Martin Currie Correlations

Mutual Funds . USA . 
Fund . Martin Currie Emerging
MEFIX Fund  USD 18.95  0.04  0.21%   
The current 90-days correlation between Martin Currie Emerging and Schwab Target 2020 is 0.66 (i.e., Poor 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 poor diversification

The correlation between Martin Currie Emerging and DJI is 0.85 (i.e., Very poor 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

  0.74LGASX Clearbridge Small CapPairCorr
  0.89LGFEX Qs International EquityPairCorr
  0.71SAPCX Clearbridge AppreciationPairCorr
  0.93LGOCX Legg Mason BwPairCorr
  0.92SSMMX Western Asset ManagedPairCorr
  0.91WAASX Western Asset TotalPairCorr
  0.82LGSCX Qs Small CapitalizationPairCorr
  0.81WACIX Western Asset EPairCorr
  0.76WACSX Western Asset EPairCorr
  0.71WABCX Western Asset EPairCorr
  0.7WABRX Western Asset EPairCorr
  0.69WABSX Western Asset IntermPairCorr
  0.89WAGIX Western Asset GlobalPairCorr
  0.75SSTLX Western Asset ShortPairCorr
  0.95WAHSX Western Asset HighPairCorr
  0.74WAPCX Western Asset EPairCorr
  0.77WAPIX Western Asset EPairCorr
  0.78WAPSX Western Asset EPairCorr
  0.75WAPRX Western Asset EPairCorr
  0.81SBILX Western Asset PoratePairCorr
  0.92WARIX Western Asset TotalPairCorr
  0.72SBMLX Clearbridge Mid CapPairCorr
  0.88SBPLX Clearbridge DividendPairCorr
  0.92WAUCX Western Asset TotalPairCorr
  0.91WAURX Western Asset TotalPairCorr
  0.7SBSDX Qs Sp 500PairCorr
  0.95WAYRX Western Asset HighPairCorr
  0.85SBYLX Western Asset NewPairCorr
  0.88SCACX Western Asset CaliforniaPairCorr
  0.94SCBCX Qs Servative GrowthPairCorr
  0.93SCGCX Qs Moderate GrowthPairCorr
  0.93SCHCX Qs Growth FundPairCorr
  0.89LIESX Qs International EquityPairCorr

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  0.74  0.14  0.15  0.27  0.60 
(0.88)
 1.47 
(1.44)
 4.39 
MCEIX  0.74  0.14  0.15  0.27  0.59 
(0.88)
 1.47 
(1.44)
 4.35 
BULIX  0.80  0.23  0.18  63.23  0.57 
(0.93)
 1.59 
(1.22)
 11.38 
PJOQX  0.58  0.07  0.07  0.15  0.67 
(0.63)
 1.21 
(1.03)
 3.43 
PJIAX  0.72  0.19  0.23  0.24  0.44 
(0.87)
 1.26 
(1.05)
 12.05 
HNVIX  0.82  0.17  0.17  0.22  0.62 
(0.94)
 2.46 
(1.46)
 4.93 
SMAYX  1.04  0.19  0.16  0.25  0.92 
(1.22)
 2.30 
(1.78)
 11.45 
HRVIX  0.81  0.17  0.17  0.22  0.62 
(0.93)
 2.44 
(1.45)
 4.93 
CPZ  0.39  0.01 (0.09) 0.11  0.41 
(0.43)
 0.75 
(0.68)
 2.80 
SWYLX  0.24  0.01 (0.09) 0.09  0.25 
(0.27)
 0.58 
(0.51)
 1.59 

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