Ashmore Emerging Correlations
| ESDCXDelisted Fund | USD 8.80 0.00 0.00% |
The current 90-days correlation between Ashmore Emerging Markets and World Precious Minerals is 0.04 (i.e., Significant 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 0.09 (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.
Ashmore |
Moving together with Ashmore Mutual Fund
| 0.67 | FGBMX | Fidelity New Markets | PairCorr |
| 0.67 | FGZMX | Fidelity New Markets | PairCorr |
| 0.67 | FGWMX | Fidelity New Markets | PairCorr |
| 0.67 | FGVMX | Fidelity New Markets | PairCorr |
| 0.65 | FGYMX | Fidelity New Markets | PairCorr |
| 0.67 | MEDIX | Mfs Emerging Markets | PairCorr |
| 0.65 | MEDCX | Mfs Emerging Markets | PairCorr |
| 0.67 | MEDAX | Mfs Emerging Markets | PairCorr |
| 0.66 | MEDBX | Mfs Emerging Markets | PairCorr |
| 0.67 | MEDEX | Mfs Emerging Markets | PairCorr |
| 0.68 | PFN | Pimco Income Strategy | PairCorr |
| 0.69 | HTD | John Hancock Tax | PairCorr |
| 0.78 | UTF | Cohen And Steers | PairCorr |
| 0.76 | TRV | The Travelers Companies | PairCorr |
| 0.64 | GE | GE Aerospace | PairCorr |
| 0.72 | T | ATT Inc Aggressive Push | PairCorr |
| 0.75 | CVX | Chevron Corp | PairCorr |
| 0.74 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.72 | MMM | 3M Company | PairCorr |
Moving against Ashmore Mutual Fund
| 0.54 | XNXJX | Nuveen New Jersey | PairCorr |
| 0.53 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.39 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.8 | DIS | Walt Disney | PairCorr |
| 0.74 | HPQ | HP Inc | PairCorr |
| 0.68 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.59 | AXP | American Express | PairCorr |
| 0.55 | AA | Alcoa Corp | PairCorr |
| 0.4 | CAT | Caterpillar | PairCorr |
| 0.33 | MRK | Merck Company | PairCorr |
| 0.32 | BA | Boeing | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UNWPX | 1.26 | 0.31 | 0.17 | 0.91 | 1.37 | 3.11 | 8.41 | |||
| MXKJX | 1.09 | (0.07) | 0.00 | (0.09) | 0.00 | 1.50 | 26.05 | |||
| IOGYX | 1.25 | 0.25 | 0.14 | (1.28) | 1.43 | 2.70 | 7.70 | |||
| FGDIX | 1.24 | 0.36 | 0.22 | 0.81 | 1.29 | 3.15 | 6.82 | |||
| USERX | 1.26 | 0.27 | 0.16 | (1.86) | 1.36 | 3.06 | 7.07 | |||
| OGMCX | 1.26 | 0.28 | 0.16 | 0.47 | 1.44 | 2.70 | 7.69 | |||
| UIPMX | 1.15 | 0.38 | 0.24 | 1.23 | 1.14 | 2.90 | 7.10 |
Ashmore Emerging Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ashmore Emerging mutual fund to make a market-neutral strategy. Peer analysis of Ashmore Emerging could also be used in its relative valuation, which is a method of valuing Ashmore Emerging by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Ashmore Emerging Markets?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.