Ashmore Emerging Correlations

EMQIX Fund

USD 9.69 0.04 0.41%

The current 90-days correlation between Ashmore Emerging Markets and Abr Dynamic Blend is 0.11 (i.e., Average 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 weak diversification

The correlation between Ashmore Emerging Markets and DJI is 0.48 (i.e., Very 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 gross domestic product.

Moving together with Ashmore Mutual Fund

0.86	EMFIX	Ashmore Emerging Markets	Pair Corr
0.84	EMXIX	Ashmore Emerging Markets	Pair Corr
0.94	ESCIX	Ashmore Emerging Markets	Pair Corr
0.77	IGIEX	Ashmore Emerging Markets	Pair Corr
0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.94	VEMRX	Vanguard Emerging Markets	Pair Corr
0.92	FWWNX	American Funds New	Pair Corr
0.96	FNFWX	American Funds New	Pair Corr
0.92	NEWFX	New World Fund	Pair Corr
0.92	NWFFX	New World Fund	Pair Corr
0.92	NEWCX	New World Fund	Pair Corr
0.96	ODVYX	Oppenheimer Developing	Pair Corr
0.8	SMPSX	Semiconductor Ultrasector	Pair Corr
0.85	SMPIX	Semiconductor Ultrasector	Pair Corr
0.93	FELIX	Fidelity Advisor Sem	Pair Corr
0.88	ONERX	One Rock Fund	Pair Corr
0.89	RYVYX	Nasdaq 100 2x	Pair Corr
0.89	RYVLX	Nasdaq 100 2x	Pair Corr
0.93	FSELX	Fidelity Select Semi	Pair Corr
0.9	PTEZX	Prudential Qma Large	Pair Corr
0.88	ASCLX	Ab Select Longshort	Pair Corr
0.74	HRLAX	Hartford Global	Pair Corr
0.81	UITCX	Usaa Intermediate Term	Pair Corr
0.82	SSHVX	Sound Shore Fund	Pair Corr
0.88	REEAX	Rbc Emerging Markets	Pair Corr
0.85	PCSIX	Pace Strategic Fixed	Pair Corr
0.9	PLWIX	Principal Lifetime 2020	Pair Corr
0.77	MNMCX	Pro Blend Moderate	Pair Corr
0.71	CMERX	Calvert Emerging Markets	Pair Corr
0.75	DNIOX	Dunham International	Pair Corr
0.88	CIPGX	American Funds Servative	Pair Corr
0.86	MHD	Blackrock Muniholdings	Pair Corr

Moving against Ashmore Mutual Fund

0.51

CEE

Central Europe Russia

Pair Corr

Related Correlations Analysis

	ABRTX	RTIUX	EXDAX	DHGAX	REMVX	TAAJX	QDIBX
ABRTX		0.81	0.74	0.85	0.93	0.9	0.76	ABRTX
RTIUX	0.81		0.78	0.79	0.84	0.91	0.72	RTIUX
EXDAX	0.74	0.78		0.9	0.78	0.82	0.9	EXDAX
DHGAX	0.85	0.79	0.9		0.88	0.89	0.98	DHGAX
REMVX	0.93	0.84	0.78	0.88		0.87	0.82	REMVX
TAAJX	0.9	0.91	0.82	0.89	0.87		0.83	TAAJX
QDIBX	0.76	0.72	0.9	0.98	0.82	0.83		QDIBX
	ABRTX	RTIUX	EXDAX	DHGAX	REMVX	TAAJX	QDIBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABRTX	0.46	0.04	(0.02)	3.86	0.62	(0.45)	0.99	(1.07)	3.81
RTIUX	0.52	0.00	(0.02)	0.05	0.69	(0.53)	0.94	(1.13)	3.18
EXDAX	0.17	0.01	(0.13)	0.10	0.07	(0.22)	0.37	(0.36)	0.95
DHGAX	0.12	0.01	(0.26)	0.23	0.00	(0.14)	0.25	(0.20)	0.73
REMVX	0.65	0.11	0.10	0.22	0.72	(0.72)	1.38	(0.83)	4.64
TAAJX	0.25	0.02	(0.07)	0.22	0.27	(0.29)	0.53	(0.52)	1.57
QDIBX	0.18	0.02	(0.12)	0.23	0.07	(0.22)	0.44	(0.33)	1.09

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