Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
AMKIX Fund  USD 12.19  0.02  0.16%   
The current 90-days correlation between Emerging Markets and International Growth Fund is 0.87 (i.e., Very 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

Poor diversification

The correlation between Emerging Markets Fund and DJI is 0.75 (i.e., Poor 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

  0.69AMDVX Mid Cap ValuePairCorr
  0.83AMEIX Equity GrowthPairCorr
  0.8AMGIX Income GrowthPairCorr
  0.74TWADX Value Fund APairCorr
  0.83TWCCX Ultra Fund CPairCorr
  0.81TWCAX Select Fund APairCorr
  0.75TWCIX Select Fund InvestorPairCorr
  0.76TWCGX Growth Fund InvestorPairCorr
  0.78AMVYX Mid Cap ValuePairCorr
  0.77AMVRX Mid Cap ValuePairCorr
  0.82TWBIX Balanced Fund InvestorPairCorr
  0.69AMVGX Mid Cap ValuePairCorr
  0.67TWEAX Equity IncomePairCorr
  0.68TWEIX Equity IncomePairCorr
  0.77TWCUX Ultra Fund InvestorPairCorr
  0.94TWGAX International GrowthPairCorr
  0.83TWGIX Growth Fund IPairCorr
  0.93TWGGX Global GrowthPairCorr
  0.94TWIEX International GrowthPairCorr
  0.82TWHIX Heritage Fund InvestorPairCorr
  0.94TWMIX Emerging MarketsPairCorr
  0.82TWRCX Growth Fund CPairCorr
  0.85TWSCX Strategic Allocation:PairCorr
  0.88TWSAX Strategic Allocation:PairCorr
  0.87TWSMX Strategic Allocation:PairCorr
  0.82TWSIX Select Fund IPairCorr
  0.66TWVLX Value Fund InvestorPairCorr
  0.83TWUAX Ultra Fund APairCorr
  0.84TWUIX Ultra Fund IPairCorr
  0.89NPHIX 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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