Emerging Markets Correlations

DEMSX Fund

USD 22.53 0.16 0.71%

The current 90-days correlation between Emerging Markets Small and Multisector Bond Sma is 0.2 (i.e., Modest 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

Modest diversification

The correlation between Emerging Markets Small 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 Emerging Markets Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerging Markets Small. 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 state.

Moving together with Emerging Mutual Fund

0.85	DAADX	Dfa Emerging Markets	Pair Corr
0.85	DFCEX	Emerging Markets E	Pair Corr
0.61	DFEMX	Emerging Markets Por	Pair Corr
0.61	DFGEX	Dfa Global Real	Pair Corr
0.81	DFUKX	United Kingdom Small	Pair Corr

Moving against Emerging Mutual Fund

0.53	DFGFX	Dfa Two Year	Pair Corr
0.52	DFFGX	Dfa Short Term	Pair Corr
0.39	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.35	DNYMX	Dfa Ny Municipal	Pair Corr
0.54	DFGBX	Dfa Five Year	Pair Corr

Related Correlations Analysis

	MBSAX	BXDCX	ARTFX	TSDCX	PRVBX	PACEX	MCZRX
MBSAX		0.7	0.69	0.48	0.88	0.92	0.91	MBSAX
BXDCX	0.7		0.93	0.94	0.88	0.83	0.53	BXDCX
ARTFX	0.69	0.93		0.92	0.87	0.81	0.51	ARTFX
TSDCX	0.48	0.94	0.92		0.75	0.66	0.3	TSDCX
PRVBX	0.88	0.88	0.87	0.75		0.89	0.74	PRVBX
PACEX	0.92	0.83	0.81	0.66	0.89		0.85	PACEX
MCZRX	0.91	0.53	0.51	0.3	0.74	0.85		MCZRX
	MBSAX	BXDCX	ARTFX	TSDCX	PRVBX	PACEX	MCZRX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MBSAX	0.19	0.02	0.31	(0.40)	0.18	(0.21)	0.37	(0.30)	1.34
BXDCX	0.08	0.01	0.61	(0.42)	0.00	(0.15)	0.22	(0.11)	0.65
ARTFX	0.12	0.02	0.40	(1.63)	0.00	(0.21)	0.44	(0.22)	1.22
TSDCX	0.05	0.01	0.00	(0.93)	0.00	0.00	0.11	(0.11)	0.66
PRVBX	0.10	0.01	0.64	(0.72)	0.00	(0.13)	0.25	(0.17)	0.58
PACEX	0.12	0.02	0.44	(1.76)	0.00	(0.19)	0.33	(0.22)	0.99
MCZRX	0.25	0.04	0.29	0.48	0.18	(0.29)	0.68	(0.45)	1.60

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