Driehaus Emerging Correlations

Mutual Funds . USA . 
Fund . Driehaus Emerging Markets
DREGX Fund  USD 41.74  0.07  0.17%   
The current 90-days correlation between Driehaus Emerging Markets and Driehaus Emerging Markets is 1.0 (i.e., No risk reduction). The correlation of Driehaus 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.

Driehaus Emerging Correlation With Market

Very weak diversification

The correlation between Driehaus Emerging Markets and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Driehaus Emerging Markets 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 Driehaus 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 price.

Moving together with Driehaus Mutual Fund

  1.0DIEMX Driehaus Emerging MarketsPairCorr
  0.99DMAGX Driehaus Multi AssetPairCorr
  0.65DMCRX Driehaus Micro Cap Steady GrowthPairCorr
  0.98DNSMX Driehaus Small CapPairCorr
  0.98DRESX Driehaus Emerging MarketsPairCorr
  0.97DRIOX Driehaus InternationalPairCorr
  0.98DSMDX Driehaus Smallmid CapPairCorr
  0.98DVSMX Driehaus Small CapPairCorr
  0.92DEVDX Driehaus Event DrivenPairCorr
  0.68VEMAX Vanguard Emerging MarketsPairCorr
  0.68VEIEX Vanguard Emerging MarketsPairCorr
  0.68VEMIX Vanguard Emerging MarketsPairCorr
  0.68VEMRX Vanguard Emerging MarketsPairCorr
  0.73FWWNX American Funds NewPairCorr
  0.73FNFWX American Funds NewPairCorr
  0.73NEWFX New World FundPairCorr
  0.73NWFFX New World FundPairCorr
  0.73NEWCX New World FundPairCorr
  0.71ODVYX Oppenheimer DevelopingPairCorr
  0.67CPAYX Columbia Pacific/asiaPairCorr
  0.98MSHLX Growth Portfolio Class Steady GrowthPairCorr
  0.69MSKLX Mid Cap GrowthPairCorr
  0.72CISGX Touchstone Sands CapitalPairCorr
  0.87SMRPX Salient Mlp EnergyPairCorr
  0.94WUSMX Ultra Short TermPairCorr
  0.73CMGIX Blackrock Mid CapPairCorr
  1.0WBEIX William Blair EmergingPairCorr
  0.99MCKIX Mainstay ConservativePairCorr
  0.88ECASX Eaton Vance AtlntcptlPairCorr
  0.97IRCYX International Small CapPairCorr
  0.98QGRCX Oppenheimer Gbl AllocPairCorr
  0.97ESGYX Mirova Global SustainablePairCorr
  0.62RYPRX Royce PremierPairCorr
  0.99DEMGX Emerging Markets TargetedPairCorr
  0.97SIRIX Sierra E RetirementPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Driehaus Mutual Fund performing well and Driehaus 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 Driehaus 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIEMX  0.52  0.19  0.20  0.55  0.00 
(0.67)
 1.80 
(1.19)
 4.00 
DMAGX  0.54  0.21  0.22  0.47  0.00 
(0.66)
 1.72 
(1.01)
 3.21 
DMCRX  1.12  0.49  0.23 (1.35) 0.77 
(1.27)
 2.64 
(1.69)
 5.81 
DNSMX  0.92  0.14  0.12  0.27  0.88 
(1.00)
 2.31 
(1.89)
 5.37 
DRESX  0.54  0.20  0.17  0.70  0.10 
(0.63)
 1.51 
(0.89)
 3.42 
DREGX  0.53  0.19  0.19  0.54  0.00 
(0.67)
 1.81 
(1.20)
 4.03 
DRIOX  0.60  0.27  0.24  0.87  0.00 
(0.71)
 1.56 
(0.90)
 3.99 
DSMDX  0.84  0.15  0.12  0.29  0.78 
(0.95)
 2.31 
(1.33)
 5.32 
DVSMX  0.91  0.14  0.12  0.27  0.88 
(1.00)
 2.31 
(1.93)
 5.38 
DEVDX  0.31  0.02 (0.17) 0.21  0.27 
(0.35)
 0.56 
(0.66)
 1.73 

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