Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMCIX Fund  USD 5.78  0.02  0.34%   
The current 90-days correlation between Ashmore Emerging Markets and L Abbett Growth is -0.07 (i.e., Good 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

Average diversification

The correlation between Ashmore Emerging Markets and DJI is 0.17 (i.e., Average 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 gross domestic product.

Moving together with Ashmore Mutual Fund

  0.67EMECX Ashmore Emerging MarketsPairCorr
  0.68EMEAX Ashmore Emerging MarketsPairCorr
  0.69EMFIX Ashmore Emerging MarketsPairCorr
  0.93EMKIX Ashmore Emerging MarketsPairCorr
  0.93EMKAX Ashmore Emerging MarketsPairCorr
  0.81EMQIX Ashmore Emerging MarketsPairCorr
  0.79EMQCX Ashmore Emerging MarketsPairCorr
  0.78ESCIX Ashmore Emerging MarketsPairCorr
  0.76ESDIX Ashmore Emerging MarketsPairCorr
  0.7ESDCX Ashmore Emerging MarketsPairCorr
  0.83ESFCX Ashmore Emerging MarketsPairCorr
  0.69ESIGX Ashmore Emerging MarketsPairCorr
  0.77ESSCX Ashmore Emerging MarketsPairCorr
  0.78ESSAX Ashmore Emerging MarketsPairCorr
  0.98ECDCX Ashmore Emerging MarketsPairCorr
  0.83EFECX Ashmore Emerging MarketsPairCorr
  0.83EFEAX Ashmore Emerging MarketsPairCorr
  0.79IGCEX Ashmore Emerging MarketsPairCorr
  0.84IGIEX Ashmore Emerging MarketsPairCorr
  0.83ELBIX Ashmore Emerging MarketsPairCorr
  0.79ELBCX Ashmore Emerging MarketsPairCorr
  0.8ELBAX Ashmore Emerging MarketsPairCorr
  0.91FGBMX Fidelity New MarketsPairCorr
  0.91FGZMX Fidelity New MarketsPairCorr
  0.9FGWMX Fidelity New MarketsPairCorr
  0.91FGVMX Fidelity New MarketsPairCorr
  0.9FGYMX Fidelity New MarketsPairCorr
  0.78MEDIX Mfs Emerging MarketsPairCorr
  0.73MEDCX Mfs Emerging MarketsPairCorr
  0.75MEDAX Mfs Emerging MarketsPairCorr
  0.73MEDBX Mfs Emerging MarketsPairCorr
  0.75MEDEX Mfs Emerging MarketsPairCorr
  0.66VTSAX Vanguard Total StockPairCorr
  0.65VFIAX Vanguard 500 IndexPairCorr
  0.64VFINX Vanguard 500 IndexPairCorr

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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