Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
ESDAX Fund  USD 8.78  0.00  0.00%   
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 0.16 (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 nation.

Moving together with Ashmore Mutual Fund

  0.91ESDIX Ashmore Emerging MarketsPairCorr

Moving against Ashmore Mutual Fund

  0.63ESIGX Ashmore Emerging MarketsPairCorr
  0.61ESCGX Ashmore Emerging MarketsPairCorr
  0.6EMECX Ashmore Emerging MarketsPairCorr
  0.6EMEAX Ashmore Emerging MarketsPairCorr
  0.6EMFIX Ashmore Emerging MarketsPairCorr
  0.6ESAGX Ashmore Emerging MarketsPairCorr
  0.58EMQCX Ashmore Emerging MarketsPairCorr
  0.57EMQAX Ashmore Emerging MarketsPairCorr
  0.56EMQIX Ashmore Emerging MarketsPairCorr
  0.47EMKCX Ashmore Emerging MarketsPairCorr
  0.4ESSCX Ashmore Emerging MarketsPairCorr
  0.39ESCIX Ashmore Emerging MarketsPairCorr
  0.32ESSAX Ashmore Emerging MarketsPairCorr
  0.64ELBCX Ashmore Emerging MarketsPairCorr
  0.62ELBIX Ashmore Emerging MarketsPairCorr
  0.61ELBAX Ashmore Emerging MarketsPairCorr
  0.53SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.32ECDAX Ashmore Emerging MarketsPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMCIX  0.16 (0.03) 0.00  7.11  0.00 
 0.00 
 0.35 
(0.35)
 1.22 
EMECX  0.67 (0.17) 0.00 (1.37) 0.00 
 0.00 
 1.32 
(1.62)
 4.38 
EMEAX  0.66 (0.17) 0.00 (1.35) 0.00 
 0.00 
 1.30 
(1.58)
 4.38 
EMFIX  0.66 (0.17) 0.00 (1.40) 0.00 
 0.00 
 1.26 
(1.64)
 4.47 
EMKIX  0.27 (0.07) 0.00 (1.87) 0.00 
 0.00 
 0.41 
(0.60)
 1.63 
EMKCX  0.26 (0.08) 0.00 (14.68) 0.00 
 0.00 
 0.41 
(0.62)
 1.86 
EMKAX  0.26 (0.07) 0.00 (10.21) 0.00 
 0.00 
 0.42 
(0.60)
 1.66 
EMQIX  0.67 (0.15) 0.00 (1.32) 0.00 
 0.00 
 1.22 
(1.99)
 4.36 
EMQCX  0.65 (0.15) 0.00 (1.25) 0.00 
 0.00 
 1.14 
(2.07)
 4.16 
EMQAX  0.66 (0.15) 0.00 (1.49) 0.00 
 0.00 
 1.23 
(2.13)
 4.32 

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