Emerald Banking Correlations

Mutual Funds . USA . 
Fund . Emerald Banking And
FFBFX Fund  USD 28.44  0.32  1.14%   
The current 90-days correlation between Emerald Banking And and Emerald Banking And is 1.0 (i.e., No risk reduction). The correlation of Emerald Banking 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 Banking Correlation With Market

Very poor diversification

The correlation between Emerald Banking And and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Banking And 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 Banking And. 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 census.

Moving together with Emerald Mutual Fund

  0.93FFGRX Emerald GrowthPairCorr
  0.95FGROX Emerald GrowthPairCorr
  0.89EFCCX Emerald InsightsPairCorr
  0.92EFCAX Emerald InsightsPairCorr
  0.92EFCNX Emerald InsightsPairCorr
  0.92EFCIX Emerald InsightsPairCorr
  0.93HSPGX Emerald GrowthPairCorr
  0.95HSPCX Emerald GrowthPairCorr
  1.0HSSAX Emerald Banking AndPairCorr
  1.0HSSCX Emerald Banking AndPairCorr
  0.96HSSIX Emerald Banking AndPairCorr
  0.99VFAIX Vanguard Financials IndexPairCorr
  0.96FRBCX Regional BankPairCorr
  0.96JRGRX Regional BankPairCorr
  0.98PRISX T Rowe PricePairCorr
  0.99FIDCX Financial IndustriesPairCorr
  0.96JFDRX Financial IndustriesPairCorr
  0.98TFIFX T Rowe PricePairCorr
  0.95DVFYX Davis FinancialPairCorr
  0.98RPFGX Davis FinancialPairCorr
  0.98DFFCX Davis FinancialPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.9VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.82FMAGX Fidelity MagellanPairCorr
  0.91FTRNX Fidelity TrendPairCorr
  0.94DFMAX Davidson Multi CapPairCorr
  0.95DODGX Dodge Stock FundPairCorr
  0.9PFLLX Putnam Floating RatePairCorr
  0.92MLUFX Massmutual Select MidPairCorr
  0.74CAGIX Calvert AggressivePairCorr

Moving against Emerald Mutual Fund

  0.62VGTSX Vanguard Total InterPairCorr
  0.62VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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