Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Fund
UIEMX Fund  USD 20.80  0.02  0.1%   
The current 90-days correlation between Emerging Markets and Qs Moderate Growth is 0.56 (i.e., Very 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

Weak diversification

The correlation between Emerging Markets Fund and DJI is 0.35 (i.e., Weak 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 World Market Map 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 population.

Moving together with Emerging Mutual Fund

  0.79UIIFX International FundPairCorr
  0.66UIPMX Precious Metals AndPairCorr
  0.89VEMAX Vanguard Emerging MarketsPairCorr
  0.89VEIEX Vanguard Emerging MarketsPairCorr
  0.88VEMIX Vanguard Emerging MarketsPairCorr
  0.88VEMRX Vanguard Emerging MarketsPairCorr
  0.97FWWNX American Funds NewPairCorr
  0.97FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.98NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.66RYMEX Commodities StrategyPairCorr
  0.67RYMJX Commodities StrategyPairCorr

Moving against Emerging Mutual Fund

  0.62XGEIX Guggenheim Energy IncomePairCorr

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   
TCTZX
+ 1.0
JALMX
URFRX
+ 0.94
SCGCX
SMOAX
+ 0.89
JALMX
TCTZX
+ 0.87
SMOAX
JALMX
+ 0.86
URFRX
TCTZX
+ 0.86
URFRX
  
High negative correlations   
MODRX
- 0.25
SCGCX
MODRX
- 0.05
URFRX

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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