Emerald Growth Correlations

Mutual Funds . USA . 
Fund . Emerald Growth Fund
FFGRX Fund  USD 26.63  0.14  0.52%   
The current 90-days correlation between Emerald Growth and Emerald Growth Fund is 1.0 (i.e., No risk reduction). The correlation of Emerald Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Emerald Growth Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerald Growth Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Emerald Mutual Fund

  0.94FFBFX Emerald Banking AndPairCorr
  1.0FGROX Emerald GrowthPairCorr
  0.96EFCCX Emerald InsightsPairCorr
  0.96EFCAX Emerald InsightsPairCorr
  0.96EFCNX Emerald InsightsPairCorr
  0.96EFCIX Emerald InsightsPairCorr
  1.0HSPGX Emerald GrowthPairCorr
  1.0HSPCX Emerald GrowthPairCorr
  0.94HSSAX Emerald Banking AndPairCorr
  0.94HSSCX Emerald Banking AndPairCorr
  0.94HSSIX Emerald Banking AndPairCorr
  0.97VSGAX Vanguard Small CapPairCorr
  0.97VSGIX Vanguard Small CapPairCorr
  0.97VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.99JGMIX Janus TritonPairCorr
  0.99JGMRX Janus TritonPairCorr
  0.99JGMAX Janus TritonPairCorr
  0.99JGMCX Janus TritonPairCorr
  0.99JGMNX Janus TritonPairCorr
  0.97ASG Liberty All StarPairCorr
  0.93CII Blackrock EnhancedPairCorr
  0.91ETV Eaton Vance TaxPairCorr
  0.89CLM Cornerstone StrategicPairCorr
  0.89CRF Cornerstone StrategicPairCorr
  0.95USA Liberty All StarPairCorr
  0.9ETY Eaton Vance TaxPairCorr
  0.75NFJ Virtus Dividend InterestPairCorr
  0.77PCF Putnam High IncomePairCorr
  0.72FIKAX Fidelity Advisor EnergyPairCorr
  0.96ILESX Fisher InvestmentsPairCorr
  0.71GQLOX Gmo Quality FundPairCorr
  0.86BALFX American BalancedPairCorr
  0.93RGRYX Victory Rs GrowthPairCorr
  0.93WCPSX Mobile TelecommunicatioPairCorr

Moving against Emerald Mutual Fund

  0.33IFN India ClosedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Emerald Mutual Fund performing well and Emerald Growth 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 Growth'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.

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