Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Targeted
DEMGX Fund  USD 14.50  0.17  1.19%   
The current 90-days correlation between Emerging Markets Targeted and World Core Equity is 0.48 (i.e., Very weak diversification). The correlation of Emerging Markets 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 Markets Correlation With Market

Very poor diversification

The correlation between Emerging Markets Targeted and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Targeted and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerging Markets Targeted. 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 census.

Moving together with Emerging Mutual Fund

  0.97DIHRX Intal High RelativePairCorr
  0.96DILRX Dfa InternationalPairCorr
  0.66DIPSX Dfa Inflation ProtectedPairCorr
  0.94DISVX Dfa International SmallPairCorr
  0.96DISMX Dfa InternationalPairCorr
  0.96DMNBX Dfa Mn MunicipalPairCorr
  0.82DMREX Dfa Municipal RealPairCorr
  0.95DNYMX Dfa Ny MunicipalPairCorr
  0.97DOGMX Dfa Oregon MunicipalPairCorr
  0.91DREIX World Core EquityPairCorr
  0.92DRIIX Dimensional 2045 TargetPairCorr
  0.9DRIHX Dimensional 2040 TargetPairCorr
  0.86DRIGX Dimensional 2035 TargetPairCorr
  0.86DRIWX Dimensional 2030 TargetPairCorr
  0.89DRIUX Dimensional 2025 TargetPairCorr
  0.85DRIRX Dimensional 2020 TargetPairCorr
  0.83DRIQX Dimensional 2015 TargetPairCorr
  0.92DRILX Dimensional 2060 TargetPairCorr
  0.92DRIKX Dimensional 2055 TargetPairCorr
  0.92DRIJX Dimensional 2050 TargetPairCorr
  0.99DAADX Dfa Emerging MarketsPairCorr
  0.9DAABX Dfa SustainabilityPairCorr
  0.96DSCLX Dfa International SocialPairCorr
  0.84DSCGX Dfa SmallPairCorr
  0.71DSFIX Dfa Social FixedPairCorr
  0.94DSHGX Dfa Selectively HedgedPairCorr
  0.97DSSMX Dfa Selective StatePairCorr
  0.8DTCPX Dfa Targeted CreditPairCorr
  0.92DTDRX Dimensional 2065 TargetPairCorr
  0.82DCARX Dfa California MunicipalPairCorr
  0.97DCIBX Dfa Ca IntPairCorr
  0.95DCMSX Dfa Commodity StrategyPairCorr
  0.84DURPX Us High RelativePairCorr
  0.75DUSQX Us Lg CapPairCorr
  0.71DUSLX Dfa LargePairCorr
  1.0DEMSX Emerging Markets SmallPairCorr
  1.0DESIX Emerging Markets SusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Emerging Mutual Fund performing well and Emerging Markets 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 Markets' 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
DIHRX  0.58  0.10  0.11  0.21  0.50 
(0.65)
 1.19 
(1.17)
 3.25 
DILRX  0.64  0.08  0.08  0.18  0.60 
(0.71)
 1.31 
(1.27)
 3.64 
DIPSX  0.13  0.00 (0.37) 0.31  0.08 
(0.17)
 0.27 
(0.27)
 0.63 
DISVX  0.67  0.28  0.33  0.44  0.26 
(0.82)
 1.75 
(1.05)
 7.06 
DISMX  0.61  0.11  0.10  0.24  0.62 
(0.68)
 1.41 
(1.17)
 3.57 
DMNBX  0.03  0.00  0.00  0.34  0.00 
 0.00 
 0.10 
 0.00 
 0.20 
DMREX  0.05  0.01 (0.56) 0.40  0.00 
(0.16)
 0.09 
(0.09)
 1.04 
DNYMX  0.03  0.00  0.00  1.65  0.00 
 0.00 
 0.10 
 0.00 
 0.10 
DOGMX  0.05  0.02  0.00  3.24  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
DREIX  0.57  0.13  0.15  0.25  0.40 
(0.66)
 1.17 
(1.14)
 5.16 

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