Emerald Insights Correlations

EFCAX Fund

USD 23.48 0.02 0.09%

The current 90-days correlation between Emerald Insights and Fidelity Sai Convertible is 0.1 (i.e., Average diversification). The correlation of Emerald Insights 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.

Emerald Insights Correlation With Market

Poor diversification

The correlation between Emerald Insights Fund and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Insights Fund 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 Emerald Insights Fund. 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 nation.

Moving together with Emerald Mutual Fund

0.99	FFGRX	Emerald Growth	Pair Corr
1.0	FGROX	Emerald Growth	Pair Corr
1.0	EFCCX	Emerald Insights	Pair Corr
1.0	EFCIX	Emerald Insights	Pair Corr
0.99	HSPGX	Emerald Growth	Pair Corr
0.99	HSPCX	Emerald Growth	Pair Corr
0.77	FAFGX	American Funds	Pair Corr
0.77	FFAFX	American Funds	Pair Corr
0.7	GFACX	Growth Fund	Pair Corr
0.77	GFAFX	Growth Fund	Pair Corr
0.7	AGTHX	Growth Fund	Pair Corr
0.7	CGFFX	Growth Fund	Pair Corr
0.7	CGFCX	Growth Fund	Pair Corr
0.7	CGFAX	Growth Fund	Pair Corr
0.7	CGFEX	Growth Fund	Pair Corr
0.7	RGAEX	Growth Fund	Pair Corr
0.73	HCMQX	Hcm Dividend Sector	Pair Corr
0.8	RBCUX	Tax Exempt Bond	Pair Corr
0.97	EMRIX	Emerging Markets	Pair Corr
0.67	FSRFX	Transportation Portfolio Potential Growth	Pair Corr
0.78	MIOPX	International Opportunity	Pair Corr
0.95	PRJIX	T Rowe Price	Pair Corr
0.99	RYTAX	Technology Fund Class	Pair Corr
0.77	TRRFX	T Rowe Price	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.76	FMUUX	Federated Municipal	Pair Corr
0.71	FPTKX	Fidelity Freedom 2015	Pair Corr
0.76	PGDRX	Diversified Real Asset	Pair Corr
0.97	HNCAX	Hartford International	Pair Corr
0.77	QNTIX	Quantex Fund Institu	Pair Corr
0.72	HBADX	Hartford Moderate	Pair Corr
0.78	MYSIX	Victory Trivalent	Pair Corr
0.69	RGLIX	Allianzgi Global Natural	Pair Corr

Related Correlations Analysis

	FSAWX	CCD	ARBOX	LCFYX	PBXIX	XNCVX
FSAWX		-0.31	0.57	0.58	0.48	0.57	FSAWX
CCD	-0.31		-0.16	-0.2	0.16	-0.19	CCD
ARBOX	0.57	-0.16		0.99	0.91	0.99	ARBOX
LCFYX	0.58	-0.2	0.99		0.91	1.0	LCFYX
PBXIX	0.48	0.16	0.91	0.91		0.92	PBXIX
XNCVX	0.57	-0.19	0.99	1.0	0.92		XNCVX
	FSAWX	CCD	ARBOX	LCFYX	PBXIX	XNCVX

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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

XNCVX	+ 1.0	LCFYX
LCFYX	+ 0.99	ARBOX
XNCVX	+ 0.99	ARBOX
XNCVX	+ 0.92	PBXIX
PBXIX	+ 0.91	ARBOX
PBXIX	+ 0.91	LCFYX

High negative correlations

CCD	- 0.31	FSAWX
LCFYX	- 0.2	CCD
XNCVX	- 0.19	CCD
ARBOX	- 0.16	CCD

Risk-Adjusted Indicators

There is a big difference between Emerald Mutual Fund performing well and Emerald Insights 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 Emerald Insights' 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
FSAWX	0.10	0.03	(0.89)	1.53	0.00	(0.17)	0.28	(0.09)	0.73
CCD	0.62	(0.02)	(0.10)	0.09	0.83	(0.65)	1.32	(1.03)	4.97
ARBOX	0.06	0.02	(1.10)	0.64	0.00	(0.12)	0.18	(0.09)	0.35
LCFYX	0.40	0.18	0.19	0.57	0.00	(0.52)	1.19	(0.53)	2.40
PBXIX	0.35	0.03	(0.08)	0.21	0.29	(0.43)	0.83	(0.54)	2.63
XNCVX	0.46	0.18	0.20	0.50	0.00	(0.65)	1.33	(0.78)	3.12

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