Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMEAX Fund  USD 12.95  0.11  0.86%   
The current 90-days correlation between Ashmore Emerging Markets and Nuveen Winslow Large Cap is 0.74 (i.e., Poor 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

Very poor diversification

The correlation between Ashmore Emerging Markets and DJI is 0.8 (i.e., Very poor 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

  0.79EMCIX Ashmore Emerging MarketsPairCorr
  1.0EMECX Ashmore Emerging MarketsPairCorr
  1.0EMFIX Ashmore Emerging MarketsPairCorr
  0.95EMKIX Ashmore Emerging MarketsPairCorr
  0.94EMKCX Ashmore Emerging MarketsPairCorr
  0.94EMKAX Ashmore Emerging MarketsPairCorr
  1.0EMQIX Ashmore Emerging MarketsPairCorr
  1.0EMQCX Ashmore Emerging MarketsPairCorr
  1.0EMQAX Ashmore Emerging MarketsPairCorr
  0.99EMXIX Ashmore Emerging MarketsPairCorr
  0.99EMXCX Ashmore Emerging MarketsPairCorr
  0.99EMXAX Ashmore Emerging MarketsPairCorr
  1.0ESAGX Ashmore Emerging MarketsPairCorr
  0.99ESCIX Ashmore Emerging MarketsPairCorr
  1.0ESCGX Ashmore Emerging MarketsPairCorr
  1.0ESIGX Ashmore Emerging MarketsPairCorr
  0.99ESSCX Ashmore Emerging MarketsPairCorr
  1.0ESSAX Ashmore Emerging MarketsPairCorr
  0.75ECDCX Ashmore Emerging MarketsPairCorr
  0.98EFEIX Ashmore Emerging MarketsPairCorr
  0.98EFECX Ashmore Emerging MarketsPairCorr
  0.86IGAEX Ashmore Emerging MarketsPairCorr
  0.85IGCEX Ashmore Emerging MarketsPairCorr
  0.9IGIEX Ashmore Emerging MarketsPairCorr
  0.93ELBIX Ashmore Emerging MarketsPairCorr
  0.93ELBCX Ashmore Emerging MarketsPairCorr
  0.93ELBAX Ashmore Emerging MarketsPairCorr
  1.0VEMAX Vanguard Emerging MarketsPairCorr
  1.0VEIEX Vanguard Emerging MarketsPairCorr
  1.0VEMIX Vanguard Emerging MarketsPairCorr
  1.0VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  1.0NEWFX New World FundPairCorr
  1.0NWFFX New World FundPairCorr

Moving against Ashmore Mutual Fund

  0.38ESFCX Ashmore Emerging MarketsPairCorr
  0.37ESFAX 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.

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