Ashmore Emerging Correlations
| ESSAX Fund | USD 13.89 0.04 0.29% |
The current 90-days correlation between Ashmore Emerging Markets and Ashmore Emerging Markets is 0.09 (i.e., Significant diversification). The correlation of Ashmore Emerging 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.
Ashmore Emerging Correlation With Market
Weak diversification
The correlation between Ashmore Emerging Markets and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ashmore Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Ashmore |
Moving together with Ashmore Mutual Fund
| 0.71 | EMECX | Ashmore Emerging Markets | PairCorr |
| 0.7 | EMEAX | Ashmore Emerging Markets | PairCorr |
| 0.7 | EMFIX | Ashmore Emerging Markets | PairCorr |
| 0.85 | EMKIX | Ashmore Emerging Markets | PairCorr |
| 0.86 | EMKCX | Ashmore Emerging Markets | PairCorr |
| 0.78 | EMKAX | Ashmore Emerging Markets | PairCorr |
| 1.0 | ESCIX | Ashmore Emerging Markets | PairCorr |
| 0.62 | ESCGX | Ashmore Emerging Markets | PairCorr |
| 1.0 | ESSCX | Ashmore Emerging Markets | PairCorr |
| 0.62 | EFECX | Ashmore Emerging Markets | PairCorr |
| 0.62 | IGCEX | Ashmore Emerging Markets | PairCorr |
| 0.88 | ELBIX | Ashmore Emerging Markets | PairCorr |
| 0.89 | ELBCX | Ashmore Emerging Markets | PairCorr |
| 0.88 | ELBAX | Ashmore Emerging Markets | PairCorr |
Moving against Ashmore Mutual Fund
| 0.91 | KMKCX | Kinetics Market Oppo | PairCorr |
| 0.91 | KMKAX | Kinetics Market Oppo | PairCorr |
| 0.9 | LSHUX | Horizon Spin Off | PairCorr |
| 0.9 | KNPYX | Kinetics Paradigm | PairCorr |
| 0.9 | WWNPX | Kinetics Paradigm | PairCorr |
| 0.9 | KNPCX | Kinetics Paradigm | PairCorr |
| 0.89 | LSHCX | Horizon Spin Off | PairCorr |
| 0.36 | SMPSX | Semiconductor Ultrasector | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | 0.52 | 0.88 | |||
| EMECX | 0.75 | (0.01) | (0.06) | 0.07 | 0.85 | 1.90 | 5.15 | |||
| EMEAX | 0.75 | 0.00 | (0.07) | 0.08 | 0.83 | 1.93 | 5.08 | |||
| EMFIX | 0.75 | 0.00 | (0.06) | 0.08 | 0.83 | 1.91 | 5.20 | |||
| EMKIX | 0.25 | (0.01) | (0.29) | (0.37) | 0.27 | 0.60 | 1.62 | |||
| EMKCX | 0.25 | (0.02) | 0.00 | (0.71) | 0.00 | 0.41 | 1.86 | |||
| EMKAX | 0.28 | (0.01) | (0.24) | (0.49) | 0.32 | 0.62 | 1.86 | |||
| EMQIX | 0.79 | 0.05 | (0.01) | 0.24 | 0.85 | 2.21 | 5.39 | |||
| EMQCX | 0.78 | 0.04 | (0.02) | 0.22 | 0.84 | 2.17 | 5.43 | |||
| EMQAX | 0.77 | 0.05 | (0.01) | 0.23 | 0.84 | 2.11 | 5.39 |