Emerging Markets Correlations

Mutual Funds USA . 
Fund . The Emerging Markets
BGELX Fund  USD 22.24  0.23  1.04%   
The current 90-days correlation between Emerging Markets and The Eafe Pure is 0.89 (i.e., Very poor 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

Very poor diversification

The correlation between The Emerging Markets and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The 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 The 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 bureau of economic analysis.

Moving together with Emerging Mutual Fund

  0.97BSGPX Eafe PurePairCorr
  0.95BSGLX Long TermPairCorr
  0.93BTLSX Baillie Gifford IntePairCorr
  0.93BTLKX Baillie Gifford IntePairCorr
  0.97BGAKX Global AlphaPairCorr
  0.62BGALX Baillie Gifford GlobalPairCorr
  0.97BGASX Global AlphaPairCorr
  0.97BGATX Baillie Gifford GlobalPairCorr
  0.95BGCWX Baillie Gifford EafePairCorr
  0.95BGCSX Eafe ChoicePairCorr
  0.96BGCJX Baillie Gifford EafePairCorr
  0.78BGCDX Baillie Gifford ChinaPairCorr
  0.78BGCBX Baillie Gifford ChinaPairCorr
  0.97BGEZX Baillie Gifford EmergingPairCorr
  0.97BGEWX Baillie Gifford EmergingPairCorr
  0.97BGEVX Baillie Gifford EafePairCorr
  0.96BGESX Eafe FundPairCorr
  0.97BGETX Baillie Gifford EafePairCorr
  1.0BGEPX Baillie Gifford EmergingPairCorr
  0.97BGEKX Eafe FundPairCorr
  1.0BGEGX Baillie Gifford EmergingPairCorr
  1.0BGEHX Baillie Gifford EmergingPairCorr
  0.97BGEFX Baillie Gifford EafePairCorr
  1.0BGEDX Baillie Gifford EmergingPairCorr
  0.94BGGSX Equity GrowthPairCorr
  0.94BGGKX Equity GrowthPairCorr
  0.94BGIUX Baillie Gifford IntePairCorr
  0.94BGIVX Baillie Gifford IntePairCorr
  0.94BGITX Baillie Gifford IntePairCorr
  0.94BGIKX The International EquityPairCorr
  0.94BGIFX Baillie Gifford IntePairCorr
  1.0BGKEX Emerging MarketsPairCorr
  0.95BGLTX Baillie GiffordPairCorr
  0.95BGLKX Long TermPairCorr
  0.97BGPKX Eafe PurePairCorr
  0.95BGPFX Baillie Gifford EafePairCorr
  0.9BICKX The International SmallerPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BSGPX  0.87  0.03  0.01  0.11  1.31 
(0.91)
 1.72 
(1.90)
 8.50 
BSGLX  1.43  0.16  0.08  0.19  1.96 
(1.52)
 3.16 
(2.71)
 15.17 
BTLSX  1.31  0.17  0.05 (1.34) 1.70 
(1.39)
 2.78 
(3.03)
 14.31 
BTLKX  1.31  0.16  0.05 (1.36) 1.68 
(1.32)
 2.75 
(2.98)
 14.36 
BGAKX  1.16  0.11  0.06  0.16  1.72 
(1.19)
 2.40 
(2.39)
 13.21 
BGALX  0.85 (0.03) 0.00  0.42  0.00 
 0.00 
 2.40 
(2.43)
 13.18 
BGASX  1.16  0.11  0.06  0.16  1.69 
(1.19)
 2.45 
(2.45)
 13.12 
BGATX  1.15  0.11  0.06  0.16  1.69 
(1.19)
 2.44 
(2.43)
 13.19 
BGCWX  0.89  0.07  0.00 (1.04) 1.38 
(0.89)
 1.77 
(1.77)
 7.85 
BGCSX  0.89  0.07  0.00 (1.04) 1.41 
(0.89)
 1.77 
(1.71)
 7.78 

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