Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMQAX Fund  USD 9.85  0.06  0.61%   
The current 90-days correlation between Ashmore Emerging Markets and Harbor Diversified International is 0.61 (i.e., Poor 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 0.45 (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 nation.

Moving together with Ashmore Mutual Fund

  0.73EMCIX Ashmore Emerging MarketsPairCorr
  0.98EMECX Ashmore Emerging MarketsPairCorr
  0.98EMEAX Ashmore Emerging MarketsPairCorr
  0.98EMFIX Ashmore Emerging MarketsPairCorr
  0.88EMKIX Ashmore Emerging MarketsPairCorr
  0.89EMKCX Ashmore Emerging MarketsPairCorr
  0.88EMKAX Ashmore Emerging MarketsPairCorr
  1.0EMQIX Ashmore Emerging MarketsPairCorr
  0.99ESCGX Ashmore Emerging MarketsPairCorr
  0.65ESFAX Ashmore Emerging MarketsPairCorr
  0.91IGIEX Ashmore Emerging MarketsPairCorr
  0.92ELBIX Ashmore Emerging MarketsPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.98FWWNX American Funds NewPairCorr
  0.98FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.98NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.93PMPIX Precious Metals UltrPairCorr
  0.93PMPSX Precious Metals UltrPairCorr
  0.92FGPMX Franklin Gold AndPairCorr
  0.92FRGOX Franklin Gold PreciousPairCorr
  0.9MIDSX Midas Fund MidasPairCorr
  0.92FIJDX Gold Portfolio FidelityPairCorr
  0.93NWABX Nationwide Fund6PairCorr
  0.93RECAX Rbc Bluebay EmergingPairCorr
  0.83WSSCX Short Term MunicipalPairCorr
  0.94MSGUX Growth Portfolio ClassPairCorr
  0.96SCAUX Invesco Low VolatilityPairCorr
  0.9MUOCX Msif Core PortfolioPairCorr
  0.82MXGBX Great West TempletonPairCorr
  0.94GPTCX Guidepath ServativePairCorr
  0.83NOTCX Deutsche Strategic HighPairCorr
  0.88LBNQX Lord Abbett BondPairCorr
  0.95PBAPX Strategic Asset ManaPairCorr

Related Correlations Analysis


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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