Flaherty Crumrine Correlations

PFO Fund

USD 9.19 0.05 0.55%

The current 90-days correlation between Flaherty Crumrine and Flaherty Crumrine Preferredome is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Flaherty Crumrine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flaherty Crumrine Preferred moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Flaherty Crumrine Correlation With Market

Modest diversification

The correlation between Flaherty Crumrine Preferred and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flaherty Crumrine Preferred 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 Preferred. 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

0.62	AAAMX	American Century One	Pair Corr
0.63	LIGYX	Loomis Sayles Intern	Pair Corr
0.69	PGAIX	Pimco Global Multi	Pair Corr
0.69	HGXVX	Hartford Global Impact	Pair Corr

Related Correlations Analysis

	PFD	FFC	DFP	HPF	HPI	HPS	PDT	HTD	NBH
PFD		0.87	0.76	0.73	0.78	0.88	0.65	0.16	0.73	PFD
FFC	0.87		0.9	0.63	0.76	0.83	0.68	0.19	0.76	FFC
DFP	0.76	0.9		0.62	0.8	0.88	0.8	0.23	0.81	DFP
HPF	0.73	0.63	0.62		0.92	0.66	0.53	0.64	0.3	HPF
HPI	0.78	0.76	0.8	0.92		0.8	0.67	0.47	0.53	HPI
HPS	0.88	0.83	0.88	0.66	0.8		0.69	0.02	0.83	HPS
PDT	0.65	0.68	0.8	0.53	0.67	0.69		0.36	0.72	PDT
HTD	0.16	0.19	0.23	0.64	0.47	0.02	0.36		-0.16	HTD
NBH	0.73	0.76	0.81	0.3	0.53	0.83	0.72	-0.16		NBH
	PFD	FFC	DFP	HPF	HPI	HPS	PDT	HTD	NBH

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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

HPI	+ 0.92	HPF
DFP	+ 0.9	FFC
HPS	+ 0.88	PFD
HPS	+ 0.88	DFP
FFC	+ 0.87	PFD
HPS	+ 0.83	FFC

High negative correlations

NBH

- 0.16

HTD

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
PFD	0.49	(0.03)	(0.20)	(0.02)	0.62	(0.55)	0.98	(1.01)	3.04
FFC	0.47	0.03	(0.13)	0.40	0.61	(0.48)	1.17	(0.99)	3.02
DFP	0.48	0.03	(0.16)	0.30	0.40	(0.60)	0.93	(0.76)	2.28
HPF	0.59	0.06	(0.07)	4.99	0.86	(0.57)	0.97	(1.03)	5.43
HPI	0.73	0.03	(0.10)	0.46	0.89	(0.78)	1.79	(1.54)	5.00
HPS	0.60	(0.04)	0.00	(0.13)	0.00	0.00	1.17	(1.48)	3.29
PDT	0.73	0.02	(0.09)	0.19	0.79	(0.79)	1.41	(1.51)	3.98
HTD	0.60	0.13	0.07	0.55	0.42	(0.71)	1.43	(0.95)	3.57
NBH	0.41	(0.01)	(0.25)	(0.09)	0.47	(0.49)	1.00	(0.72)	2.24

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