Vanguard Emerging Correlations

Mutual Funds . USA . 
Fund . Vanguard Emerging Markets
VEGBX Fund  USD 23.47  0.20  0.84%   
The current 90-days correlation between Vanguard Emerging Markets and The Gabelli Healthcare is 0.33 (i.e., Weak diversification). The correlation of Vanguard 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.

Vanguard Emerging Correlation With Market

Modest diversification

The correlation between Vanguard Emerging Markets and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging Markets 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 Vanguard 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 bureau of labor statistics.

Moving together with Vanguard Mutual Fund

  0.81VMLUX Vanguard Limited TermPairCorr
  0.81VMLTX Vanguard Limited TermPairCorr
  0.95VMSIX Vanguard Multi SectorPairCorr
  0.67VMVAX Vanguard Mid CapPairCorr
  0.66VMVFX Vanguard Global MinimumPairCorr
  0.64VMVLX Vanguard Mega CapPairCorr
  0.8VNJUX Vanguard New JerseyPairCorr
  0.79VNJTX Vanguard New JerseyPairCorr
  0.77VNYTX Vanguard New YorkPairCorr
  0.77VNYUX Vanguard New YorkPairCorr
  0.77VOHIX Vanguard Ohio LongPairCorr
  0.66VPADX Vanguard Pacific StockPairCorr
  0.66VPACX Vanguard Pacific StockPairCorr
  0.77VPALX Vanguard PennsylvaniaPairCorr
  0.77VPAIX Vanguard PennsylvaniaPairCorr
  0.66VPKIX Vanguard Pacific StockPairCorr
  0.61VPMCX Vanguard PrimecapPairCorr
  0.79VPMAX Vanguard PrimecapPairCorr
  0.78NAESX Vanguard Small CapPairCorr
  0.72VAIGX Vanguard Advice SelectPairCorr
  0.74VAIPX Vanguard Inflation-protecPairCorr
  0.78VSCIX Vanguard Small CapPairCorr
  0.78VSCPX Vanguard Small CapPairCorr
  0.72VSCSX Vanguard Short TermPairCorr
  0.78VSEMX Vanguard Extended MarketPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard 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 Vanguard 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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