Emerging Markets Correlations

GBFAX Fund

USD 16.73 0.12 0.72%

The current 90-days correlation between Emerging Markets and John Hancock High is 0.06 (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

Significant diversification

The correlation between Emerging Markets Fund and DJI is 0.09 (i.e., Significant 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 Risk vs Return Analysis 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 nation.

Moving together with Emerging Mutual Fund

0.8	EMBYX	Unconstrained Emerging	Pair Corr
0.95	EMRIX	Emerging Markets	Pair Corr
1.0	EMRZX	Vaneck Emerging Markets	Pair Corr
0.95	EMRYX	Emerging Markets	Pair Corr
0.61	INIVX	International Investors	Pair Corr
0.72	GHAIX	Global Hard Assets	Pair Corr
0.63	GHAYX	Global Hard Assets	Pair Corr
0.71	GHAAX	Global Hard Assets	Pair Corr
0.66	CMCAX	Cm Modity Index	Pair Corr
0.71	CMCYX	Cm Modity Index	Pair Corr
0.71	COMIX	Cm Modity Index	Pair Corr
0.67	MWMIX	Vaneck Morningstar Wide	Pair Corr
0.67	MWMZX	Vaneck Morningstar Wide	Pair Corr
0.97	VEMAX	Vanguard Emerging Markets	Pair Corr
0.91	VEIEX	Vanguard Emerging Markets	Pair Corr
0.97	VEMIX	Vanguard Emerging Markets	Pair Corr
0.91	VEMRX	Vanguard Emerging Markets	Pair Corr
0.99	FWWNX	American Funds New	Pair Corr
0.94	FNFWX	American Funds New	Pair Corr
0.99	NEWFX	New World Fund	Pair Corr
0.94	NWFFX	New World Fund	Pair Corr
0.94	NEWCX	New World Fund	Pair Corr
0.92	ODVYX	Oppenheimer Developing	Pair Corr
0.78	FTCAX	Templeton Strained Bond	Pair Corr
0.96	FFFEX	Fidelity Freedom 2030	Pair Corr
0.91	AIMCX	Diversified Municipal	Pair Corr
0.78	JCPUX	Jpmorgan E Plus	Pair Corr
0.85	CHMCX	Columbia High Yield	Pair Corr

Moving against Emerging Mutual Fund

0.97	USPIX	Profunds Ultrashort	Pair Corr
0.91	USPSX	Profunds Ultrashort	Pair Corr
0.73	TCTGX	Transamerica Cleartrack	Pair Corr
0.73	TDKTX	Cleartrack 2015 Class	Pair Corr
0.73	TCTJX	Transamerica Cleartrack	Pair Corr
0.73	TCSUX	Cleartrack 2020 Class	Pair Corr
0.53	PDI	Pimco Dynamic Income	Pair Corr

Related Correlations Analysis

	JCTFX	DIHRX	AGTFX	CAYCX	AHYMX	FCQAX	AQRRX	CABIX
JCTFX		0.79	0.83	0.99	0.89	1.0	0.9	0.89	JCTFX
DIHRX	0.79		0.92	0.79	0.63	0.78	0.9	0.94	DIHRX
AGTFX	0.83	0.92		0.81	0.66	0.81	0.93	0.96	AGTFX
CAYCX	0.99	0.79	0.81		0.9	0.99	0.91	0.9	CAYCX
AHYMX	0.89	0.63	0.66	0.9		0.9	0.77	0.72	AHYMX
FCQAX	1.0	0.78	0.81	0.99	0.9		0.9	0.89	FCQAX
AQRRX	0.9	0.9	0.93	0.91	0.77	0.9		0.97	AQRRX
CABIX	0.89	0.94	0.96	0.9	0.72	0.89	0.97		CABIX
	JCTFX	DIHRX	AGTFX	CAYCX	AHYMX	FCQAX	AQRRX	CABIX

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
JCTFX	0.17	0.06	0.05	1.13	0.00	(0.29)	0.46	(0.29)	1.21
DIHRX	0.58	0.01	(0.01)	0.07	0.77	(0.56)	1.06	(1.24)	2.94
AGTFX	0.53	0.01	0.01	0.07	0.76	(0.50)	1.13	(1.20)	3.47
CAYCX	0.14	0.07	0.06	3.34	0.00	(0.23)	0.42	(0.21)	0.96
AHYMX	0.13	0.03	(0.21)	4.59	0.00	(0.20)	0.34	(0.11)	0.79
FCQAX	0.13	0.06	0.02	1.40	0.00	(0.24)	0.41	(0.10)	1.06
AQRRX	0.46	0.06	0.06	0.15	0.38	(0.56)	1.07	(0.81)	3.04
CABIX	0.35	0.03	0.00	0.12	0.34	(0.36)	0.71	(0.71)	2.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC