Emerging Markets Correlations

BGELX Fund

USD 20.62 0.06 0.29%

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

Modest diversification

The correlation between The Emerging Markets and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The 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 The 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 bureau of economic analysis.

Moving together with Emerging Mutual Fund

0.77	BSGPX	Eafe Pure	Pair Corr
0.72	BTLSX	Baillie Gifford Inte	Pair Corr
0.72	BTLKX	Baillie Gifford Inte	Pair Corr
0.82	BGCWX	Baillie Gifford Eafe	Pair Corr
0.81	BGCSX	Eafe Choice	Pair Corr
0.82	BGCJX	Baillie Gifford Eafe	Pair Corr
0.76	BGCDX	Baillie Gifford China	Pair Corr
0.76	BGCBX	Baillie Gifford China	Pair Corr
0.83	BGEZX	Baillie Gifford Emerging	Pair Corr
0.83	BGEWX	Baillie Gifford Emerging	Pair Corr
0.8	BGEUX	Baillie Gifford Eafe	Pair Corr
0.81	BGEVX	Baillie Gifford Eafe	Pair Corr
0.8	BGESX	Eafe Fund	Pair Corr
0.8	BGETX	Baillie Gifford Eafe	Pair Corr
1.0	BGEPX	Baillie Gifford Emerging	Pair Corr
0.81	BGEKX	Eafe Fund	Pair Corr
1.0	BGEGX	Baillie Gifford Emerging	Pair Corr
1.0	BGEHX	Baillie Gifford Emerging	Pair Corr
0.81	BGEFX	Baillie Gifford Eafe	Pair Corr
1.0	BGEDX	Baillie Gifford Emerging	Pair Corr
0.89	BGIUX	Baillie Gifford Inte	Pair Corr
0.89	BGIVX	Baillie Gifford Inte	Pair Corr
0.89	BGITX	Baillie Gifford Inte	Pair Corr
0.88	BGIKX	The International Equity	Pair Corr
0.89	BGIFX	Baillie Gifford Inte	Pair Corr
1.0	BGKEX	Emerging Markets	Pair Corr

Moving against Emerging Mutual Fund

0.42

FSMMX

Fs Multi Strategy

Pair Corr

Related Correlations Analysis

	REMEX	REMAX	REMCX	UIEMX	ELMZX	ELMYX	ELMIX	REMSX	REMYX
REMEX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	REMEX
REMAX	0.0		1.0	0.94	-0.01	-0.04	-0.04	1.0	1.0	REMAX
REMCX	0.0	1.0		0.95	-0.02	-0.05	-0.05	1.0	1.0	REMCX
UIEMX	0.0	0.94	0.95		-0.2	-0.21	-0.21	0.94	0.94	UIEMX
ELMZX	0.0	-0.01	-0.02	-0.2		0.84	0.84	-0.01	-0.01	ELMZX
ELMYX	0.0	-0.04	-0.05	-0.21	0.84		1.0	-0.04	-0.03	ELMYX
ELMIX	0.0	-0.04	-0.05	-0.21	0.84	1.0		-0.04	-0.03	ELMIX
REMSX	0.0	1.0	1.0	0.94	-0.01	-0.04	-0.04		1.0	REMSX
REMYX	0.0	1.0	1.0	0.94	-0.01	-0.03	-0.03	1.0		REMYX
	REMEX	REMAX	REMCX	UIEMX	ELMZX	ELMYX	ELMIX	REMSX	REMYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

REMCX	+ 1.0	REMAX
REMSX	+ 1.0	REMAX
REMYX	+ 1.0	REMAX
REMSX	+ 1.0	REMCX
REMYX	+ 1.0	REMCX
ELMIX	+ 1.0	ELMYX

High negative correlations

ELMIX	- 0.21	UIEMX
ELMYX	- 0.21	UIEMX
ELMZX	- 0.2	UIEMX
ELMIX	- 0.05	REMCX
ELMYX	- 0.05	REMCX
REMSX	- 0.04	ELMIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
REMEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REMAX	0.74	(0.07)	(0.13)	(0.02)	0.99	(0.74)	1.78	(2.01)	5.00
REMCX	0.74	(0.07)	0.00	(0.02)	0.00	0.00	1.76	(2.08)	4.98
UIEMX	0.70	(0.10)	0.00	(0.11)	0.00	0.00	1.30	(1.82)	4.60
ELMZX	0.80	0.06	(0.08)	(0.28)	1.00	(0.80)	1.78	(1.58)	4.35
ELMYX	0.80	0.02	(0.10)	(4.23)	1.03	(0.80)	1.77	(1.58)	4.36
ELMIX	0.80	0.02	(0.10)	(9.42)	1.03	(0.81)	1.78	(1.53)	4.35
REMSX	0.74	(0.07)	(0.13)	(0.02)	0.99	(0.74)	1.76	(2.05)	4.96
REMYX	0.74	(0.07)	(0.13)	(0.01)	0.99	(0.74)	1.76	(2.05)	5.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC