Emerging Markets Correlations

AMKIX Fund

USD 14.77 0.02 0.14%

The current 90-days correlation between Emerging Markets and Templeton Developing Markets is 0.96 (i.e., Almost no diversification). The correlation of Emerging Markets 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.

Emerging Markets Correlation With Market

Good diversification

The correlation between Emerging Markets Fund and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Fund 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 Emerging Markets Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Emerging Mutual Fund

1.0	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
1.0	VEMIX	Vanguard Emerging Markets	Pair Corr
1.0	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
0.99	ODVYX	Oppenheimer Developing	Pair Corr
0.86	SMPSX	Semiconductor Ultrasector	Pair Corr
0.87	SMPIX	Semiconductor Ultrasector	Pair Corr
0.96	FELIX	Fidelity Advisor Sem	Pair Corr
0.97	ONERX	One Rock Fund	Pair Corr
0.96	RYVYX	Nasdaq 100 2x	Pair Corr
0.96	RYVLX	Nasdaq 100 2x	Pair Corr
0.96	FSELX	Fidelity Select Semi	Pair Corr
0.81	AXP	American Express	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.68	WMT	Walmart	Pair Corr
0.75	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr

Moving against Emerging Mutual Fund

0.73	KO	Coca Cola Earnings Call This Week	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.42	CEE	Central Europe Russia	Pair Corr
0.32	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TDMTX	GEMAX	TEDMX	GCMAX	SMBYX	RLITX	LISIX	SEQFX	CSVYX	SGDLX
TDMTX		1.0	1.0	0.64	0.66	0.81	0.81	0.99	0.83	0.95	TDMTX
GEMAX	1.0		1.0	0.67	0.7	0.81	0.81	1.0	0.86	0.95	GEMAX
TEDMX	1.0	1.0		0.64	0.66	0.81	0.81	0.99	0.83	0.95	TEDMX
GCMAX	0.64	0.67	0.64		0.96	0.67	0.67	0.68	0.89	0.61	GCMAX
SMBYX	0.66	0.7	0.66	0.96		0.64	0.64	0.71	0.92	0.64	SMBYX
RLITX	0.81	0.81	0.81	0.67	0.64		1.0	0.83	0.72	0.72	RLITX
LISIX	0.81	0.81	0.81	0.67	0.64	1.0		0.83	0.72	0.72	LISIX
SEQFX	0.99	1.0	0.99	0.68	0.71	0.83	0.83		0.86	0.94	SEQFX
CSVYX	0.83	0.86	0.83	0.89	0.92	0.72	0.72	0.86		0.85	CSVYX
SGDLX	0.95	0.95	0.95	0.61	0.64	0.72	0.72	0.94	0.85		SGDLX
	TDMTX	GEMAX	TEDMX	GCMAX	SMBYX	RLITX	LISIX	SEQFX	CSVYX	SGDLX

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Risk-Adjusted Indicators

There is a big difference between Emerging Mutual Fund performing well and Emerging Markets 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 Emerging Markets' 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
TDMTX	0.68	0.17	0.12	(3.12)	0.78	(0.80)	1.45	(0.90)	5.52
GEMAX	0.66	0.17	0.12	(1.71)	0.73	(0.78)	1.45	(1.10)	5.45
TEDMX	0.67	0.17	0.13	(3.35)	0.75	(0.80)	1.46	(0.87)	5.45
GCMAX	0.59	0.03	(0.03)	(0.17)	0.66	(0.67)	1.52	(1.00)	4.60
SMBYX	0.55	0.04	(0.03)	(0.13)	0.68	(0.58)	1.35	(0.95)	4.29
RLITX	0.55	0.05	(0.02)	(0.18)	0.63	(0.65)	1.35	(1.22)	3.32
LISIX	0.55	0.05	(0.02)	(0.18)	0.63	(0.62)	1.29	(1.20)	3.32
SEQFX	0.61	0.13	0.08	(1.49)	0.69	(0.71)	1.38	(0.83)	4.87
CSVYX	0.94	0.13	0.07	(0.79)	0.93	(1.12)	2.12	(1.62)	7.50
SGDLX	1.42	0.62	0.28	3.02	1.37	(1.61)	3.18	(2.72)	8.85

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