Acadian Emerging Correlations

AEMGX Fund

USD 28.08 0.01 0.04%

The current 90-days correlation between Acadian Emerging Markets and Voya Real Estate is 0.19 (i.e., Average diversification). The correlation of Acadian Emerging 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.

Acadian Emerging Correlation With Market

Very weak diversification

The correlation between Acadian Emerging Markets and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadian Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadian Emerging Markets. 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 rate.

Moving together with Acadian Mutual Fund

1.0	AEMZX	Acadian Emerging Markets	Pair Corr
1.0	AEMVX	Acadian Emerging Markets	Pair Corr
0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.99	FWWNX	American Funds New	Pair Corr
0.99	FNFWX	American Funds New	Pair Corr
0.99	NEWFX	New World Fund	Pair Corr
0.99	NWFFX	New World Fund	Pair Corr
0.99	NEWCX	New World Fund	Pair Corr
0.98	ODVYX	Oppenheimer Developing	Pair Corr
0.67	BRUFX	Bruce Fund Bruce	Pair Corr
0.92	SPGSX	State Street Premier	Pair Corr
0.89	KF	Korea Closed	Pair Corr
0.89	PRTAX	T Rowe Price	Pair Corr
0.63	EVIBX	Eaton Vance Income	Pair Corr
0.77	DUTMX	Taxable Municipal Bond	Pair Corr
0.78	PHDCX	High Yield Fund	Pair Corr
0.86	BKMIX	Blackrock Multi Asset	Pair Corr
0.79	GCEBX	Goldman Sachs Clean	Pair Corr
0.95	LEBAX	Blackrock Lifepath Esg	Pair Corr
0.62	JATTX	Janus Triton	Pair Corr
0.93	CLREX	Columbia Balanced	Pair Corr
0.96	EKSCX	Wells Fargo Diversified	Pair Corr
0.92	RBKTX	American Funds 2040	Pair Corr
0.89	JAGIX	Janus Growth And	Pair Corr
0.85	ERH	Allspring Utilities And	Pair Corr
0.87	USCBX	California Bond	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.98	EEMAX	Columbia Emerging Markets	Pair Corr
0.87	WHYIX	Wells Fargo Advantage	Pair Corr
0.7	RGVGX	Us Government Securities	Pair Corr
0.93	SWGRX	Schwab Target 2015	Pair Corr

Related Correlations Analysis

	VREQX	CREMX	TIREX	PHRIX	FSERX	RRRZX	CREYX
VREQX		0.1	0.88	0.92	0.93	0.98	0.95	VREQX
CREMX	0.1		0.32	0.09	-0.07	0.05	0.08	CREMX
TIREX	0.88	0.32		0.94	0.89	0.92	0.94	TIREX
PHRIX	0.92	0.09	0.94		0.97	0.97	0.98	PHRIX
FSERX	0.93	-0.07	0.89	0.97		0.98	0.97	FSERX
RRRZX	0.98	0.05	0.92	0.97	0.98		0.98	RRRZX
CREYX	0.95	0.08	0.94	0.98	0.97	0.98		CREYX
	VREQX	CREMX	TIREX	PHRIX	FSERX	RRRZX	CREYX

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

RRRZX	+ 0.98	VREQX
CREYX	+ 0.98	PHRIX
RRRZX	+ 0.98	FSERX
CREYX	+ 0.98	RRRZX
FSERX	+ 0.97	PHRIX
RRRZX	+ 0.97	PHRIX

High negative correlations

FSERX

- 0.07

CREMX

Risk-Adjusted Indicators

There is a big difference between Acadian Mutual Fund performing well and Acadian Emerging 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 Acadian Emerging'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
VREQX	0.61	(0.02)	(0.06)	0.02	0.79	(0.63)	1.27	(1.27)	3.72
CREMX	0.03	0.01	0.00	(1.71)	0.00	0.00	0.08	0.00	0.72
TIREX	0.57	0.00	(0.04)	0.06	0.77	(0.56)	1.12	(1.32)	3.98
PHRIX	0.59	(0.01)	(0.05)	0.04	0.80	(0.62)	1.29	(1.30)	3.84
FSERX	0.58	(0.03)	(0.07)	0.01	0.75	(0.65)	1.29	(1.20)	3.78
RRRZX	0.58	(0.02)	(0.06)	0.02	0.74	(0.64)	1.23	(1.15)	3.67
CREYX	0.67	(0.01)	(0.05)	0.04	0.84	(0.70)	1.42	(1.33)	4.13

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