Martin Currie Correlations

MCECX Fund

USD 13.88 0.04 0.29%

The current 90-days correlation between Martin Currie Emerging and Calvert Global Energy is 0.01 (i.e., Significant diversification). The correlation of Martin Currie 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.

Martin Currie Correlation With Market

Good diversification

The correlation between Martin Currie Emerging and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Martin Currie Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Martin Currie Emerging. 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 Martin Mutual Fund

0.71	SAGCX	Clearbridge Aggressive	Pair Corr
0.69	LGASX	Clearbridge Small Cap	Pair Corr
0.75	SAPCX	Clearbridge Appreciation	Pair Corr
0.73	LGSCX	Qs Small Capitalization	Pair Corr
0.62	WABRX	Western Asset E	Pair Corr
0.72	WABSX	Western Asset Interm	Pair Corr
0.67	WAGIX	Western Asset Global	Pair Corr
0.97	SBCLX	Qs Defensive Growth	Pair Corr
0.93	WAHSX	Western Asset High	Pair Corr
0.64	WAPIX	Western Asset E	Pair Corr
0.94	SBICX	Clearbridge International	Pair Corr
0.62	SBILX	Western Asset Porate	Pair Corr
0.98	SBMLX	Clearbridge Mid Cap	Pair Corr
0.96	SBPLX	Clearbridge Dividend	Pair Corr
0.73	WAUCX	Western Asset Total	Pair Corr
0.98	SBSDX	Qs Sp 500	Pair Corr
0.7	WAYRX	Western Asset High	Pair Corr
0.98	SCBCX	Qs Servative Growth	Pair Corr
0.72	SCGCX	Qs Moderate Growth	Pair Corr

Related Correlations Analysis

	CAEIX	ALTEX	IEFCX	ICBAX	XTYGX	GMOWX
CAEIX		0.98	0.91	0.97	0.83	0.96	CAEIX
ALTEX	0.98		0.92	0.97	0.83	0.96	ALTEX
IEFCX	0.91	0.92		0.9	0.82	0.96	IEFCX
ICBAX	0.97	0.97	0.9		0.78	0.95	ICBAX
XTYGX	0.83	0.83	0.82	0.78		0.83	XTYGX
GMOWX	0.96	0.96	0.96	0.95	0.83		GMOWX
	CAEIX	ALTEX	IEFCX	ICBAX	XTYGX	GMOWX

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Risk-Adjusted Indicators

There is a big difference between Martin Mutual Fund performing well and Martin Currie 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 Martin Currie'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
CAEIX	0.65	0.23	0.20	0.52	0.34	(0.83)	1.70	(1.05)	4.46
ALTEX	1.17	0.38	0.28	0.56	0.83	(1.52)	2.69	(1.86)	7.39
IEFCX	0.92	0.16	0.06	0.92	0.84	(1.09)	1.99	(1.53)	4.29
ICBAX	0.93	0.12	0.10	0.26	0.80	(1.05)	2.15	(1.75)	5.13
XTYGX	0.92	0.05	0.00	0.20	1.23	(0.98)	1.94	(2.11)	6.13
GMOWX	1.21	0.25	0.14	0.66	1.04	(1.45)	2.81	(2.06)	7.36

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Martin Currie Correlations

Martin Currie Correlation With Market

Good diversification

Moving together with Martin Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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