Acadian Emerging Correlations

Mutual Funds . USA . 
Fund . Acadian Emerging Markets
AEMVX Fund  USD 23.33  0.01  0.04%   
The current 90-days correlation between Acadian Emerging Markets and Acadian Emerging Markets is 1.0 (i.e., No risk reduction). 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

Weak diversification

The correlation between Acadian Emerging Markets and DJI is 0.36 (i.e., Weak 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 real.

Moving together with Acadian Mutual Fund

  1.0AEMGX Acadian Emerging MarketsPairCorr
  1.0AEMZX Acadian Emerging MarketsPairCorr
  0.97VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.94FWWNX American Funds NewPairCorr
  0.94FNFWX American Funds NewPairCorr
  0.94NEWFX New World FundPairCorr
  0.94NWFFX New World FundPairCorr
  0.93NEWCX New World FundPairCorr
  0.93ODVYX Oppenheimer DevelopingPairCorr
  0.62LETRX Voya Russia FundPairCorr
  0.63VUSXX Vanguard Treasury MoneyPairCorr
  0.64GUHYX Victory High YieldPairCorr
  0.63NWAQX Nationwide DestinationPairCorr
  0.81GOPIX Aberdeen China OpptyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AEMGX  0.62 (0.06) 0.00 (0.04) 0.00 
 0.00 
 1.22 
(1.39)
 3.90 
AEMZX  0.62 (0.06) 0.00 (0.04) 0.00 
 0.00 
 1.22 
(1.39)
 3.86 
AEMVX  0.62 (0.06) 0.00 (0.04) 0.00 
 0.00 
 1.22 
(1.40)
 3.83 
FIQFX  1.26  0.04 (0.01) 0.22  1.47 
(1.45)
 3.41 
(2.72)
 10.22 
JDCAX  0.68  0.00 (0.02) 0.12  0.89 
(0.66)
 1.40 
(1.76)
 4.63 
USA  0.71  0.05  0.02  0.19  0.67 
(0.83)
 1.62 
(1.55)
 3.71 
VWNEX  0.56 (0.01)(0.05) 0.11  0.42 
(0.67)
 1.10 
(0.94)
 3.76 
VMVFX  0.40 (0.03)(0.17) 0.07  0.41 
(0.44)
 0.68 
(0.79)
 1.90 
VIIIX  0.56  0.00 (0.02) 0.12  0.65 
(0.57)
 1.17 
(1.31)
 3.84 
VEXRX  0.76 (0.02) 0.01  0.11  0.84 
(0.81)
 1.62 
(1.54)
 5.78 

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