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Do you worry about the emerging stock market's volatility? One idea is to consider a stock's recent correlation to volatility. We ran a screen on BRIC stocks with this idea in mind.

We began by screening the BRIC universe for stocks with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform in the future.

We then screened for those with strong positive correlations to the volatility (VIX) index over the last two months. This indicates that these stocks have tended to outperform when market uncertainty and volatility spiked. This may bode well if the market sees more volatility in the future. Of course, past performance is no guarantee of future returns.

For an ‪interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.‬

(click to enlarge)

Tool provided by Kapitall (kapitall.com).

Do you think these BRIC stocks would weather a stock market storm? Use this list as a starting point for your own analysis.

List sorted by correlation to VIX.

1. New Oriental Education & Technology Group (NYSE:EDU): Provides private educational services primarily in the People's Republic of China. Market cap at $522.62M, most recent closing price at $13.61. China. Net institutional purchases in the current quarter at 6.8M shares, which represents about 5.71% of the company's float of 119.05M shares. Correlation with the VIX index at 0.683 over the last 60 days.

2. Companhia Siderurgica Nacional (NYSE:SID): Operates as an integrated steel producer in Brazil and Latin America. Market cap at $7.39B, most recent closing price at $5.07. Brazil. Net institutional purchases in the current quarter at 100.4M shares, which represents about 14.3% of the company's float of 702.01M shares. Correlation with the VIX index at 0.596 over the last 60 days.

3. TAL Education Group (NYSE:XRS): Provides K-12 after-school tutoring services in the People's Republic of China. Market cap at $650.83M, most recent closing price at $8.40. China. Net institutional purchases in the current quarter at 10.8M shares, which represents about 37.24% of the company's float of 29.00M shares. Correlation with the VIX index at 0.629 over the last 60 days.

4. Youku Inc. (NYSE:YOKU): Operates as an Internet television company in the People's Republic of China. Market cap at $2.02B, most recent closing price at $17.30. China. Net institutional purchases in the current quarter at 2.9M shares, which represents about 5.24% of the company's float of 55.32M shares. Correlation with the VIX index at 0.698 over the last 60 days.

*Institutional data sourced from Fidelity. Price data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: Hedge Funds Love These 4 BRIC Stocks Positively Correlated To Volatility