Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
GBFAX Fund  USD 13.38  0.09  0.68%   
The current 90-days correlation between Emerging Markets and Global Hard Assets is 0.06 (i.e., Significant 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

Average diversification

The correlation between Emerging Markets Fund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Emerging Markets Fund. 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 nation.

Moving together with Emerging Mutual Fund

  0.96EMBAX Unconstrained EmergingPairCorr
  0.94EMBYX Unconstrained EmergingPairCorr
  0.94EMBUX Unconstrained EmergingPairCorr
  1.0EMRIX Emerging MarketsPairCorr
  0.97EMRCX Emerging MarketsPairCorr
  0.97EMRZX Vaneck Emerging MarketsPairCorr
  1.0EMRYX Emerging MarketsPairCorr
  0.68INIVX International InvestorsPairCorr
  0.81INIYX International InvestorsPairCorr
  0.81INIIX International InvestorsPairCorr
  0.83GHAIX Global Hard AssetsPairCorr
  0.67GHAYX Global Hard AssetsPairCorr
  0.76GHAAX Global Hard AssetsPairCorr
  0.84GHACX Global Hard AssetsPairCorr
  0.78MWMIX Vaneck Morningstar WidePairCorr
  0.78MWMZX Vaneck Morningstar WidePairCorr
  0.68IIGCX International InvestorsPairCorr
  0.66VEMAX Vanguard Emerging MarketsPairCorr
  0.66VEIEX Vanguard Emerging MarketsPairCorr
  0.66VEMIX Vanguard Emerging MarketsPairCorr
  0.66VEMRX Vanguard Emerging MarketsPairCorr
  0.96FWWNX American Funds NewPairCorr
  0.96FNFWX American Funds NewPairCorr
  0.92NEWFX New World FundPairCorr
  0.72NWFFX New World FundPairCorr
  0.96NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr
  0.9IFN India ClosedPairCorr

Moving against Emerging Mutual Fund

  0.74PCGGX Strategic Asset ManaPairCorr
  0.64LPXIX Cohen Steers LowPairCorr
  0.54DBMAX Dreyfusthe Boston PanyPairCorr
  0.49CLM Cornerstone StrategicPairCorr
  0.45ETV Eaton Vance TaxPairCorr
  0.37ETY Eaton Vance TaxPairCorr
  0.32CII Blackrock EnhancedPairCorr
  0.32CRF Cornerstone StrategicPairCorr

Related Correlations Analysis

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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.

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