Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMKCX Fund  USD 5.05  0.01  0.20%   
The current 90-days correlation between Ashmore Emerging Markets and Pgim Jennison Technology is 0.05 (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

Average diversification

The correlation between Ashmore Emerging Markets and DJI is 0.11 (i.e., Average 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

  0.87EMCIX Ashmore Emerging MarketsPairCorr
  0.92EMECX Ashmore Emerging MarketsPairCorr
  0.94EMEAX Ashmore Emerging MarketsPairCorr
  0.92EMFIX Ashmore Emerging MarketsPairCorr
  0.99EMKIX Ashmore Emerging MarketsPairCorr
  1.0EMKAX Ashmore Emerging MarketsPairCorr
  0.92EMQIX Ashmore Emerging MarketsPairCorr
  0.92EMQCX Ashmore Emerging MarketsPairCorr
  0.91EMQAX Ashmore Emerging MarketsPairCorr
  0.95EMXIX Ashmore Emerging MarketsPairCorr
  0.95EMXCX Ashmore Emerging MarketsPairCorr
  0.95EMXAX Ashmore Emerging MarketsPairCorr
  0.94ESAGX Ashmore Emerging MarketsPairCorr
  0.95ESCIX Ashmore Emerging MarketsPairCorr
  0.92ESCGX Ashmore Emerging MarketsPairCorr
  0.92ESIGX Ashmore Emerging MarketsPairCorr
  0.95ESSCX Ashmore Emerging MarketsPairCorr
  0.93ESSAX Ashmore Emerging MarketsPairCorr
  0.83ECDCX Ashmore Emerging MarketsPairCorr
  0.62ECDAX Ashmore Emerging MarketsPairCorr
  0.91EFEIX Ashmore Emerging MarketsPairCorr
  0.91EFECX Ashmore Emerging MarketsPairCorr
  0.93IGAEX Ashmore Emerging MarketsPairCorr
  0.93IGCEX Ashmore Emerging MarketsPairCorr
  0.97IGIEX Ashmore Emerging MarketsPairCorr
  0.92ELBIX Ashmore Emerging MarketsPairCorr
  0.92ELBCX Ashmore Emerging MarketsPairCorr
  0.93ELBAX Ashmore Emerging MarketsPairCorr
  0.96FGBMX Fidelity New MarketsPairCorr
  0.97FGZMX Fidelity New MarketsPairCorr
  0.96FGWMX Fidelity New MarketsPairCorr
  0.96FGVMX Fidelity New MarketsPairCorr
  0.96FGYMX Fidelity New MarketsPairCorr
  0.96MEDIX Mfs Emerging MarketsPairCorr
  0.96MEDCX Mfs Emerging MarketsPairCorr
  0.96MEDAX 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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