Ashmore Emerging Correlations

Mutual Funds USA . 
Fund . Ashmore Emerging Markets
ECDAX Fund  USD 5.47  0.02  0.36%   
The current 90-days correlation between Ashmore Emerging Markets and Goldman Sachs Financial is -0.01 (i.e., Good 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 good diversification

The correlation between Ashmore Emerging Markets and DJI is -0.24 (i.e., Very good 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

  0.98EMCIX Ashmore Emerging MarketsPairCorr
  0.89EMECX Ashmore Emerging MarketsPairCorr
  0.89EMEAX Ashmore Emerging MarketsPairCorr
  0.95EMKIX Ashmore Emerging MarketsPairCorr
  0.95EMKCX Ashmore Emerging MarketsPairCorr
  0.95EMKAX Ashmore Emerging MarketsPairCorr
  0.9EMQIX Ashmore Emerging MarketsPairCorr
  0.9EMQCX Ashmore Emerging MarketsPairCorr
  0.9EMQAX Ashmore Emerging MarketsPairCorr
  0.91EMXIX Ashmore Emerging MarketsPairCorr
  0.91EMXCX Ashmore Emerging MarketsPairCorr
  0.91EMXAX Ashmore Emerging MarketsPairCorr
  0.89ESAGX Ashmore Emerging MarketsPairCorr
  0.9ESCIX Ashmore Emerging MarketsPairCorr
  0.89ESIGX Ashmore Emerging MarketsPairCorr
  0.9ESSCX Ashmore Emerging MarketsPairCorr
  0.9ESSAX Ashmore Emerging MarketsPairCorr
  0.98ECDCX Ashmore Emerging MarketsPairCorr
  0.88EFEIX Ashmore Emerging Markets Steady GrowthPairCorr
  0.88EFECX Ashmore Emerging Markets Steady GrowthPairCorr
  0.83EFEAX Ashmore Emerging Markets Steady GrowthPairCorr
  0.97IGCEX Ashmore Emerging MarketsPairCorr
  0.97IGIEX Ashmore Emerging MarketsPairCorr
  0.91ELBIX Ashmore Emerging MarketsPairCorr
  0.91ELBCX Ashmore Emerging MarketsPairCorr
  0.96FGBMX Fidelity New MarketsPairCorr
  0.96FGZMX Fidelity New MarketsPairCorr
  0.96FGWMX Fidelity New MarketsPairCorr
  0.96FGVMX Fidelity New MarketsPairCorr
  0.96FGYMX Fidelity New MarketsPairCorr
  0.95MEDIX Mfs Emerging MarketsPairCorr
  0.96MEDCX Mfs Emerging MarketsPairCorr
  0.95MEDAX Mfs Emerging MarketsPairCorr
  0.96MEDBX Mfs Emerging MarketsPairCorr
  0.95MEDEX Mfs Emerging MarketsPairCorr
  0.83MGGYX Mirova Global GreenPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY