Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMXCX Fund   12.33  0.03  0.24%   
The current 90-days correlation between Ashmore Emerging Markets and Enhanced Fixed Income is 0.01 (i.e., Significant 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 0.06 (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 interest.

Moving together with Ashmore Mutual Fund

  0.95VEMAX Vanguard Emerging MarketsPairCorr
  0.95VEIEX Vanguard Emerging MarketsPairCorr
  0.89VEMIX Vanguard Emerging MarketsPairCorr
  0.95VEMRX 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
  0.96ODVYX Oppenheimer DevelopingPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.87VITSX Vanguard Total StockPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.94VTISX Vanguard Total InterPairCorr
  0.94VTSNX Vanguard Total InterPairCorr
  0.94VTPSX Vanguard Total InterPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.69OBSOX Oberweis Small CapPairCorr
  0.73RYPNX Royce OpportunityPairCorr
  0.75FUMBX Fidelity Short TermPairCorr
  0.72FIUIX Fidelity Telecom AndPairCorr
  0.8AA Alcoa CorpPairCorr
  0.61JPM JPMorgan ChasePairCorr
  0.67BAC Bank of AmericaPairCorr
  0.66JNJ Johnson JohnsonPairCorr

Moving against Ashmore Mutual Fund

  0.79VZ Verizon CommunicationsPairCorr
  0.79BA BoeingPairCorr
  0.57MCD McDonaldsPairCorr
  0.49HD Home DepotPairCorr

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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