Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Value
DFEVX Fund  USD 32.41  0.07  0.22%   
The current 90-days correlation between Emerging Markets Value and Dfa International Small is 0.78 (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

Good diversification

The correlation between Emerging Markets Value and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Value 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 Value. 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 real.

Moving together with Emerging Mutual Fund

  0.79DIHRX Intal High RelativePairCorr
  0.87DILRX Dfa InternationalPairCorr
  0.82DISVX Dfa International SmallPairCorr
  0.83DISMX Dfa InternationalPairCorr
  0.66DNYMX Dfa Ny MunicipalPairCorr
  0.92DREIX World Core EquityPairCorr
  0.9DRIIX Dimensional 2045 TargetPairCorr
  0.85DRIHX Dimensional 2040 TargetPairCorr
  0.76DRIGX Dimensional 2035 TargetPairCorr
  0.7DRIWX Dimensional 2030 TargetPairCorr
  0.68DRIUX Dimensional 2025 TargetPairCorr
  0.76DRIRX Dimensional 2020 TargetPairCorr
  0.85DRIQX Dimensional 2015 TargetPairCorr
  0.9DRILX Dimensional 2060 TargetPairCorr
  0.9DRIKX Dimensional 2055 TargetPairCorr
  0.9DRIJX Dimensional 2050 TargetPairCorr
  0.94DAADX Dfa Emerging MarketsPairCorr
  0.76DAABX Dfa SustainabilityPairCorr
  0.86DSCLX Dfa International SocialPairCorr
  0.84DSCGX Dfa SmallPairCorr
  0.91DSHGX Dfa Selectively HedgedPairCorr
  0.86DTDRX Dimensional 2065 TargetPairCorr
  0.75DURPX Us High RelativePairCorr
  0.8DUSQX Us Lg CapPairCorr
  0.77DUSLX Dfa LargePairCorr
  0.98DEMSX Emerging Markets SmallPairCorr
  0.99DEMGX Emerging Markets TargetedPairCorr
  0.99DESIX Emerging Markets SusPairCorr

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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