Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Equity
TEMUX Fund  USD 13.77  0.07  0.51%   
The current 90-days correlation between Emerging Markets Equity and Government Securities Fund is 0.03 (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

Weak diversification

The correlation between Emerging Markets Equity and DJI is 0.34 (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 World Market Map 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 employment.

Moving together with Emerging Mutual Fund

  0.98MMKBX Emerging Markets PorPairCorr
  0.98MMMPX Msif Emerging MarketsPairCorr
  0.71MNOPX International OpportunityPairCorr
  0.61MPBAX Global StrategistPairCorr
  0.98MRGEX Msif Emerging MarketsPairCorr
  0.73MRJCX Real Assets PortfolioPairCorr
  0.71MRJAX Real Assets PortfolioPairCorr
  0.73MRJIX Real Assets PortfolioPairCorr
  0.65MRLBX Global Real EstatePairCorr
  0.66MRLAX Global Real EstatePairCorr
  0.72MRJSX Real Assets PortfolioPairCorr
  0.71MRNPX Msif InternationalPairCorr

Related Correlations Analysis

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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   
PGIQX
+ 1.0
UIGSX
BIGLX
+ 1.0
UIGSX
FHNFX
+ 1.0
PGIQX
BIGLX
+ 1.0
PGIQX
FHNFX
+ 0.99
UIGSX
RGVCX
+ 0.99
UIGSX
  
High negative correlations   
LCCXX
- 0.0
RGVCX
LCCXX
- 0.0
BIGLX
LCCXX
- 0.0
FHNFX
LCCXX
- 0.0
PGIQX
LCCXX
- 0.0
UIGSX

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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