Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMCIX Fund  USD 5.69  0.01  0.18%   
The current 90-days correlation between Ashmore Emerging Markets and Dws Equity Sector is 0.14 (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

Significant diversification

The correlation between Ashmore Emerging Markets and DJI is 0.04 (i.e., Significant 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

  0.92EMECX Ashmore Emerging MarketsPairCorr
  0.92EMEAX Ashmore Emerging MarketsPairCorr
  0.98EMKIX Ashmore Emerging MarketsPairCorr
  0.97EMKCX Ashmore Emerging MarketsPairCorr
  0.97EMKAX Ashmore Emerging MarketsPairCorr
  0.93EMQIX Ashmore Emerging MarketsPairCorr
  0.93EMQCX Ashmore Emerging MarketsPairCorr
  0.93EMQAX Ashmore Emerging MarketsPairCorr
  0.93EMXIX Ashmore Emerging MarketsPairCorr
  0.94EMXCX Ashmore Emerging MarketsPairCorr
  0.94EMXAX Ashmore Emerging MarketsPairCorr
  0.92ESAGX Ashmore Emerging MarketsPairCorr
  0.93ESCIX Ashmore Emerging MarketsPairCorr
  0.92ESIGX Ashmore Emerging MarketsPairCorr
  0.93ESSCX Ashmore Emerging MarketsPairCorr
  0.92ESSAX Ashmore Emerging MarketsPairCorr
  0.97ECDAX Ashmore Emerging MarketsPairCorr
  0.88EFEIX Ashmore Emerging MarketsPairCorr
  0.88EFECX Ashmore Emerging MarketsPairCorr
  0.85EFEAX Ashmore Emerging MarketsPairCorr
  0.95IGCEX Ashmore Emerging MarketsPairCorr
  0.97IGIEX Ashmore Emerging MarketsPairCorr
  0.95ELBIX Ashmore Emerging MarketsPairCorr
  0.96ELBCX 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
  0.97MEDIX Mfs Emerging MarketsPairCorr
  0.97MEDCX Mfs Emerging MarketsPairCorr
  0.96MEDAX Mfs Emerging MarketsPairCorr
  0.97MEDBX Mfs Emerging MarketsPairCorr
  0.97MEDEX Mfs Emerging MarketsPairCorr
  0.81MGGYX Mirova Global GreenPairCorr

Moving against Ashmore Mutual Fund

  0.38ESFCX 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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