Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Equity
TEMUX Fund  USD 15.86  0.07  0.44%   
The current 90-days correlation between Emerging Markets Equity and Maryland Short Term Tax Free is -0.17 (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

Poor diversification

The correlation between Emerging Markets Equity and DJI is 0.62 (i.e., Poor 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 World Market Map 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 employment.

Moving together with Emerging Mutual Fund

  0.9DINDX Global Fixed IncomePairCorr
  0.87DINCX Global Fixed IncomePairCorr
  0.9DINAX Global Fixed IncomePairCorr
  0.96MLMAX Global E PortfolioPairCorr
  0.96MLMCX Global E PortfolioPairCorr
  0.97MLNSX Global Centrated PorPairCorr
  0.97MLMIX Global E PortfolioPairCorr
  0.97MLMSX Global E PortfolioPairCorr
  0.97MLNCX Global Centrated PorPairCorr
  0.96MLNAX Global Centrated PorPairCorr
  0.97MLNIX Global Centrated PorPairCorr
  0.98MMCGX Mid Cap GrowthPairCorr
  0.98MMKBX Emerging Markets PorPairCorr
  0.99MMMPX Msif Emerging MarketsPairCorr
  0.92MNOPX International OpportunityPairCorr
  0.97THYUX High Yield FundPairCorr
  0.96TIEUX International EquityPairCorr
  0.73TIIUX Core Fixed IncomePairCorr
  0.69TILUX Inflation Linked FixedPairCorr
  0.84MORGX Morgan Stanley MortgagePairCorr
  0.96MPAIX Advantage Portfolio ClassPairCorr
  0.98MPBAX Global StrategistPairCorr
  0.86MPFDX Corporate Bond PortfolioPairCorr
  0.97MPEGX Mid Cap GrowthPairCorr
  0.98MRGEX Msif Emerging MarketsPairCorr
  0.78MRJCX Real Assets PortfolioPairCorr
  0.79MRJAX Real Assets PortfolioPairCorr
  0.79MRJIX Real Assets PortfolioPairCorr
  0.98MRHYX Msift High YieldPairCorr
  0.79MRJSX Real Assets PortfolioPairCorr
  0.91MRNPX Msif InternationalPairCorr
  0.91MAAQX Morgan Stanley InstiPairCorr
  0.92MAAUX Morgan Stanley InstiPairCorr
  0.91MAADX Morgan Stanley InstiPairCorr
  0.91MAAOX Morgan Stanley InstiPairCorr
  0.97MADSX Msif Advantage PortPairCorr
  0.97MACGX 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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