Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Targeted
DEMGX Fund  USD 13.42  0.19  1.40%   
The current 90-days correlation between Emerging Markets Targeted and Intal High Relative 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 Targeted and DJI is 0.4 (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 Targeted and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerging Markets Targeted. 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 rate.

Moving together with Emerging Mutual Fund

  0.92DIHRX Intal High RelativePairCorr
  0.92DILRX Dfa InternationalPairCorr
  0.84DIPSX Dfa Inflation ProtectedPairCorr
  0.96DISVX Dfa International SmallPairCorr
  0.68DISMX Dfa InternationalPairCorr
  0.93DNYMX Dfa Ny MunicipalPairCorr
  0.92DOGMX Dfa Oregon MunicipalPairCorr
  0.96DREIX World Core EquityPairCorr
  0.95DRIIX Dimensional 2045 TargetPairCorr
  0.94DRIHX Dimensional 2040 TargetPairCorr
  0.92DRIGX Dimensional 2035 TargetPairCorr
  0.92DRIWX Dimensional 2030 TargetPairCorr
  0.91DRIUX Dimensional 2025 TargetPairCorr
  0.92DRIRX Dimensional 2020 TargetPairCorr
  0.92DRIQX Dimensional 2015 TargetPairCorr
  0.95DRILX Dimensional 2060 TargetPairCorr
  0.95DRIKX Dimensional 2055 TargetPairCorr
  0.95DRIJX Dimensional 2050 TargetPairCorr
  0.89DAADX Dfa Emerging MarketsPairCorr
  0.64DAABX Dfa SustainabilityPairCorr
  0.79DRXIX Dfa Ltip PortfolioPairCorr
  0.94DSCLX Dfa International SocialPairCorr
  0.69DSCGX Dfa SmallPairCorr
  0.85DSFIX Dfa Social FixedPairCorr
  0.96DSHGX Dfa Selectively HedgedPairCorr
  0.91DSSMX Dfa Selective StatePairCorr
  0.85DTCPX Dfa Targeted CreditPairCorr
  0.95DTDRX Dimensional 2065 TargetPairCorr
  0.63DCARX Dfa California MunicipalPairCorr
  0.92DCIBX Dfa Ca IntPairCorr
  0.85DCMSX Dfa Commodity StrategyPairCorr
  0.93DURPX Us High RelativePairCorr
  0.94DUSQX Us Lg CapPairCorr
  0.94DUSLX Dfa LargePairCorr
  0.98DEMSX Emerging Markets SmallPairCorr
  0.69DWFIX Dfa World ExPairCorr
  0.98DESIX Emerging Markets SusPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIHRX  0.52  0.01 (0.02) 0.10  0.64 
(0.51)
 0.88 
(0.98)
 3.43 
DILRX  0.56 (0.01)(0.04) 0.08  0.69 
(0.57)
 1.10 
(1.07)
 3.24 
DIPSX  0.17  0.01 (0.36) 0.88  0.09 
(0.20)
 0.36 
(0.27)
 1.25 
DISVX  0.54  0.03  0.00  0.12  0.61 
(0.57)
 1.22 
(1.08)
 4.16 
DISMX  0.53 (0.07)(0.12)(0.01) 0.78 
(0.48)
 0.98 
(1.14)
 3.57 
DMNBX  0.01 (0.01) 0.00 (2.10) 0.00 
 0.00 
 0.10 
 0.00 
 0.20 
DMREX  0.03  0.00 (0.95) 0.00  0.00 
(0.09)
 0.09 
(0.09)
 0.19 
DNYMX  0.02  0.00  0.00 (0.17) 0.00 
 0.00 
 0.10 
 0.00 
 0.20 
DOGMX  0.06  0.02 (0.63) 2.59  0.00 
(0.13)
 0.20 
(0.10)
 0.41 
DREIX  0.44  0.00 (0.01) 0.09  0.52 
(0.46)
 0.97 
(0.66)
 4.24 

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