Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
UIEMX Fund  USD 23.93  0.01  0.04%   
The current 90-days correlation between Emerging Markets and Ultra Short Term Fixed is -0.24 (i.e., Very 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 Fund and DJI is 0.54 (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 World Market Map 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 population.

Moving together with Emerging Mutual Fund

  0.98UICGX Capital GrowthPairCorr
  0.98UIHIX High Income FundPairCorr
  0.96UIIFX International FundPairCorr
  0.98UIGIX Growth IncomePairCorr
  0.61UIGSX Government SecuritiesPairCorr
  0.99UIGRX Growth Fund GrowthPairCorr
  0.75UIINX Income Fund IncomePairCorr
  0.97UIISX Income StockPairCorr
  0.73UIITX Intermediate Term BondPairCorr
  0.91UISBX Short Term BondPairCorr
  0.97UISCX Small Cap StockPairCorr
  0.99UIWGX World GrowthPairCorr
  0.74URIBX Intermediate Term BondPairCorr
  0.76URIFX Income Fund IncomePairCorr
  0.98URHIX High Income FundPairCorr
  0.99URNQX Nasdaq 100 IndexPairCorr
  0.91URSBX Short Term BondPairCorr
  0.94URUSX Ultra Short TermPairCorr
  0.99USPRX Sp 500 IndexPairCorr
  0.96UTMAX Target Managed AllocationPairCorr
  0.95UUSIX Ultra Short TermPairCorr
  0.97UGOFX Global Managed VolatilityPairCorr
  0.98UIAGX Aggressive GrowthPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.98SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.98SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.96TTEEX T Rowe PricePairCorr
  0.96TREMX T Rowe PricePairCorr

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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