Emerald Insights Correlations

Mutual Funds . USA . 
Fund . Emerald Insights Fund
EFCAX Fund  USD 21.82  0.09  0.41%   
The current 90-days correlation between Emerald Insights and T Rowe Price is -0.05 (i.e., Good diversification). The correlation of Emerald Insights 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 Insights Correlation With Market

Poor diversification

The correlation between Emerald Insights Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Insights Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerald Insights Fund. 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

  0.86FFBFX Emerald Banking AndPairCorr
  0.93FFGRX Emerald GrowthPairCorr
  0.97FGROX Emerald GrowthPairCorr
  1.0EFCCX Emerald InsightsPairCorr
  1.0EFCNX Emerald InsightsPairCorr
  1.0EFCIX Emerald InsightsPairCorr
  0.93HSPGX Emerald GrowthPairCorr
  0.93HSPCX Emerald GrowthPairCorr
  0.89HSSAX Emerald Banking AndPairCorr
  0.89HSSCX Emerald Banking AndPairCorr
  0.86HSSIX Emerald Banking AndPairCorr
  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.96CGFCX Growth FundPairCorr
  0.96CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.63IVHIX Ivy High IncomePairCorr
  0.62IHIFX Ivy High IncomePairCorr
  0.69DVRIX Mfs Global AlternativePairCorr
  0.89MCIFX Miller Vertible BondPairCorr
  0.86SWYFX Schwab Target 2035PairCorr
  0.89AAGTX American Funds 2040PairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.83BAGPX Blackrock Gwth PtfPairCorr
  0.9PNOPX Putnam Multi CapPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.99TILIX Tiaa-cref Large-capPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Emerald Mutual Fund performing well and Emerald Insights 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 Insights' 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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