Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets E
DFCEX Fund  USD 23.38  0.11  0.47%   
The current 90-days correlation between Emerging Markets E and International E Equity is 0.8 (i.e., Very poor 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

Weak diversification

The correlation between Emerging Markets E and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets E 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 E. 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 income.

Moving together with Emerging Mutual Fund

  0.72DIHRX Intal High RelativePairCorr
  0.68DILRX Dfa InternationalPairCorr
  0.67DIPSX Dfa Inflation ProtectedPairCorr
  0.7DISVX Dfa International SmallPairCorr
  0.82DISMX Dfa InternationalPairCorr
  0.69DRIGX Dimensional 2035 TargetPairCorr
  0.72DRIWX Dimensional 2030 TargetPairCorr
  0.72DRIUX Dimensional 2025 TargetPairCorr
  0.7DRIRX Dimensional 2020 TargetPairCorr
  0.79DRXIX Dfa Ltip PortfolioPairCorr
  0.61DSCLX Dfa International SocialPairCorr
  0.96DEMSX Emerging Markets SmallPairCorr
  1.0DESIX Emerging Markets SusPairCorr
  0.61DFAPX Dfa Investment GradePairCorr
  0.66DFALX Large Cap InternationalPairCorr
  0.67DFCSX Continental Small PanyPairCorr
  0.98DFEVX Emerging Markets ValuePairCorr
  0.98DFETX Emerging Markets PorPairCorr
  1.0DFESX Dfa Emerging MarketsPairCorr

Moving against Emerging Mutual Fund

  0.58DMNBX Dfa Mn MunicipalPairCorr
  0.73DFCFX Lwasdfa Two YearPairCorr
  0.72DFFGX Dfa Short TermPairCorr
  0.62DFCMX Dfa Calfrna ShrtPairCorr
  0.74DFIHX Dfa One YearPairCorr
  0.73DFGBX Dfa Five YearPairCorr
  0.72DFGFX Dfa Two YearPairCorr

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   
DISVX
+ 0.99
DFIEX
DFLVX
+ 0.81
DFQTX
DFLVX
+ 0.59
DISVX
DFLVX
+ 0.56
DFIEX
DFQTX
+ 0.44
DFIEX
DFQTX
+ 0.44
DISVX
  
High negative correlations   
DFGBX
- 0.31
DISVX
DFGBX
- 0.28
DFIEX
DFGBX
- 0.27
DFLVX

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.

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