us Targeted Value	Pair Corr
0.7	VSMCX	Invesco Small Cap	Pair Corr
0.71	IOBAX	Icon Bond Fund	Pair Corr
0.71	FHIIX	Federated High Income	Pair Corr

Moving against Hunter Mutual Fund

0.41	XNBHX	Neuberger Berman Int	Pair Corr
0.34	XNXJX	Nuveen New Jersey	Pair Corr
0.39	ALTEX	Firsthand Alternative	Pair Corr

Related Correlations Analysis

	TIMTX	ELBIX	PRFHX	BBINX	DLTNX	PATFX
TIMTX		0.72	0.98	0.98	0.82	0.98	TIMTX
ELBIX	0.72		0.61	0.7	0.57	0.61	ELBIX
PRFHX	0.98	0.61		0.97	0.82	1.0	PRFHX
BBINX	0.98	0.7	0.97		0.79	0.97	BBINX
DLTNX	0.82	0.57	0.82	0.79		0.81	DLTNX
PATFX	0.98	0.61	1.0	0.97	0.81		PATFX
	TIMTX	ELBIX	PRFHX	BBINX	DLTNX	PATFX

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
TIMTX	0.09	0.02	(0.38)	(2.35)	0.00	(0.13)	0.28	(0.09)	0.56
ELBIX	0.22	0.01	(0.12)	0.16	0.22	(0.24)	0.42	(0.43)	1.14
PRFHX	0.12	0.02	(0.26)	9.90	0.00	(0.18)	0.36	(0.18)	1.00
BBINX	0.07	0.01	(0.47)	0.80	0.00	(0.14)	0.20	(0.10)	0.58
DLTNX	0.14	0.00	(0.35)	1.90	0.09	(0.20)	0.34	(0.23)	0.79
PATFX	0.11	0.02	(0.29)	(3.50)	0.00	(0.16)	0.36	(0.18)	0.82

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