Emerging Markets Correlations
| ELMYXDelisted Fund | USD 22.40 0.00 0.00% |
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
Significant diversification
The correlation between Emerging Markets Leaders and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Leaders and DJI in the same portfolio, assuming nothing else is changed.
Emerging |
Moving together with Emerging Mutual Fund
| 0.63 | WMT | Walmart Aggressive Push | PairCorr |
Moving against Emerging Mutual Fund
| 0.47 | NHS | Neuberger Berman High | PairCorr |
| 0.47 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.45 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.36 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.35 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | VGTSX | Vanguard Total Inter | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| REMEX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELMZX | 0.80 | 0.02 | (0.05) | 0.19 | 1.00 | 1.78 | 4.35 | |||
| ELMYX | 0.80 | 0.01 | (0.08) | 0.22 | 1.03 | 1.77 | 4.36 | |||
| ELMIX | 0.80 | 0.01 | (0.08) | 0.23 | 1.03 | 1.78 | 4.35 | |||
| TEEMX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EUROX | 0.74 | 0.04 | (0.02) | 0.37 | 1.39 | 1.50 | 5.90 | |||
| EMAPX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EMCPX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UAEMX | 0.68 | 0.12 | (0.02) | (0.26) | 0.65 | 1.90 | 5.34 |
Emerging Markets Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Emerging Markets mutual fund to make a market-neutral strategy. Peer analysis of Emerging Markets could also be used in its relative valuation, which is a method of valuing Emerging Markets by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Emerging Markets Leaders?
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