Stone Harbor Correlations

Funds . USA . 
Fund . Stone Harbor Emerging
EDF Fund  USD 5.02  0.05  1.01%   
The current 90-days correlation between Stone Harbor Emerging and Aberdeen Global IF is 0.15 (i.e., Average diversification). The correlation of Stone Harbor 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.

Stone Harbor Correlation With Market

Average diversification

The correlation between Stone Harbor Emerging and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stone Harbor Emerging 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 Stone Harbor Emerging. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Stone Fund

  0.83LIIAX Columbia Porate IncomePairCorr
  0.9SRINX Columbia Porate IncomePairCorr
  0.89WRHIX Ivy High IncomePairCorr
  0.81WHIAX Ivy High IncomePairCorr
  0.91IHIFX Ivy High IncomePairCorr
  0.9IVHIX Ivy High IncomePairCorr
  0.74FIVFX Fidelity InternationalPairCorr
  0.78IEYAX Ivy Energy FundPairCorr
  0.86GBOAX Jpmorgan Global BondPairCorr
  0.81FSRFX Transportation PortfolioPairCorr
  0.92VWENX Vanguard WellingtonPairCorr
  0.8ALCEX Avantis Large CapPairCorr
  0.91VGRLX Vanguard Global ExPairCorr
  0.85HRLTX Hartford GlobalPairCorr
  0.77QLEIX Aqr Long ShortPairCorr
  0.86PDIAX Virtus Rampart EnhancedPairCorr
  0.62IOBAX Icon Bond FundPairCorr
  0.61MPIBX Bny Mellon IntermediatePairCorr
  0.69IIBZX Voya Intermediate BondPairCorr
  0.71RSVAX Victory Rs ValuePairCorr
  0.84HBADX Hartford ModeratePairCorr
  0.92DIFGX Mfs Diversified IncomePairCorr
  0.86NPSFX Nuveen Preferred SecPairCorr
  0.91GWPCX American Funds GrowthPairCorr
  0.69FSIGX Fidelity Series InvePairCorr
  0.82SDYAX Simt Dynamic AssetPairCorr
  0.88OTCNX Oppenheimer Cap ApprecPairCorr
  0.92HCMQX Hcm Dividend SectorPairCorr
  0.63STISX Federated StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Stone Fund performing well and Stone Harbor 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 Stone Harbor'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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