Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
ELBAX Fund  USD 6.15  0.01  0.16%   
The current 90-days correlation between Ashmore Emerging Markets and World Energy Fund is 0.35 (i.e., Weak diversification). The correlation of Ashmore Emerging 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.

Ashmore Emerging Correlation With Market

Significant diversification

The correlation between Ashmore Emerging Markets and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ashmore Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ashmore Emerging Markets. 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.

Moving together with Ashmore Mutual Fund

  0.84EMCIX Ashmore Emerging MarketsPairCorr
  0.78EMECX Ashmore Emerging MarketsPairCorr
  0.78EMEAX Ashmore Emerging MarketsPairCorr
  0.85EMFIX Ashmore Emerging MarketsPairCorr
  0.92EMKIX Ashmore Emerging MarketsPairCorr
  0.97EMKAX Ashmore Emerging MarketsPairCorr
  0.92EMQIX Ashmore Emerging MarketsPairCorr
  0.92EMQCX Ashmore Emerging MarketsPairCorr
  0.71ESCIX Ashmore Emerging MarketsPairCorr
  0.71ESCGX Ashmore Emerging MarketsPairCorr
  0.65ESDCX Ashmore Emerging MarketsPairCorr
  0.63ESFCX Ashmore Emerging MarketsPairCorr
  0.78ESIGX Ashmore Emerging MarketsPairCorr
  0.71ESSAX Ashmore Emerging MarketsPairCorr
  0.94ECDCX Ashmore Emerging MarketsPairCorr
  0.75EFEIX Ashmore Emerging MarketsPairCorr
  0.61EFECX Ashmore Emerging MarketsPairCorr
  0.75EFEAX Ashmore Emerging MarketsPairCorr
  0.93IGIEX Ashmore Emerging MarketsPairCorr
  1.0ELBIX Ashmore Emerging MarketsPairCorr
  1.0ELBCX Ashmore Emerging MarketsPairCorr
  0.92PLMPX Pimco Emerging MarketsPairCorr
  0.91PLMIX Pimco Emerging MarketsPairCorr
  0.97PELPX Pimco Emerging LocalPairCorr
  0.97PELBX Pimco Emerging LocalPairCorr
  0.97PELAX Pimco Emerging LocalPairCorr
  0.98PELCX Pimco Emerging LocalPairCorr
  0.97PELNX Pimco Emerging LocalPairCorr
  0.96EEIAX Eaton Vance EmergingPairCorr
  0.88EEIIX Eaton Vance EmergingPairCorr
  0.96EEICX Eaton Vance EmergingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ashmore Mutual Fund performing well and Ashmore Emerging 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 Ashmore Emerging's 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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