Emerging Markets Correlations

GEMZX Fund

USD 10.03 0.07 0.69%

The current 90-days correlation between Emerging Markets Equity and Blackrock Conservative Prprdptfinstttnl is 0.49 (i.e., Very weak 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 Equity and DJI is 0.4 (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 Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Emerging Markets Equity. 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 nation.

Moving together with Emerging Mutual Fund

0.61	GCOZX	Growth Allocation	Pair Corr
1.0	GEMYX	Emerging Markets Equity	Pair Corr
0.78	GFIZX	Conservative Allocation	Pair Corr
0.8	GGBEX	Global Bond Fund	Pair Corr
0.78	GGBFX	Global Bond Fund	Pair Corr
0.72	GGIZX	Balanced Allocation	Pair Corr
0.62	GGRYX	Growth Allocation	Pair Corr
0.87	GIEYX	International Equity	Pair Corr
0.87	GIEZX	International Equity	Pair Corr
0.86	GIIYX	International Equity	Pair Corr
0.86	GIIZX	Guidestone Funds Int	Pair Corr
0.67	GLDYX	Low Duration Bond	Pair Corr
0.66	GLDZX	Low Duration Bond	Pair Corr
0.73	GMDYX	Medium Duration Bond	Pair Corr
0.72	GMDZX	Medium Duration Bond	Pair Corr
0.7	GMBYX	Guidestone Funds	Pair Corr
0.71	GMBZX	Guidestone Funds	Pair Corr
0.78	GMEYX	Guidestone Funds Impact	Pair Corr
0.78	GMEZX	Guidestone Funds Impact	Pair Corr

Moving against Emerging Mutual Fund

0.34	GSCYX	Small Cap Equity	Pair Corr
0.34	GSCZX	Small Cap Equity	Pair Corr

Related Correlations Analysis

	BICPX	XWDIX	GPICX	MDBLX	HIIDX	ACBPX	MNDWX	WCAFX
BICPX		0.67	0.76	0.76	0.83	0.77	0.88	0.91	BICPX
XWDIX	0.67		0.4	0.67	0.58	0.67	0.71	0.78	XWDIX
GPICX	0.76	0.4		0.84	0.84	0.84	0.77	0.74	GPICX
MDBLX	0.76	0.67	0.84		0.88	0.99	0.86	0.9	MDBLX
HIIDX	0.83	0.58	0.84	0.88		0.88	0.78	0.88	HIIDX
ACBPX	0.77	0.67	0.84	0.99	0.88		0.87	0.91	ACBPX
MNDWX	0.88	0.71	0.77	0.86	0.78	0.87		0.88	MNDWX
WCAFX	0.91	0.78	0.74	0.9	0.88	0.91	0.88		WCAFX
	BICPX	XWDIX	GPICX	MDBLX	HIIDX	ACBPX	MNDWX	WCAFX

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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
BICPX	0.24	0.01	0.16	(0.02)	0.31	(0.30)	0.54	(0.45)	1.55
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59
GPICX	0.03	0.00	0.00	(0.03)	0.00	0.00	0.10	(0.10)	0.41
MDBLX	0.23	0.02	0.31	0.31	0.15	(0.30)	0.50	(0.38)	1.38
HIIDX	0.63	0.08	0.12	0.08	0.82	(0.65)	1.27	(0.97)	5.23
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23
MNDWX	0.12	(0.01)	0.18	(0.32)	0.19	(0.18)	0.20	(0.38)	0.96
WCAFX	0.25	0.00	0.13	(0.05)	0.35	(0.29)	0.57	(0.46)	1.62

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