Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Small
AECSX Fund  USD 14.36  0.00  0.00%   
The current 90-days correlation between Emerging Markets Small and Praxis Small Cap is -0.11 (i.e., Good 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

Weak diversification

The correlation between Emerging Markets Small and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Emerging Markets Small. 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

  0.79AMDVX Mid Cap ValuePairCorr
  0.89AMEIX Equity GrowthPairCorr
  0.87AMGIX Income GrowthPairCorr
  0.84AMKIX Emerging MarketsPairCorr
  0.81TWADX Value Fund APairCorr
  0.91TWCCX Ultra Fund CPairCorr
  0.91TWCAX Select Fund APairCorr
  0.91TWCIX Select Fund InvestorPairCorr
  0.91TWCGX Growth Fund InvestorPairCorr
  0.8AMVYX Mid Cap ValuePairCorr
  0.8AMVRX Mid Cap ValuePairCorr
  0.88TWBIX Balanced Fund InvestorPairCorr
  0.8AMVGX Mid Cap ValuePairCorr
  0.77TWEAX Equity IncomePairCorr
  0.78TWEIX Equity IncomePairCorr
  0.91TWCUX Ultra Fund InvestorPairCorr
  0.94TWGAX International GrowthPairCorr
  0.9TWGIX Growth Fund IPairCorr
  0.91TWGGX Global GrowthPairCorr
  0.94TWIEX International GrowthPairCorr
  0.93TWHIX Heritage Fund InvestorPairCorr
  0.84TWMIX Emerging MarketsPairCorr
  0.9TWRCX Growth Fund CPairCorr
  0.66TWTCX Intermediate Term TaxPairCorr
  0.71TWTIX Intermediate Term TaxPairCorr
  0.88TWSCX Strategic AllocationPairCorr
  0.9TWSAX Strategic AllocationPairCorr
  0.89TWSMX Strategic AllocationPairCorr
  0.91TWSIX Select Fund IPairCorr
  0.81TWVLX Value Fund InvestorPairCorr
  0.91TWUAX Ultra Fund APairCorr
  0.91TWUIX Ultra Fund IPairCorr
  0.73TWWOX Intermediate Term TaxPairCorr
  0.84NPHIX High Income FundPairCorr

Related Correlations Analysis

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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.

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