Ashmore Emerging Correlations

EFECX Fund

USD 10.09 0.02 0.20%

The current 90-days correlation between Ashmore Emerging Markets and Qs Growth Fund is 0.46 (i.e., Very weak 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

Weak diversification

The correlation between Ashmore Emerging Markets and DJI is 0.35 (i.e., 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 main economic indicators.

Moving together with Ashmore Mutual Fund

1.0	EFEIX	Ashmore Emerging Markets	Pair Corr
1.0	EFEAX	Ashmore Emerging Markets	Pair Corr
0.75	ELBIX	Ashmore Emerging Markets	Pair Corr
0.77	ELBCX	Ashmore Emerging Markets	Pair Corr

Moving against Ashmore Mutual Fund

0.31	EMQIX	Ashmore Emerging Markets	Pair Corr
0.8	FTCAX	Templeton Strained Bond	Pair Corr
0.77	PYARX	Payden Absolute Return	Pair Corr
0.76	PYAIX	Payden Absolute Return	Pair Corr
0.73	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.73	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.69	BCAAX	Brandywineglobal C	Pair Corr
0.69	TEGYX	Mid Cap Growth	Pair Corr

Related Correlations Analysis

	LANIX	URNQX	VOLMX	APDTX	PRVBX	ABVCX	JTSQX
LANIX		0.98	0.96	0.92	0.52	0.92	0.94	LANIX
URNQX	0.98		0.96	0.91	0.52	0.9	0.92	URNQX
VOLMX	0.96	0.96		0.88	0.44	0.94	0.85	VOLMX
APDTX	0.92	0.91	0.88		0.54	0.93	0.86	APDTX
PRVBX	0.52	0.52	0.44	0.54		0.43	0.64	PRVBX
ABVCX	0.92	0.9	0.94	0.93	0.43		0.8	ABVCX
JTSQX	0.94	0.92	0.85	0.86	0.64	0.8		JTSQX
	LANIX	URNQX	VOLMX	APDTX	PRVBX	ABVCX	JTSQX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LANIX	0.50	(0.02)	(0.07)	0.10	0.55	(0.54)	0.99	(0.87)	3.06
URNQX	0.75	(0.01)	(0.01)	0.11	1.10	(0.72)	1.57	(2.38)	5.14
VOLMX	0.60	0.01	0.00	0.13	0.57	(0.69)	1.14	(1.35)	4.49
APDTX	0.76	0.11	0.00	1.55	1.00	(0.76)	1.73	(1.27)	5.07
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53
ABVCX	0.54	0.13	0.03	6.67	0.28	(0.67)	1.09	(0.80)	3.88
JTSQX	0.50	(0.04)	(0.12)	0.06	0.63	(0.52)	1.12	(0.93)	3.11

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC