Emerging Markets Correlations

Mutual Funds USA . 
Fund . Emerging Markets Sustainability
DESIX Fund  USD 10.91  0.07  0.65%   
The current 90-days correlation between Emerging Markets Sus and Prudential High Yield 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

Poor diversification

The correlation between Emerging Markets Sustainabilit and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Sustainabilit 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 Sustainability. 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 gross domestic product.

Moving together with Emerging Mutual Fund

  0.96DIHRX Intal High RelativePairCorr
  0.96DILRX Dfa InternationalPairCorr
  0.97DISVX Dfa International SmallPairCorr
  0.97DISMX Dfa InternationalPairCorr
  0.9DMNBX Dfa Mn MunicipalPairCorr
  0.77DMREX Dfa Municipal RealPairCorr
  0.92DNYMX Dfa Ny MunicipalPairCorr
  0.74DOGMX Dfa Oregon MunicipalPairCorr
  0.99DREIX World Core EquityPairCorr
  0.98DRIIX Dimensional 2045 TargetPairCorr
  0.98DRIHX Dimensional 2040 TargetPairCorr
  0.95DRIGX Dimensional 2035 TargetPairCorr
  0.92DRIWX Dimensional 2030 TargetPairCorr
  0.88DRIUX Dimensional 2025 TargetPairCorr
  0.92DRIRX Dimensional 2020 TargetPairCorr
  0.95DRIQX Dimensional 2015 TargetPairCorr
  0.98DRILX Dimensional 2060 TargetPairCorr
  0.98DRIKX Dimensional 2055 TargetPairCorr
  0.98DRIJX Dimensional 2050 TargetPairCorr
  1.0DAADX Dfa Emerging MarketsPairCorr
  0.94DAABX Dfa SustainabilityPairCorr
  0.97DSCLX Dfa International SocialPairCorr
  0.95DSCGX Dfa SmallPairCorr
  0.99DSHGX Dfa Selectively HedgedPairCorr
  0.7DSSMX Dfa Selective StatePairCorr
  0.96DTCPX Dfa Targeted CreditPairCorr
  0.98DTDRX Dimensional 2065 TargetPairCorr
  0.82DCARX Dfa California MunicipalPairCorr
  0.65DCIBX Dfa Ca IntPairCorr
  0.97DURPX Us High RelativePairCorr
  0.97DUSQX Us Lg CapPairCorr
  0.97DUSLX Dfa LargePairCorr
  1.0DEMSX Emerging Markets SmallPairCorr
  1.0DEMGX Emerging Markets TargetedPairCorr
  0.64DWFIX Dfa World ExPairCorr

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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