Stone Harbor Correlations

Summary

EDIDelisted Fund

USD 5.47 0.04 0.74%

The current 90-days correlation between Stone Harbor Emerging and Aberdeen Global IF is -0.11 (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.

Stone Harbor Correlation With Market

Significant diversification

The correlation between Stone Harbor Emerging and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Harbor Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Stone Fund

0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Stone Fund

0.77	NHS	Neuberger Berman High	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.59	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.52	KO	Coca Cola Aggressive Push	Pair Corr
0.41	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.37	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.36	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.35	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	FCO	GLO	OPP	CRF	HIE	BWG	HTY	PYN	FAX	IAF
FCO		0.71	-0.32	0.77	0.8	-0.12	0.08	-0.08	-0.1	0.27	FCO
GLO	0.71		0.2	0.36	0.42	0.4	-0.39	0.33	0.43	0.57	GLO
OPP	-0.32	0.2		-0.71	-0.58	0.78	-0.78	0.76	0.76	0.23	OPP
CRF	0.77	0.36	-0.71		0.89	-0.54	0.49	-0.43	-0.57	0.09	CRF
HIE	0.8	0.42	-0.58	0.89		-0.43	0.3	-0.32	-0.41	0.16	HIE
BWG	-0.12	0.4	0.78	-0.54	-0.43		-0.68	0.74	0.89	0.53	BWG
HTY	0.08	-0.39	-0.78	0.49	0.3	-0.68		-0.79	-0.79	-0.24	HTY
PYN	-0.08	0.33	0.76	-0.43	-0.32	0.74	-0.79		0.68	0.45	PYN
FAX	-0.1	0.43	0.76	-0.57	-0.41	0.89	-0.79	0.68		0.37	FAX
IAF	0.27	0.57	0.23	0.09	0.16	0.53	-0.24	0.45	0.37		IAF
	FCO	GLO	OPP	CRF	HIE	BWG	HTY	PYN	FAX	IAF

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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

HIE	+ 0.89	CRF
FAX	+ 0.89	BWG
HIE	+ 0.8	FCO
BWG	+ 0.78	OPP
CRF	+ 0.77	FCO
PYN	+ 0.76	OPP

High negative correlations

FAX	- 0.79	HTY
PYN	- 0.79	HTY
HTY	- 0.78	OPP
CRF	- 0.71	OPP
HTY	- 0.68	BWG
HIE	- 0.58	OPP

Risk-Adjusted Indicators

There is a big difference between Stone Fund performing well and Stone Harbor 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
FCO	0.86	0.11	0.00	(7.10)	0.98	(0.98)	1.86	(1.70)	6.48
GLO	0.48	(0.03)	(0.11)	0.06	0.55	(0.59)	1.16	(1.15)	3.03
OPP	0.46	(0.05)	0.00	(0.15)	0.00	0.00	0.82	(0.90)	3.58
CRF	0.64	0.25	0.25	0.56	0.00	(0.85)	1.81	(0.99)	3.89
HIE	0.42	0.11	(0.02)	(2.40)	0.37	(0.49)	1.07	(0.73)	3.07
BWG	0.43	(0.04)	0.00	(0.04)	0.00	0.00	0.85	(1.04)	3.55
HTY	0.61	0.01	(0.10)	0.18	0.68	(0.74)	1.37	(1.35)	3.51
PYN	0.50	0.01	(0.18)	0.03	0.58	(0.58)	1.13	(0.99)	3.30
FAX	0.64	(0.11)	0.00	(0.21)	0.00	0.00	1.18	(1.41)	4.54
IAF	0.72	0.00	(0.07)	0.12	0.73	(0.94)	1.86	(1.36)	4.24

View Stone Harbor Related Equities

Aberdeen Global IF Clough Global Opportunities RiverNorthDoubleLine Strategic Opportunity Cornerstone Strategic Return Millerhoward High Income Brandywineglobal Globalome Opportunities John Hancock Tax Advantaged Pimco New York Aberdeen Asia Pacific If Aberdeen Australia Ef Aberdeen Japan Equity Stone Harbor Emerging Virtus Global Multi RiverNorth Specialty Finance Western Asset Mortgage

Risk & Return

Correlation

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