Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Equity
GEMZX Fund  USD 11.85  0.43  3.50%   
The current 90-days correlation between Emerging Markets Equity and Old Westbury Fixed is -0.14 (i.e., Good 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 nation.

Moving together with Emerging Mutual Fund

  0.97GCOZX Growth AllocationPairCorr
  0.96GDMYX Defensive Market StrPairCorr
  0.95GDMZX Defensive Market StrPairCorr
  0.89GVEYX Value Equity InstituPairCorr
  0.89GVEZX Value Equity InvestorPairCorr
  0.89GVIYX Guidestone Value EquityPairCorr
  0.88GVIZX Guidestone Value EquityPairCorr
  0.96GEIYX Guidestone Growth EquityPairCorr
  0.96GEIZX Guidestone Growth EquityPairCorr
  1.0GEMYX Emerging Markets EquityPairCorr
  0.97GEQYX Equity Index InstituPairCorr
  0.95GEQZX Equity Index InvestorPairCorr
  0.94GFIZX Conservative AllocationPairCorr
  0.86GFSYX Strategic AlternativesPairCorr
  0.86GFSZX Strategic AlternativesPairCorr
  0.96GGBZX Aggressive AllocationPairCorr
  0.88GGBEX Global Bond FundPairCorr
  0.85GGBFX Global Bond FundPairCorr
  0.96GGEYX Guidestone Fds GrowthPairCorr
  0.96GGEZX Growth Equity InvestorPairCorr
  0.96GGIZX Balanced AllocationPairCorr
  0.97GGRYX Growth AllocationPairCorr
  0.94GIEYX International EquityPairCorr
  0.94GIEZX International EquityPairCorr
  0.88GIIYX International EquityPairCorr
  0.88GIIZX Guidestone Funds IntPairCorr
  0.86GLDYX Low Duration BondPairCorr
  0.86GLDZX Low Duration BondPairCorr
  0.87GMDYX Medium Duration BondPairCorr
  0.87GMDZX Medium Duration BondPairCorr
  0.68GMBYX Guidestone FundsPairCorr
  0.67GMBZX Guidestone FundsPairCorr
  0.95GMFZX Mydestination 2045PairCorr
  0.96GMHYX Mydestination 2035PairCorr
  0.96GMHZX Mydestination 2035PairCorr
  0.96GMGYX Mydestination 2055PairCorr
  0.96GMGZX Mydestination 2055PairCorr
  0.94GMTYX Mydestination 2015PairCorr
  0.95GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


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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