Emerald Banking Correlations

FFBFX Fund

USD 29.54 0.06 0.20%

The current 90-days correlation between Emerald Banking And and Emerald Banking And is -0.14 (i.e., Good diversification). The correlation of Emerald Banking 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 Banking Correlation With Market

Good diversification

The correlation between Emerald Banking And and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Banking And 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 Banking And. 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 census.

Moving together with Emerald Mutual Fund

0.9	FFGRX	Emerald Growth	Pair Corr
0.88	EFCNX	Emerald Insights	Pair Corr
0.88	EFCIX	Emerald Insights	Pair Corr
0.9	HSPCX	Emerald Growth	Pair Corr
1.0	HSSAX	Emerald Banking And	Pair Corr
1.0	HSSCX	Emerald Banking And	Pair Corr
0.67	HSSIX	Emerald Banking And	Pair Corr
0.62	FRBCX	Regional Bank	Pair Corr
0.63	JRGRX	Regional Bank	Pair Corr
0.88	FIDCX	Financial Industries	Pair Corr
0.88	JFDRX	Financial Industries	Pair Corr
0.92	TFIFX	T Rowe Price	Pair Corr
0.93	RPFGX	Davis Financial	Pair Corr
0.63	FTCAX	Templeton Strained Bond	Pair Corr
0.63	HTD	John Hancock Tax	Pair Corr
0.83	TSNAX	Touchstone Sands Capital	Pair Corr
0.87	RPIFX	T Rowe Price	Pair Corr
0.91	PKAIX	Pimco Rae Fundamental	Pair Corr
0.87	RLIAX	Invesco Income Allocation	Pair Corr
0.61	AUUYX	Ab Select Equity	Pair Corr
0.85	GSXIX	Aberdeen Small Cap	Pair Corr

Moving against Emerald Mutual Fund

0.51	USPSX	Profunds Ultrashort	Pair Corr
0.51	USPIX	Profunds Ultrashort	Pair Corr
0.51	UIPIX	Ultrashort Mid Cap	Pair Corr
0.39	TCSUX	Cleartrack 2020 Class	Pair Corr
0.38	TCTGX	Transamerica Cleartrack	Pair Corr
0.38	TCTJX	Transamerica Cleartrack	Pair Corr
0.37	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	HSSIX	HSSAX	HSSCX	HSFNX	FELTX
HSSIX		0.66	0.67	0.66	0.66	HSSIX
HSSAX	0.66		1.0	0.96	0.88	HSSAX
HSSCX	0.67	1.0		0.96	0.88	HSSCX
HSFNX	0.66	0.96	0.96		0.76	HSFNX
FELTX	0.66	0.88	0.88	0.76		FELTX
	HSSIX	HSSAX	HSSCX	HSFNX	FELTX

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Risk-Adjusted Indicators

There is a big difference between Emerald Mutual Fund performing well and Emerald Banking 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 Banking'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
HSSIX	1.07	0.20	0.17	0.32	0.89	(1.30)	2.42	(1.57)	6.30
HSSAX	1.06	0.37	0.18	(1.35)	0.86	(1.27)	2.41	(1.54)	6.31
HSSCX	1.07	0.37	0.17	(1.47)	0.87	(1.30)	2.43	(1.56)	6.30
HSFNX	1.21	0.32	0.11	(1.21)	1.15	(1.36)	2.76	(1.61)	7.52
FELTX	1.37	0.74	0.52	3.64	0.45	(1.78)	3.98	(1.58)	9.81

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