Emerald Banking Correlations

Mutual Funds . USA . 
Fund . Emerald Banking And
HSSIX Fund  USD 32.57  0.26  0.79%   
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

Very poor diversification

The correlation between Emerald Banking And and DJI is 0.8 (i.e., Very poor 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 gross domestic product.

Moving together with Emerald Mutual Fund

  1.0FFBFX Emerald Banking AndPairCorr
  0.9FFGRX Emerald GrowthPairCorr
  0.93FGROX Emerald GrowthPairCorr
  0.86EFCCX Emerald InsightsPairCorr
  0.87EFCAX Emerald InsightsPairCorr
  0.83EFCNX Emerald InsightsPairCorr
  0.87EFCIX Emerald InsightsPairCorr
  0.9HSPGX Emerald GrowthPairCorr
  0.93HSPCX Emerald GrowthPairCorr
  1.0HSSAX Emerald Banking AndPairCorr
  1.0HSSCX Emerald Banking AndPairCorr
  0.98VFAIX Vanguard Financials IndexPairCorr
  0.93FRBCX Regional BankPairCorr
  0.93JRGRX Regional BankPairCorr
  0.97PRISX T Rowe PricePairCorr
  0.98FIDCX Financial IndustriesPairCorr
  0.98JFDRX Financial IndustriesPairCorr
  0.97TFIFX T Rowe PricePairCorr
  0.97DVFYX Davis FinancialPairCorr
  0.97RPFGX Davis FinancialPairCorr
  0.97DFFCX Davis FinancialPairCorr
  0.9ASG Liberty All StarPairCorr
  0.8CII Blackrock EnhancedPairCorr
  0.86ETV Eaton Vance TaxPairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.9CRF Cornerstone StrategicPairCorr
  0.87USA Liberty All StarPairCorr
  0.8ETY Eaton Vance TaxPairCorr
  0.62NFJ Virtus Dividend InterestPairCorr
  0.85VWENX Vanguard WellingtonPairCorr
  0.81VBIAX Vanguard Balanced IndexPairCorr
  0.96VSMVX Vanguard Sp SmallPairCorr
  0.88USPRX Sp 500 IndexPairCorr
  0.9LTFOX Lord Abbett AffiliatedPairCorr
  0.85FCYIX Industrials PortfolioPairCorr
  0.8FCNTX Fidelity ContrafundPairCorr
  0.87VINIX Vanguard InstitutionalPairCorr

Moving against Emerald Mutual Fund

  0.51IFN India ClosedPairCorr
  0.38IIF Morgan Stanley IndiaPairCorr

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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