Flaherty Crumrine Correlations

PFD Fund

USD 11.23 0.08 0.71%

The current 90-days correlation between Flaherty Crumrine and Flaherty Crumrine Preferred is 0.56 (i.e., Very weak diversification). The correlation of Flaherty Crumrine 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.

Flaherty Crumrine Correlation With Market

Very weak diversification

The correlation between Flaherty Crumrine Preferredome and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flaherty Crumrine Preferredome and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Flaherty Crumrine Preferredome. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Flaherty Fund

0.77	KF	Korea Closed	Pair Corr
0.69	FMY	First Trust Mortgage	Pair Corr
0.65	JOF	Japan Smaller Capita	Pair Corr
0.84	UTF	Cohen And Steers	Pair Corr
0.75	ARBOX	Absolute Convertible	Pair Corr
0.7	DLDFX	Destinations Low Duration	Pair Corr
0.62	VICSX	Vanguard Intermediate-ter	Pair Corr
0.65	PGLSX	Global Multi Strategy	Pair Corr
0.85	HTD	John Hancock Tax	Pair Corr
0.77	SGDLX	Sprott Gold Equity	Pair Corr
0.61	HRBDX	Harbor Bond Fund	Pair Corr
0.79	RXRPX	American Funds Retirement	Pair Corr
0.7	ABNOX	Ab Bond Inflation	Pair Corr
0.72	DBIWX	Dws Global Macro	Pair Corr
0.74	HWACX	Hotchkis Wiley Value	Pair Corr
0.7	BISMX	Brandes International	Pair Corr
0.74	GIOIX	Guggenheim Macro Opp	Pair Corr
0.72	EBSIX	Campbell Systematic Macro	Pair Corr
0.68	EMBAX	Unconstrained Emerging	Pair Corr

Moving against Flaherty Fund

0.4

TWN

Taiwan Closed

Pair Corr

Related Correlations Analysis

	PFO	FFC	FLC	PIM	HPF
PFO		0.92	0.88	0.91	0.74	PFO
FFC	0.92		0.95	0.91	0.82	FFC
FLC	0.88	0.95		0.89	0.88	FLC
PIM	0.91	0.91	0.89		0.8	PIM
HPF	0.74	0.82	0.88	0.8		HPF
	PFO	FFC	FLC	PIM	HPF

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Risk-Adjusted Indicators

There is a big difference between Flaherty Fund performing well and Flaherty Crumrine 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 Flaherty Crumrine'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
PFO	0.40	0.05	0.09	0.20	0.50	(0.42)	0.98	(0.88)	2.82
FFC	0.41	0.07	0.17	0.31	0.28	(0.47)	1.09	(0.64)	2.35
FLC	0.37	0.06	0.14	0.31	0.30	(0.40)	0.90	(0.66)	2.08
PIM	0.44	0.05	0.09	0.64	0.38	(0.62)	0.96	(0.91)	2.51
HPF	0.51	0.07	0.10	0.31	0.56	(0.51)	1.18	(0.87)	2.71

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