Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Portfolio
DFEMX Fund  USD 32.87  0.09  0.27%   
The current 90-days correlation between Emerging Markets Por and International Small Pany is -0.07 (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

Poor diversification

The correlation between Emerging Markets Portfolio and DJI is 0.72 (i.e., Poor 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 Investing Opportunities 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

  0.97DIHRX Intal High RelativePairCorr
  0.95DILRX Dfa InternationalPairCorr
  0.62DIPSX Dfa Inflation ProtectedPairCorr
  0.98DISVX Dfa International SmallPairCorr
  0.98DISMX Dfa InternationalPairCorr
  0.92DMNBX Dfa Mn MunicipalPairCorr
  0.87DMREX Dfa Municipal RealPairCorr
  0.94DNYMX Dfa Ny MunicipalPairCorr
  0.89DOGMX Dfa Oregon MunicipalPairCorr
  0.99DREIX World Core EquityPairCorr
  0.99DRIIX Dimensional 2045 TargetPairCorr
  0.99DRIHX Dimensional 2040 TargetPairCorr
  0.96DRIGX Dimensional 2035 TargetPairCorr
  0.94DRIWX Dimensional 2030 TargetPairCorr
  0.92DRIUX Dimensional 2025 TargetPairCorr
  0.95DRIRX Dimensional 2020 TargetPairCorr
  0.96DRIQX Dimensional 2015 TargetPairCorr
  0.99DRILX Dimensional 2060 TargetPairCorr
  0.99DRIKX Dimensional 2055 TargetPairCorr
  0.99DRIJX Dimensional 2050 TargetPairCorr
  0.98DAADX Dfa Emerging MarketsPairCorr
  0.96DAABX Dfa SustainabilityPairCorr
  0.98DSCLX Dfa International SocialPairCorr
  0.96DSCGX Dfa SmallPairCorr
  0.73DSFIX Dfa Social FixedPairCorr
  0.99DSHGX Dfa Selectively HedgedPairCorr
  0.88DSSMX Dfa Selective StatePairCorr
  0.95DTCPX Dfa Targeted CreditPairCorr
  0.99DTDRX Dimensional 2065 TargetPairCorr
  0.88DCARX Dfa California MunicipalPairCorr
  0.88DCIBX Dfa Ca IntPairCorr
  0.72DCMSX Dfa Commodity StrategyPairCorr
  0.98DURPX Us High RelativePairCorr
  0.97DUSQX Us Lg CapPairCorr
  0.98DUSLX Dfa LargePairCorr
  1.0DEMSX Emerging Markets SmallPairCorr
  0.98DEMGX Emerging Markets TargetedPairCorr
  0.99DESIX Emerging Markets SusPairCorr

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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