Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Equity
GEMYX Fund  USD 11.15  0.03  0.27%   
The current 90-days correlation between Emerging Markets Equity and Sterling Capital Stratton is 0.22 (i.e., Modest 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 Equity 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 Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Emerging Markets Equity. 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 manufacturing.

Moving together with Emerging Mutual Fund

  0.98GDMYX Defensive Market StrPairCorr
  0.98GDMZX Defensive Market StrPairCorr
  0.94GVEYX Value Equity InstituPairCorr
  0.97GVIYX Guidestone Value EquityPairCorr
  0.97GVIZX Guidestone Value EquityPairCorr
  0.98GEIYX Guidestone Growth EquityPairCorr
  1.0GEMZX Emerging Markets EquityPairCorr
  0.98GEQYX Equity Index InstituPairCorr
  0.98GFIZX Conservative AllocationPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.81GGBEX Global Bond FundPairCorr
  0.99GGEYX Guidestone Fds GrowthPairCorr
  0.99GGIZX Balanced AllocationPairCorr
  0.99GGRYX Growth AllocationPairCorr
  0.95GIEYX International EquityPairCorr
  0.95GIEZX International EquityPairCorr
  0.95GIIZX Guidestone Funds IntPairCorr
  0.87GLDZX Low Duration BondPairCorr
  0.74GMDYX Medium Duration BondPairCorr
  0.99GMFZX Mydestination 2045PairCorr
  0.99GMEYX Guidestone Funds ImpactPairCorr
  0.99GMEZX Guidestone Funds ImpactPairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  0.99GMGZX Mydestination 2055PairCorr
  0.98GMTYX Mydestination 2015PairCorr
  0.98GMTZX Mydestination 2015PairCorr
  0.99GMWYX Mydestination 2025PairCorr
  0.99GMWZX Mydestination 2025PairCorr
  0.99GMYYX Mydestination 2045PairCorr
  0.87GREZX Global Real EstatePairCorr
  0.98GSCYX Small Cap EquityPairCorr
  0.98GSCZX Small Cap EquityPairCorr
  0.99GBAYX Balanced AllocationPairCorr
  1.0VEMAX Vanguard Emerging MarketsPairCorr
  1.0VEIEX Vanguard Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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