Ashmore Emerging Markets Fund Market Value
| ESSAX Fund | USD 13.39 0.01 0.07% |
| Symbol | Ashmore |
Ashmore Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ashmore Emerging's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ashmore Emerging.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Ashmore Emerging on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Ashmore Emerging Markets or generate 0.0% return on investment in Ashmore Emerging over 720 days. Ashmore Emerging is related to or competes with Hennessy, Dreyfus Natural, Energy Basic, Goehring Rozencwajg, and Firsthand Alternative. The fund invests at least 80 percent of its net assets in equity securities and equity-related investments of Small-Capi... More
Ashmore Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ashmore Emerging's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ashmore Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.51 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.13 |
Ashmore Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashmore Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashmore Emerging's standard deviation. In reality, there are many statistical measures that can use Ashmore Emerging historical prices to predict the future Ashmore Emerging's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.22) |
Ashmore Emerging Markets Backtested Returns
Ashmore Emerging Markets secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the fund had a -0.12% return per unit of standard deviation over the last 3 months. Ashmore Emerging Markets exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ashmore Emerging's risk adjusted performance of (0.08), and Mean Deviation of 0.5636 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ashmore Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ashmore Emerging is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
Ashmore Emerging Markets has below average predictability. Overlapping area represents the amount of predictability between Ashmore Emerging time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ashmore Emerging Markets price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Ashmore Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Ashmore Emerging Markets lagged returns against current returns
Autocorrelation, which is Ashmore Emerging mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ashmore Emerging's mutual fund expected returns. We can calculate the autocorrelation of Ashmore Emerging returns to help us make a trade decision. For example, suppose you find that Ashmore Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ashmore Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ashmore Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashmore Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashmore Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ashmore Emerging Lagged Returns
When evaluating Ashmore Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashmore Emerging mutual fund have on its future price. Ashmore Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ashmore Emerging autocorrelation shows the relationship between Ashmore Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ashmore Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ashmore Mutual Fund
Ashmore Emerging financial ratios help investors to determine whether Ashmore Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ashmore with respect to the benefits of owning Ashmore Emerging security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |