Emerging Markets Correlations

BGKEX Fund

USD 27.96 0.19 0.68%

The current 90-days correlation between Emerging Markets and Amg Yacktman Fund is 0.09 (i.e., Significant 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

Poor diversification

The correlation between The Emerging Markets and DJI is 0.65 (i.e., 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 manufacturing.

Moving together with Emerging Mutual Fund

0.89	BGEZX	Baillie Gifford Emerging	Pair Corr
0.71	BGEWX	Baillie Gifford Emerging	Pair Corr
0.62	BGEPX	Baillie Gifford Emerging	Pair Corr
0.72	BGELX	Emerging Markets	Pair Corr
0.62	BGEGX	Baillie Gifford Emerging	Pair Corr
0.62	BGEHX	Baillie Gifford Emerging	Pair Corr
0.72	BGEDX	Baillie Gifford Emerging	Pair Corr

Moving against Emerging Mutual Fund

0.58	BSGPX	Eafe Pure	Pair Corr
0.58	BGCWX	Baillie Gifford Eafe	Pair Corr
0.54	BGAKX	Global Alpha	Pair Corr
0.53	BGASX	Global Alpha	Pair Corr
0.53	BGATX	Baillie Gifford Global	Pair Corr
0.52	BGCSX	Eafe Choice	Pair Corr
0.58	BGPKX	Eafe Pure	Pair Corr
0.58	BKGCX	Eafe Choice	Pair Corr
0.42	ODVYX	Oppenheimer Developing	Pair Corr
0.37	BGITX	Baillie Gifford Inte	Pair Corr
0.37	BGIKX	The International Equity	Pair Corr
0.37	BGIFX	Baillie Gifford Inte	Pair Corr
0.36	BGIUX	Baillie Gifford Inte	Pair Corr
0.35	BGIVX	Baillie Gifford Inte	Pair Corr
0.33	BINSX	The International Equity	Pair Corr

Related Correlations Analysis

	YACKX	SWSSX	GAB	SEMVX	HHHSX	OTCNX	MAGWX	MAPTX
YACKX		0.63	0.83	0.59	0.38	0.87	0.72	0.49	YACKX
SWSSX	0.63		0.75	0.5	0.32	0.63	0.78	0.5	SWSSX
GAB	0.83	0.75		0.49	0.22	0.73	0.71	0.33	GAB
SEMVX	0.59	0.5	0.49		0.65	0.63	0.81	0.82	SEMVX
HHHSX	0.38	0.32	0.22	0.65		0.47	0.56	0.62	HHHSX
OTCNX	0.87	0.63	0.73	0.63	0.47		0.73	0.67	OTCNX
MAGWX	0.72	0.78	0.71	0.81	0.56	0.73		0.65	MAGWX
MAPTX	0.49	0.5	0.33	0.82	0.62	0.67	0.65		MAPTX
	YACKX	SWSSX	GAB	SEMVX	HHHSX	OTCNX	MAGWX	MAPTX

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
YACKX	0.67	0.31	0.40	1.08	0.00	(0.89)	1.05	(0.95)	14.17
SWSSX	1.03	(0.01)	0.01	0.08	1.18	(1.11)	1.96	(1.94)	5.52
GAB	0.68	0.02	(0.03)	0.11	0.78	(0.76)	1.55	(1.34)	3.62
SEMVX	0.83	0.07	0.00	0.42	0.99	(0.87)	1.74	(1.44)	4.98
HHHSX	0.73	0.12	0.07	0.52	0.63	(0.84)	1.65	(1.16)	3.91
OTCNX	1.18	0.15	0.10	0.22	1.18	(1.21)	2.42	(2.36)	18.71
MAGWX	0.44	0.01	(0.09)	0.20	0.58	(0.43)	0.89	(0.90)	2.20
MAPTX	0.78	0.01	0.00	0.10	0.91	(0.90)	1.54	(1.28)	4.98

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