Emerald Banking Correlations

HSSAX Fund

USD 30.92 0.25 0.80%

The current 90-days correlation between Emerald Banking And and Emerald Banking And is -0.01 (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

Significant diversification

The correlation between Emerald Banking And and DJI is 0.03 (i.e., Significant 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 nation.

Moving together with Emerald Mutual Fund

0.82	VFAIX	Vanguard Financials Index	Pair Corr
0.85	FRBCX	Regional Bank	Pair Corr
0.82	JRGRX	Regional Bank	Pair Corr
0.77	PRISX	T Rowe Price	Pair Corr
0.82	FIDCX	Financial Industries	Pair Corr
0.82	JFDRX	Financial Industries	Pair Corr
0.77	TFIFX	T Rowe Price	Pair Corr
0.81	DVFYX	Davis Financial	Pair Corr
0.81	RPFGX	Davis Financial	Pair Corr
0.81	DFFCX	Davis Financial	Pair Corr
0.81	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.81	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.82	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.81	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.83	KINCX	Kinetics Internet	Pair Corr
0.81	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.99	FSRBX	Banking Portfolio Banking	Pair Corr
0.7	GAB	Gabelli Equity Trust	Pair Corr
0.81	PRDSX	T Rowe Price	Pair Corr
0.95	TEGYX	Mid Cap Growth	Pair Corr
0.69	WMT	Walmart Aggressive Push	Pair Corr
0.83	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	HPQ	HP Inc	Pair Corr

Moving against Emerald Mutual Fund

0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.69	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	HSSCX	HSSIX	FFBFX	HSPGX	TFSIX
HSSCX		0.85	0.85	0.93	0.0	HSSCX
HSSIX	0.85		1.0	0.83	0.0	HSSIX
FFBFX	0.85	1.0		0.83	0.0	FFBFX
HSPGX	0.93	0.83	0.83		0.0	HSPGX
TFSIX	0.0	0.0	0.0	0.0		TFSIX
	HSSCX	HSSIX	FFBFX	HSPGX	TFSIX

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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

FFBFX	+ 1.0	HSSIX
HSPGX	+ 0.93	HSSCX
HSSIX	+ 0.85	HSSCX
FFBFX	+ 0.85	HSSCX
HSPGX	+ 0.83	HSSIX
HSPGX	+ 0.83	FFBFX

High negative correlations

TFSIX	- 0.0	HSPGX
TFSIX	- 0.0	FFBFX
TFSIX	- 0.0	HSSIX
TFSIX	- 0.0	HSSCX

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
HSSCX	1.21	0.00	0.10	0.12	0.97	(1.52)	2.50	(2.00)	13.30
HSSIX	1.24	0.23	0.10	3.90	0.98	(1.61)	2.48	(2.01)	13.29
FFBFX	1.24	0.23	0.10	3.89	0.98	(1.61)	2.47	(1.99)	13.30
HSPGX	1.03	(0.03)	0.03	0.10	1.18	(1.06)	2.11	(2.10)	7.70
TFSIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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