Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
ESCGX Fund  USD 10.51  0.02  0.19%   
The current 90-days correlation between Ashmore Emerging Markets and Calamos Dynamic Convertible is -0.1 (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

Good diversification

The correlation between Ashmore Emerging Markets and DJI is -0.05 (i.e., Good 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 price.

Moving together with Ashmore Mutual Fund

  0.64EMCIX Ashmore Emerging MarketsPairCorr
  0.83EMECX Ashmore Emerging MarketsPairCorr
  0.82EMEAX Ashmore Emerging MarketsPairCorr
  0.82EMFIX Ashmore Emerging MarketsPairCorr
  0.7EMKIX Ashmore Emerging MarketsPairCorr
  0.69EMKCX Ashmore Emerging MarketsPairCorr
  0.69EMKAX Ashmore Emerging MarketsPairCorr
  0.79EMQCX Ashmore Emerging MarketsPairCorr
  0.68EFEAX Ashmore Emerging MarketsPairCorr
  0.65IGIEX Ashmore Emerging MarketsPairCorr
  0.78VEMAX Vanguard Emerging MarketsPairCorr
  0.78VEIEX Vanguard Emerging MarketsPairCorr
  0.77VEMIX Vanguard Emerging MarketsPairCorr
  0.77VEMRX Vanguard Emerging MarketsPairCorr
  0.77FWWNX American Funds NewPairCorr
  0.77FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.77NWFFX New World FundPairCorr
  0.76NEWCX New World FundPairCorr
  0.79ODVYX Oppenheimer DevelopingPairCorr
  0.67UGPIX Ultrachina ProfundPairCorr
  0.67UGPSX Ultrachina ProfundPairCorr
  0.73DBIWX Dws Global MacroPairCorr
  0.64HWACX Hotchkis Wiley ValuePairCorr
  0.63SGDLX Sprott Gold EquityPairCorr
  0.62HTD John Hancock TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY