Ashmore Emerging Correlations

EMKCX Fund

USD 4.86 0.01 0.21%

The current 90-days correlation between Ashmore Emerging Markets and Ppm High Yield is -0.02 (i.e., Good 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 0.14 (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 main economic indicators.

Moving together with Ashmore Mutual Fund

0.95	EMKIX	Ashmore Emerging Markets	Pair Corr
1.0	EMKAX	Ashmore Emerging Markets	Pair Corr
0.86	ESCIX	Ashmore Emerging Markets	Pair Corr
0.86	ESSCX	Ashmore Emerging Markets	Pair Corr
0.86	ESSAX	Ashmore Emerging Markets	Pair Corr
0.9	IGAEX	Ashmore Emerging Markets	Pair Corr
0.92	IGCEX	Ashmore Emerging Markets	Pair Corr
0.91	IGIEX	Ashmore Emerging Markets	Pair Corr
0.89	ELBIX	Ashmore Emerging Markets	Pair Corr
0.88	ELBCX	Ashmore Emerging Markets	Pair Corr
0.89	ELBAX	Ashmore Emerging Markets	Pair Corr
0.83	FGBMX	Fidelity New Markets	Pair Corr
0.78	FGZMX	Fidelity New Markets	Pair Corr
0.78	FGWMX	Fidelity New Markets	Pair Corr
0.79	FGVMX	Fidelity New Markets	Pair Corr
0.82	FGYMX	Fidelity New Markets	Pair Corr

Related Correlations Analysis

	PKHIX	PARCX	AGDAX	NEAIX	SGYAX
PKHIX		0.7	0.98	0.36	0.9	PKHIX
PARCX	0.7		0.72	0.73	0.69	PARCX
AGDAX	0.98	0.72		0.35	0.9	AGDAX
NEAIX	0.36	0.73	0.35		0.29	NEAIX
SGYAX	0.9	0.69	0.9	0.29		SGYAX
	PKHIX	PARCX	AGDAX	NEAIX	SGYAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PKHIX	0.11	0.02	(0.51)	(1.46)	0.00	(0.18)	0.34	(0.22)	0.90
PARCX	0.34	(0.03)	(0.18)	0.05	0.44	(0.35)	0.66	(0.76)	2.10
AGDAX	0.12	0.03	(0.45)	(1.91)	0.00	(0.24)	0.29	(0.28)	0.87
NEAIX	1.07	0.02	(0.05)	0.19	1.31	(1.13)	2.19	(2.27)	6.71
SGYAX	0.14	0.02	(0.51)	0.40	0.00	(0.26)	0.28	(0.14)	1.28

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Ashmore Emerging Correlations

Ashmore Emerging Correlation With Market

Average diversification

Moving together with Ashmore Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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