Emerging Growth Correlations

Mutual Funds . USA . 
Fund . Emerging Growth Fund
WEMAX Fund  USD 10.08  0.09  0.90%   
The current 90-days correlation between Emerging Growth and Fabwx is 0.77 (i.e., Poor diversification). The correlation of Emerging Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Emerging Growth Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Emerging Growth 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 nation.

Moving together with Emerging Mutual Fund

  0.64SADAX Wells Fargo UltraPairCorr
  0.65SADIX Wells Fargo UltraPairCorr
  0.96EMGYX Wells Fargo EmergingPairCorr
  0.84EMGNX Wells Fargo EmergingPairCorr
  0.64EMGCX Wells Fargo EmergingPairCorr
  0.64EMGAX Wells Fargo EmergingPairCorr
  0.62SSHIX Wells Fargo ShortPairCorr
  0.61SSTHX Wells Fargo ShortPairCorr
  0.83SSTVX Wells Fargo ShortPairCorr
  0.98WSCGX Small Pany GrowthPairCorr
  0.95WSCOX Wells Fargo AdvantagePairCorr
  0.9WSBIX Short Term MunicipalPairCorr
  0.83STAFX Wells Fargo LargePairCorr
  0.64WSGIX Wells Fargo ShortPairCorr
  0.98STDFX Wells Fargo LargePairCorr
  0.77WSIAX Wells Fargo StrategicPairCorr
  0.86WSICX Wells Fargo StrategicPairCorr
  0.87WSINX Wells Fargo StrategicPairCorr
  0.9WSMAX Short Term MunicipalPairCorr
  0.68WSMCX Small Pany GrowthPairCorr
  0.9WSSCX Short Term MunicipalPairCorr
  0.9WSTMX Short Term MunicipalPairCorr
  0.71STOFX Wells Fargo LargePairCorr
  0.83STNFX Wells Fargo LargePairCorr
  0.97STSAX Wells Fargo MonPairCorr
  0.73STRIX Wells Fargo AdvantagePairCorr
  0.65STYAX Wells Fargo IncomePairCorr
  0.62STYIX Wells Fargo ShortPairCorr
  0.97SCNSX Wells Fargo MonPairCorr
  0.97SCSDX Wells Fargo MonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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