Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
REMSX Fund  USD 21.00  0.10  0.48%   
The current 90-days correlation between Emerging Markets and Rmb Mendon Financial is 0.3 (i.e., 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 Fund and DJI is 0.44 (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 Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Emerging Markets Fund. 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

  0.92RNTTX International DevelopedPairCorr
  0.82RREAX Global Real EstatePairCorr
  0.81RREYX Global Real EstatePairCorr
  0.81RRESX Global Real EstatePairCorr
  0.8RRSCX Global Real EstatePairCorr
  0.81RRSRX Global Real EstatePairCorr
  0.96RALAX Growth StrategyPairCorr
  0.96RALCX Growth StrategyPairCorr
  0.96RALSX Growth StrategyPairCorr
  0.96RALRX Growth StrategyPairCorr
  0.85RALVX Growth StrategyPairCorr
  0.87RSBRX Strategic BondPairCorr
  0.87RSBTX Short Duration BondPairCorr
  0.78RSBYX Short Duration BondPairCorr
  0.84RSCRX Us Small CapPairCorr
  0.77RSBCX Short Duration BondPairCorr
  0.96RSECX Us Strategic EquityPairCorr
  0.8RSEAX Us Strategic EquityPairCorr
  0.96RSESX Us Strategic EquityPairCorr
  0.89RSDTX Short Duration BondPairCorr
  0.97RAZAX Multi Asset GrowthPairCorr
  0.84RAZCX Multi Asset GrowthPairCorr
  0.7RSQAX Us E EquityPairCorr
  0.94RBCUX Tax Exempt BondPairCorr
  0.78RSYTX Strategic BondPairCorr
  0.96RBLCX Balanced StrategyPairCorr
  0.83RBLAX Balanced StrategyPairCorr
  0.85RBLSX Balanced StrategyPairCorr
  0.85RBLVX Balanced StrategyPairCorr
  0.83RBLRX Balanced StrategyPairCorr
  0.84RTDAX Multifactor EquityPairCorr
  0.95RTDCX Multifactor EquityPairCorr
  0.95RTDYX Select EquityPairCorr
  0.8RTDSX Select EquityPairCorr
  0.81RTDRX Select EquityPairCorr
  0.8RTDTX Select EquityPairCorr
  0.81RTEAX Tax Exempt BondPairCorr
  0.81RTECX Tax Exempt BondPairCorr
  0.78RTHAX Tax Exempt HighPairCorr
  0.8RTHCX Tax Exempt HighPairCorr

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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