Martin Currie Correlations

Mutual Funds USA . 
Fund . Martin Currie Emerging
MACEX Fund  USD 17.77  0.01  0.06%   
The current 90-days correlation between Martin Currie Emerging and Martin Currie Emerging is 0.11 (i.e., Average diversification). The correlation of Martin Currie 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.

Martin Currie Correlation With Market

Very weak diversification

The correlation between Martin Currie Emerging and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Martin Currie Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Martin Currie Emerging. 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 median.

Moving together with Martin Mutual Fund

  0.75LGFEX Qs International EquityPairCorr
  0.63SAPCX Clearbridge AppreciationPairCorr
  0.63LGOCX Legg Mason BwPairCorr
  0.61SSMMX Western Asset ManagedPairCorr
  0.72WAASX Western Asset TotalPairCorr
  0.73LGSCX Qs Small CapitalizationPairCorr
  0.73WAGIX Western Asset GlobalPairCorr
  0.93SBCLX Qs Defensive GrowthPairCorr
  0.85WAHSX Western Asset HighPairCorr
  0.86SBICX Clearbridge InternationalPairCorr
  0.75WARIX Western Asset TotalPairCorr
  0.62SBMLX Clearbridge Mid CapPairCorr
  0.76SBPLX Clearbridge DividendPairCorr
  0.73WAUCX Western Asset TotalPairCorr
  0.72WAURX Western Asset TotalPairCorr
  0.78SBSDX Qs Sp 500PairCorr
  0.88WAYRX Western Asset HighPairCorr
  0.77SBYLX Western Asset NewPairCorr
  0.85SCACX Western Asset CaliforniaPairCorr
  0.94SCBCX Qs Servative GrowthPairCorr
  0.67SCGCX Qs Moderate GrowthPairCorr
  0.94SCHCX Qs Growth FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Martin Mutual Fund performing well and Martin Currie 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 Martin Currie'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MCEMX  0.67  0.13  0.06  1.10  0.55 
(0.84)
 1.44 
(1.15)
 3.81 
MCEIX  0.67  0.12  0.06  1.08  0.56 
(0.84)
 1.44 
(1.10)
 3.77 
BULIX  0.72  0.12  0.02 (0.78) 0.70 
(0.86)
 1.16 
(1.35)
 11.38 
PJOQX  0.51  0.09  0.02  0.91  0.46 
(0.59)
 1.19 
(1.00)
 2.74 
PJIAX  0.67  0.22  0.25  0.74  0.16 
(0.87)
 1.21 
(1.01)
 10.88 
HNVIX  0.73  0.12  0.02 (0.78) 0.78 
(0.82)
 1.63 
(1.15)
 3.96 
SMAYX  1.03  0.27  0.13 (1.13) 0.94 
(1.21)
 1.92 
(1.78)
 10.45 
HRVIX  0.73  0.12  0.02 (0.77) 0.75 
(0.82)
 1.62 
(1.11)
 3.96 
CPZ  0.41 (0.03) 0.00 (1.23) 0.00 
 0.00 
 0.75 
(0.82)
 2.19 
SWYLX  0.23  0.02 (0.20) 0.40  0.22 
(0.27)
 0.51 
(0.50)
 1.31 

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