Ashmore Emerging Correlations

Mutual Funds . USA . 
Fund . Ashmore Emerging Markets
EMKAX Fund  USD 4.88  0.01  0.21%   
The current 90-days correlation between Ashmore Emerging Markets and Ab Bond Inflation is 0.31 (i.e., 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

Average diversification

The correlation between Ashmore Emerging Markets and DJI is 0.13 (i.e., Average 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

  0.95EMKIX Ashmore Emerging MarketsPairCorr
  1.0EMKCX Ashmore Emerging MarketsPairCorr
  0.85ESCIX Ashmore Emerging MarketsPairCorr
  0.85ESSCX Ashmore Emerging MarketsPairCorr
  0.85ESSAX Ashmore Emerging MarketsPairCorr
  0.92IGAEX Ashmore Emerging MarketsPairCorr
  0.93IGCEX Ashmore Emerging MarketsPairCorr
  0.92IGIEX Ashmore Emerging MarketsPairCorr
  0.87ELBIX Ashmore Emerging MarketsPairCorr
  0.86ELBCX Ashmore Emerging MarketsPairCorr
  0.86ELBAX Ashmore Emerging MarketsPairCorr
  0.84FGBMX Fidelity New MarketsPairCorr
  0.78FGZMX Fidelity New MarketsPairCorr
  0.79FGWMX Fidelity New MarketsPairCorr
  0.79FGVMX Fidelity New MarketsPairCorr
  0.82FGYMX Fidelity New MarketsPairCorr

Related Correlations Analysis

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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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