Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Debt
JEMIX Fund  USD 8.23  0.01  0.12%   
The current 90-days correlation between Emerging Markets Debt and Flexible Bond Portfolio is 0.02 (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

Poor diversification

The correlation between Emerging Markets Debt and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Debt 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 Debt. 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 gross domestic product.

Moving together with Emerging Mutual Fund

  0.65FRBAX Regional BankPairCorr
  0.65FRBCX Regional BankPairCorr
  0.75JQLMX Multimanager LifestylePairCorr
  0.75JQLBX Multimanager LifestylePairCorr
  0.75JQLAX Multimanager LifestylePairCorr
  0.72JQLCX Multimanager LifestylePairCorr
  0.75JQLGX Multimanager LifestylePairCorr
  0.65JRBFX Regional BankPairCorr
  0.75JRETX J Hancock IiPairCorr
  0.66JRGRX Regional BankPairCorr
  0.94JRLDX Retirement Living ThroughPairCorr
  0.94JRLFX Multi Index 2010PairCorr
  0.94JRLIX Retirement Living ThroughPairCorr
  0.94JRLHX Retirement Living ThroughPairCorr
  0.93JRLLX Retirement Living ThroughPairCorr
  0.84JRLOX Retirement Living ThroughPairCorr
  0.86JRLQX Retirement Living ThroughPairCorr
  0.87JRLUX Multi Index 2045PairCorr
  0.85JRLWX Retirement Living ThroughPairCorr
  0.73JRLVX Retirement Living ThroughPairCorr
  0.73JRLZX Retirement Living ThroughPairCorr
  0.76JROUX J Hancock IiPairCorr
  0.87JRODX J Hancock IiPairCorr
  0.73JAAFX Jhancock Multi IndexPairCorr
  0.68JAAIX Alternative AssetPairCorr
  0.94JAAKX Jhancock Multi IndexPairCorr
  0.84JRTBX Retirement Living ThroughPairCorr
  0.66JAARX Alternative AssetPairCorr
  0.93JRTFX Retirement Living ThroughPairCorr
  0.82JAASX Alternative AssetPairCorr
  0.74JAAVX Jhancock MultimanagerPairCorr
  0.85JRTKX Retirement Living ThroughPairCorr
  0.71JRTJX Retirement Living ThroughPairCorr
  0.74JAAWX Jhancock MultimanagerPairCorr
  0.83JRTMX Multi Index 2035PairCorr
  0.86JAAZX Jhancock MultimanagerPairCorr
  0.94JRTTX Retirement Living ThroughPairCorr
  0.87JABEX Jhancock MultimanagerPairCorr

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.

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