Martin Currie Correlations

MEFIX Fund

USD 16.37 0.01 0.06%

The current 90-days correlation between Martin Currie Emerging and Invesco Global Health is 0.25 (i.e., Modest 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

Very weak diversification

The correlation between Martin Currie Emerging and DJI is 0.52 (i.e., Very weak 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 gross domestic product.

Moving together with Martin Mutual Fund

0.82	LGFEX	Qs International Equity	Pair Corr
0.82	SAPCX	Clearbridge Appreciation	Pair Corr
0.94	SSMMX	Western Asset Managed	Pair Corr
0.77	WAASX	Western Asset Total	Pair Corr
0.62	LGSCX	Qs Small Capitalization	Pair Corr
0.84	WACSX	Western Asset E	Pair Corr
0.83	WAHSX	Western Asset High	Pair Corr
0.81	WAPSX	Western Asset E	Pair Corr
0.79	WAPRX	Western Asset E	Pair Corr
0.72	WATCX	Western Asset Interm	Pair Corr
0.65	WAUCX	Western Asset Total	Pair Corr
0.69	WAURX	Western Asset Total	Pair Corr
0.94	SCACX	Western Asset California	Pair Corr
0.9	SCBCX	Qs Servative Growth	Pair Corr
0.88	SCGCX	Qs Moderate Growth	Pair Corr
0.88	SCHCX	Qs Growth Fund	Pair Corr
0.83	LIESX	Qs International Equity	Pair Corr
0.84	SDSIX	Western Asset Global	Pair Corr
0.88	LLLRX	Qs Growth Fund	Pair Corr
0.89	LLMRX	Qs Moderate Growth	Pair Corr
0.8	LMGEX	Qs International Equity	Pair Corr
0.84	LMESX	Clearbridge Appreciation	Pair Corr
0.9	LMISX	Qs Large Cap	Pair Corr
0.93	LMLRX	Qs Defensive Growth	Pair Corr
0.82	LMPIX	Clearbridge Appreciation	Pair Corr
0.9	LMTIX	Qs Large Cap	Pair Corr
0.89	LMUSX	Qs Large Cap	Pair Corr
0.9	SILLX	Qs Global Equity	Pair Corr
0.94	SINLX	Western Asset Interm	Pair Corr
0.97	MCECX	Martin Currie Emerging	Pair Corr
1.0	MCEMX	Martin Currie Emerging	Pair Corr
0.82	RGIVX	Rare Global Infrastr	Pair Corr

Moving against Martin Mutual Fund

0.48	LGASX	Clearbridge Small Cap	Pair Corr
0.47	LISGX	Clearbridge Small Cap	Pair Corr

Related Correlations Analysis

	GTHCX	PGHAX	AHSAX	LYFAX	BHCHX	LHCCX	PHSRX
GTHCX		0.96	0.95	0.96	0.98	0.98	0.96	GTHCX
PGHAX	0.96		0.96	0.96	0.98	0.98	1.0	PGHAX
AHSAX	0.95	0.96		0.96	0.97	0.98	0.96	AHSAX
LYFAX	0.96	0.96	0.96		0.97	0.98	0.96	LYFAX
BHCHX	0.98	0.98	0.97	0.97		0.99	0.98	BHCHX
LHCCX	0.98	0.98	0.98	0.98	0.99		0.97	LHCCX
PHSRX	0.96	1.0	0.96	0.96	0.98	0.97		PHSRX
	GTHCX	PGHAX	AHSAX	LYFAX	BHCHX	LHCCX	PHSRX

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
GTHCX	0.52	0.16	0.18	0.34	0.37	(0.62)	1.50	(1.07)	2.57
PGHAX	0.56	0.21	0.23	45.67	0.21	(0.65)	2.16	(0.88)	4.46
AHSAX	0.70	0.29	0.25	10.24	0.44	(0.79)	1.91	(1.42)	3.71
LYFAX	0.79	0.35	0.33	(7.94)	0.39	(1.03)	1.88	(1.24)	3.97
BHCHX	0.59	0.28	0.27	(2.46)	0.20	(0.65)	1.84	(1.07)	3.45
LHCCX	0.67	0.28	0.27	(9.29)	0.40	(0.78)	1.80	(1.24)	3.24
PHSRX	0.56	0.21	0.22	48.26	0.22	(0.64)	2.17	(0.87)	4.47

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