Get a snapshot of current economic and financial market conditions of emerging markets. MacroVar characterizes emerging markets the largest 18 countries in the world in terms of GDP. Click any country to view a detailed analysis of the country's current economic and financial conditions.
Emerging Markets Economic Growth
MacroVar Emerging Markets index is a gauge of developed markets economic grwoth. It is a weighted average of the Manufacturing PMI of the largest emerging 19 economies in the world weighted by each country's GDP. A value higher than 50 indicates growth while a value lower than 50 contraction.
Emerging Markets growth Statistics
Emerging Markets Economies
Get a snapshot of current economic and financial markets of emerging markets. MacroVar characterizes developed markets the largest 19 countries in the world in terms of GDP.
Emerging Financial Markets
|Emerging Bond Risk||RISK.EMRISK||-0.13||0.5||-0.75||-0.66099||48.9942||-255.55||-141.71||-113.51||0.12414|
|Emerging Markets Bonds (EMB)||EMB||97.55||-0.5||-0.75||-2.72688||44.7816||-0.00408||0.02673||-0.05254||-0.10742|
|MSCI Emerging Markets||MSCI.EMERGING||1122.98||0||-1||-2.32842||45.8856||0.00183||0.03438||-0.08832||-0.14695|
|Emerging Markets ETF||EEM||45.97||0||-0.75||-1.71785||53.0297||0.01704||0.011||-0.00304||-0.13379|
|JP Morgan Emerging Market Bonds Risk||EMB||112.4||0.5||1||0.86911||57.8997||0.09||0.22||1.43||0.01025|
|Emerging Currency Strategy Fund||CEW||17.56||1||0.25||-0.46318||66.8983||0.01327||0.0251||0.02871||-0.01015|
|CDX Emerging Markets Index||EM.CDXEM||277.28||0.5||0.75||2.38341||48.7198||0.02753||-0.20411||0.25319||0.53202|
|EM Y/Y vs Global PMI Y/Y||EMPMI.FACT.GLOBALPMI|
|EM Y/Y vs EEM Y/Y||EEM.FACT.EMPMI||49.69|
|EM Y/Y vs 10Y Y/Y||EMPMI.FACT.US10Y||0.93|
|EM Y/Y vs DXY Y/Y||EMPMI.FACT.DXY||91.297|
|EM Y/Y vs US 10Y Y/Y||EMPMI.FACT.US10Y|
|EM Y/Y vs DXY Y/Y||EMPMI.FACT.DXY|
|EEM Y/Y vs EMB Y/Y||EEM.FACT.EMB|
Emerging Markets Risk Model
Risk Management model
Emerging market risk model
Emerging market risk is modeled by monitoring credit risk in emerging markets. Credit risk is the likelihood that a company or a government goes bankrupt and the amount the investor loses if it happens. Credit risky securities include corporate debt securities like corporate bonds and bank loans and sovereign debt.
Credit default swaps are widely used derivatives used in credit risk management to describe market perceptions of credit risk for a specific government or corporation. Credit default swaps (CDS) are derivatives contracts which by construction aim at quantifying the risk of default of a counterparty. Therefore, CDS written major financial institutions or corporations are early signals to monitor and detect elevated credit risk conditions in the global financial system.
MacroVar monitors CDX emerging markets index. CDX emerging markets index is composed of fifteen sovereign entities that trade in the CDS market. Extreme values of z-scores greater than two indicate elevated credit risk conditions and vice-versa.