Henderson Emerging Correlations
| HEMAXDelisted Fund | USD 10.43 0.00 0.00% |
The correlation of Henderson 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.
Henderson Emerging Correlation With Market
Poor diversification
The correlation between Henderson Emerging Markets and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Henderson Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Henderson |
Moving together with Henderson Mutual Fund
| 0.72 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.71 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.72 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.72 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.83 | NEWFX | New World Fund | PairCorr |
| 0.84 | NWFFX | New World Fund | PairCorr |
| 0.84 | NEWCX | New World Fund | PairCorr |
| 0.84 | FWWNX | American Funds New | PairCorr |
| 0.84 | FNFWX | American Funds New | PairCorr |
| 0.64 | PDI | Pimco Dynamic Income | PairCorr |
| 0.84 | EMSLX | Shelton Emerging Markets | PairCorr |
| 0.83 | BA | Boeing | PairCorr |
| 0.72 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.68 | INTC | Intel | PairCorr |
| 0.75 | DD | Dupont De Nemours | PairCorr |
| 0.72 | CAT | Caterpillar | PairCorr |
| 0.9 | AA | Alcoa Corp | PairCorr |
| 0.69 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.82 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.8 | WMT | Walmart Common Stock | PairCorr |
Moving against Henderson Mutual Fund
| 0.81 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.8 | TCSUX | Cleartrack 2020 Class | PairCorr |
| 0.8 | CESGX | Coho Relative Value | PairCorr |
| 0.78 | TCTGX | Transamerica Cleartrack | PairCorr |
| 0.78 | TCTJX | Transamerica Cleartrack | PairCorr |
| 0.77 | TDKTX | Cleartrack 2015 Class | PairCorr |
| 0.71 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.87 | HPQ | HP Inc Aggressive Push | PairCorr |
| 0.43 | IBM | International Business | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Henderson Mutual Fund performing well and Henderson 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 Henderson 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GEDTX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MEDRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NSFLX | 1.42 | (0.50) | 0.00 | 1.28 | 0.00 | 1.23 | 47.61 | |||
| FIRUX | 0.24 | (0.05) | 0.00 | (2.04) | 0.00 | 0.47 | 2.28 | |||
| VSSCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUHCX | 1.00 | (0.13) | 0.00 | (0.56) | 0.00 | 1.50 | 10.21 | |||
| CUHAX | 1.01 | (0.13) | 0.00 | (0.55) | 0.00 | 1.50 | 10.02 | |||
| GAINX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XDSCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HOTFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Henderson Emerging Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Henderson Emerging mutual fund to make a market-neutral strategy. Peer analysis of Henderson Emerging could also be used in its relative valuation, which is a method of valuing Henderson Emerging by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Henderson Emerging Markets?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.