Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Portfolio
SNEMX Fund  USD 31.41  0.09  0.29%   
The current 90-days correlation between Emerging Markets Por and Shelton Green Alpha is -0.03 (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

Good diversification

The correlation between Emerging Markets Portfolio and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Emerging Markets Portfolio. 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 population.

Moving together with Emerging Mutual Fund

  0.96GCECX Ab Global EPairCorr
  0.96GCEYX Ab Global EPairCorr
  0.96AMTAX Ab All MarketPairCorr
  0.93AMTOX Ab All MarketPairCorr
  0.69ANAZX Ab Global BondPairCorr
  0.68ANAGX Ab Global BondPairCorr
  0.64ANBIX Ab Bond InflationPairCorr
  0.63ANMCX New York MunicipalPairCorr
  0.97STEYX International StrategicPairCorr
  0.94SCAVX Ab Small CapPairCorr
  0.94SCCVX Ab Small CapPairCorr
  0.97SCRYX Small Cap CorePairCorr
  0.95SCYVX Ab Small CapPairCorr
  0.93APGCX Ab Large CapPairCorr
  0.95APWIX Ab Servative WealthPairCorr
  0.94CHCLX Ab Discovery GrowthPairCorr
  0.95CIAGX Ab Centrated InternaPairCorr
  0.96ASCLX Ab Select LongshortPairCorr
  0.96ASLAX Ab Select LongshortPairCorr
  0.97ABAEX Ab Emerging MarketsPairCorr
  0.91ABCSX Ab Discovery ValuePairCorr
  0.91ABCEX Ab Emerging MarketsPairCorr
  0.94IRCSX International Small CapPairCorr
  0.97ABIEX Ab Emerging MarketsPairCorr
  0.71ABNTX Ab Bond InflationPairCorr
  0.7ABNOX Ab Bond InflationPairCorr
  0.64ABNAX Ab Bond InflationPairCorr
  0.64ABNYX Ab Bond InflationPairCorr
  0.7ABNZX Ab Bond InflationPairCorr
  0.98ABPYX Ab Servative WealthPairCorr
  0.95ATEYX Ab Sustainable GlobalPairCorr
  0.87ABVCX Ab Value FundPairCorr
  0.96ABWCX Ab All MarketPairCorr

Related Correlations Analysis

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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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