Empiric 2500 Correlations

EMCCX Fund

USD 57.09 0.55 0.97%

The current 90-days correlation between Empiric 2500 and Empiric 2500 Fund is 1.0 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Empiric 2500 Fund and DJI is 0.89 (i.e., Very poor 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empiric 2500 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 main economic indicators.

Moving together with Empiric Mutual Fund

1.0	EMCAX	Empiric 2500	Pair Corr
0.95	VSGAX	Vanguard Small Cap	Pair Corr
0.95	VSGIX	Vanguard Small Cap	Pair Corr
0.95	VISGX	Vanguard Small Cap	Pair Corr
0.98	VEXPX	Vanguard Explorer	Pair Corr
0.98	VEXRX	Vanguard Explorer	Pair Corr
0.93	JGMNX	Janus Triton	Pair Corr
0.63	RMQAX	Monthly Rebalance	Pair Corr
0.64	RMQHX	Monthly Rebalance	Pair Corr
0.75	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.62	BPTIX	Baron Partners	Pair Corr
0.77	AULDX	Ultra Fund R6	Pair Corr
0.9	AZNIX	Allianzgi Income Growth	Pair Corr
0.91	FDGKX	Fidelity Dividend Growth	Pair Corr
0.83	KADAX	Kensington Active	Pair Corr
0.86	XBTOX	John Hancock Financial	Pair Corr
0.84	TRIHX	Tiaa Cref Large	Pair Corr
0.75	PSCAX	Palmer Square Ssi	Pair Corr
0.71	HGOIX	Hartford Growth	Pair Corr
0.86	OHFGX	Oak Harvest Longshrt	Pair Corr
0.81	BFTIX	Baron Fifth Avenue	Pair Corr
0.89	LMCJX	Miller Income	Pair Corr
0.84	ALBAX	Alger Growth Income	Pair Corr
0.87	RMBKX	Rmb Mendon Financial	Pair Corr
0.78	BTCLX	Cboe Vest Bitcoin	Pair Corr
0.66	CPRSX	Clarion Partners Real	Pair Corr

Related Correlations Analysis

	EMCAX	CSOIX	USDIX	HGOIX	SDSCX	DCFGX	STCZX	FFRHX	CMGIX	BABSX
EMCAX		0.78	0.67	0.72	0.92	0.83	0.8	0.74	0.93	0.62	EMCAX
CSOIX	0.78		0.93	0.82	0.88	0.86	0.83	0.95	0.84	0.65	CSOIX
USDIX	0.67	0.93		0.74	0.8	0.79	0.76	0.95	0.75	0.55	USDIX
HGOIX	0.72	0.82	0.74		0.89	0.94	0.94	0.84	0.87	0.72	HGOIX
SDSCX	0.92	0.88	0.8	0.89		0.96	0.93	0.87	0.99	0.67	SDSCX
DCFGX	0.83	0.86	0.79	0.94	0.96		0.99	0.87	0.94	0.67	DCFGX
STCZX	0.8	0.83	0.76	0.94	0.93	0.99		0.85	0.91	0.67	STCZX
FFRHX	0.74	0.95	0.95	0.84	0.87	0.87	0.85		0.83	0.54	FFRHX
CMGIX	0.93	0.84	0.75	0.87	0.99	0.94	0.91	0.83		0.67	CMGIX
BABSX	0.62	0.65	0.55	0.72	0.67	0.67	0.67	0.54	0.67		BABSX
	EMCAX	CSOIX	USDIX	HGOIX	SDSCX	DCFGX	STCZX	FFRHX	CMGIX	BABSX

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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	(0.01)	0.00	0.03	0.93	(0.75)	1.46	(1.14)	8.21
CSOIX	0.07	0.00	(0.25)	0.09	0.00	(0.16)	0.11	(0.11)	0.95
USDIX	0.02	0.00	0.00	0.20	0.00	0.00	0.00	0.00	0.51
HGOIX	0.78	0.18	0.10	1.67	1.11	(0.75)	1.71	(1.75)	5.92
SDSCX	0.92	0.11	0.08	0.12	1.23	(0.93)	1.75	(1.54)	7.99
DCFGX	0.79	0.11	0.07	0.15	1.13	(0.73)	1.42	(1.51)	6.38
STCZX	0.70	0.10	0.07	0.17	0.98	(0.67)	1.49	(1.55)	5.56
FFRHX	0.07	0.02	0.00	9.52	0.00	0.00	0.11	(0.11)	1.09
CMGIX	0.94	0.09	0.07	0.11	1.21	(1.03)	1.98	(1.98)	7.83
BABSX	0.34	0.03	(0.02)	(0.87)	0.28	(0.41)	0.79	(0.45)	1.91

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Empiric 2500 Correlations

Empiric 2500 Correlation With Market

Very poor diversification

Moving together with Empiric Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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