Vaneck Emerging Correlations

Mutual Funds . USA . 
Fund . Vaneck Emerging Markets
EMRZX Fund  USD 16.55  0.04  0.24%   
The current 90-days correlation between Vaneck Emerging Markets and Wells Fargo Emerging is 0.91 (i.e., Almost no diversification). The correlation of Vaneck 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.

Vaneck Emerging Correlation With Market

Very weak diversification

The correlation between Vaneck Emerging Markets and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vaneck 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 Vaneck 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 nation.

Moving together with Vaneck Mutual Fund

  0.94EMBAX Unconstrained EmergingPairCorr
  0.94EMBYX Unconstrained EmergingPairCorr
  0.94EMBUX Unconstrained EmergingPairCorr
  1.0EMRIX Emerging MarketsPairCorr
  1.0EMRYX Emerging MarketsPairCorr
  0.89GHAIX Global Hard AssetsPairCorr
  0.89GHAYX Global Hard AssetsPairCorr
  0.89GHAAX Global Hard AssetsPairCorr
  0.66CMCAX Cm Modity IndexPairCorr
  0.66CMCYX Cm Modity IndexPairCorr
  0.66COMIX Cm Modity IndexPairCorr
  0.97MWMIX Vaneck Morningstar WidePairCorr
  0.97MWMZX Vaneck Morningstar WidePairCorr
  1.0GBFAX Emerging MarketsPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  1.0ODVYX Oppenheimer DevelopingPairCorr
  0.98ASG Liberty All StarPairCorr
  0.94IIF Morgan Stanley IndiaPairCorr
  0.98CII Blackrock EnhancedPairCorr
  0.84IFN India ClosedPairCorr
  0.97ETV Eaton Vance TaxPairCorr
  0.91CLM Cornerstone StrategicPairCorr
  0.9CRF Cornerstone StrategicPairCorr
  0.96USA Liberty All StarPairCorr
  0.98ETY Eaton Vance TaxPairCorr
  0.96NFJ Virtus Dividend InterestPairCorr
  0.95RGCYX Global OpportunisticPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Vaneck Mutual Fund performing well and Vaneck 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 Vaneck 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
EMGAX  0.52  0.21  0.22  0.64  0.00 
(0.62)
 1.79 
(0.93)
 3.58 
GTDDX  0.51  0.14  0.08  0.49  0.52 
(0.59)
 1.31 
(1.12)
 4.53 
EMBAX  0.21  0.11 (0.10) 9.69  0.00 
(0.32)
 0.39 
(0.19)
 1.10 
EMBYX  0.21  0.10 (0.12) 3.36  0.00 
(0.33)
 0.39 
(0.19)
 1.09 
EMBUX  0.21  0.12 (0.06) 7.56  0.00 
(0.34)
 0.55 
(0.19)
 1.16 
EMRIX  0.61  0.20  0.18  0.52  0.18 
(0.76)
 1.93 
(1.15)
 4.20 
EMRZX  0.61  0.20  0.18  0.52  0.17 
(0.75)
 1.93 
(1.15)
 4.19 
EMRYX  0.61  0.20  0.18  0.53  0.08 
(0.75)
 1.87 
(1.14)
 4.21 
INIVX  1.57  0.21 (0.02)(0.07) 2.18 
(1.52)
 3.31 
(3.48)
 12.49 
INIYX  1.56  0.21 (0.02)(0.07) 2.28 
(1.52)
 3.34 
(3.54)
 12.46 

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