Emerging Markets Correlations

GEMYX Fund

USD 9.79 0.03 0.31%

The current 90-days correlation between Emerging Markets Equity and Growth Allocation Fund is 0.69 (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

Modest diversification

The correlation between Emerging Markets Equity and DJI is 0.28 (i.e., Modest 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 Risk vs Return Analysis 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 manufacturing.

Moving together with Emerging Mutual Fund

1.0	GEMZX	Emerging Markets Equity	Pair Corr
0.67	GIEYX	International Equity	Pair Corr
0.66	GIEZX	International Equity	Pair Corr
0.66	GMEYX	Guidestone Funds Impact	Pair Corr
0.68	GMEZX	Guidestone Funds Impact	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX
GCOZX		0.89	0.89	0.85	0.86	0.83	0.83	0.83	0.83	GCOZX
GDMYX	0.89		1.0	0.98	0.98	0.98	0.98	0.96	0.96	GDMYX
GDMZX	0.89	1.0		0.98	0.98	0.98	0.98	0.96	0.96	GDMZX
GVEYX	0.85	0.98	0.98		1.0	0.99	0.99	0.96	0.96	GVEYX
GVEZX	0.86	0.98	0.98	1.0		0.99	0.99	0.96	0.96	GVEZX
GVIYX	0.83	0.98	0.98	0.99	0.99		1.0	0.93	0.93	GVIYX
GVIZX	0.83	0.98	0.98	0.99	0.99	1.0		0.93	0.92	GVIZX
GEIYX	0.83	0.96	0.96	0.96	0.96	0.93	0.93		1.0	GEIYX
GEIZX	0.83	0.96	0.96	0.96	0.96	0.93	0.92	1.0		GEIZX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCOZX	0.40	(0.03)	(0.16)	0.07	0.44	(0.49)	0.91	(0.75)	2.44
GDMYX	0.31	0.00	(0.14)	0.14	0.28	(0.37)	0.72	(0.78)	2.05
GDMZX	0.30	0.00	(0.14)	0.13	0.26	(0.37)	0.72	(0.78)	2.06
GVEYX	0.51	0.00	(0.03)	0.13	0.34	(0.66)	1.06	(0.83)	3.56
GVEZX	0.51	0.00	(0.03)	0.13	0.36	(0.66)	1.12	(0.85)	3.61
GVIYX	0.48	0.01	(0.04)	0.15	0.21	(0.72)	1.10	(0.72)	3.51
GVIZX	0.47	0.01	(0.04)	0.15	0.17	(0.66)	1.14	(0.72)	3.51
GEIYX	0.67	0.05	0.01	0.19	0.77	(0.71)	1.66	(1.83)	5.10
GEIZX	0.67	0.04	0.01	0.18	0.78	(0.72)	1.69	(1.83)	5.16

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

Emerging Markets Correlations

Emerging Markets Correlation With Market

Modest diversification

Moving together with Emerging Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY