Vanguard Emerging Correlations

Mutual Funds . USA . 
Fund . Vanguard Emerging Markets
VMMSX Fund  USD 23.74  0.06  0.25%   
The current 90-days correlation between Vanguard Emerging Markets and Ab Global Risk is 0.83 (i.e., Very poor diversification). The correlation of Vanguard Emerging 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.

Vanguard Emerging Correlation With Market

Very poor diversification

The correlation between Vanguard Emerging Markets and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging Markets 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 Vanguard Emerging Markets. 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 state.

Moving together with Vanguard Mutual Fund

  0.93VMIAX Vanguard Materials IndexPairCorr
  0.66VMLUX Vanguard Limited TermPairCorr
  0.64VMLTX Vanguard Limited TermPairCorr
  0.91VMNVX Vanguard Global MinimumPairCorr
  0.89VMSIX Vanguard Multi SectorPairCorr
  0.94VMVAX Vanguard Mid CapPairCorr
  0.94VMVIX Vanguard Mid CapPairCorr
  0.91VMVFX Vanguard Global MinimumPairCorr
  0.82VMVLX Vanguard Mega CapPairCorr
  0.92VPADX Vanguard Pacific StockPairCorr
  0.92VPACX Vanguard Pacific StockPairCorr
  0.94VPCCX Vanguard PrimecapPairCorr
  0.92VPKIX Vanguard Pacific StockPairCorr
  0.91VPMCX Vanguard PrimecapPairCorr
  0.91VPMAX Vanguard PrimecapPairCorr
  0.95NAESX Vanguard Small CapPairCorr
  0.94VQNPX Vanguard Growth AndPairCorr
  0.77VRTPX Vanguard Reit IiPairCorr
  0.9VADGX Vanguard Advice SelectPairCorr
  0.97VAGVX Vanguard Advice SelectPairCorr
  0.89VAIGX Vanguard Advice SelectPairCorr
  0.95VSCIX Vanguard Small CapPairCorr
  0.95VSCGX Vanguard LifestrategyPairCorr
  0.95VSCPX Vanguard Small CapPairCorr
  0.96VSEMX Vanguard Extended MarketPairCorr
  0.96VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Emerging 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 Vanguard Emerging's 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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