Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Equity
GEMZX Fund  USD 9.66  0.05  0.52%   
The current 90-days correlation between Emerging Markets Equity and Tfa Alphagen Growth is 0.1 (i.e., Average 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

Weak diversification

The correlation between Emerging Markets Equity and DJI is 0.35 (i.e., 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

  0.81GCOZX Growth AllocationPairCorr
  0.65GVIYX Guidestone Value EquityPairCorr
  0.65GVIZX Guidestone Value EquityPairCorr
  0.91GEMYX Emerging Markets EquityPairCorr
  0.74GFIZX Conservative AllocationPairCorr
  0.76GGBZX Aggressive AllocationPairCorr
  0.73GGBEX Global Bond FundPairCorr
  0.69GGBFX Global Bond FundPairCorr
  0.83GGIZX Balanced AllocationPairCorr
  0.81GGRYX Growth AllocationPairCorr
  0.66GIEYX International EquityPairCorr
  0.66GIEZX International EquityPairCorr
  0.77GIIYX International EquityPairCorr
  0.78GIIZX Guidestone Funds IntPairCorr
  0.62GMDYX Medium Duration BondPairCorr
  0.61GMDZX Medium Duration BondPairCorr
  0.78GMFZX Mydestination 2045PairCorr
  0.78GMEZX Guidestone Funds ImpactPairCorr
  0.8GMGYX Mydestination 2055PairCorr
  0.79GMGZX Mydestination 2055PairCorr

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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