Ashmore Emerging Competition

IGCEX Fund

USD 8.44 0.03 0.35%

Ashmore Emerging Markets competes with Ashmore Emerging, Ashmore Emerging, Ashmore Emerging, Ashmore Emerging, and Ashmore Emerging; as well as few others. The fund is listed under Emerging Markets Bond category and is part of Ashmore family. Analyzing Ashmore Emerging competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Ashmore Emerging to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ashmore Emerging Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Ashmore Emerging competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashmore Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
8.11	8.44	8.77

Details

Intrinsic

Valuation

Low	Real	High
8.10	8.43	8.76

Details

Ashmore Emerging Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ashmore Emerging and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Ashmore and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ashmore Emerging Markets does not affect the price movement of the other competitor.

	EMCIX	EMECX	EMEAX	EMFIX	EMKIX	EMKCX	EMKAX	EMQIX	EMQCX	EMQAX
EMCIX		0.43	0.44	0.44	0.31	0.3	0.39	0.55	0.54	0.55	EMCIX
EMECX	0.43		1.0	1.0	0.53	0.55	0.48	0.94	0.95	0.94	EMECX
EMEAX	0.44	1.0		1.0	0.52	0.54	0.47	0.95	0.95	0.95	EMEAX
EMFIX	0.44	1.0	1.0		0.53	0.54	0.47	0.95	0.95	0.95	EMFIX
EMKIX	0.31	0.53	0.52	0.53		0.99	0.98	0.35	0.36	0.35	EMKIX
EMKCX	0.3	0.55	0.54	0.54	0.99		0.98	0.35	0.37	0.35	EMKCX
EMKAX	0.39	0.48	0.47	0.47	0.98	0.98		0.32	0.34	0.33	EMKAX
EMQIX	0.55	0.94	0.95	0.95	0.35	0.35	0.32		1.0	1.0	EMQIX
EMQCX	0.54	0.95	0.95	0.95	0.36	0.37	0.34	1.0		1.0	EMQCX
EMQAX	0.55	0.94	0.95	0.95	0.35	0.35	0.33	1.0	1.0		EMQAX
	EMCIX	EMECX	EMEAX	EMFIX	EMKIX	EMKCX	EMKAX	EMQIX	EMQCX	EMQAX

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Risk-Adjusted Indicators

There is a big difference between Ashmore Mutual Fund performing well and Ashmore Emerging 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 Ashmore Emerging'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
EMCIX	0.17	0.02	(0.33)	(0.59)	0.00	(0.30)	0.52	(0.17)	0.88
EMECX	0.75	(0.01)	(0.06)	0.07	0.85	(0.93)	1.90	(1.38)	5.15
EMEAX	0.75	0.00	(0.07)	0.08	0.83	(0.92)	1.93	(1.35)	5.08
EMFIX	0.75	0.00	(0.06)	0.08	0.83	(0.92)	1.91	(1.32)	5.20
EMKIX	0.25	(0.01)	(0.29)	(0.37)	0.27	(0.36)	0.60	(0.40)	1.62
EMKCX	0.25	(0.02)	0.00	(0.71)	0.00	0.00	0.41	(0.60)	1.86
EMKAX	0.28	(0.01)	(0.24)	(0.49)	0.32	(0.36)	0.62	(0.62)	1.86
EMQIX	0.79	0.05	(0.01)	0.24	0.85	(1.02)	2.21	(1.76)	5.39
EMQCX	0.78	0.04	(0.02)	0.22	0.84	(1.00)	2.17	(1.71)	5.43
EMQAX	0.77	0.05	(0.01)	0.23	0.84	(0.99)	2.11	(1.66)	5.39

Unable to evaluate fundamental data of [EMCIX, EMECX, EMEAX, EMFIX, EMKIX, EMKCX, EMKAX, EMQIX, EMQCX, EMQAX] at this time. Please try again later

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Ashmore Emerging Competitive Analysis

