Emerald Growth Correlations

HSPCX Fund

USD 13.81 0.24 1.71%

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

Poor diversification

The correlation between Emerald Growth Fund and DJI is 0.61 (i.e., Poor 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 Risk vs Return Analysis 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 main economic indicators.

Moving together with Emerald Mutual Fund

0.62	VSGAX	Vanguard Small Cap	Pair Corr
0.93	VSGIX	Vanguard Small Cap	Pair Corr
0.93	VISGX	Vanguard Small Cap	Pair Corr
0.85	VEXPX	Vanguard Explorer	Pair Corr
0.85	VEXRX	Vanguard Explorer	Pair Corr
0.9	JGMIX	Janus Triton	Pair Corr
0.9	JGMRX	Janus Triton	Pair Corr
0.65	JGMAX	Janus Triton	Pair Corr
0.9	JGMCX	Janus Triton	Pair Corr
0.67	GPMFX	Guidepath Managed Futures	Pair Corr
0.68	BA	Boeing Buyout Trend	Pair Corr
0.83	AXP	American Express	Pair Corr

Moving against Emerald Mutual Fund

0.93	GAAGX	Gmo Alternative Allo	Pair Corr
0.86	GAAKX	Gmo Alternative Allo	Pair Corr
0.68	GPBFX	Gmo E Plus	Pair Corr
0.35	WARCX	Wells Fargo Advantage	Pair Corr
0.69	VZ	Verizon Communications Aggressive Push	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.58	TRV	The Travelers Companies	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.48	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	HSPGX	FFGRX	HSSCX	FIMPX	SPIIX
HSPGX		1.0	0.75	0.65	0.86	HSPGX
FFGRX	1.0		0.75	0.65	0.86	FFGRX
HSSCX	0.75	0.75		0.6	0.91	HSSCX
FIMPX	0.65	0.65	0.6		0.64	FIMPX
SPIIX	0.86	0.86	0.91	0.64		SPIIX
	HSPGX	FFGRX	HSSCX	FIMPX	SPIIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HSPGX	1.21	(0.13)	(0.20)	1.94	(3.34)	6.56
FFGRX	1.21	(0.13)	(0.20)	1.91	(3.29)	6.60
HSSCX	1.02	(0.07)	1.45	1.98	(2.61)	6.39
FIMPX	1.12	(0.27)	1.55	1.86	(3.49)	6.07
SPIIX	0.80	(0.08)	0.66	1.27	(1.70)	4.52

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