Emerald Growth Correlations

FGROX Fund

USD 24.84 0.50 2.05%

The current 90-days correlation between Emerald Growth and Angel Oak Ultrashort is 0.12 (i.e., Average 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

Weak diversification

The correlation between Emerald Growth Fund and DJI is 0.37 (i.e., 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

0.79	FFBFX	Emerald Banking And	Pair Corr
1.0	FFGRX	Emerald Growth	Pair Corr
1.0	HSPGX	Emerald Growth	Pair Corr
0.99	HSPCX	Emerald Growth	Pair Corr
0.79	HSSAX	Emerald Banking And	Pair Corr
0.79	HSSCX	Emerald Banking And	Pair Corr
0.78	HSSIX	Emerald Banking And	Pair Corr
0.92	VSGAX	Vanguard Small Cap	Pair Corr
0.92	VSGIX	Vanguard Small Cap	Pair Corr
0.92	VISGX	Vanguard Small Cap Potential Growth	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.92	VEXRX	Vanguard Explorer	Pair Corr
0.85	JGMIX	Janus Triton	Pair Corr
0.85	JGMRX	Janus Triton	Pair Corr
0.85	JGMAX	Janus Triton	Pair Corr
0.84	JGMCX	Janus Triton	Pair Corr
0.86	JGMNX	Janus Triton	Pair Corr
0.63	SMPSX	Semiconductor Ultrasector	Pair Corr
0.63	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.63	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.63	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.65	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.62	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.64	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr

Moving against Emerald Mutual Fund

0.7	QMNNX	Aqr Equity Market	Pair Corr
0.53	QNZNX	Aqr Sustainable Long	Pair Corr

Related Correlations Analysis

	AOUNX	CDHIX	REMVX	QNZIX	PRMDX	BXECX	MWUIX	SEDAX
AOUNX		0.67	0.45	0.84	0.76	0.75	0.96	0.69	AOUNX
CDHIX	0.67		0.87	0.73	0.88	0.94	0.67	0.96	CDHIX
REMVX	0.45	0.87		0.66	0.72	0.77	0.44	0.85	REMVX
QNZIX	0.84	0.73	0.66		0.67	0.72	0.73	0.69	QNZIX
PRMDX	0.76	0.88	0.72	0.67		0.95	0.78	0.9	PRMDX
BXECX	0.75	0.94	0.77	0.72	0.95		0.74	0.96	BXECX
MWUIX	0.96	0.67	0.44	0.73	0.78	0.74		0.69	MWUIX
SEDAX	0.69	0.96	0.85	0.69	0.9	0.96	0.69		SEDAX
	AOUNX	CDHIX	REMVX	QNZIX	PRMDX	BXECX	MWUIX	SEDAX

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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
AOUNX	0.06	0.01	0.00	(2.86)	0.00	0.00	0.10	(0.10)	0.52
CDHIX	0.58	0.08	0.10	0.14	0.70	(0.60)	1.20	(1.24)	3.59
REMVX	0.67	0.07	0.09	0.16	0.76	(0.74)	1.47	(1.38)	3.39
QNZIX	0.59	0.09	0.13	0.85	0.70	(0.61)	1.09	(1.20)	3.40
PRMDX	0.07	0.00	0.10	0.06	0.00	(0.21)	0.20	(0.20)	0.78
BXECX	0.21	0.02	0.17	0.46	0.10	(0.30)	0.54	(0.40)	1.35
MWUIX	0.07	0.02	0.00	1.35	0.00	0.00	0.24	(0.24)	0.98
SEDAX	0.26	0.03	0.16	0.53	0.19	(0.33)	0.60	(0.36)	1.56

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