Vanguard Emerging Correlations

Mutual Funds . USA . 
Fund . Vanguard Emerging Markets
VMMSX Fund  USD 22.69  0.18  0.79%   
The current 90-days correlation between Vanguard Emerging Markets and Prudential Short Duration is 0.15 (i.e., Average diversification). The correlation of Vanguard 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.

Vanguard Emerging Correlation With Market

Weak diversification

The correlation between Vanguard Emerging Markets and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging Markets 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 Vanguard 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 Vanguard Mutual Fund

  0.76VMLUX Vanguard Limited TermPairCorr
  0.76VMLTX Vanguard Limited TermPairCorr
  0.84VMNVX Vanguard Global MinimumPairCorr
  0.96VPADX Vanguard Pacific StockPairCorr
  0.79VSGBX Vanguard Short TermPairCorr
  0.76VBLIX Vanguard Long TermPairCorr
  0.79VTBIX Vanguard Total BondPairCorr
  0.79VTBNX Vanguard Total BondPairCorr
  0.9VTIAX Vanguard Total InterPairCorr
  0.76VBTLX Vanguard Total BondPairCorr
  0.78VBTIX Vanguard Total BondPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr
  0.82VUBFX Vanguard Ultra-short-termPairCorr
  0.85VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr

Moving against Vanguard Mutual Fund

  0.51VSGAX Vanguard Small CapPairCorr
  0.49VSCIX Vanguard Small CapPairCorr
  0.48VSMAX Vanguard Small CapPairCorr
  0.47VMNIX Vanguard Market NeutralPairCorr
  0.47VMNFX Vanguard Market NeutralPairCorr
  0.46VSEMX Vanguard Extended MarketPairCorr
  0.44VSIAX Vanguard Small CapPairCorr
  0.33VSMPX Vanguard Total StockPairCorr
  0.33VSTSX Vanguard Total StockPairCorr
  0.44VEXAX Vanguard Extended MarketPairCorr
  0.33VTSAX Vanguard Total StockPairCorr
  0.33VTSMX Vanguard Total StockPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard 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 Vanguard 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY