Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Portfolio
MMKBX Fund  USD 23.93  0.05  0.21%   
The current 90-days correlation between Emerging Markets Por and Ultrasmall Cap Profund Ultrasmall Cap is 0.55 (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 0.51 (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 Correlation Analysis 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 bureau of labor statistics.

Moving together with Emerging Mutual Fund

  1.0TEMUX Emerging Markets EquityPairCorr
  0.87DINDX Global Fixed IncomePairCorr
  0.84DINCX Global Fixed IncomePairCorr
  0.86DINAX Global Fixed IncomePairCorr
  0.98MLMAX Global E PortfolioPairCorr
  0.98MLMCX Global E PortfolioPairCorr
  0.98MLNSX Global Centrated PorPairCorr
  0.98MLMIX Global E PortfolioPairCorr
  0.98MLMSX Global E PortfolioPairCorr
  0.98MLNCX Global Centrated PorPairCorr
  0.98MLNAX Global Centrated PorPairCorr
  0.98MLNIX Global Centrated PorPairCorr
  0.98MMCGX Mid Cap GrowthPairCorr
  1.0MMMPX Msif Emerging MarketsPairCorr
  0.97MNOPX International OpportunityPairCorr
  0.98THYUX High Yield FundPairCorr
  0.62TIFUX International FixedPairCorr
  0.97TIEUX International EquityPairCorr
  0.67TIIUX Core Fixed IncomePairCorr
  0.65TILUX Inflation Linked FixedPairCorr
  0.81MORGX Morgan Stanley MortgagePairCorr
  0.98MPAIX Advantage Portfolio ClassPairCorr
  0.98MPBAX Global StrategistPairCorr
  0.84MPFDX Corporate Bond PortfolioPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  1.0MRGEX Msif Emerging MarketsPairCorr
  0.76MRJCX Real Assets PortfolioPairCorr
  0.77MRJAX Real Assets PortfolioPairCorr
  0.77MRJIX Real Assets PortfolioPairCorr
  0.98MRHYX Msift High YieldPairCorr
  0.77MRJSX Real Assets PortfolioPairCorr
  0.97MRNPX Msif InternationalPairCorr
  0.95MAAQX Morgan Stanley InstiPairCorr
  0.95MAAUX Morgan Stanley InstiPairCorr
  0.95MAADX Morgan Stanley InstiPairCorr
  0.95MAAOX Morgan Stanley InstiPairCorr
  0.98MADSX Msif Advantage PortPairCorr
  0.98MACGX Mid Cap GrowthPairCorr

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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