Emerald Insights Correlations
| EFCCX Fund | USD 18.72 0.28 0.05% |
The correlation of Emerald Insights 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 |
Moving together with Emerald Mutual Fund
| 0.86 | FAFGX | American Funds | PairCorr |
| 0.86 | FFAFX | American Funds | PairCorr |
| 0.86 | GFACX | Growth Fund | PairCorr |
| 0.86 | GFAFX | Growth Fund | PairCorr |
| 0.86 | AGTHX | Growth Fund | PairCorr |
| 0.86 | CGFFX | Growth Fund | PairCorr |
| 0.86 | CGFCX | Growth Fund | PairCorr |
| 0.86 | CGFAX | Growth Fund | PairCorr |
| 0.86 | CGFEX | Growth Fund | PairCorr |
| 0.86 | RGAEX | Growth Fund | PairCorr |
| 0.77 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.72 | PYAIX | Payden Absolute Return | PairCorr |
| 0.72 | PYARX | Payden Absolute Return | PairCorr |
| 0.68 | BCAAX | Brandywineglobal C | PairCorr |
| 0.67 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.83 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.7 | HPQ | HP Inc | PairCorr |
| 0.7 | WMT | Walmart Aggressive Push | PairCorr |
| 0.73 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.75 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.64 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.8 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.76 | BAC | Bank of America Aggressive Push | PairCorr |
Moving against Emerald Mutual Fund
| 0.85 | USPSX | Profunds Ultrashort | PairCorr |
| 0.85 | USPIX | Profunds Ultrashort | PairCorr |
| 0.85 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.71 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.7 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.58 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Emerald Mutual Fund performing well and Emerald Insights 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 Insights' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TPYYX | 0.70 | (0.08) | (0.11) | 0.02 | 0.95 | 1.40 | 5.39 | |||
| DHGCX | 0.16 | 0.00 | (0.68) | 0.37 | 0.16 | 0.35 | 0.96 | |||
| GMOZX | 0.13 | 0.01 | (0.53) | 0.18 | 0.00 | 0.28 | 0.72 | |||
| BBINX | 0.12 | 0.01 | (0.42) | (0.05) | 0.13 | 0.29 | 1.07 | |||
| PAMFX | 0.14 | 0.02 | (0.33) | (0.09) | 0.18 | 0.30 | 1.30 | |||
| TFBIX | 0.16 | 0.03 | (0.29) | (0.14) | 0.19 | 0.40 | 1.58 | |||
| TFGXX | 0.03 | 0.01 | 0.00 | (2.04) | 0.00 | 0.00 | 1.01 |