International Emerging Correlations

PEPSX Fund

USD 26.18 0.30 1.16%

The current 90-days correlation between International Emerging and Ab Equity Income is 0.07 (i.e., Significant diversification). The correlation of International 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.

International Emerging Correlation With Market

Modest diversification

The correlation between International Emerging Markets and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in International 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 state.

Moving together with International Mutual Fund

0.94	VEMAX	Vanguard Emerging Markets	Pair Corr
0.76	VEIEX	Vanguard Emerging Markets	Pair Corr
0.98	VEMIX	Vanguard Emerging Markets	Pair Corr
0.98	VEMRX	Vanguard Emerging Markets	Pair Corr
0.86	FWWNX	American Funds New	Pair Corr
0.86	FNFWX	American Funds New	Pair Corr
0.87	NEWFX	New World Fund	Pair Corr
0.72	NWFFX	New World Fund	Pair Corr
0.89	NEWCX	New World Fund	Pair Corr
0.99	ODVYX	Oppenheimer Developing	Pair Corr
0.75	NHS	Neuberger Berman High	Pair Corr
0.68	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against International Mutual Fund

0.65	WMT	Walmart	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.61	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.6	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.37	MSFT	Microsoft	Pair Corr
0.31	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	AUIAX	SNPTX	DFVEX	ARTNX	LOGRX
AUIAX		0.58	0.57	0.75	0.96	AUIAX
SNPTX	0.58		0.96	0.88	0.58	SNPTX
DFVEX	0.57	0.96		0.91	0.59	DFVEX
ARTNX	0.75	0.88	0.91		0.79	ARTNX
LOGRX	0.96	0.58	0.59	0.79		LOGRX
	AUIAX	SNPTX	DFVEX	ARTNX	LOGRX

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International 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 International 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
AUIAX	0.63	(0.12)	0.00	(0.62)	0.00	0.00	0.96	(1.01)	10.98
SNPTX	0.49	0.01	0.00	0.07	0.75	(0.51)	0.88	(1.23)	4.88
DFVEX	0.59	0.03	0.02	0.13	0.73	(0.72)	1.16	(0.97)	7.30
ARTNX	0.52	(0.03)	0.00	(0.23)	0.00	0.00	1.03	(0.94)	5.16
LOGRX	0.54	(0.12)	0.00	(0.27)	0.00	0.00	0.86	(0.89)	7.30

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