Acadian Emerging Correlations

AEMVX Fund

USD 23.99 0.03 0.12%

The current 90-days correlation between Acadian Emerging Markets and Century Small Cap is 0.23 (i.e., Modest diversification). The correlation of Acadian Emerging 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.

Acadian Emerging Correlation With Market

Modest diversification

The correlation between Acadian Emerging Markets and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadian Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadian Emerging Markets. 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 real.

Moving together with Acadian Mutual Fund

1.0	AEMGX	Acadian Emerging Markets	Pair Corr
0.95	AEMZX	Acadian Emerging Markets	Pair Corr
0.95	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.93	FWWNX	American Funds New	Pair Corr
0.93	FNFWX	American Funds New	Pair Corr
0.92	NEWFX	New World Fund	Pair Corr
0.92	NWFFX	New World Fund	Pair Corr
0.92	NEWCX	New World Fund	Pair Corr
0.89	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Acadian Mutual Fund

0.54	PQTIX	Aa Pimco Tr	Pair Corr
0.53	PQTAX	Pimco Trends Managed	Pair Corr
0.53	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	CSMVX	BOSVX	ABVCX	LANIX	CNGLX	SCYVX
CSMVX		0.98	0.92	0.94	0.66	0.95	CSMVX
BOSVX	0.98		0.9	0.93	0.64	0.94	BOSVX
ABVCX	0.92	0.9		0.94	0.69	0.97	ABVCX
LANIX	0.94	0.93	0.94		0.74	0.94	LANIX
CNGLX	0.66	0.64	0.69	0.74		0.73	CNGLX
SCYVX	0.95	0.94	0.97	0.94	0.73		SCYVX
	CSMVX	BOSVX	ABVCX	LANIX	CNGLX	SCYVX

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Risk-Adjusted Indicators

There is a big difference between Acadian Mutual Fund performing well and Acadian Emerging 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 Acadian Emerging's 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CSMVX	0.85	0.06	0.09	0.16	0.72	(0.89)	1.96	(1.33)	6.44
BOSVX	0.92	(0.01)	0.06	0.11	0.69	(1.08)	2.11	(1.45)	8.98
ABVCX	0.51	0.13	0.05	1.51	0.09	(0.67)	1.09	(0.62)	3.88
LANIX	0.45	0.04	0.00	0.18	0.25	(0.53)	0.91	(0.82)	3.06
CNGLX	0.47	0.07	(0.06)	1.76	0.54	(0.50)	1.04	(0.94)	3.68
SCYVX	0.84	0.17	0.09	1.16	0.61	(1.00)	1.95	(1.44)	7.36

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