Cushing Mlp Correlations

SRV Fund

USD 45.37 0.75 1.68%

The current 90-days correlation between Cushing Mlp Total and Stone Harbor Emerging is 0.04 (i.e., Significant diversification). The correlation of Cushing Mlp 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.

Cushing Mlp Correlation With Market

Average diversification

The correlation between Cushing Mlp Total and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cushing Mlp Total and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Cushing Mlp Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cushing Fund

0.63	HD	Home Depot Sell-off Trend	Pair Corr
0.68	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Moving against Cushing Fund

0.44	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.38	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	EDF	VGI	FCO	HIE	MVF	MUI	MQY	NMCO	NRK	CBH
EDF		0.05	-0.36	-0.32	0.38	0.32	0.38	0.48	0.3	-0.5	EDF
VGI	0.05		0.54	-0.16	0.28	0.67	0.23	-0.01	0.22	0.28	VGI
FCO	-0.36	0.54		0.33	-0.18	0.43	-0.15	-0.46	-0.23	0.68	FCO
HIE	-0.32	-0.16	0.33		-0.55	0.2	-0.64	-0.67	-0.52	0.4	HIE
MVF	0.38	0.28	-0.18	-0.55		0.21	0.78	0.86	0.92	-0.54	MVF
MUI	0.32	0.67	0.43	0.2	0.21		0.06	-0.06	0.12	0.13	MUI
MQY	0.38	0.23	-0.15	-0.64	0.78	0.06		0.78	0.67	-0.46	MQY
NMCO	0.48	-0.01	-0.46	-0.67	0.86	-0.06	0.78		0.85	-0.71	NMCO
NRK	0.3	0.22	-0.23	-0.52	0.92	0.12	0.67	0.85		-0.5	NRK
CBH	-0.5	0.28	0.68	0.4	-0.54	0.13	-0.46	-0.71	-0.5		CBH
	EDF	VGI	FCO	HIE	MVF	MUI	MQY	NMCO	NRK	CBH

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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

NRK	+ 0.92	MVF
NMCO	+ 0.86	MVF
NRK	+ 0.85	NMCO
MQY	+ 0.78	MVF
NMCO	+ 0.78	MQY
CBH	+ 0.68	FCO

High negative correlations

CBH	- 0.71	NMCO
NMCO	- 0.67	HIE
MQY	- 0.64	HIE
MVF	- 0.55	HIE
CBH	- 0.54	MVF
NRK	- 0.52	HIE

Risk-Adjusted Indicators

There is a big difference between Cushing Fund performing well and Cushing Mlp 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 Cushing Mlp'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
EDF	0.71	(0.02)	0.00	0.92	0.00	0.00	1.82	(1.93)	4.80
VGI	0.35	0.06	(0.14)	(28.11)	0.20	(0.46)	0.89	(0.63)	2.05
FCO	0.77	0.09	(0.01)	1.09	0.88	(0.88)	1.57	(1.49)	4.97
HIE	0.43	0.11	(0.02)	(0.86)	0.38	(0.50)	1.09	(0.93)	3.07
MVF	0.50	0.00	(0.13)	0.15	0.65	(0.56)	0.95	(1.09)	2.81
MUI	0.31	0.03	(0.11)	0.65	0.47	(0.34)	0.73	(0.64)	3.31
MQY	0.43	0.01	(0.16)	(0.75)	0.58	(0.42)	0.96	(1.07)	2.74
NMCO	0.56	(0.01)	0.00	0.22	0.00	0.00	1.18	(1.35)	3.99
NRK	0.35	0.01	(0.20)	(0.14)	0.46	(0.38)	0.83	(0.91)	2.40
CBH	0.13	0.04	(0.38)	2.76	0.00	(0.18)	0.22	(0.22)	0.78

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