Acadian Emerging Correlations

AEMGX Fund  USD 23.47  0.02  0.09%   
The current 90-days correlation between Acadian Emerging Markets and Emerging Europe Fund is -0.11 (i.e., Good diversification). The correlation of Acadian Emerging 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.

Acadian Emerging Correlation With Market

Good diversification

The correlation between Acadian Emerging Markets and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadian Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadian Emerging Markets. 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 price.

Moving together with Acadian Mutual Fund

  1.0AEMZX Acadian Emerging MarketsPairCorr
  1.0AEMVX Acadian Emerging MarketsPairCorr
  0.94VEMAX Vanguard Emerging MarketsPairCorr
  0.93VEIEX Vanguard Emerging MarketsPairCorr
  0.9VEMIX Vanguard Emerging MarketsPairCorr
  0.9VEMRX Vanguard Emerging MarketsPairCorr
  0.87FWWNX American Funds NewPairCorr
  0.87FNFWX American Funds NewPairCorr
  0.79NEWFX New World FundPairCorr
  0.86NWFFX New World FundPairCorr
  0.86NEWCX New World FundPairCorr
  0.84ODVYX Oppenheimer DevelopingPairCorr
  0.67WRAAX Wilmington Global AlphaPairCorr
  0.78PFN Pimco Income StrategyPairCorr
  0.71RSGGX Victory Rs GlobalPairCorr

Moving against Acadian Mutual Fund

  0.45FMFFX Fs Managed FuturesPairCorr
  0.32FSMMX Fs Multi StrategyPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SNEMXDREGX
OAKEXDREGX
SNEMXOAKEX
TREMXOAKEX
  
High negative correlations   
OAKEXEUROX
DREGXEUROX
SNEMXTREMX
TREMXDREGX
TREMXEUROX
SNEMXEUROX

Risk-Adjusted Indicators

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