Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
USEMX Fund  USD 24.11  0.09  0.37%   
The current 90-days correlation between Emerging Markets and Jpmorgan Diversified Fund 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 Fund and DJI is 0.59 (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

  0.75UINCX Income Fund IncomePairCorr
  0.98UINQX Usaa Nasdaq 100PairCorr
  0.98SRVEX Victory Diversified StockPairCorr
  0.73UITBX Intermediate Term BondPairCorr
  0.71UITCX Usaa Intermediate TermPairCorr
  0.93SSGSX Victory Sycamore SmallPairCorr
  0.83SBFCX Victory Incore InvestmentPairCorr
  0.88SBFMX Victory PortfoliosPairCorr
  0.96MMECX Victory IntegrityPairCorr
  0.96MMEAX Victory IntegrityPairCorr
  0.89RPPRX Victory Rs PartnersPairCorr
  0.96MMIJX Victory Integrity MidPairCorr
  0.96MMMMX Victory IntegrityPairCorr
  0.96MMMSX Victory IntegrityPairCorr
  0.98MNNAX Victory Munder MultiPairCorr
  0.63IPFIX Victory IncorePairCorr
  0.9RSDYX Victory Incore LowPairCorr
  0.76RSENX Victory Sophus EmergingPairCorr
  0.96RSEGX Victory Rs SmallPairCorr
  0.96RSDGX Victory Rs SelectPairCorr
  0.91RSFYX Victory Floating RatePairCorr
  0.98RSGGX Victory Rs GlobalPairCorr
  0.96RSGFX Victory Rs SelectPairCorr
  0.98RSGRX Victory Rs GrowthPairCorr
  0.91RSFCX Victory Floating RatePairCorr
  0.92RSFMX Victory Floating RatePairCorr
  0.92RSFLX Victory Floating RatePairCorr
  0.97RSIFX Victory Rs SciencePairCorr
  0.9RSINX Victory Rs InvestorsPairCorr
  0.92RSIGX Victory Rs InternationalPairCorr
  0.91RSIYX Victory Rs InvestorsPairCorr
  0.95RSMOX Victory Rs MidPairCorr
  0.88RSPFX Victory Rs PartnersPairCorr
  0.98RSNRX Victory Global NaturalPairCorr
  0.98RSNYX Victory Global NaturalPairCorr
  0.89RSPMX Victory Rs PartnersPairCorr
  0.89RSPYX Victory Rs PartnersPairCorr

Moving against Emerging Mutual Fund

  0.45GUTEX Victory Tax ExemptPairCorr
  0.33ULTIX Usaa Tax ExemptPairCorr
  0.45UNYIX New York BondPairCorr

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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