Emerging Markets Correlations

Mutual Funds . USA . 
Fund . The Emerging Markets
BGKEX Fund  USD 20.79  0.13  0.63%   
The current 90-days correlation between Emerging Markets and Morningstar Unconstrained Allocation is 0.64 (i.e., Poor 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

Average diversification

The correlation between The Emerging Markets and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The 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 income.

Moving together with Emerging Mutual Fund

  0.8BSGPX Eafe PurePairCorr
  0.83BGCWX Baillie Gifford EafePairCorr
  0.82BGCSX Eafe ChoicePairCorr
  0.83BGCJX Baillie Gifford EafePairCorr
  0.72BGCDX Baillie Gifford ChinaPairCorr
  0.64BGCBX Baillie Gifford ChinaPairCorr
  0.85BGEZX Baillie Gifford EmergingPairCorr
  0.85BGEWX Baillie Gifford EmergingPairCorr
  0.69BGEUX Baillie Gifford EafePairCorr
  0.69BGEVX Baillie Gifford EafePairCorr
  0.69BGESX Eafe FundPairCorr
  0.7BGETX Baillie Gifford EafePairCorr
  1.0BGEPX Baillie Gifford EmergingPairCorr
  0.7BGEKX Eafe FundPairCorr
  0.94BGELX Emerging MarketsPairCorr
  1.0BGEGX Baillie Gifford EmergingPairCorr
  1.0BGEHX Baillie Gifford EmergingPairCorr
  0.7BGEFX Baillie Gifford EafePairCorr
  0.94BGEDX Baillie Gifford EmergingPairCorr
  0.86BGIUX Baillie Gifford IntePairCorr
  0.86BGIVX Baillie Gifford IntePairCorr
  0.86BGITX Baillie Gifford IntePairCorr
  0.85BGIKX The International EquityPairCorr
  0.86BGIFX Baillie Gifford IntePairCorr

Moving against Emerging Mutual Fund

  0.34BGGSX Equity GrowthPairCorr
  0.34BGGKX Equity GrowthPairCorr

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   
AMONX
+ 0.96
DOXGX
TFCCX
+ 0.95
DOXGX
TFCCX
+ 0.95
AMONX
RHSAX
+ 0.81
DOXGX
RHSAX
+ 0.78
AMONX
RHSAX
+ 0.7
TFCCX
  
High negative correlations   
TFCCX
- 0.26
GMLVX
DOXGX
- 0.09
GMLVX
AMONX
- 0.04
GMLVX

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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