Flaherty Crumrine Correlations

PFD Fund

USD 11.23 0.02 0.18%

The current 90-days correlation between Flaherty Crumrine and Flaherty Crumrine Preferred is 0.53 (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

Weak diversification

The correlation between Flaherty Crumrine Preferredome and DJI is 0.39 (i.e., 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

0.66	REMVX	Rbc Emerging Markets	Pair Corr
0.7	GCMDX	Goldman Sachs Local	Pair Corr
0.76	PDVAX	Diversified Income	Pair Corr
0.62	ADX	Adams Diversified Equity	Pair Corr
0.69	PQDMX	Prudential Qma Intl	Pair Corr
0.75	LBHIX	Thrivent High Yield	Pair Corr
0.69	USGFX	Us Government Securities	Pair Corr
0.67	JGIAX	Jpmorgan Income	Pair Corr
0.68	MXECX	Great-west Core	Pair Corr
0.68	WARIX	Western Asset Total	Pair Corr
0.76	JHYUX	Jpmorgan High Yield	Pair Corr
0.61	DIEFX	Destinations International	Pair Corr
0.72	HYT	Blackrock Corporate High	Pair Corr
0.64	DLENX	Doubleline Emerging	Pair Corr
0.69	VMPYX	Wells Fargo Advantage	Pair Corr
0.69	TRIEX	Tiaa Cref International	Pair Corr
0.62	RRQPX	American Funds Retirement	Pair Corr
0.67	UASBX	Short Term Bond	Pair Corr
0.65	MFIRX	Ms Global Fixed	Pair Corr
0.68	RRPPX	American Funds Retirement	Pair Corr

Related Correlations Analysis

	PFO	FFC	FLC	PIM	HPF
PFO		0.91	0.9	0.84	0.65	PFO
FFC	0.91		0.96	0.87	0.62	FFC
FLC	0.9	0.96		0.89	0.55	FLC
PIM	0.84	0.87	0.89		0.48	PIM
HPF	0.65	0.62	0.55	0.48		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	0.41	0.06	0.09	0.14	0.53	(0.43)	0.90	(0.90)	2.81
FFC	0.43	0.06	0.13	0.27	0.37	(0.47)	1.08	(0.85)	2.21
FLC	0.39	0.07	0.12	0.22	0.41	(0.41)	0.84	(0.97)	2.07
PIM	0.48	0.07	0.11	0.93	0.41	(0.69)	1.26	(0.93)	2.51
HPF	0.57	(0.02)	0.00	(0.20)	0.00	0.00	1.11	(1.10)	2.24

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Flaherty Crumrine Correlations

Flaherty Crumrine Correlation With Market

Weak diversification

Moving together with Flaherty Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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