Emerald Banking Correlations

Mutual Funds . USA . 
Fund . Emerald Banking And
HSSCX Fund  USD 25.22  0.05  0.20%   
The current 90-days correlation between Emerald Banking And and Emerald Banking And is 1.0 (i.e., No risk reduction). 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 -0.11 (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 Risk vs Return Analysis 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 main economic indicators.

Moving together with Emerald Mutual Fund

  0.97FFBFX Emerald Banking AndPairCorr
  0.89FFGRX Emerald GrowthPairCorr
  0.89FGROX Emerald GrowthPairCorr
  0.89HSPGX Emerald GrowthPairCorr
  1.0HSSAX Emerald Banking AndPairCorr
  0.97HSSIX Emerald Banking AndPairCorr
  0.91VFAIX Vanguard Financials IndexPairCorr
  0.99FRBCX Regional BankPairCorr
  0.96JRGRX Regional BankPairCorr
  0.91PRISX T Rowe PricePairCorr
  0.87JFDRX Financial IndustriesPairCorr
  0.93TFIFX T Rowe PricePairCorr
  0.94DVFYX Davis FinancialPairCorr
  0.94DFFCX Davis FinancialPairCorr
  0.89PDI Pimco Dynamic IncomePairCorr
  0.88FTCAX Templeton Strained BondPairCorr
  0.91VSMPX Vanguard Total StockPairCorr
  0.9VGIAX Vanguard Growth AndPairCorr
  0.93HTD John Hancock TaxPairCorr
  0.91PKAIX Pimco Rae FundamentalPairCorr
  0.91AUUYX Ab Select EquityPairCorr
  0.86GSXIX Aberdeen Small CapPairCorr
  0.84FTXNX Fuller Thaler BehavioralPairCorr

Moving against Emerald Mutual Fund

  0.88UIPIX Ultrashort Mid CapPairCorr
  0.85USPSX Profunds UltrashortPairCorr
  0.85USPIX Profunds UltrashortPairCorr
  0.59TCTGX Transamerica CleartrackPairCorr
  0.59TCTJX Transamerica CleartrackPairCorr
  0.59TCSUX Cleartrack 2020 ClassPairCorr
  0.58TDKTX Cleartrack 2015 ClassPairCorr

Related Correlations Analysis

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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.

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