Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMQCX Fund  USD 7.92  0.02  0.25%   
The current 90-days correlation between Ashmore Emerging Markets and Doubleline Global Bond is 0.34 (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

Very weak diversification

The correlation between Ashmore Emerging Markets and DJI is 0.4 (i.e., Very weak 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 main economic indicators.

Moving together with Ashmore Mutual Fund

  0.8EMCIX Ashmore Emerging MarketsPairCorr
  0.96EMECX Ashmore Emerging MarketsPairCorr
  0.96EMEAX Ashmore Emerging MarketsPairCorr
  0.97EMFIX Ashmore Emerging MarketsPairCorr
  0.88EMKIX Ashmore Emerging MarketsPairCorr
  0.87EMKCX Ashmore Emerging MarketsPairCorr
  0.87EMKAX Ashmore Emerging MarketsPairCorr
  0.82ESFIX Ashmore Emerging MarketsPairCorr
  0.88EFEAX Ashmore Emerging MarketsPairCorr
  0.77IGIEX Ashmore Emerging MarketsPairCorr
  0.92VEMAX Vanguard Emerging MarketsPairCorr
  0.92VEIEX Vanguard Emerging MarketsPairCorr
  0.92VEMIX Vanguard Emerging MarketsPairCorr
  0.92VEMRX Vanguard Emerging MarketsPairCorr
  0.91FWWNX American Funds NewPairCorr
  0.91FNFWX American Funds NewPairCorr
  0.75NEWFX New World FundPairCorr
  0.9NWFFX New World FundPairCorr
  0.89NEWCX New World FundPairCorr
  0.97ODVYX Oppenheimer DevelopingPairCorr
  0.88UGPIX Ultrachina ProfundPairCorr
  0.88UGPSX Ultrachina ProfundPairCorr
  0.86PMPIX Precious Metals UltrPairCorr
  0.85DBIWX Dws Global MacroPairCorr
  0.71HRBDX Harbor Bond FundPairCorr
  0.78HWACX Hotchkis Wiley ValuePairCorr
  0.85SGDLX Sprott Gold EquityPairCorr
  0.74GIOIX Guggenheim Macro OppPairCorr
  0.85HTD John Hancock TaxPairCorr
  0.78UTF Cohen And SteersPairCorr
  0.66USGDX Morgan Stanley GovernmentPairCorr
  0.74VICSX Vanguard Intermediate-terPairCorr
  0.76ABNOX Ab Bond InflationPairCorr

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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