Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
EMRIX Fund  USD 16.49  0.04  0.24%   
The current 90-days correlation between Emerging Markets and Qs Global Equity is 0.01 (i.e., Significant 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

Good diversification

The correlation between Emerging Markets Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Fund 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 Fund. 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

  0.93EMBAX Unconstrained EmergingPairCorr
  0.93EMBYX Unconstrained EmergingPairCorr
  0.7EMBUX Unconstrained EmergingPairCorr
  1.0EMRZX Vaneck Emerging MarketsPairCorr
  1.0EMRYX Emerging MarketsPairCorr
  0.69GHAIX Global Hard AssetsPairCorr
  0.69GHAYX Global Hard AssetsPairCorr
  0.88GHAAX Global Hard AssetsPairCorr
  0.64CMCAX Cm Modity IndexPairCorr
  0.64CMCYX Cm Modity IndexPairCorr
  0.64COMIX Cm Modity IndexPairCorr
  0.73MWMIX Vaneck Morningstar WidePairCorr
  0.73MWMZX Vaneck Morningstar WidePairCorr
  1.0GBFAX Emerging MarketsPairCorr
  0.71VEMAX Vanguard Emerging MarketsPairCorr
  0.71VEIEX Vanguard Emerging MarketsPairCorr
  0.71VEMIX Vanguard Emerging MarketsPairCorr
  0.71VEMRX Vanguard Emerging MarketsPairCorr
  0.72FWWNX American Funds NewPairCorr
  0.72FNFWX American Funds NewPairCorr
  0.72NEWFX New World FundPairCorr
  0.72NWFFX New World FundPairCorr
  0.72NEWCX New World FundPairCorr
  0.69ODVYX Oppenheimer DevelopingPairCorr
  0.73ASG Liberty All StarPairCorr
  0.75CII Blackrock EnhancedPairCorr
  0.73ETV Eaton Vance TaxPairCorr
  0.78CLM Cornerstone StrategicPairCorr
  0.79CRF Cornerstone StrategicPairCorr
  0.73USA Liberty All StarPairCorr
  0.76ETY Eaton Vance TaxPairCorr
  0.75NFJ Virtus Dividend InterestPairCorr
  0.7RGCYX Global OpportunisticPairCorr

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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