Herzfeld Caribbean Correlations

CUBA Fund

USD 2.71 0.01 0.37%

The current 90-days correlation between Herzfeld Caribbean Basin and Elysee Development Corp is -0.36 (i.e., Very good diversification). The correlation of Herzfeld Caribbean 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.

Herzfeld Caribbean Correlation With Market

Significant diversification

The correlation between Herzfeld Caribbean Basin 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 Herzfeld Caribbean Basin and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Herzfeld Caribbean Basin. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Herzfeld Fund

0.75	DNP	Dnp Select Income	Pair Corr
0.69	UTF	Cohen And Steers	Pair Corr
0.68	ABNOX	Ab Bond Inflation	Pair Corr
0.61	DLDFX	Destinations Low Duration	Pair Corr
0.67	EMBAX	Unconstrained Emerging	Pair Corr
0.77	BISMX	Brandes International	Pair Corr
0.76	VSGDX	Vanguard Short Term	Pair Corr
0.77	FGDIX	Fidelity Advisor Gold	Pair Corr
0.75	PSDNX	Putnam Ultra Short	Pair Corr
0.68	MEERX	Massmutual Premier	Pair Corr
0.62	EBSFX	Eubel Brady Suttman	Pair Corr
0.77	EPDPX	Europac International	Pair Corr
0.65	PUCAX	Prudential Unconstrained	Pair Corr
0.62	MFAAX	American Funds Mortgage	Pair Corr
0.73	LIRRX	Lord Abbett International	Pair Corr
0.62	VMLTX	Vanguard Limited Term	Pair Corr

Moving against Herzfeld Fund

0.55	CSQ	Calamos Strategic Total	Pair Corr
0.46	MAPBX	Mainstay Map Equity	Pair Corr

Related Correlations Analysis

	BBUC	ASXSF	KTF	MVT	MFV	AIF	AEF	AGD	DMF	NAZ
BBUC		0.73	0.67	0.65	0.0	0.0	-0.02	0.68	0.48	0.62	BBUC
ASXSF	0.73		0.41	0.4	0.0	0.0	0.21	0.56	0.28	0.44	ASXSF
KTF	0.67	0.41		0.85	0.0	0.0	0.38	0.59	0.34	0.67	KTF
MVT	0.65	0.4	0.85		0.0	0.0	0.32	0.82	0.56	0.88	MVT
MFV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MFV
AIF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AIF
AEF	-0.02	0.21	0.38	0.32	0.0	0.0		0.22	-0.18	0.2	AEF
AGD	0.68	0.56	0.59	0.82	0.0	0.0	0.22		0.59	0.9	AGD
DMF	0.48	0.28	0.34	0.56	0.0	0.0	-0.18	0.59		0.52	DMF
NAZ	0.62	0.44	0.67	0.88	0.0	0.0	0.2	0.9	0.52		NAZ
	BBUC	ASXSF	KTF	MVT	MFV	AIF	AEF	AGD	DMF	NAZ

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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

NAZ	+ 0.9	AGD
NAZ	+ 0.88	MVT
MVT	+ 0.85	KTF
AGD	+ 0.82	MVT
ASXSF	+ 0.73	BBUC
AGD	+ 0.68	BBUC

High negative correlations

DMF	- 0.18	AEF
AEF	- 0.02	BBUC
NAZ	- 0.0	AIF
DMF	- 0.0	AIF
AGD	- 0.0	AIF
AEF	- 0.0	AIF

Risk-Adjusted Indicators

There is a big difference between Herzfeld Fund performing well and Herzfeld Caribbean 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 Herzfeld Caribbean'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
BBUC	1.71	0.17	0.08	0.11	1.96	(1.75)	3.05	(3.64)	9.22
ASXSF	2.01	0.24	0.03	0.26	2.96	(7.59)	9.52	(4.76)	28.04
KTF	0.36	(0.03)	0.00	(0.37)	0.00	0.00	0.75	(0.95)	2.76
MVT	0.52	0.01	0.06	0.02	0.63	(0.62)	0.95	(1.22)	3.47
MFV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEF	0.91	(0.05)	0.00	(1.32)	0.00	0.00	1.56	(2.29)	5.70
AGD	0.74	0.09	0.11	0.13	0.88	(0.75)	1.70	(1.38)	4.55
DMF	0.59	0.01	0.07	(0.23)	0.66	(0.72)	1.31	(1.14)	5.91
NAZ	0.86	0.08	0.07	1.08	1.36	(0.95)	1.82	(1.80)	12.15

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