Emerald Growth Correlations

FGROX Fund

USD 23.26 0.07 0.30%

The current 90-days correlation between Emerald Growth and Rreef Property Trust is -0.13 (i.e., Good diversification). The correlation of Emerald Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between Emerald Growth Fund and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Growth 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 Growth 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 persons.

Moving together with Emerald Mutual Fund

0.8	FFBFX	Emerald Banking And	Pair Corr
1.0	FFGRX	Emerald Growth	Pair Corr
0.95	EFCCX	Emerald Insights	Pair Corr
0.95	EFCNX	Emerald Insights	Pair Corr
0.95	EFCIX	Emerald Insights	Pair Corr
1.0	HSPGX	Emerald Growth	Pair Corr
0.99	HSPCX	Emerald Growth	Pair Corr
0.8	HSSAX	Emerald Banking And	Pair Corr
0.8	HSSCX	Emerald Banking And	Pair Corr
0.79	HSSIX	Emerald Banking And	Pair Corr
0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.93	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.93	JGMIX	Janus Triton	Pair Corr
0.93	JGMRX	Janus Triton	Pair Corr
0.93	JGMAX	Janus Triton	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.93	JGMNX	Janus Triton	Pair Corr

Moving against Emerald Mutual Fund

0.76	PSDNX	Putnam Ultra Short	Pair Corr
0.76	BISMX	Brandes International	Pair Corr
0.71	HRBDX	Harbor Bond Fund	Pair Corr
0.69	EMBAX	Unconstrained Emerging	Pair Corr
0.54	NHS	Neuberger Berman High	Pair Corr
0.82	GF	New Germany Closed	Pair Corr
0.79	VSGDX	Vanguard Short Term	Pair Corr
0.72	USGDX	Morgan Stanley Government	Pair Corr
0.72	ARBOX	Absolute Convertible	Pair Corr
0.72	ABNOX	Ab Bond Inflation	Pair Corr
0.69	EPDPX	Europac International	Pair Corr
0.68	MEERX	Massmutual Premier	Pair Corr
0.66	VICSX	Vanguard Intermediate-ter	Pair Corr
0.63	EBSFX	Eubel Brady Suttman	Pair Corr
0.63	GIOIX	Guggenheim Macro Opp	Pair Corr
0.63	DLDFX	Destinations Low Duration	Pair Corr
0.58	SAEMX	Sa Emerging Markets	Pair Corr
0.51	UTF	Cohen And Steers	Pair Corr
0.48	SGDLX	Sprott Gold Equity	Pair Corr

Related Correlations Analysis

	ZRPTUX	FORFX	CREFX	PAREX	NMMRF	FIKMX	SEIRX
ZRPTUX		0.57	0.63	0.66	0.24	0.62	0.57	ZRPTUX
FORFX	0.57		0.65	0.54	0.73	0.9	0.41	FORFX
CREFX	0.63	0.65		0.95	0.45	0.88	0.95	CREFX
PAREX	0.66	0.54	0.95		0.38	0.8	0.95	PAREX
NMMRF	0.24	0.73	0.45	0.38		0.73	0.28	NMMRF
FIKMX	0.62	0.9	0.88	0.8	0.73		0.72	FIKMX
SEIRX	0.57	0.41	0.95	0.95	0.28	0.72		SEIRX
	ZRPTUX	FORFX	CREFX	PAREX	NMMRF	FIKMX	SEIRX

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Risk-Adjusted Indicators

There is a big difference between Emerald Mutual Fund performing well and Emerald Growth 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 Growth'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
ZRPTUX	0.08	(0.01)	0.00	(0.92)	0.00	0.00	0.15	(0.45)	0.98
FORFX	0.05	0.02	0.00	(5.40)	0.00	0.00	0.11	0.00	0.32
CREFX	0.91	0.01	0.00	(0.05)	0.00	0.00	1.59	(1.75)	4.82
PAREX	1.02	(0.08)	0.00	(0.19)	0.00	0.00	1.65	(2.30)	6.34
NMMRF	0.07	0.02	0.00	(1.43)	0.00	0.00	0.00	0.00	2.35
FIKMX	0.26	0.03	0.20	0.08	0.30	(0.30)	0.59	(0.49)	1.36
SEIRX	0.94	(0.04)	0.00	(0.12)	0.00	0.00	1.69	(2.42)	4.42

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