Ashmore Emerging Markets Fund Market Value

ESFCX Fund  USD 4.60  0.01  0.22%   
Ashmore Emerging's market value is the price at which a share of Ashmore Emerging trades on a public exchange. It measures the collective expectations of Ashmore Emerging Markets investors about its performance. Ashmore Emerging is trading at 4.60 as of the 25th of December 2024; that is 0.22 percent decrease since the beginning of the trading day. The fund's open price was 4.61.
With this module, you can estimate the performance of a buy and hold strategy of Ashmore Emerging Markets and determine expected loss or profit from investing in Ashmore Emerging over a given investment horizon. Check out Ashmore Emerging Correlation, Ashmore Emerging Volatility and Ashmore Emerging Alpha and Beta module to complement your research on Ashmore Emerging.
Symbol

Please note, there is a significant difference between Ashmore Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashmore Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashmore Emerging's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ashmore Emerging 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ashmore Emerging's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ashmore Emerging.
0.00
01/05/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/25/2024
0.00
If you would invest  0.00  in Ashmore Emerging on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Ashmore Emerging Markets or generate 0.0% return on investment in Ashmore Emerging over 720 days. Ashmore Emerging is related to or competes with Ashmore Emerging, Ashmore Emerging, Ashmore Emerging, Ashmore Emerging, Ashmore Emerging, Ashmore Emerging, and Ashmore Emerging. The fund seeks to achieve its objective by investing principally in short-term debt instruments of, and derivative instr... More

Ashmore Emerging Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ashmore Emerging's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ashmore Emerging Markets upside and downside potential and time the market with a certain degree of confidence.

Ashmore Emerging Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashmore Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashmore Emerging's standard deviation. In reality, there are many statistical measures that can use Ashmore Emerging historical prices to predict the future Ashmore Emerging's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashmore Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
4.294.604.91
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Intrinsic
Valuation
LowRealHigh
4.144.454.76
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Ashmore Emerging Markets Backtested Returns

At this stage we consider Ashmore Mutual Fund to be very steady. Ashmore Emerging Markets secures Sharpe Ratio (or Efficiency) of 0.0241, which signifies that the fund had a 0.0241% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Ashmore Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Ashmore Emerging's mean deviation of 0.1984, and Risk Adjusted Performance of 0.0369 to double-check if the risk estimate we provide is consistent with the expected return of 0.0074%. The fund shows a Beta (market volatility) of -0.0685, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ashmore Emerging are expected to decrease at a much lower rate. During the bear market, Ashmore Emerging is likely to outperform the market.

Auto-correlation

    
  0.46  

Average predictability

Ashmore Emerging Markets has average predictability. Overlapping area represents the amount of predictability between Ashmore Emerging time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ashmore Emerging Markets price movement. The serial correlation of 0.46 indicates that about 46.0% of current Ashmore Emerging price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.08
Residual Average0.0
Price Variance0.02

Ashmore Emerging Markets lagged returns against current returns

Autocorrelation, which is Ashmore Emerging mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ashmore Emerging's mutual fund expected returns. We can calculate the autocorrelation of Ashmore Emerging returns to help us make a trade decision. For example, suppose you find that Ashmore Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Ashmore Emerging regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ashmore Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashmore Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashmore Emerging mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Ashmore Emerging Lagged Returns

When evaluating Ashmore Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashmore Emerging mutual fund have on its future price. Ashmore Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ashmore Emerging autocorrelation shows the relationship between Ashmore Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ashmore Emerging Markets.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Ashmore Mutual Fund

Ashmore Emerging financial ratios help investors to determine whether Ashmore Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ashmore with respect to the benefits of owning Ashmore Emerging security.
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