Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMKAX Fund  USD 4.99  0.01  0.20%   
The current 90-days correlation between Ashmore Emerging Markets and Queens Road Small is 0.34 (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

Weak diversification

The correlation between Ashmore Emerging Markets and DJI is 0.3 (i.e., Weak 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

  0.76EMCIX Ashmore Emerging MarketsPairCorr
  0.65EMECX Ashmore Emerging MarketsPairCorr
  0.65EMEAX Ashmore Emerging MarketsPairCorr
  0.81EMKIX Ashmore Emerging MarketsPairCorr
  0.82EMKCX Ashmore Emerging MarketsPairCorr
  0.64EMQIX Ashmore Emerging MarketsPairCorr
  0.93EMQCX Ashmore Emerging MarketsPairCorr
  0.64EMQAX Ashmore Emerging MarketsPairCorr
  0.68EMXIX Ashmore Emerging MarketsPairCorr
  0.69EMXCX Ashmore Emerging MarketsPairCorr
  0.95EMXAX Ashmore Emerging MarketsPairCorr
  0.66ESAGX Ashmore Emerging MarketsPairCorr
  0.67ESCIX Ashmore Emerging MarketsPairCorr
  0.92ESIGX Ashmore Emerging MarketsPairCorr
  0.65ESSCX Ashmore Emerging MarketsPairCorr
  0.93ESSAX Ashmore Emerging MarketsPairCorr
  0.97ECDCX Ashmore Emerging MarketsPairCorr
  0.94ECDAX Ashmore Emerging MarketsPairCorr
  0.88EFEIX Ashmore Emerging MarketsPairCorr
  0.89EFECX Ashmore Emerging MarketsPairCorr
  0.98IGCEX Ashmore Emerging MarketsPairCorr
  0.98IGIEX Ashmore Emerging MarketsPairCorr
  0.74ELBIX Ashmore Emerging MarketsPairCorr
  0.98ELBCX Ashmore Emerging MarketsPairCorr
  0.72FGBMX Fidelity New MarketsPairCorr
  0.97FGZMX Fidelity New MarketsPairCorr
  0.97FGWMX Fidelity New MarketsPairCorr
  0.97FGVMX Fidelity New MarketsPairCorr
  0.97FGYMX Fidelity New MarketsPairCorr
  0.97MEDIX Mfs Emerging MarketsPairCorr
  0.97MEDCX Mfs Emerging MarketsPairCorr
  0.73MEDAX Mfs Emerging MarketsPairCorr
  0.97MEDBX Mfs Emerging MarketsPairCorr
  0.73MEDEX Mfs Emerging MarketsPairCorr
  0.8MGGYX Mirova Global GreenPairCorr

Moving against Ashmore Mutual Fund

  0.44EFEAX Ashmore Emerging MarketsPairCorr
  0.34ESFCX 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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