Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
REMYX Fund  USD 20.79  0.21  1.00%   
The current 90-days correlation between Emerging Markets and Franklin High Yield is -0.02 (i.e., Good 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

Very weak diversification

The correlation between Emerging Markets Fund and DJI is 0.55 (i.e., Very weak 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 Your Equity Center 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 private.

Moving together with Emerging Mutual Fund

  0.75RNTTX International DevelopedPairCorr
  0.79RALAX Growth StrategyPairCorr
  0.78RALCX Growth StrategyPairCorr
  0.64RALSX Growth StrategyPairCorr
  0.82RALRX Growth StrategyPairCorr
  0.79RALVX Growth StrategyPairCorr
  0.79RSECX Us Strategic EquityPairCorr
  0.76RSEAX Us Strategic EquityPairCorr
  0.8RSESX Us Strategic EquityPairCorr
  0.83RAZAX Multi Asset GrowthPairCorr
  0.81RAZCX Multi Asset GrowthPairCorr
  0.62RBCUX Tax Exempt BondPairCorr
  0.79RBLCX Balanced StrategyPairCorr
  0.79RBLAX Balanced StrategyPairCorr
  0.78RBLSX Balanced StrategyPairCorr
  0.61RBLVX Balanced StrategyPairCorr
  0.79RBLRX Balanced StrategyPairCorr
  0.81RTDAX Multifactor EquityPairCorr
  0.76RTDCX Multifactor EquityPairCorr
  0.77RTDYX Select EquityPairCorr
  0.77RTDSX Select EquityPairCorr
  0.81RTDRX Select EquityPairCorr
  0.77RTDTX Select EquityPairCorr
  0.66RTEAX Tax Exempt BondPairCorr
  0.62RTECX Tax Exempt BondPairCorr
  0.63RTHAX Tax Exempt HighPairCorr
  0.62RTHCX Tax Exempt HighPairCorr

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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