Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
AMKIX Fund  USD 12.90  0.08  0.62%   
The current 90-days correlation between Emerging Markets and International Growth Fund is 0.61 (i.e., Poor 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

Modest diversification

The correlation between Emerging Markets Fund and DJI is 0.26 (i.e., Modest 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 Trending Equities 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 gross domestic product.

Moving together with Emerging Mutual Fund

  0.93AMDVX Mid Cap ValuePairCorr
  0.91AMEIX Equity GrowthPairCorr
  0.98AMGIX Income GrowthPairCorr
  0.86TWADX Value Fund APairCorr
  0.89TWCCX Ultra Fund CPairCorr
  0.97TWCAX Select Fund APairCorr
  0.89TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.93AMVYX Mid Cap ValuePairCorr
  0.85AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.83AMVGX Mid Cap ValuePairCorr
  0.94TWEAX Equity IncomePairCorr
  0.95TWEIX Equity IncomePairCorr
  0.97TWCUX Ultra Fund InvestorPairCorr
  0.91TWGAX International GrowthPairCorr
  0.97TWGIX Growth Fund IPairCorr
  0.97TWGGX Global GrowthPairCorr
  0.8TWIEX International GrowthPairCorr
  0.96TWHIX Heritage Fund InvestorPairCorr
  1.0TWMIX Emerging MarketsPairCorr
  0.9TWRCX Growth Fund CPairCorr
  0.99TWSCX Strategic Allocation:PairCorr
  0.98TWSAX Strategic Allocation:PairCorr
  0.97TWSIX Select Fund IPairCorr
  0.61TWUSX Short Term GovernmentPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  0.97TWUAX Ultra Fund APairCorr
  0.9TWUIX Ultra Fund IPairCorr
  0.67TWUOX Short Term GovernmentPairCorr
  0.81TWWOX Intermediate Term TaxPairCorr
  0.98NPHIX 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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