International Emerging Correlations

Mutual Funds . USA . 
Fund . International Emerging Markets
PIIMX Fund  USD 37.18  0.72  1.90%   
The current 90-days correlation between International Emerging and Live Oak Health is 0.18 (i.e., Average diversification). The correlation of International 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.

International Emerging Correlation With Market

Very poor diversification

The correlation between International Emerging Markets and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in International Emerging Markets. 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 state.

Moving together with International Mutual Fund

  0.89SABPX Strategic Asset ManaPairCorr
  0.89SACAX Strategic Asset ManaPairCorr
  0.89SAGPX Strategic Asset ManaPairCorr
  0.93PFIJX Strategic Asset ManaPairCorr
  0.95PFIEX International EquityPairCorr
  0.93PFIFX Strategic Asset ManaPairCorr
  0.92PFISX International Small PanyPairCorr
  0.93PFIPX Strategic Asset ManaPairCorr
  0.9SAIPX Strategic Asset ManaPairCorr
  0.89PFLJX Principal Lifetime 2050PairCorr
  0.93SAUPX Strategic Asset ManaPairCorr
  0.9PFUMX Finisterre UnconstrainedPairCorr
  0.71PGBEX Blue Chip FundPairCorr
  0.71PGBGX Blue Chip FundPairCorr
  0.72PGBHX Blue Chip FundPairCorr
  0.93PGDRX Diversified Real AssetPairCorr
  0.89PGLSX Global Multi StrategyPairCorr
  0.76STCCX Short Term IncomePairCorr
  0.89PGRTX Smallcap GrowthPairCorr
  0.7PGRUX Global Real EstatePairCorr
  0.73PGSLX Principal Global SusPairCorr
  0.69PGRKX Global Real EstatePairCorr
  0.88SCBPX Strategic Asset ManaPairCorr
  0.88SCIPX Strategic Asset ManaPairCorr
  0.87SCGPX Strategic Asset ManaPairCorr
  0.93PHJEX Principal Lifetime HybridPairCorr
  0.92PHJFX Principal Lifetime HybridPairCorr
  0.93PHJGX Principal Lifetime HybridPairCorr
  0.93PHJBX Principal Lifetime HybridPairCorr
  0.93PHJDX Principal Lifetime HybridPairCorr
  0.92PHJNX Principal Lifetime HybridPairCorr
  0.92PHJQX Principal Lifetime HybridPairCorr
  0.92PHJJX Principal Lifetime HybridPairCorr
  0.92PHJMX Principal Lifetime HybridPairCorr
  0.92PHJYX Principal Lifetime HybridPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International 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 International 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.

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