Emerging Markets Correlations

Mutual Funds USA . 
Fund . Emerging Markets Equity
GEMZX Fund  USD 11.23  0.01  0.09%   
The current 90-days correlation between Emerging Markets Equity and Tfa Alphagen Growth is 0.53 (i.e., Very weak 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 -0.03 (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 nation.

Moving together with Emerging Mutual Fund

  0.7GCOZX Growth AllocationPairCorr
  0.64GDMYX Defensive Market StrPairCorr
  0.64GDMZX Defensive Market StrPairCorr
  0.66GVEYX Value Equity InstituPairCorr
  0.68GVEZX Value Equity InvestorPairCorr
  0.7GVIYX Guidestone Value EquityPairCorr
  0.88GVIZX Guidestone Value EquityPairCorr
  0.71GEIYX Guidestone Growth EquityPairCorr
  0.72GEIZX Guidestone Growth EquityPairCorr
  0.73GEMYX Emerging Markets EquityPairCorr
  0.71GEQYX Equity Index InstituPairCorr
  0.71GEQZX Equity Index InvestorPairCorr
  0.72GFIZX Conservative AllocationPairCorr
  0.75GGBZX Aggressive AllocationPairCorr
  0.61GGBEX Global Bond FundPairCorr
  0.86GGBFX Global Bond FundPairCorr
  0.71GGEYX Guidestone Fds GrowthPairCorr
  0.71GGEZX Growth Equity InvestorPairCorr
  0.98GGIZX Balanced AllocationPairCorr
  0.74GGRYX Growth AllocationPairCorr
  0.68GLDYX Low Duration BondPairCorr
  0.62GMDYX Medium Duration BondPairCorr
  0.88GMDZX Medium Duration BondPairCorr
  0.85GMBYX Guidestone FundsPairCorr
  0.63GMFZX Mydestination 2045PairCorr
  0.93GMEYX Guidestone Funds ImpactPairCorr
  0.68GMHYX Mydestination 2035PairCorr
  0.69GMHZX Mydestination 2035PairCorr
  0.68GMGYX Mydestination 2055PairCorr
  0.63GMGZX Mydestination 2055PairCorr

Moving against Emerging Mutual Fund

  0.54GFSZX Strategic AlternativesPairCorr
  0.49GFSYX Strategic AlternativesPairCorr

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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