Empiric 2500 Correlations
EMCAX Fund | USD 67.00 0.64 0.96% |
The current 90-days correlation between Empiric 2500 and Credit Suisse Strategic is 0.16 (i.e., Average diversification). The correlation of Empiric 2500 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.
Empiric 2500 Correlation With Market
Modest diversification
The correlation between Empiric 2500 Fund and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empiric 2500 Fund and DJI in the same portfolio, assuming nothing else is changed.
Empiric |
Moving together with Empiric Mutual Fund
1.0 | EMCCX | Empiric 2500 | PairCorr |
0.92 | VSGAX | Vanguard Small Cap | PairCorr |
0.92 | VSGIX | Vanguard Small Cap | PairCorr |
0.92 | VISGX | Vanguard Small Cap | PairCorr |
0.91 | VEXPX | Vanguard Explorer | PairCorr |
0.91 | VEXRX | Vanguard Explorer | PairCorr |
0.85 | JGMNX | Janus Triton | PairCorr |
0.65 | RMQAX | Monthly Rebalance | PairCorr |
0.66 | RMQHX | Monthly Rebalance | PairCorr |
0.61 | RMQCX | Monthly Rebalance | PairCorr |
0.75 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
0.65 | BPTIX | Baron Partners | PairCorr |
0.8 | AULDX | Ultra Fund R6 | PairCorr |
0.9 | AZNIX | Allianzgi Income Growth | PairCorr |
0.92 | FDGKX | Fidelity Dividend Growth | PairCorr |
0.84 | KADAX | Kensington Active | PairCorr |
0.89 | XBTOX | John Hancock Financial | PairCorr |
0.86 | TRIHX | Tiaa Cref Large | PairCorr |
0.78 | PSCAX | Palmer Square Ssi | PairCorr |
0.78 | HGOIX | Hartford Growth | PairCorr |
0.82 | OHFGX | Oak Harvest Longshrt | PairCorr |
0.79 | BFTIX | Baron Fifth Avenue | PairCorr |
0.9 | LMCJX | Miller Income | PairCorr |
0.87 | ALBAX | Alger Growth Income | PairCorr |
0.91 | RMBKX | Rmb Mendon Financial | PairCorr |
0.8 | BTCLX | Cboe Vest Bitcoin | PairCorr |
0.72 | CPRSX | Clarion Partners Real | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Empiric Mutual Fund performing well and Empiric 2500 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 Empiric 2500'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EMCAX | 0.73 | 0.03 | 0.00 | 0.13 | 0.93 | 1.46 | 8.21 | |||
CSOIX | 0.07 | 0.00 | (0.25) | 0.09 | 0.00 | 0.11 | 0.95 | |||
USDIX | 0.02 | 0.00 | 0.00 | (0.13) | 0.00 | 0.00 | 0.51 | |||
HGOIX | 0.78 | 0.18 | 0.10 | 1.67 | 1.11 | 1.71 | 5.92 | |||
SDSCX | 0.91 | 0.12 | 0.07 | 0.51 | 1.22 | 1.75 | 7.99 | |||
DCFGX | 0.78 | 0.12 | 0.06 | 3.26 | 1.16 | 1.42 | 6.38 | |||
STCZX | 0.69 | 0.12 | 0.06 | 1.98 | 1.05 | 1.49 | 5.56 | |||
FFRHX | 0.07 | 0.02 | 0.00 | 9.52 | 0.00 | 0.11 | 1.09 | |||
CMGIX | 0.94 | 0.09 | 0.07 | 0.11 | 1.21 | 1.98 | 7.83 | |||
BABSX | 0.34 | 0.03 | (0.02) | (0.87) | 0.28 | 0.79 | 1.91 |