Emerging Markets Correlations
| MMKBX Fund | USD 21.18 0.04 0.19% |
The current 90-days correlation between Emerging Markets Por and Vanguard Emerging Markets is -0.07 (i.e., Good 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
Good diversification
The correlation between Emerging Markets Portfolio and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Portfolio and DJI in the same portfolio, assuming nothing else is changed.
Emerging |
Moving together with Emerging Mutual Fund
| 0.94 | TEMUX | Emerging Markets Equity | PairCorr |
| 0.94 | MMMPX | Msif Emerging Markets | PairCorr |
| 0.75 | MNOPX | International Opportunity | PairCorr |
| 0.7 | MPBAX | Global Strategist | PairCorr |
| 1.0 | MRGEX | Msif Emerging Markets | PairCorr |
| 0.76 | MRJCX | Real Assets Portfolio | PairCorr |
| 0.68 | MRJAX | Real Assets Portfolio | PairCorr |
| 0.75 | MRNPX | Msif International | PairCorr |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VEIEX | 0.74 | (0.03) | (0.09) | 0.04 | 0.86 | 1.55 | 4.60 | |||
| VEMIX | 0.73 | (0.02) | (0.09) | 0.04 | 0.86 | 1.56 | 4.60 | |||
| FNFWX | 0.56 | (0.01) | 0.00 | 0.25 | 0.00 | 1.26 | 3.79 | |||
| NWFFX | 0.56 | (0.07) | 0.00 | (0.05) | 0.00 | 1.26 | 3.78 |