Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Portfolio
SNEMX Fund  USD 28.58  0.11  0.38%   
The current 90-days correlation between Emerging Markets Por and Aqr Diversified Arbitrage is -0.18 (i.e., Good 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 Portfolio and DJI is 0.41 (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 Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Emerging Markets Portfolio. 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 population.

Moving together with Emerging Mutual Fund

  0.84GCEAX Ab Global EPairCorr
  0.84GCECX Ab Global EPairCorr
  0.85GCEYX Ab Global EPairCorr
  0.82AMTAX Ab All MarketPairCorr
  0.8AMTZX Ab All MarketPairCorr
  0.82AMTYX Ab All MarketPairCorr
  0.82AMTOX Ab All MarketPairCorr
  0.68ANAZX Ab Global BondPairCorr
  0.67ANAYX Ab Global BondPairCorr
  0.67ANAGX Ab Global BondPairCorr
  0.67ANAIX Ab Global BondPairCorr
  0.66ANACX Ab Global BondPairCorr
  0.75ANBIX Ab Bond InflationPairCorr
  0.93STEYX International StrategicPairCorr
  0.93STEZX International StrategicPairCorr
  0.93STESX International StrategicPairCorr
  0.7STHAX Ab Sustainable ThematicPairCorr
  0.68STHYX Ab Sustainable ThematicPairCorr
  0.61APAAX Ab Pennsylvania PortfolioPairCorr

Moving against Emerging Mutual Fund

  0.39SCAVX Ab Small CapPairCorr
  0.39SCCVX Ab Small CapPairCorr
  0.32SCRSX Small Cap CorePairCorr
  0.31SCRYX Small Cap CorePairCorr
  0.4SUTAX Ab Sustainable ThematicPairCorr
  0.4SUTZX Ab Sustainable ThematicPairCorr
  0.38SCYVX Ab Small CapPairCorr
  0.37SUTCX Ab Sustainable ThematicPairCorr
  0.37CHCCX Ab Discovery GrowthPairCorr
  0.37CHCZX Ab Discovery GrowthPairCorr

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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