Stone Harbor Correlations

Funds . USA . 
Fund . Stone Harbor Emerging
EDF Fund  USD 5.00  0.05  0.99%   
The current 90-days correlation between Stone Harbor Emerging and Aberdeen Global IF is 0.2 (i.e., Modest diversification). The correlation of Stone Harbor 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.

Stone Harbor Correlation With Market

Modest diversification

The correlation between Stone Harbor Emerging and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Harbor Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Stone Harbor Emerging. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Stone Fund

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  0.9VFIAX Vanguard 500 IndexPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Stone Fund performing well and Stone Harbor 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 Stone Harbor'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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