Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
REMYX Fund  USD 18.87  0.02  0.11%   
The current 90-days correlation between Emerging Markets and Qs Global Equity is 0.69 (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 manufacturing.

Moving together with Emerging Mutual Fund

  0.94RNTTX 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
  0.98RALAX Growth StrategyPairCorr
  0.97RALCX Growth StrategyPairCorr
  0.98RALSX Growth StrategyPairCorr
  0.98RALRX Growth StrategyPairCorr
  0.98RALVX Growth StrategyPairCorr
  0.71RSBRX Strategic BondPairCorr
  0.92RSBTX Short Duration BondPairCorr
  0.91RSBYX Short Duration BondPairCorr
  0.97RSCRX Us Small CapPairCorr
  0.89RSBCX Short Duration BondPairCorr
  0.97RSECX Us Strategic EquityPairCorr
  0.97RSEAX Us Strategic EquityPairCorr
  0.98RSESX Us Strategic EquityPairCorr
  0.91RSDTX Short Duration BondPairCorr
  0.98RAZAX Multi Asset GrowthPairCorr
  0.99RAZCX Multi Asset GrowthPairCorr
  0.98RSQAX Us E EquityPairCorr
  0.9RBCUX Tax Exempt BondPairCorr
  0.71RSYTX Strategic BondPairCorr
  0.98RBLCX Balanced StrategyPairCorr
  0.98RBLAX Balanced StrategyPairCorr
  0.98RBLSX Balanced StrategyPairCorr
  0.99RBLVX Balanced StrategyPairCorr
  0.99RBLRX Balanced StrategyPairCorr
  0.97RTDAX Multifactor EquityPairCorr
  0.98RTDCX Multifactor EquityPairCorr
  0.97RTDYX Select EquityPairCorr
  0.97RTDSX Select EquityPairCorr
  0.97RTDRX Select EquityPairCorr
  0.97RTDTX Select EquityPairCorr
  0.9RTEAX Tax Exempt BondPairCorr
  0.88RTECX Tax Exempt BondPairCorr

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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