Investec Emerging Correlations

ZEMAX Fund

USD 14.78 0.05 0.34%

The current 90-days correlation between Investec Emerging Markets and Eip Growth And is 0.05 (i.e., Significant diversification). The correlation of Investec 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.

Investec Emerging Correlation With Market

Very poor diversification

The correlation between Investec Emerging Markets and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investec Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Investec 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 nation.

Moving together with Investec Mutual Fund

1.0	ZEMIX	Investec Emerging Markets	Pair Corr
0.87	ZGFIX	Investec Global Franchise	Pair Corr
0.87	ZGFAX	Investec Global Franchise	Pair Corr
0.9	ZIFIX	Ninety One International	Pair Corr
0.92	VEMAX	Vanguard Emerging Markets	Pair Corr
0.92	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.92	VEMRX	Vanguard Emerging Markets	Pair Corr
0.98	NWFFX	New World Fund	Pair Corr
0.98	NEWFX	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
0.91	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.93	KF	Korea Closed	Pair Corr
0.9	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.89	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.8	FKRCX	Franklin Gold Precious	Pair Corr
0.93	UNWPX	World Precious Minerals	Pair Corr
0.97	UJPIX	Ultrajapan Profund	Pair Corr
0.9	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.91	SGGDX	First Eagle Gold	Pair Corr
0.92	PSPFX	Global Resources	Pair Corr
0.94	AWSHX	Washington Mutual	Pair Corr
0.9	GRMAX	Nationwide Sp 500	Pair Corr
0.69	CTRZX	Active Portfolios Multi	Pair Corr
0.91	FAFWX	American Funds Retirement	Pair Corr
0.89	NBREX	Neuberger Berman Mid	Pair Corr
0.92	FMUSX	Federated Municipal	Pair Corr
0.73	FXAIX	Fidelity 500 Index	Pair Corr
0.82	NMAAX	Nuveen Massachusetts	Pair Corr
0.96	IPOAX	Ivy Emerging Markets	Pair Corr
0.85	RYSEX	Royce Special Equity	Pair Corr
0.97	TTFRX	Tiaa Cref Lifecycle	Pair Corr
0.7	PGRKX	Global Real Estate	Pair Corr
0.9	UIPMX	Precious Metals And	Pair Corr
0.9	RCEAX	Riversource Series Trust	Pair Corr
0.96	FPTPX	American Funds Conse	Pair Corr

Moving against Investec Mutual Fund

0.62

ODVYX

Oppenheimer Developing

Pair Corr

Related Correlations Analysis

	FFCGX	RPNCX	FMOKX	JIBCX	PRNHX	LANIX	LWLAX	EIPIX
FFCGX		0.91	1.0	0.73	0.82	0.97	0.97	0.9	FFCGX
RPNCX	0.91		0.91	0.74	0.89	0.92	0.9	0.74	RPNCX
FMOKX	1.0	0.91		0.72	0.82	0.96	0.97	0.9	FMOKX
JIBCX	0.73	0.74	0.72		0.58	0.81	0.76	0.68	JIBCX
PRNHX	0.82	0.89	0.82	0.58		0.82	0.77	0.62	PRNHX
LANIX	0.97	0.92	0.96	0.81	0.82		0.94	0.8	LANIX
LWLAX	0.97	0.9	0.97	0.76	0.77	0.94		0.89	LWLAX
EIPIX	0.9	0.74	0.9	0.68	0.62	0.8	0.89		EIPIX
	FFCGX	RPNCX	FMOKX	JIBCX	PRNHX	LANIX	LWLAX	EIPIX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FFCGX	0.57	0.04	0.03	0.11	0.70	(0.57)	1.03	(1.46)	3.74
RPNCX	1.28	(0.02)	0.00	0.04	1.66	(1.43)	2.47	(2.85)	7.14
FMOKX	0.41	0.03	0.00	0.12	0.43	(0.45)	0.79	(0.86)	2.41
JIBCX	0.92	(0.02)	(0.02)	0.04	1.16	(0.94)	1.54	(2.02)	14.24
PRNHX	1.23	0.02	0.01	0.08	1.90	(1.32)	1.81	(2.15)	21.91
LANIX	0.53	(0.02)	(0.05)	0.03	0.72	(0.53)	0.97	(1.39)	3.44
LWLAX	0.27	0.02	(0.05)	0.13	0.23	(0.33)	0.53	(0.53)	2.52
EIPIX	0.80	0.41	0.48	28.26	0.00	(1.03)	1.44	(0.86)	15.53

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