Emerging Economies Correlations

Mutual Funds USA . 
Fund . Emerging Economies Fund
VCGEX Fund  USD 7.15  0.01  0.14%   
The current 90-days correlation between Emerging Economies and Tcw Global Real is -0.02 (i.e., Good diversification). The correlation of Emerging Economies 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 Economies Correlation With Market

Very weak diversification

The correlation between Emerging Economies Fund and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Economies Fund 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 Economies 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 income.

Moving together with Emerging Mutual Fund

  0.97VMIDX Mid Cap IndexPairCorr
  0.98VMSGX Mid Cap StrategicPairCorr
  0.97VAPPX Valic Company IPairCorr
  0.97VSRDX Valic Company IPairCorr
  0.98VSTIX Stock Index FundPairCorr
  0.88VSSVX Small Cap SpecialPairCorr
  0.97VBCVX Broad Cap ValuePairCorr
  0.98VCAAX Asset AllocationPairCorr
  0.7VCBDX Valic Company IPairCorr
  0.98VCBCX Blue Chip GrowthPairCorr
  0.98VCGAX Growth IncomePairCorr
  0.96VCFVX Foreign ValuePairCorr
  0.95VCIEX International EquitiesPairCorr
  0.67VCIFX International GovernmentPairCorr
  0.97VCIGX Valic Company IPairCorr
  0.95VCINX International GrowthPairCorr
  0.98VCNIX Nasdaq 100 IndexPairCorr
  0.99VCSTX Science TechnologyPairCorr
  0.74VCTPX Inflation ProtectedPairCorr
  0.95VCSOX Global Social AwarenessPairCorr
  0.98VCSLX Small Cap IndexPairCorr
  0.98VCULX Growth Fund GrowthPairCorr
  0.98VDAFX Dynamic AllocationPairCorr
  0.97VVMCX Valic Company IPairCorr
  0.98VVSGX Valic Company IPairCorr
  0.95VVSCX Valic Company IPairCorr
  0.97VGCLX Valic Company IPairCorr
  0.99VGLSX Global StrategyPairCorr
  0.87VGREX Global Real EstatePairCorr
  0.97VHYLX Valic Company IPairCorr
  0.97VIOPX Valic Company IPairCorr
  0.97VLAGX Valic Company IPairCorr
  0.98VLCGX Large Capital GrowthPairCorr
  0.98VLSMX Valic Company IPairCorr
  1.0VEMAX Vanguard Emerging MarketsPairCorr
  1.0VEIEX Vanguard Emerging MarketsPairCorr
  1.0VEMIX Vanguard Emerging MarketsPairCorr
  1.0VEMRX Vanguard Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Emerging Mutual Fund performing well and Emerging Economies 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 Economies' 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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