Emerging Markets Correlations

DFEVX Fund

USD 39.91 0.29 0.73%

The current 90-days correlation between Emerging Markets Value and Lazard Emerging Markets is 0.86 (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

Very poor diversification

The correlation between Emerging Markets Value and DJI is 0.81 (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 Value 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 Value. 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 private.

Moving together with Emerging Mutual Fund

0.92	DIHRX	Intal High Relative	Pair Corr
0.82	DISVX	Dfa International Small	Pair Corr
0.82	DSCGX	Dfa Small	Pair Corr
0.66	DURPX	Us High Relative	Pair Corr
0.71	DFELX	Enhanced Large Pany	Pair Corr
0.79	DFFVX	Us Targeted Value	Pair Corr
0.89	DFISX	International Small Pany	Pair Corr
0.83	DFLVX	Us Large Cap	Pair Corr
0.8	DFVEX	Us Vector Equity	Pair Corr
0.69	DFUSX	Us Large Pany	Pair Corr
0.86	DFUKX	United Kingdom Small	Pair Corr
0.85	TDIFX	Dimensional Retirement	Pair Corr
0.95	VEMAX	Vanguard Emerging Markets	Pair Corr
0.95	VEIEX	Vanguard Emerging Markets	Pair Corr
0.95	VEMIX	Vanguard Emerging Markets	Pair Corr
0.95	VEMRX	Vanguard Emerging Markets	Pair Corr
0.92	NEWFX	New World Fund	Pair Corr
0.92	NWFFX	New World Fund	Pair Corr
0.92	NEWCX	New World Fund	Pair Corr
0.92	FWWNX	American Funds New	Pair Corr
0.92	FNFWX	American Funds New	Pair Corr
0.86	SMPIX	Semiconductor Ultrasector	Pair Corr
0.85	SMPSX	Semiconductor Ultrasector	Pair Corr
0.86	UJPIX	Ultrajapan Profund	Pair Corr
0.85	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.83	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.85	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.75	RMQAX	Monthly Rebalance	Pair Corr
0.75	RMQHX	Monthly Rebalance	Pair Corr
0.82	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr
0.83	FGADX	Franklin Gold Precious Steady Growth	Pair Corr
0.62	PEQIX	Pioneer Equity Income	Pair Corr
0.89	SIRZX	Sierra E Retirement	Pair Corr
0.86	RMLVX	Moderate Strategy	Pair Corr
0.77	FGINX	First Investors Growth	Pair Corr

Moving against Emerging Mutual Fund

0.52

ODVYX

Oppenheimer Developing

Pair Corr

Related Correlations Analysis

	DFIVX	DFAPX	DISVX	HIMFX	JMGFX	CBTAX	DFUSX	DFISX	MRSKX	RLEMX
DFIVX		0.27	0.98	0.77	0.29	0.81	0.76	0.96	0.97	0.92	DFIVX
DFAPX	0.27		0.33	0.38	0.45	0.36	0.41	0.43	0.34	0.24	DFAPX
DISVX	0.98	0.33		0.77	0.34	0.82	0.75	0.97	0.99	0.9	DISVX
HIMFX	0.77	0.38	0.77		0.3	0.92	0.59	0.8	0.78	0.85	HIMFX
JMGFX	0.29	0.45	0.34	0.3		0.29	0.74	0.47	0.41	0.34	JMGFX
CBTAX	0.81	0.36	0.82	0.92	0.29		0.57	0.86	0.83	0.9	CBTAX
DFUSX	0.76	0.41	0.75	0.59	0.74	0.57		0.81	0.78	0.71	DFUSX
DFISX	0.96	0.43	0.97	0.8	0.47	0.86	0.81		0.98	0.93	DFISX
MRSKX	0.97	0.34	0.99	0.78	0.41	0.83	0.78	0.98		0.9	MRSKX
RLEMX	0.92	0.24	0.9	0.85	0.34	0.9	0.71	0.93	0.9		RLEMX
	DFIVX	DFAPX	DISVX	HIMFX	JMGFX	CBTAX	DFUSX	DFISX	MRSKX	RLEMX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DFIVX	0.56	0.16	0.18	0.28	0.44	(0.68)	1.22	(1.18)	2.99
DFAPX	0.14	(0.02)	0.00	(0.15)	0.00	0.00	0.30	(0.30)	0.79
DISVX	0.61	0.24	0.34	0.39	0.00	(0.76)	1.34	(1.04)	5.62
HIMFX	0.09	0.00	(0.40)	0.26	0.00	(0.13)	0.20	(0.20)	0.85
JMGFX	0.83	(0.09)	0.00	(0.02)	0.00	0.00	1.41	(1.85)	4.27
CBTAX	0.06	0.00	(0.42)	(0.32)	0.00	(0.11)	0.10	(0.10)	0.51
DFUSX	0.55	(0.01)	(0.03)	0.06	0.76	(0.53)	1.18	(1.17)	3.62
DFISX	0.54	0.12	0.14	0.27	0.42	(0.62)	1.22	(1.05)	2.68
MRSKX	0.52	0.13	0.18	0.31	0.23	(0.64)	1.21	(0.83)	3.83
RLEMX	0.48	0.19	0.25	0.46	0.00	(0.58)	1.25	(0.90)	2.41

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