Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Equity
GEMYX Fund  USD 11.33  0.05  0.44%   
The current 90-days correlation between Emerging Markets Equity and Investec Emerging Markets 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

Good diversification

The correlation between Emerging Markets Equity and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Equity 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 Equity. 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 interest.

Moving together with Emerging Mutual Fund

  0.96GCOZX Growth AllocationPairCorr
  0.95GDMYX Defensive Market StrPairCorr
  0.95GDMZX Defensive Market StrPairCorr
  0.93GVEYX Value Equity InstituPairCorr
  0.93GVEZX Value Equity InvestorPairCorr
  0.91GVIYX Guidestone Value EquityPairCorr
  0.91GVIZX Guidestone Value EquityPairCorr
  0.94GEIYX Guidestone Growth EquityPairCorr
  0.94GEIZX Guidestone Growth EquityPairCorr
  1.0GEMZX Emerging Markets EquityPairCorr
  0.96GEQYX Equity Index InstituPairCorr
  0.95GEQZX Equity Index InvestorPairCorr
  0.94GFIZX Conservative AllocationPairCorr
  0.96GGBZX Aggressive AllocationPairCorr
  0.82GGBEX Global Bond FundPairCorr
  0.81GGBFX Global Bond FundPairCorr
  0.94GGEYX Guidestone Fds GrowthPairCorr
  0.94GGEZX Growth Equity InvestorPairCorr
  0.95GGIZX Balanced AllocationPairCorr
  0.96GGRYX Growth AllocationPairCorr
  0.75GIEYX International EquityPairCorr
  0.81GIEZX International EquityPairCorr
  0.85GIIYX International EquityPairCorr
  0.85GIIZX Guidestone Funds IntPairCorr
  0.89GLDYX Low Duration BondPairCorr
  0.89GLDZX Low Duration BondPairCorr
  0.87GMDYX Medium Duration BondPairCorr
  0.86GMDZX Medium Duration BondPairCorr
  0.79GMBYX Guidestone FundsPairCorr
  0.78GMBZX Guidestone FundsPairCorr
  0.95GMFZX Mydestination 2045PairCorr
  0.95GMHYX Mydestination 2035PairCorr
  0.95GMHZX Mydestination 2035PairCorr
  0.95GMGYX Mydestination 2055PairCorr
  0.95GMGZX Mydestination 2055PairCorr
  0.94GMTYX Mydestination 2015PairCorr
  0.94GMTZX Mydestination 2015PairCorr

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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