Emerald Banking Correlations

HSSAX Fund

USD 27.28 0.06 0.22%

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

Good diversification

The correlation between Emerald Banking And and DJI is -0.03 (i.e., Good 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 Risk vs Return Analysis 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 nation.

Moving together with Emerald Mutual Fund

0.81	VFAIX	Vanguard Financials Index	Pair Corr
0.95	FIDCX	Financial Industries	Pair Corr
0.95	JFDRX	Financial Industries	Pair Corr
0.63	TFIFX	T Rowe Price	Pair Corr
0.76	RPFGX	Davis Financial	Pair Corr
0.77	DFFCX	Davis Financial	Pair Corr
0.71	LBSAX	Columbia Dividend Income	Pair Corr
0.63	JAAAX	Alternative Asset	Pair Corr

Moving against Emerald Mutual Fund

0.36

SNGYX

Sit Government Securities

Pair Corr

Related Correlations Analysis

	HSSCX	HSSIX	FFBFX	HSPGX	TFSIX
HSSCX		0.92	1.0	0.75	0.0	HSSCX
HSSIX	0.92		0.92	0.76	0.0	HSSIX
FFBFX	1.0	0.92		0.75	0.0	FFBFX
HSPGX	0.75	0.76	0.75		0.0	HSPGX
TFSIX	0.0	0.0	0.0	0.0		TFSIX
	HSSCX	HSSIX	FFBFX	HSPGX	TFSIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FFBFX	+ 1.0	HSSCX
HSSIX	+ 0.92	HSSCX
FFBFX	+ 0.92	HSSIX
HSPGX	+ 0.76	HSSIX
HSPGX	+ 0.75	HSSCX
HSPGX	+ 0.75	FFBFX

High negative correlations

TFSIX	- 0.0	HSPGX
TFSIX	- 0.0	FFBFX
TFSIX	- 0.0	HSSIX
TFSIX	- 0.0	HSSCX

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HSSCX	1.02	(0.07)	1.45	1.98	(2.61)	6.39
HSSIX	1.02	(0.02)	(0.09)	2.65	(2.99)	6.34
FFBFX	1.02	(0.07)	1.45	1.99	(2.56)	6.34
HSPGX	1.21	(0.13)	(0.20)	1.94	(3.34)	6.56
TFSIX	0.00	0.00	0.00	0.00	0.00	0.00

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