Emerald Insights Correlations

Mutual Funds . USA . 
Fund . Emerald Insights Fund
EFCIX Fund  USD 23.02  0.41  1.81%   
The current 90-days correlation between Emerald Insights and Emerald Banking And is 0.47 (i.e., Very weak 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 0.65 (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 gross domestic product.

Moving together with Emerald Mutual Fund

  0.92FFBFX Emerald Banking AndPairCorr
  0.95FFGRX Emerald GrowthPairCorr
  0.97FGROX Emerald GrowthPairCorr
  0.96EFCCX Emerald InsightsPairCorr
  1.0EFCAX Emerald InsightsPairCorr
  1.0EFCNX Emerald InsightsPairCorr
  0.95HSPGX Emerald GrowthPairCorr
  0.97HSPCX Emerald GrowthPairCorr
  0.92HSSAX Emerald Banking AndPairCorr
  0.92HSSCX Emerald Banking AndPairCorr
  0.9HSSIX Emerald Banking AndPairCorr
  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.96GFACX 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
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.77PGAIX Pimco Global MultiPairCorr
  0.96FTRNX Fidelity TrendPairCorr
  0.94VAADX Virtus ConvertiblePairCorr
  0.83NSBFX Nuveen Santa BarbaraPairCorr
  0.85GAB Gabelli Equity TrustPairCorr
  0.77NEXTX Shelton Green AlphaPairCorr

Moving against Emerald Mutual Fund

  0.4VTISX Vanguard Total InterPairCorr
  0.4VTSNX Vanguard Total InterPairCorr
  0.4VTPSX Vanguard Total InterPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FFBFX  1.20  0.03  0.13  0.13  0.93 
(1.54)
 2.47 
(1.99)
 13.30 
FFGRX  0.98  0.19  0.09  0.73  0.93 
(1.05)
 2.13 
(2.09)
 7.70 
FGROX  0.97  0.06  0.10  0.15  0.92 
(1.07)
 2.11 
(2.07)
 7.75 
EFCCX  0.73  0.19  0.09  1.25  0.75 
(0.88)
 1.86 
(1.20)
 5.68 
EFCAX  0.74  0.13  0.12  0.25  0.73 
(0.89)
 1.89 
(1.19)
 5.73 
EFCNX  0.74  0.13  0.12  0.25  0.72 
(0.87)
 1.85 
(1.20)
 5.69 
EFCIX  0.74  0.13  0.12  0.25  0.74 
(0.89)
 1.85 
(1.19)
 5.69 
HSPGX  0.98  0.19  0.09  0.73  0.93 
(1.04)
 2.11 
(2.07)
 7.70 
HSPCX  0.99  0.07  0.11  0.16  0.92 
(1.05)
 2.10 
(2.09)
 7.68 
HSSAX  1.20  0.03  0.13  0.13  0.92 
(1.59)
 2.46 
(1.97)
 13.32 

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