Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Portfolio
MGEMX Fund  USD 24.74  0.05  0.20%   
The current 90-days correlation between Emerging Markets Por and Ab Value Fund is 0.02 (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 Portfolio and DJI is -0.01 (i.e., Good 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 Correlation Analysis 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

  0.87TEMUX Emerging Markets EquityPairCorr
  0.79DINDX Global Fixed IncomePairCorr
  0.77DINCX Global Fixed IncomePairCorr
  0.79DINAX Global Fixed IncomePairCorr
  0.61MLMAX Global E PortfolioPairCorr
  0.61MLMCX Global E PortfolioPairCorr
  0.82MLMIX Global E PortfolioPairCorr
  0.61MLMSX Global E PortfolioPairCorr
  0.98MMCGX Mid Cap GrowthPairCorr
  1.0MMKBX Emerging Markets PorPairCorr
  1.0MMMPX Msif Emerging MarketsPairCorr
  0.95MNOPX International OpportunityPairCorr
  0.97MPAIX Advantage Portfolio ClassPairCorr
  0.62MPBAX Global StrategistPairCorr
  0.84MPEGX Mid Cap GrowthPairCorr
  0.85MRHYX Msift High YieldPairCorr
  0.61MADSX Msif Advantage PortPairCorr
  0.98MACGX Mid Cap GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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