Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
EMRIX Fund  USD 17.84  0.12  0.68%   
The current 90-days correlation between Emerging Markets and Tax Managed Large Cap is 0.04 (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

Average diversification

The correlation between Emerging Markets Fund and DJI is 0.1 (i.e., Average 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 Investing Opportunities 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 signals in gross domestic product.

Moving together with Emerging Mutual Fund

  1.0EMRZX Vaneck Emerging MarketsPairCorr
  1.0EMRYX Emerging MarketsPairCorr
  0.63CMCYX Cm Modity IndexPairCorr
  0.74GBFAX Emerging MarketsPairCorr
  0.72VEMAX Vanguard Emerging MarketsPairCorr
  0.72VEIEX Vanguard Emerging MarketsPairCorr
  0.73VEMIX Vanguard Emerging MarketsPairCorr
  0.73VEMRX Vanguard Emerging MarketsPairCorr
  0.65NEWFX New World FundPairCorr
  0.73NWFFX New World FundPairCorr
  0.74NEWCX New World FundPairCorr
  0.72FWWNX American Funds NewPairCorr
  0.72FNFWX American Funds NewPairCorr
  0.61HASIX Horizon Active AssetPairCorr
  0.7HGLB Highland Global AlloPairCorr
  0.66LIPKX Blackrock Lifepath IdxPairCorr
  0.67VFINX Vanguard 500 IndexPairCorr

Related Correlations Analysis


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.

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