The better you understand Ashmore Emerging competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ashmore Emerging's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ashmore Emerging's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	IGCEX	EMCIX	EMECX	EMEAX	EMFIX	EMKIX	EMKCX	EMKAX	EMQIX	EMQCX
	0.35 8.44 Ashmore	0.17 5.79 Ashmore	0.47 10.66 Ashmore	0.52 11.57 Ashmore	0.54 11.15 Ashmore	0.20 4.98 Ashmore	0.41 4.88 Ashmore	0.41 4.90 Ashmore	0.61 8.21 Ashmore	0.63 7.86 Ashmore
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Not too volatile
Market Performance (90 Days Performance)	Very Weak	OK	Weak	Weak	Weak	Very Weak	Very Weak	Very Weak	Modest	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Sell	Strong Hold	Strong Hold	Strong Hold	Cautious Hold	Cautious Hold	Cautious Hold	Strong Hold	Hold
Net Asset	17.21 M	79.65 M	28.15 M	117.12 M	117.12 M	490.04 M	490.04 M	490.04 M	18.96 M	18.96 M
Minimum Initial Investment	N/A	1000 K	1 K	N/A	N/A	1000 K	N/A	N/A	N/A	N/A
Price To Book	N/A	N/A	N/A	0.96	1.01	N/A	N/A	N/A	N/A	N/A
Five Year Return	N/A	-0.66	4.4	5.2	4.79	-2.76	-3.73	-3.02	0.85	-0.14
Last Dividend Paid	0.02	0.04	0.07	0.1	0.1	0.03	0.02	0.03	N/A	0.03
One Year Return	N/A	11.74	14.54	15.49	13.52	7.65	5.8	6.57	19.07	17.86
Price To Earning	N/A	48.38	N/A	9.26	10.35	N/A	48.38	48.38	N/A	N/A
Price To Sales	N/A	1.25	N/A	0.77	0.85	1.25	1.25	1.25	N/A	N/A
Cash Position Weight	2.6	3.06	1.12	0.91	0.91	6.98	18.16	18.16	2.48	2.48
Equity Positions Weight	N/A	0.17	98.88	99.09	99.09	N/A	N/A	N/A	97.52	97.52
Three Year Return	N/A	-2.84	-4.0	-3.29	-3.35	-3.3	-3.93	-3.25	-2.53	-3.48
Annual Yield	N/A	0.0548	3.0E-4	0.0012	0.0025	0.0558	0.0462	0.0535	0.01	0.0044
Bond Positions Weight	90.07	93.7	N/A	N/A	N/A	92.77	81.82	81.82	N/A	N/A
Year To Date Return	N/A	9.72	9.67	10.52	10.56	3.9	2.49	3.19	14.54	13.59
Daily Balance Of Power	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)
Day Typical Price	8.44	5.79	10.66	11.57	11.15	4.98	4.88	4.9	8.21	7.86
Period Momentum Indicator	(0.03)	(0.01)	(0.05)	(0.06)	(0.06)	(0.01)	(0.02)	(0.02)	(0.05)	(0.05)
Rate Of Daily Change	1.0	1.0	1.0	0.99	0.99	1.0	1.0	1.0	0.99	0.99
Day Median Price	8.44	5.79	10.66	11.57	11.15	4.98	4.88	4.9	8.21	7.86
Price Action Indicator	(0.01)	(0.01)	(0.03)	(0.03)	(0.03)	(0.01)	(0.01)	(0.01)	(0.03)	(0.03)
Coefficient Of Variation	3524.82	762.53	2795.69	2666.32	2585.1	62651.76	(6,086)	9767.7	1225.05	1311.83
Mean Deviation	0.2452	0.1671	0.7541	0.7482	0.7504	0.249	0.2547	0.2825	0.7885	0.7804
Jensen Alpha	(0.01)	0.0223	(0.01)	(0)	(0)	(0.01)	(0.02)	(0.01)	0.0493	0.043
Total Risk Alpha	(0.04)	(0.01)	(0.10)	(0.1)	(0.1)	(0.05)	(0.06)	(0.05)	(0.06)	(0.06)
Sortino Ratio	(0.21)	(0.33)	(0.06)	(0.07)	(0.06)	(0.29)	N/A	(0.24)	(0.01)	(0.02)
Downside Variance	0.1789	0.0451	0.9623	0.9028	0.9018	0.1153	N/A	0.1613	1.12	1.05
Standard Deviation	0.3371	0.2235	1.03	1.02	1.02	0.3244	0.3421	0.3671	1.09	1.09
Kurtosis	1.19	0.7485	0.5279	0.5561	0.6025	0.36	1.69	0.8692	0.9105	1.08
Potential Upside	0.4756	0.5208	1.9	1.93	1.91	0.6024	0.4132	0.616	2.21	2.17
Treynor Ratio	(0)	(0.59)	0.0731	0.0766	0.0805	(0.37)	(0.71)	(0.49)	0.2382	0.2194
Maximum Drawdown	1.8	0.8754	5.15	5.08	5.2	1.62	1.86	1.86	5.39	5.43
Variance	0.1136	0.05	1.06	1.04	1.04	0.1053	0.117	0.1348	1.2	1.18
Market Risk Adjusted Performance	0.0053	(0.58)	0.0831	0.0866	0.0905	(0.36)	(0.70)	(0.48)	0.2482	0.2294
Risk Adjusted Performance	0.0091	0.0726	0.0289	0.0301	0.0309	(0.01)	(0.02)	(0)	0.0626	0.0586
Skewness	(0.09)	0.9013	0.4131	0.4365	0.451	0.4694	0.4887	0.3643	0.4012	0.4975
Semi Deviation	0.2984	0.0	0.8464	0.8323	0.831	0.2661	N/A	0.3155	0.8527	0.8412
Information Ratio	(0.27)	(0.32)	(0.06)	(0.06)	(0.06)	(0.31)	(0.31)	(0.26)	(0.01)	(0.02)
Value At Risk	(0.48)	(0.17)	(1.38)	(1.35)	(1.32)	(0.40)	(0.60)	(0.62)	(1.76)	(1.71)
Expected Short fall	(0.31)	(0.30)	(0.93)	(0.92)	(0.92)	(0.36)	N/A	(0.36)	(1.02)	(1.00)
Downside Deviation	0.4229	0.2125	0.9809	0.9502	0.9496	0.3395	N/A	0.4016	1.06	1.02
Semi Variance	0.089	(0.01)	0.7164	0.6928	0.6906	0.0708	N/A	0.0995	0.7271	0.7076

Ashmore Emerging Competition Performance Charts

Five steps to successful analysis of Ashmore Emerging Competition

Ashmore Emerging's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ashmore Emerging Markets in relation to its competition. Ashmore Emerging's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Ashmore Emerging in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ashmore Emerging's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ashmore Emerging Markets, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Ashmore Emerging position

In addition to having Ashmore Emerging in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Funds or Etfs that invest in the undervalued stocks of small to mid-sized companies. The Small Value Funds theme has 31 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Value Funds Theme or any other thematic opportunities.

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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.

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