Martin Currie Correlations

MEFIX Fund

USD 16.70 0.05 0.30%

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

0.74	SSMMX	Western Asset Managed	Pair Corr
0.65	WACIX	Western Asset E	Pair Corr
0.62	WAGIX	Western Asset Global	Pair Corr
0.76	SBCLX	Qs Defensive Growth	Pair Corr
0.63	WAPSX	Western Asset E	Pair Corr
0.7	SBICX	Clearbridge International	Pair Corr
0.79	SBSDX	Qs Sp 500	Pair Corr
0.75	SBYLX	Western Asset New	Pair Corr
0.76	SCACX	Western Asset California	Pair Corr
0.75	SCBCX	Qs Servative Growth	Pair Corr
0.74	SCGCX	Qs Moderate Growth	Pair Corr

Related Correlations Analysis

	MCEMX	MCEIX	BULIX	PJOQX	PJIAX	HNVIX	SMAYX	HRVIX	CPZ	SWYLX
MCEMX		1.0	0.16	0.43	0.45	-0.06	0.11	-0.05	-0.68	0.74	MCEMX
MCEIX	1.0		0.16	0.43	0.44	-0.05	0.11	-0.05	-0.68	0.75	MCEIX
BULIX	0.16	0.16		0.6	0.6	-0.37	0.5	-0.41	0.17	-0.22	BULIX
PJOQX	0.43	0.43	0.6		0.88	-0.13	0.45	-0.25	-0.19	0.24	PJOQX
PJIAX	0.45	0.44	0.6	0.88		-0.13	0.5	-0.15	-0.23	0.22	PJIAX
HNVIX	-0.06	-0.05	-0.37	-0.13	-0.13		0.44	0.85	0.05	0.51	HNVIX
SMAYX	0.11	0.11	0.5	0.45	0.5	0.44		0.35	0.21	0.19	SMAYX
HRVIX	-0.05	-0.05	-0.41	-0.25	-0.15	0.85	0.35		0.09	0.44	HRVIX
CPZ	-0.68	-0.68	0.17	-0.19	-0.23	0.05	0.21	0.09		-0.65	CPZ
SWYLX	0.74	0.75	-0.22	0.24	0.22	0.51	0.19	0.44	-0.65		SWYLX
	MCEMX	MCEIX	BULIX	PJOQX	PJIAX	HNVIX	SMAYX	HRVIX	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

MCEIX	+ 1.0	MCEMX
PJIAX	+ 0.88	PJOQX
HRVIX	+ 0.85	HNVIX
SWYLX	+ 0.75	MCEIX
SWYLX	+ 0.74	MCEMX
PJOQX	+ 0.6	BULIX

High negative correlations

CPZ	- 0.68	MCEIX
CPZ	- 0.68	MCEMX
SWYLX	- 0.65	CPZ
HRVIX	- 0.41	BULIX
HNVIX	- 0.37	BULIX
HRVIX	- 0.25	PJOQX

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
MCEMX	0.80	0.03	0.02	0.10	0.99	(0.89)	1.52	(1.52)	5.24
MCEIX	0.79	0.03	0.02	0.10	0.98	(0.89)	1.48	(1.52)	5.19
BULIX	0.74	(0.16)	0.00	(0.24)	0.00	0.00	1.20	(1.35)	10.79
PJOQX	0.70	(0.07)	0.00	(0.08)	0.00	0.00	1.17	(1.20)	9.00
PJIAX	0.70	(0.07)	0.00	(0.16)	0.00	0.00	1.13	(1.20)	9.29
HNVIX	0.77	(0.06)	(0.05)	0.00	1.08	(0.76)	1.88	(1.50)	4.42
SMAYX	1.13	(0.22)	0.00	(0.08)	0.00	0.00	1.92	(2.20)	12.90
HRVIX	0.76	(0.01)	(0.04)	0.03	1.06	(0.75)	1.89	(1.50)	4.45
CPZ	0.39	(0.16)	0.00	8.31	0.00	0.00	0.67	(0.99)	2.17
SWYLX	0.25	0.00	(0.10)	0.05	0.27	(0.28)	0.55	(0.55)	1.45

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