Flaherty Crumrine Correlations

Funds . USA . 
Fund . Flaherty Crumrine Preferredome
PFD Fund  USD 11.27  0.19  1.66%   
The current 90-days correlation between Flaherty Crumrine and Flaherty Crumrine Preferred is 0.47 (i.e., Very weak diversification). The correlation of Flaherty Crumrine 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.

Flaherty Crumrine Correlation With Market

Very weak diversification

The correlation between Flaherty Crumrine Preferredome and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flaherty Crumrine Preferredome and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Flaherty Crumrine Preferredome. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Flaherty Fund performing well and Flaherty Crumrine 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 Flaherty Crumrine'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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