Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
UIEMX Fund  USD 24.35  0.37  1.54%   
The current 90-days correlation between Emerging Markets and Tax Managed Large Cap is 0.61 (i.e., Poor 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 World Market Map 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 bureau of economic analysis.

Moving together with Emerging Mutual Fund

  0.95UICGX Capital GrowthPairCorr
  0.94UIHIX High Income FundPairCorr
  0.88UIIFX International FundPairCorr
  0.97UIGIX Growth IncomePairCorr
  0.85UIGSX Government SecuritiesPairCorr
  0.97UIGRX Growth Fund GrowthPairCorr
  0.86UIINX Income Fund IncomePairCorr
  0.92UIISX Income StockPairCorr
  0.82UIITX Intermediate Term BondPairCorr
  0.86UISBX Short Term BondPairCorr
  0.94UISCX Small Cap StockPairCorr
  0.92UIVAX Value Fund ValuePairCorr
  0.98UIWGX World GrowthPairCorr
  0.82URIBX Intermediate Term BondPairCorr
  0.86URIFX Income Fund IncomePairCorr
  0.83URGSX Government SecuritiesPairCorr
  0.94URHIX High Income FundPairCorr
  0.97URNQX Nasdaq 100 IndexPairCorr
  0.85URSBX Short Term BondPairCorr
  0.89URUSX Ultra Short TermPairCorr
  0.97USPRX Sp 500 IndexPairCorr
  0.88UTMAX Target Managed AllocationPairCorr
  0.89UUSIX Ultra Short TermPairCorr
  0.94UGOFX Global Managed VolatilityPairCorr
  0.95UIAGX Aggressive GrowthPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX Vanguard Emerging MarketsPairCorr
  0.98VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.95NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.87FSMMX Fs Multi StrategyPairCorr
  0.78BTMPX Ishares Msci EafePairCorr
  0.8BTMKX Blackrock InternationalPairCorr

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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