Ashmore Group Correlations
| AJMPF Stock | USD 2.70 0.00 0.00% |
The current 90-days correlation between Ashmore Group Plc and Gabelli Equity Trust is -0.07 (i.e., Good diversification). The correlation of Ashmore Group 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.
Ashmore Group Correlation With Market
Good diversification
The correlation between Ashmore Group Plc and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ashmore Group Plc and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Ashmore Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashmore Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ashmore Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ashmore Group Plc to buy it.
Moving together with Ashmore Pink Sheet
| 0.71 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.68 | APO | Apollo Global Management | PairCorr |
| 0.69 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.81 | JPHLF | Japan Post Holdings | PairCorr |
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
| 0.71 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.74 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.8 | BAC | Bank of America Aggressive Push | PairCorr |
Moving against Ashmore Pink Sheet
| 0.87 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.8 | BKRKY | Bank Rakyat | PairCorr |
| 0.74 | IVSBF | Investor AB ser | PairCorr |
| 0.72 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.7 | PBCRY | Bank Central Asia | PairCorr |
| 0.68 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.57 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.32 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.87 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.8 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.43 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.41 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.36 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ashmore Pink Sheet performing well and Ashmore Group Company 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 Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAF | 1.78 | 0.12 | (0.01) | (0.64) | 2.54 | 4.81 | 19.41 | |||
| CEE | 1.08 | 0.10 | 0.07 | 0.23 | 1.06 | 2.52 | 13.97 | |||
| IIF | 0.63 | (0.01) | (0.09) | 0.09 | 0.88 | 1.31 | 3.42 | |||
| NOM | 0.61 | 0.03 | (0.11) | (0.27) | 0.84 | 1.41 | 4.13 | |||
| CHN | 1.96 | 0.24 | 0.06 | 1.93 | 2.23 | 5.79 | 18.26 | |||
| MXE | 0.90 | (0.21) | 0.00 | (0.42) | 0.00 | 2.23 | 5.90 | |||
| MMU | 0.40 | (0.02) | (0.20) | 0.01 | 0.51 | 0.77 | 2.45 | |||
| MUE | 0.40 | 0.06 | (0.10) | 23.61 | 0.43 | 0.86 | 2.47 | |||
| GUT | 0.88 | (0.14) | 0.00 | 0.69 | 0.00 | 2.08 | 9.38 | |||
| GCV | 0.89 | 0.09 | 0.00 | 0.42 | 1.23 | 1.87 | 7.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ashmore Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Ashmore Group Corporate Management
| Mark Grimwood | Compliance Officer | Profile | |
| Alexandra Autrey | Group Sec | Profile | |
| Jake Ward | Frontier Analyst | Profile | |
| Camilo Villaveces | Colombia Exec | Profile | |
| Kevin Bond | Head Devel | Profile | |
| Robert Hegt | Global Management | Profile | |
| Thomas ACA | Group Director | Profile |