Emerging Growth Correlations

Mutual Funds . USA . 
Fund . Emerging Growth Fund
WEMIX Fund  USD 11.50  0.79  6.43%   
The current 90-days correlation between Emerging Growth and Franklin Government Money is 0.04 (i.e., Significant 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

Modest diversification

The correlation between Emerging Growth Fund and DJI is 0.22 (i.e., Modest 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 gross domestic product.

Moving together with Emerging Mutual Fund

  0.9VSGAX Vanguard Small CapPairCorr
  0.9VSGIX Vanguard Small CapPairCorr
  0.9VISGX Vanguard Small CapPairCorr
  0.91VEXPX Vanguard ExplorerPairCorr
  0.91VEXRX Vanguard ExplorerPairCorr
  0.88JGMIX Janus TritonPairCorr
  0.88JGMRX Janus TritonPairCorr
  0.83JGMAX Janus TritonPairCorr
  0.9JGMCX Janus TritonPairCorr
  0.89JGMNX Janus TritonPairCorr
  0.73FSMMX Fs Multi StrategyPairCorr
  0.91BTMPX Ishares Msci EafePairCorr
  0.87BTMKX Blackrock InternationalPairCorr
  0.87MDIIX Blackrock Intern IndexPairCorr
  0.95FDEGX Fidelity Growth StraPairCorr
  0.87DQIYX Dreyfus Equity IncomePairCorr
  0.85PSHAX Short Term FundPairCorr
  0.89RIVKX American Funds InterPairCorr
  0.82CAT CaterpillarPairCorr
  0.88DIS Walt DisneyPairCorr
  0.77MMM 3M Company Sell-off TrendPairCorr
  0.85AXP American ExpressPairCorr
  0.72CVX Chevron CorpPairCorr
  0.92IBM International BusinessPairCorr
  0.66DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.77BA Boeing Earnings Call This WeekPairCorr
  0.69PFE Pfizer IncPairCorr
  0.86GE GE AerospacePairCorr

Moving against Emerging Mutual Fund

  0.42KO Coca ColaPairCorr

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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