Emerging Markets Correlations

UIEMX Fund

USD 28.26 0.25 0.88%

The current 90-days correlation between Emerging Markets and Vy Clarion Real 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

Very poor diversification

The correlation between Emerging Markets Fund and DJI is 0.89 (i.e., Very poor 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 World Market Map 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 state.

Moving together with Emerging Mutual Fund

0.92	UICGX	Capital Growth	Pair Corr
0.9	UIHIX	High Income Fund	Pair Corr
0.96	UIIFX	International Fund	Pair Corr
0.9	UIGIX	Growth Income	Pair Corr
0.85	UIGSX	Government Securities	Pair Corr
0.76	UIINX	Income Fund Income	Pair Corr
0.94	UIISX	Income Stock	Pair Corr
0.68	UIITX	Intermediate Term Bond	Pair Corr
0.93	UIPMX	Precious Metals And	Pair Corr
0.88	UISBX	Short Term Bond	Pair Corr
0.9	UISCX	Small Cap Stock	Pair Corr
0.91	UIVAX	Value Fund Value	Pair Corr
0.92	UIWGX	World Growth	Pair Corr
0.69	URIBX	Intermediate Term Bond	Pair Corr
0.77	URIFX	Income Fund Income	Pair Corr
0.83	URGSX	Government Securities	Pair Corr
0.92	URHIX	High Income Fund	Pair Corr
0.67	URNQX	Nasdaq 100 Index	Pair Corr
0.88	URSBX	Short Term Bond	Pair Corr
0.94	URUSX	Ultra Short Term	Pair Corr
0.85	USPRX	Sp 500 Index	Pair Corr
0.94	UTMAX	Target Managed Allocation	Pair Corr
0.92	UUSIX	Ultra Short Term	Pair Corr
0.89	UGOFX	Global Managed Volatility	Pair Corr
0.95	VEMAX	Vanguard Emerging Markets	Pair Corr
0.95	VEIEX	Vanguard Emerging Markets	Pair Corr
0.95	VEMIX	Vanguard Emerging Markets	Pair Corr
0.95	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	NEWFX	New World Fund	Pair Corr
0.98	NWFFX	New World Fund	Pair Corr
0.98	NEWCX	New World Fund	Pair Corr
0.98	FWWNX	American Funds New	Pair Corr
0.98	FNFWX	American Funds New	Pair Corr
0.66	LIIAX	Columbia Porate Income	Pair Corr
0.67	SRINX	Columbia Porate Income	Pair Corr
0.83	WRHIX	Ivy High Income	Pair Corr

Moving against Emerging Mutual Fund

0.65	ODVYX	Oppenheimer Developing	Pair Corr
0.43	UIAGX	Aggressive Growth	Pair Corr

Related Correlations Analysis

	JYEBX	NRFAX	FIKMX	FREEX	FRRSX	DCREX	PRKAX	IVRSX
JYEBX		0.92	0.78	0.96	0.67	0.91	0.63	0.98	JYEBX
NRFAX	0.92		0.9	0.96	0.86	0.93	0.85	0.91	NRFAX
FIKMX	0.78	0.9		0.82	0.9	0.85	0.93	0.73	FIKMX
FREEX	0.96	0.96	0.82		0.77	0.91	0.73	0.97	FREEX
FRRSX	0.67	0.86	0.9	0.77		0.73	0.93	0.66	FRRSX
DCREX	0.91	0.93	0.85	0.91	0.73		0.71	0.91	DCREX
PRKAX	0.63	0.85	0.93	0.73	0.93	0.71		0.62	PRKAX
IVRSX	0.98	0.91	0.73	0.97	0.66	0.91	0.62		IVRSX
	JYEBX	NRFAX	FIKMX	FREEX	FRRSX	DCREX	PRKAX	IVRSX

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
JYEBX	0.56	0.11	0.05	2.38	0.54	(0.63)	1.56	(0.97)	3.37
NRFAX	0.48	0.12	0.08	(4.74)	0.45	(0.53)	1.19	(0.93)	2.87
FIKMX	0.17	0.03	(0.12)	0.40	0.00	(0.21)	0.41	(0.33)	0.99
FREEX	0.57	0.09	0.02	(3.43)	0.66	(0.56)	1.37	(1.18)	3.21
FRRSX	0.66	0.18	0.13	(15.02)	0.53	(0.71)	1.41	(1.23)	8.31
DCREX	0.48	0.05	0.00	0.26	0.52	(0.53)	1.02	(0.99)	2.40
PRKAX	0.47	0.15	0.12	3.93	0.32	(0.55)	1.02	(0.93)	4.29
IVRSX	0.56	0.10	0.03	(7.86)	0.62	(0.59)	1.39	(1.03)	3.15

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