Emerging Markets Correlations

JEVAX Fund

USD 10.92 0.08 0.74%

The current 90-days correlation between Emerging Markets and Nationwide Global Equity is 0.39 (i.e., Weak 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 Emerging Markets Fund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Fund 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 Fund. 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 nation.

Related Correlations Analysis

	GGESX	VOLMX	IAFLX	SMPIX	TFCCX	APDTX	FSTKX
GGESX		0.73	0.77	0.63	0.64	0.79	0.75	GGESX
VOLMX	0.73		0.96	0.79	0.96	0.92	0.97	VOLMX
IAFLX	0.77	0.96		0.86	0.89	0.97	0.95	IAFLX
SMPIX	0.63	0.79	0.86		0.64	0.81	0.72	SMPIX
TFCCX	0.64	0.96	0.89	0.64		0.85	0.96	TFCCX
APDTX	0.79	0.92	0.97	0.81	0.85		0.94	APDTX
FSTKX	0.75	0.97	0.95	0.72	0.96	0.94		FSTKX
	GGESX	VOLMX	IAFLX	SMPIX	TFCCX	APDTX	FSTKX

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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
GGESX	0.60	(0.06)	(0.09)	0.06	0.80	(0.61)	1.12	(1.36)	3.48
VOLMX	0.60	0.00	(0.01)	0.13	0.58	(0.70)	1.14	(1.35)	4.49
IAFLX	0.75	0.01	(0.01)	0.14	1.01	(0.72)	1.72	(2.08)	4.92
SMPIX	2.61	(0.19)	(0.01)	0.03	3.88	(2.40)	4.26	(6.39)	17.06
TFCCX	0.50	0.01	(0.03)	0.14	0.39	(0.57)	0.93	(0.98)	3.59
APDTX	0.78	0.05	0.02	0.18	1.01	(0.78)	1.73	(1.27)	5.07
FSTKX	0.52	0.04	0.03	0.18	0.33	(0.62)	1.10	(0.86)	3.60

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Emerging Markets Correlations

Emerging Markets Correlation With Market

Average diversification

Related Correlations Analysis

Risk-Adjusted Indicators

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