Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
REMCX Fund  USD 17.02  0.02  0.12%   
The current 90-days correlation between Emerging Markets and International Developed Markets is 0.63 (i.e., Poor 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

Poor diversification

The correlation between Emerging Markets Fund and DJI is 0.6 (i.e., Poor 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 Your Equity Center 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 main economic indicators.

Moving together with Emerging Mutual Fund

  0.95RNTTX International DevelopedPairCorr
  0.87RREAX Global Real EstatePairCorr
  0.87RREYX Global Real EstatePairCorr
  0.87RRESX Global Real EstatePairCorr
  0.86RRSCX Global Real EstatePairCorr
  0.87RRSRX Global Real EstatePairCorr
  0.99RALAX Growth StrategyPairCorr
  0.99RALCX Growth StrategyPairCorr
  0.99RALSX Growth StrategyPairCorr
  0.99RALRX Growth StrategyPairCorr
  0.99RALVX Growth StrategyPairCorr
  0.71RSBRX Strategic BondPairCorr
  0.91RSBTX Short Duration BondPairCorr
  0.91RSBYX Short Duration BondPairCorr
  0.97RSCRX Us Small CapPairCorr
  0.89RSBCX Short Duration BondPairCorr
  0.98RSECX Us Strategic EquityPairCorr
  0.98RSEAX Us Strategic EquityPairCorr
  0.98RSESX Us Strategic EquityPairCorr
  0.91RSDTX Short Duration BondPairCorr
  0.99RAZAX Multi Asset GrowthPairCorr
  0.99RAZCX Multi Asset GrowthPairCorr
  0.98RSQAX Us E EquityPairCorr
  0.9RBCUX Tax Exempt BondPairCorr
  0.99RBLCX Balanced StrategyPairCorr
  0.99RBLAX Balanced StrategyPairCorr
  0.99RBLSX Balanced StrategyPairCorr
  0.99RBLVX Balanced StrategyPairCorr
  0.99RBLRX Balanced StrategyPairCorr
  0.98RTDAX Multifactor EquityPairCorr
  0.98RTDCX Multifactor EquityPairCorr
  0.98RTDYX Select EquityPairCorr
  0.98RTDSX Select EquityPairCorr
  0.98RTDTX Select EquityPairCorr
  0.88RTEAX Tax Exempt BondPairCorr
  0.85RTECX Tax Exempt BondPairCorr
  0.95RTISX Select InternationalPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.51  0.13  0.08  0.43  0.32 
(0.60)
 1.27 
(0.95)
 3.12 
RREAX  0.52  0.04 (0.04) 0.24  0.59 
(0.53)
 1.36 
(1.15)
 3.71 
RREYX  0.52  0.05 (0.04) 0.24  0.58 
(0.52)
 1.34 
(1.17)
 3.68 
RRESX  0.52  0.05 (0.04) 0.24  0.61 
(0.52)
 1.41 
(1.14)
 3.68 
RRSCX  0.52  0.04 (0.04) 0.23  0.63 
(0.52)
 1.36 
(1.14)
 3.70 
RRSRX  0.52  0.05 (0.04) 0.24  0.61 
(0.54)
 1.38 
(1.14)
 3.71 
RALAX  0.46  0.09  0.06  0.26  0.33 
(0.53)
 1.43 
(1.07)
 3.42 
RALCX  0.46  0.08  0.06  0.26  0.35 
(0.51)
 1.46 
(1.08)
 3.46 
RALSX  0.46  0.09  0.06  0.27  0.35 
(0.51)
 1.46 
(1.12)
 3.31 
RALRX  0.46  0.09  0.06  0.27  0.34 
(0.51)
 1.46 
(1.12)
 3.30 

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