Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
JEVNX Fund  USD 9.88  0.01  0.10%   
The current 90-days correlation between Emerging Markets and Calvert Developed Market is -0.11 (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.
  
Check out Risk vs Return Analysis 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 board of governors.

Moving together with Emerging Mutual Fund

  0.88FRBAX Regional BankPairCorr
  0.87FRBCX Regional BankPairCorr
  0.98JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  0.96JQLCX Multimanager LifestylePairCorr
  0.81JQLGX Multimanager LifestylePairCorr
  0.88JRBFX Regional BankPairCorr
  0.98JRETX J Hancock IiPairCorr
  0.88JRGRX Regional BankPairCorr
  0.8JRLIX Retirement Living ThroughPairCorr
  0.8JRLHX Retirement Living ThroughPairCorr
  0.8JRLKX Multi Index 2015PairCorr
  0.8JRLLX Retirement Living ThroughPairCorr
  0.81JRLUX Multi Index 2045PairCorr
  0.81JRLWX Retirement Living ThroughPairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.81JROUX J Hancock IiPairCorr
  0.81JAAJX Jhancock Multi IndexPairCorr
  0.81JRTBX Retirement Living ThroughPairCorr
  0.8JRTAX Retirement Living ThroughPairCorr
  0.81JRTGX Retirement Living ThroughPairCorr
  0.81JRTIX Multi Index 2030PairCorr

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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