Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
ECDCX Fund  USD 5.48  0.01  0.18%   
The current 90-days correlation between Ashmore Emerging Markets and Cornerstone Moderately Aggressive is 0.39 (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

Modest diversification

The correlation between Ashmore Emerging Markets and DJI is 0.24 (i.e., Modest 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

  0.99EMCIX Ashmore Emerging MarketsPairCorr
  0.66EMECX Ashmore Emerging MarketsPairCorr
  0.71EMEAX Ashmore Emerging MarketsPairCorr
  0.66EMFIX Ashmore Emerging MarketsPairCorr
  0.8EMKIX Ashmore Emerging MarketsPairCorr
  0.83EMKCX Ashmore Emerging MarketsPairCorr
  0.83EMKAX Ashmore Emerging MarketsPairCorr
  0.66EMQIX Ashmore Emerging MarketsPairCorr
  0.66EMQCX Ashmore Emerging MarketsPairCorr
  0.65EMQAX Ashmore Emerging MarketsPairCorr
  0.7EMXIX Ashmore Emerging MarketsPairCorr
  0.7EMXCX Ashmore Emerging MarketsPairCorr
  0.7EMXAX Ashmore Emerging MarketsPairCorr
  0.71ESAGX Ashmore Emerging MarketsPairCorr
  0.7ESCIX Ashmore Emerging MarketsPairCorr
  0.66ESCGX Ashmore Emerging MarketsPairCorr
  0.66ESIGX Ashmore Emerging MarketsPairCorr
  0.7ESSCX Ashmore Emerging MarketsPairCorr
  0.66ESSAX Ashmore Emerging MarketsPairCorr
  0.93ECDAX Ashmore Emerging MarketsPairCorr
  0.65EFEIX Ashmore Emerging MarketsPairCorr
  0.65EFECX Ashmore Emerging MarketsPairCorr
  0.95IGAEX Ashmore Emerging MarketsPairCorr
  0.95IGCEX Ashmore Emerging MarketsPairCorr
  0.92IGIEX Ashmore Emerging MarketsPairCorr
  0.86FGBMX Fidelity New MarketsPairCorr
  0.92FGZMX Fidelity New MarketsPairCorr
  0.92FGWMX Fidelity New MarketsPairCorr
  0.92FGVMX Fidelity New MarketsPairCorr
  0.92FGYMX Fidelity New MarketsPairCorr
  0.85MEDIX Mfs Emerging MarketsPairCorr
  0.9MEDCX Mfs Emerging MarketsPairCorr
  0.89MEDAX Mfs 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.

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