Parametric Emerging Correlations
EIEMX Fund | USD 14.83 0.09 0.61% |
The current 90-days correlation between Parametric Emerging and Rational Strategic Allocation is 0.29 (i.e., Modest diversification). The correlation of Parametric 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.
Parametric Emerging Correlation With Market
Good diversification
The correlation between Parametric Emerging Markets and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parametric Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Parametric |
Moving together with Parametric Mutual Fund
0.94 | VEMAX | Vanguard Emerging Markets | PairCorr |
0.94 | VEIEX | Vanguard Emerging Markets | PairCorr |
0.94 | VEMIX | Vanguard Emerging Markets | PairCorr |
0.94 | VEMRX | Vanguard Emerging Markets | PairCorr |
0.98 | FWWNX | American Funds New | PairCorr |
0.98 | FNFWX | American Funds New | PairCorr |
0.98 | NEWFX | New World Fund | PairCorr |
0.98 | NWFFX | New World Fund | PairCorr |
0.98 | NEWCX | New World Fund | PairCorr |
0.95 | ODVYX | Oppenheimer Developing | PairCorr |
0.68 | BTMPX | Ishares Msci Eafe | PairCorr |
0.69 | BTMKX | Blackrock International | PairCorr |
0.68 | MDIIX | Blackrock Intern Index | PairCorr |
0.61 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.62 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
0.85 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Parametric Mutual Fund
0.47 | COGVX | Cognios Large Cap | PairCorr |
0.41 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
0.41 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
0.41 | SPMJX | Invesco Steelpath Mlp | PairCorr |
0.4 | SPMPX | Invesco Steelpath Mlp | PairCorr |
0.37 | FSMMX | Fs Multi Strategy | PairCorr |
0.43 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.34 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
0.75 | 0.68 | 0.71 | 0.86 | RHSAX | ||
0.75 | 0.93 | 0.92 | 0.83 | AUEIX | ||
0.68 | 0.93 | 0.96 | 0.86 | TFCCX | ||
0.71 | 0.92 | 0.96 | 0.88 | LMUSX | ||
0.86 | 0.83 | 0.86 | 0.88 | DFELX | ||
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Risk-Adjusted Indicators
There is a big difference between Parametric Mutual Fund performing well and Parametric 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 Parametric 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
RHSAX | 0.83 | 0.12 | 0.01 | 0.97 | 1.14 | 1.58 | 7.38 | |||
AUEIX | 0.43 | (0.02) | (0.13) | 0.10 | 0.41 | 1.03 | 2.98 | |||
TFCCX | 0.48 | 0.00 | (0.07) | 0.13 | 0.33 | 0.93 | 3.59 | |||
LMUSX | 0.55 | 0.10 | 0.10 | 0.25 | 0.45 | 1.28 | 4.08 | |||
DFELX | 0.48 | 0.16 | 0.04 | 2.89 | 0.41 | 1.13 | 3.90 |