Emerging Markets Correlations

SNEMX Fund

USD 31.73 0.13 0.41%

The current 90-days correlation between Emerging Markets Por and Ab Global E is -0.01 (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.

Emerging Markets Correlation With Market

Very weak diversification

The correlation between Emerging Markets Portfolio and DJI is 0.57 (i.e., Very weak 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 World Market Map 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

0.97	GCEAX	Ab Global E	Pair Corr
0.99	GCECX	Ab Global E	Pair Corr
0.99	GCEYX	Ab Global E	Pair Corr
0.96	AMTAX	Ab All Market	Pair Corr
0.96	AMTZX	Ab All Market	Pair Corr
0.96	AMTYX	Ab All Market	Pair Corr
0.97	AMTOX	Ab All Market	Pair Corr
0.78	ANAZX	Ab Global Bond	Pair Corr
0.77	ANAYX	Ab Global Bond	Pair Corr
0.74	ANAGX	Ab Global Bond	Pair Corr
0.76	ANAIX	Ab Global Bond	Pair Corr
0.76	ANACX	Ab Global Bond	Pair Corr
0.76	ANBIX	Ab Bond Inflation	Pair Corr
0.92	ANIAX	New York Municipal	Pair Corr
0.92	ANIYX	New York Municipal	Pair Corr
0.88	ANMCX	New York Municipal	Pair Corr
0.97	STEYX	International Strategic	Pair Corr
0.97	STEZX	International Strategic	Pair Corr
0.97	STESX	International Strategic	Pair Corr
0.8	STHAX	Ab Sustainable Thematic	Pair Corr
0.82	STHYX	Ab Sustainable Thematic	Pair Corr
0.96	SCAVX	Ab Small Cap	Pair Corr
0.96	SCCVX	Ab Small Cap	Pair Corr
0.97	SCRSX	Small Cap Core	Pair Corr
0.98	SCRYX	Small Cap Core	Pair Corr
0.97	SCRZX	Small Cap Core	Pair Corr
0.96	SCYVX	Ab Small Cap	Pair Corr
0.98	APGZX	Ab Large Cap	Pair Corr
0.99	APGYX	Ab Large Cap	Pair Corr
0.97	APGAX	Ab Large Cap	Pair Corr
0.98	APGCX	Ab Large Cap	Pair Corr
0.97	SUTAX	Ab Sustainable Thematic	Pair Corr
0.97	SUTCX	Ab Sustainable Thematic	Pair Corr
0.98	SUTZX	Ab Sustainable Thematic	Pair Corr
0.99	APWIX	Ab Servative Wealth	Pair Corr
0.97	CHCLX	Ab Discovery Growth	Pair Corr
0.98	CHCIX	Ab Discovery Growth	Pair Corr
0.97	CHCCX	Ab Discovery Growth	Pair Corr
0.98	CHCYX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX
GCEAX		0.98	0.98	0.96	0.96	0.96	0.95	0.76	0.72	0.71	GCEAX
GCECX	0.98		1.0	0.95	0.95	0.95	0.96	0.77	0.75	0.72	GCECX
GCEYX	0.98	1.0		0.95	0.95	0.95	0.96	0.77	0.75	0.72	GCEYX
AMTAX	0.96	0.95	0.95		1.0	1.0	0.98	0.82	0.8	0.78	AMTAX
AMTZX	0.96	0.95	0.95	1.0		1.0	0.98	0.82	0.8	0.78	AMTZX
AMTYX	0.96	0.95	0.95	1.0	1.0		0.98	0.82	0.8	0.78	AMTYX
AMTOX	0.95	0.96	0.96	0.98	0.98	0.98		0.81	0.81	0.78	AMTOX
ANAZX	0.76	0.77	0.77	0.82	0.82	0.82	0.81		0.95	0.98	ANAZX
ANAYX	0.72	0.75	0.75	0.8	0.8	0.8	0.81	0.95		0.93	ANAYX
ANAGX	0.71	0.72	0.72	0.78	0.78	0.78	0.78	0.98	0.93		ANAGX
	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCEAX	0.59	0.22	0.08	(3.19)	0.47	(0.63)	1.64	(1.29)	4.74
GCECX	0.59	0.09	0.08	0.25	0.51	(0.65)	1.63	(1.33)	4.77
GCEYX	0.59	0.10	0.08	0.26	0.44	(0.65)	1.58	(1.29)	4.74
AMTAX	0.36	0.14	0.00	(3.32)	0.00	(0.44)	1.19	(0.71)	2.17
AMTZX	0.36	0.14	0.00	(2.88)	0.00	(0.43)	1.21	(0.72)	2.21
AMTYX	0.36	0.14	0.00	(2.94)	0.00	(0.45)	1.09	(0.71)	2.25
AMTOX	0.36	0.10	0.00	0.56	0.00	(0.43)	1.19	(0.68)	2.18
ANAZX	0.17	0.02	(0.50)	(0.77)	0.05	(0.24)	0.44	(0.29)	0.88
ANAYX	0.17	0.01	(0.50)	0.36	0.06	(0.21)	0.29	(0.29)	0.87
ANAGX	0.16	0.01	(0.54)	(0.88)	0.08	(0.20)	0.29	(0.29)	0.73

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Emerging Markets Correlations

Emerging Markets Correlation With Market

Very weak diversification

Moving together with Emerging Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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