The Emerging Correlations
| HCEMX Fund | USD 18.99 0.13 0.68% |
The current 90-days correlation between Emerging Markets and The Growth Equity is 0.58 (i.e., Very weak diversification). The correlation of The 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.
The Emerging Correlation With Market
Modest diversification
The correlation between The Emerging Markets and DJI is 0.29 (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.
The |
Moving together with The Mutual Fund
| 0.86 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.86 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.73 | GABFX | Gmo Asset Allocation | PairCorr |
| 0.64 | GHVIX | Gmo High Yield | PairCorr |
| 0.64 | DD | Dupont De Nemours | PairCorr |
| 0.75 | VZ | Verizon Communications | PairCorr |
| 0.7 | INTC | Intel | PairCorr |
| 0.69 | JNJ | Johnson Johnson | PairCorr |
| 0.75 | T | ATT Inc Earnings Call Today | PairCorr |
Moving against The Mutual Fund
| 0.33 | GCAVX | Gmo Small Cap | PairCorr |
| 0.53 | MRK | Merck Company | PairCorr |
| 0.44 | AXP | American Express Sell-off Trend | PairCorr |
| 0.44 | MSFT | Microsoft | PairCorr |
| 0.39 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between The Mutual Fund performing well and The 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 The 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCEGX | 0.81 | (0.07) | 0.00 | (0.15) | 0.00 | 1.56 | 4.61 | |||
| HCEMX | 0.76 | 0.01 | 0.00 | (0.05) | 0.00 | 1.37 | 5.05 | |||
| HCIEX | 0.68 | 0.09 | 0.12 | 0.10 | 0.92 | 1.67 | 4.72 | |||
| HCSRX | 0.77 | (0.02) | 0.00 | (0.09) | 0.00 | 1.36 | 4.68 | |||
| HCXSX | 0.23 | 0.00 | 0.19 | (0.12) | 0.26 | 0.56 | 1.39 | |||
| ITHSX | 0.79 | (0.07) | 0.00 | (0.16) | 0.00 | 1.15 | 4.50 | |||
| MNDVUX | 0.66 | 0.08 | 0.12 | 0.06 | 0.82 | 1.23 | 3.65 | |||
| NWWAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMGASX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |