Martin Currie Correlations

MCEIX Fund

USD 16.93 0.18 1.07%

The current 90-days correlation between Martin Currie Emerging and Martin Currie Emerging is 1.0 (i.e., No risk reduction). 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 0.56 (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 gross domestic product.

Moving together with Martin Mutual Fund

0.95	TEDMX	Templeton Developing	Pair Corr
0.64	FQLAX	Franklin Louisiana Tax	Pair Corr
0.7	FQNCX	Franklin North Carolina	Pair Corr
0.7	FQMDX	Franklin Maryland Tax	Pair Corr
0.67	FQTHX	Franklin Templeton Smacs	Pair Corr

Related Correlations Analysis

	MEFIX	MCEMX	BULIX	HRVIX	SMAYX	PJOQX	PJIAX	HNVIX	CPZ	SWYLX
MEFIX		1.0	-0.04	0.03	0.26	0.29	0.28	0.05	-0.65	0.77	MEFIX
MCEMX	1.0		0.04	0.0	0.23	0.36	0.35	0.01	-0.64	0.74	MCEMX
BULIX	-0.04	0.04		-0.41	-0.28	0.63	0.66	-0.46	0.28	-0.35	BULIX
HRVIX	0.03	0.0	-0.41		0.88	-0.17	-0.19	1.0	0.0	0.56	HRVIX
SMAYX	0.26	0.23	-0.28	0.88		-0.08	-0.1	0.88	-0.03	0.67	SMAYX
PJOQX	0.29	0.36	0.63	-0.17	-0.08		1.0	-0.21	-0.13	0.12	PJOQX
PJIAX	0.28	0.35	0.66	-0.19	-0.1	1.0		-0.23	-0.1	0.08	PJIAX
HNVIX	0.05	0.01	-0.46	1.0	0.88	-0.21	-0.23		-0.02	0.58	HNVIX
CPZ	-0.65	-0.64	0.28	0.0	-0.03	-0.13	-0.1	-0.02		-0.64	CPZ
SWYLX	0.77	0.74	-0.35	0.56	0.67	0.12	0.08	0.58	-0.64		SWYLX
	MEFIX	MCEMX	BULIX	HRVIX	SMAYX	PJOQX	PJIAX	HNVIX	CPZ	SWYLX

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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

MCEMX	+ 1.0	MEFIX
HNVIX	+ 1.0	HRVIX
PJIAX	+ 1.0	PJOQX
SMAYX	+ 0.88	HRVIX
HNVIX	+ 0.88	SMAYX
SWYLX	+ 0.77	MEFIX

High negative correlations

CPZ	- 0.65	MEFIX
SWYLX	- 0.64	CPZ
CPZ	- 0.64	MCEMX
HNVIX	- 0.46	BULIX
HRVIX	- 0.41	BULIX
SWYLX	- 0.35	BULIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MEFIX	0.79	0.04	0.02	0.12	0.95	(0.90)	1.47	(1.19)	5.11
MCEMX	0.81	0.03	0.02	0.11	0.99	(0.91)	1.52	(1.52)	5.24
BULIX	0.73	(0.18)	0.00	(0.25)	0.00	0.00	1.20	(1.35)	10.79
HRVIX	0.75	(0.07)	(0.05)	0.02	1.06	(0.74)	1.89	(1.50)	4.45
SMAYX	0.97	(0.07)	(0.03)	0.02	1.22	(1.04)	1.90	(2.07)	5.44
PJOQX	0.70	(0.08)	0.00	(0.07)	0.00	0.00	1.17	(1.20)	9.00
PJIAX	0.70	(0.09)	0.00	(0.07)	0.00	0.00	1.13	(1.20)	9.29
HNVIX	0.75	(0.06)	(0.04)	0.03	1.07	(0.73)	1.86	(1.52)	4.43
CPZ	0.38	(0.11)	0.00	4.30	0.00	0.00	0.67	(0.81)	2.17
SWYLX	0.25	0.00	(0.11)	0.08	0.26	(0.28)	0.55	(0.55)	1.45

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