Stone Harbor Correlations
| SHSIXDelisted Fund | USD 8.44 0.00 0.00% |
The current 90-days correlation between Stone Harbor Strategic and Nuveen Minnesota Municipal is -0.05 (i.e., Good diversification). The correlation of Stone Harbor 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.
Stone Harbor Correlation With Market
Significant diversification
The correlation between Stone Harbor Strategic and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Harbor Strategic and DJI in the same portfolio, assuming nothing else is changed.
Stone |
Moving together with Stone Mutual Fund
| 0.69 | XPPRX | Voya Prime Rate | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.73 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against Stone Mutual Fund
| 0.66 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.58 | NXJ | Nuveen New Jersey | PairCorr |
| 0.53 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.52 | PONCX | Pimco Income | PairCorr |
| 0.51 | PONAX | Pimco Income | PairCorr |
| 0.51 | PONRX | Pimco Income | PairCorr |
| 0.5 | PIPNX | Pimco Income | PairCorr |
| 0.5 | PONPX | Pimco Incme Fund | PairCorr |
| 0.5 | PIINX | Pimco Income | PairCorr |
| 0.48 | PIMIX | Pimco Income | PairCorr |
| 0.44 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.67 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.48 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.47 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.86 | 0.7 | 0.9 | 0.87 | 0.98 | FYMNX | ||
| 0.86 | 0.8 | 0.84 | 0.84 | 0.88 | MSTPX | ||
| 0.7 | 0.8 | 0.86 | 0.9 | 0.8 | MDMTX | ||
| 0.9 | 0.84 | 0.86 | 0.99 | 0.96 | BBINX | ||
| 0.87 | 0.84 | 0.9 | 0.99 | 0.94 | CFNLX | ||
| 0.98 | 0.88 | 0.8 | 0.96 | 0.94 | FAZTX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Stone Mutual Fund performing well and Stone Harbor 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 Stone Harbor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FYMNX | 0.14 | 0.03 | (0.30) | (0.17) | 0.14 | 0.37 | 1.40 | |||
| MSTPX | 0.11 | 0.00 | (0.32) | 0.14 | 0.14 | 0.30 | 1.10 | |||
| MDMTX | 0.17 | (0.01) | (0.31) | (0.03) | 0.24 | 0.38 | 1.33 | |||
| BBINX | 0.12 | 0.01 | (0.42) | (0.05) | 0.13 | 0.29 | 1.07 | |||
| CFNLX | 0.12 | 0.01 | (0.44) | (0.02) | 0.17 | 0.22 | 1.13 | |||
| FAZTX | 0.14 | 0.02 | (0.33) | (0.21) | 0.16 | 0.30 | 1.29 |
Stone Harbor Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Stone Harbor mutual fund to make a market-neutral strategy. Peer analysis of Stone Harbor could also be used in its relative valuation, which is a method of valuing Stone Harbor by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Stone Harbor Strategic?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.