Emerging Markets Correlations

Mutual Funds USA . 
Fund . Emerging Markets Portfolio
DFEMX Fund  USD 33.60  0.09  0.27%   
The current 90-days correlation between Emerging Markets Por and International Small Pany is 0.47 (i.e., Very weak 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

Very weak diversification

The correlation between Emerging Markets Portfolio and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerging Markets Portfolio. 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 population.

Moving together with Emerging Mutual Fund

  0.93DIHRX Intal High RelativePairCorr
  0.9DILRX Dfa InternationalPairCorr
  0.65DIPSX Dfa Inflation ProtectedPairCorr
  0.97DISVX Dfa International SmallPairCorr
  0.64DISMX Dfa InternationalPairCorr
  0.7DNYMX Dfa Ny MunicipalPairCorr
  0.68DOGMX Dfa Oregon MunicipalPairCorr
  0.99DREIX World Core EquityPairCorr
  0.71DRIIX Dimensional 2045 TargetPairCorr
  0.98DRIHX Dimensional 2040 TargetPairCorr
  0.97DRIGX Dimensional 2035 TargetPairCorr
  0.95DRIWX Dimensional 2030 TargetPairCorr
  0.92DRIUX Dimensional 2025 TargetPairCorr
  0.94DRIRX Dimensional 2020 TargetPairCorr
  0.95DRIQX Dimensional 2015 TargetPairCorr
  0.62DRILX Dimensional 2060 TargetPairCorr
  0.99DRIKX Dimensional 2055 TargetPairCorr
  0.7DRIJX Dimensional 2050 TargetPairCorr
  0.68DAADX Dfa Emerging MarketsPairCorr
  0.95DAABX Dfa SustainabilityPairCorr
  0.7DSHGX Dfa Selectively HedgedPairCorr
  0.65DSSMX Dfa Selective StatePairCorr
  0.99DTDRX Dimensional 2065 TargetPairCorr
  0.9DCIBX Dfa Ca IntPairCorr
  0.62DURPX Us High RelativePairCorr
  0.99DUSQX Us Lg CapPairCorr
  0.64DUSLX Dfa LargePairCorr
  0.99DEMSX Emerging Markets SmallPairCorr
  0.63DEMGX Emerging Markets TargetedPairCorr
  0.73DESIX Emerging Markets SusPairCorr
  0.72DFAPX Dfa Investment GradePairCorr

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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