Emerging Markets Correlations

REMAX Fund

USD 16.67 0.17 1.01%

The current 90-days correlation between Emerging Markets and Dreyfusstandish Global Fixed is 0.08 (i.e., Significant 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 Fund and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Fund 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 Emerging Markets Fund. 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

0.65	RAZAX	Multi Asset Growth	Pair Corr
0.66	RAZCX	Multi Asset Growth	Pair Corr
0.85	RTIUX	Tax Managed Internat	Pair Corr
0.84	RTNAX	Tax Managed Internat	Pair Corr
1.0	REMCX	Emerging Markets	Pair Corr
1.0	REMSX	Emerging Markets	Pair Corr
1.0	REMYX	Emerging Markets	Pair Corr

Related Correlations Analysis

	DHGCX	ZGFIX	ANAGX	APDPX	AEEIX	LFLCX	TEDIX	JGECX
DHGCX		0.14	0.95	-0.79	0.76	0.92	0.37	0.14	DHGCX
ZGFIX	0.14		0.01	0.36	-0.17	0.13	0.58	0.84	ZGFIX
ANAGX	0.95	0.01		-0.87	0.83	0.95	0.35	0.08	ANAGX
APDPX	-0.79	0.36	-0.87		-0.83	-0.8	-0.14	0.22	APDPX
AEEIX	0.76	-0.17	0.83	-0.83		0.84	0.42	0.1	AEEIX
LFLCX	0.92	0.13	0.95	-0.8	0.84		0.51	0.26	LFLCX
TEDIX	0.37	0.58	0.35	-0.14	0.42	0.51		0.82	TEDIX
JGECX	0.14	0.84	0.08	0.22	0.1	0.26	0.82		JGECX
	DHGCX	ZGFIX	ANAGX	APDPX	AEEIX	LFLCX	TEDIX	JGECX

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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

ANAGX	+ 0.95	DHGCX
LFLCX	+ 0.95	ANAGX
LFLCX	+ 0.92	DHGCX
JGECX	+ 0.84	ZGFIX
LFLCX	+ 0.84	AEEIX
AEEIX	+ 0.83	ANAGX

High negative correlations

APDPX	- 0.87	ANAGX
AEEIX	- 0.83	APDPX
LFLCX	- 0.8	APDPX
APDPX	- 0.79	DHGCX
AEEIX	- 0.17	ZGFIX
TEDIX	- 0.14	APDPX

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
DHGCX	0.15	(0.01)	(0.64)	(0.25)	0.17	(0.18)	0.31	(0.25)	0.96
ZGFIX	0.43	0.00	(0.09)	0.12	0.46	(0.47)	0.97	(0.92)	2.33
ANAGX	0.16	(0.02)	0.00	4.50	0.00	0.00	0.29	(0.29)	1.01
APDPX	0.11	0.02	(0.52)	16.57	0.00	(0.15)	0.20	(0.20)	0.69
AEEIX	0.58	(0.08)	0.00	(0.29)	0.00	0.00	1.00	(1.38)	3.39
LFLCX	0.18	(0.01)	(0.50)	(0.35)	0.20	(0.22)	0.32	(0.32)	1.16
TEDIX	0.47	(0.06)	(0.18)	0.02	0.56	(0.49)	0.88	(0.97)	2.77
JGECX	0.43	(0.04)	(0.19)	0.05	0.40	(0.52)	1.03	(0.82)	2.59

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