Emerging Economies Correlations

Mutual Funds . USA . 
Fund . Emerging Economies Fund
VCGEX Fund  USD 6.49  0.07  1.09%   
The current 90-days correlation between Emerging Economies and Energy Services Fund is 0.08 (i.e., Significant diversification). The correlation of Emerging Economies 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 Economies Correlation With Market

Average diversification

The correlation between Emerging Economies Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Economies 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 Economies 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 income.

Moving together with Emerging Mutual Fund

  0.69VCIFX International GovernmentPairCorr
  0.65VCTPX Inflation ProtectedPairCorr
  0.64VCSOX Global Social AwarenessPairCorr
  0.73VGREX Global Real EstatePairCorr
  0.81VIOPX Valic Company IPairCorr
  0.9VEMAX Vanguard Emerging MarketsPairCorr
  0.9VEIEX Vanguard Emerging MarketsPairCorr
  0.9VEMIX Vanguard Emerging MarketsPairCorr
  0.9VEMRX Vanguard Emerging MarketsPairCorr

Moving against Emerging Mutual Fund

  0.44VAPPX Valic Company IPairCorr
  0.44VCBCX Blue Chip GrowthPairCorr
  0.42VCULX Growth Fund GrowthPairCorr
  0.4VCSTX Science TechnologyPairCorr
  0.32VCNIX Nasdaq 100 IndexPairCorr

Related Correlations Analysis

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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   
AIWEX
+ 0.88
RYVIX
MLORX
+ 0.86
RYVIX
AIWEX
+ 0.86
TMCLX
AIWEX
+ 0.8
MLORX
TMCLX
+ 0.78
MLORX
TMCLX
+ 0.76
RYVIX
  
High negative correlations   
RGLIX
- 0.02
TREIX

Risk-Adjusted Indicators

There is a big difference between Emerging Mutual Fund performing well and Emerging Economies 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 Economies' 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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