Emerging Markets Correlations

DESIX Fund

USD 11.69 0.02 0.17%

The current 90-days correlation between Emerging Markets Sus and Acadian Emerging Markets is 0.92 (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

Average diversification

The correlation between Emerging Markets Sustainabilit and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Sustainabilit 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 Emerging Markets Sustainability. 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 gross domestic product.

Moving together with Emerging Mutual Fund

0.68	DRIHX	Dimensional 2040 Target	Pair Corr
0.7	DUSLX	Dfa Large	Pair Corr
0.84	DEMSX	Emerging Markets Small	Pair Corr
0.65	DEMGX	Emerging Markets Targeted	Pair Corr

Moving against Emerging Mutual Fund

0.46	DMNBX	Dfa Mn Municipal	Pair Corr
0.35	DNYMX	Dfa Ny Municipal	Pair Corr
0.45	DCARX	Dfa California Municipal	Pair Corr
0.38	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.34	DFABX	Dfa Investment Dimensions	Pair Corr

Related Correlations Analysis

	AEMZX	AEMGX	DILRX	HFMDX	GINDX	EPLPX	MPEGX	MACGX	ETADX	ARCVX
AEMZX		1.0	0.45	0.31	0.44	-0.06	0.26	0.26	0.48	0.34	AEMZX
AEMGX	1.0		0.45	0.31	0.44	-0.06	0.27	0.26	0.48	0.33	AEMGX
DILRX	0.45	0.45		0.67	0.57	0.53	0.34	0.34	0.33	-0.17	DILRX
HFMDX	0.31	0.31	0.67		0.77	0.74	0.13	0.12	0.2	-0.15	HFMDX
GINDX	0.44	0.44	0.57	0.77		0.68	-0.2	-0.2	0.16	0.15	GINDX
EPLPX	-0.06	-0.06	0.53	0.74	0.68		-0.16	-0.16	-0.21	-0.31	EPLPX
MPEGX	0.26	0.27	0.34	0.13	-0.2	-0.16		1.0	0.62	0.08	MPEGX
MACGX	0.26	0.26	0.34	0.12	-0.2	-0.16	1.0		0.62	0.07	MACGX
ETADX	0.48	0.48	0.33	0.2	0.16	-0.21	0.62	0.62		0.51	ETADX
ARCVX	0.34	0.33	-0.17	-0.15	0.15	-0.31	0.08	0.07	0.51		ARCVX
	AEMZX	AEMGX	DILRX	HFMDX	GINDX	EPLPX	MPEGX	MACGX	ETADX	ARCVX

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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

AEMGX	+ 1.0	AEMZX
MACGX	+ 1.0	MPEGX
GINDX	+ 0.77	HFMDX
EPLPX	+ 0.74	HFMDX
EPLPX	+ 0.68	GINDX
HFMDX	+ 0.67	DILRX

High negative correlations

ARCVX	- 0.31	EPLPX
ETADX	- 0.21	EPLPX
MACGX	- 0.2	GINDX
MPEGX	- 0.2	GINDX
ARCVX	- 0.17	DILRX
MACGX	- 0.16	EPLPX

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
AEMZX	0.71	0.01	(0.04)	0.20	0.89	(0.82)	1.28	(1.26)	4.76
AEMGX	0.72	(0.03)	(0.04)	0.03	0.91	(0.81)	1.28	(1.26)	4.76
DILRX	0.64	0.03	0.02	0.09	0.83	(0.63)	1.19	(1.28)	2.92
HFMDX	1.01	(0.03)	(0.01)	0.03	1.46	(0.94)	1.95	(2.48)	5.29
GINDX	0.67	(0.01)	0.00	0.05	1.46	(0.55)	1.41	(1.44)	6.10
EPLPX	0.59	0.09	0.11	0.18	0.44	(0.72)	1.13	(1.00)	6.45
MPEGX	1.53	(0.10)	0.00	(0.70)	0.00	0.00	3.07	(3.49)	8.07
MACGX	1.59	(0.10)	0.00	(3.45)	0.00	0.00	3.09	(3.49)	8.11
ETADX	0.74	(0.12)	0.00	(0.06)	0.00	0.00	1.23	(1.64)	5.21
ARCVX	0.48	(0.14)	0.00	(8.76)	0.00	0.00	0.59	(0.59)	11.82

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