Martin Currie Correlations

MCECX Fund  USD 12.03  0.05  0.42%   
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Martin Currie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Martin Currie Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Poor diversification

The correlation between Martin Currie Emerging and NYA is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Martin Currie Emerging and NYA 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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
  
The ability to find closely correlated positions to Martin Currie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Martin Currie when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Martin Currie - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Martin Currie Emerging to buy it.

Moving together with Martin Mutual Fund

  0.74STFGX State Farm GrowthPairCorr
  0.72LGASX Clearbridge Small CapPairCorr
  0.61LGDCX Qs International DividendPairCorr
  0.81LGFEX Qs International EquityPairCorr
  0.64SAPCX Clearbridge AppreciationPairCorr
  0.81LGSCX Qs Us SmallPairCorr
  0.82MCEMX Martin Currie EmergingPairCorr
  0.63WAGIX Western Asset GlobalPairCorr

Related Correlations Analysis

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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   
SAPCXSTFGX
LGDAXLGDCX
LGFEXSTFGX
LGOCXGLOBX
SAPCXLGDCX
LGDCXSTFGX
  
High negative correlations   
LGOCXSAPCX
LGOCXLGDAX
LGOCXSAGCX
LGOCXSTFGX
SAPCXGLOBX
LGOCXLGDCX

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
STFGX  0.48  0.02  0.02  0.14  0.29 
 1.10 
 2.82 
SAGCX  0.69 (0.10)(0.07) 0.05  0.86 
 1.48 
 4.40 
LGASX  0.79  0.07 (0.08)(0.16) 1.02 
 1.48 
 5.25 
GLOBX  0.28 (0.05) 0.00 (0.43) 0.00 
 0.56 
 1.90 
LGDCX  0.28  0.11 (0.06)(0.97) 0.00 
 0.79 
 2.10 
LGDAX  0.30  0.11 (0.08)(0.44) 0.14 
 0.73 
 1.97 
LGFEX  0.45  0.01 (0.01) 0.14  0.39 
 1.02 
 2.38 
SAPCX  0.45  0.05  0.07  0.19  0.07 
 1.16 
 2.67 
LGOCX  0.42 (0.09) 0.00 (0.41) 0.00 
 0.69 
 3.02 
SSMMX  0.12  0.00 (0.62) 0.05  0.11 
 0.33 
 1.20 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Martin Currie without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in Martin Currie Emerging?

The danger of trading Martin Currie Emerging is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Martin Currie is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Martin Currie. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Martin Currie Emerging is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Martin Currie Emerging information on this page should be used as a complementary analysis to other Martin Currie's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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When running Martin Currie's price analysis, check to measure Martin Currie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Martin Currie is operating at the current time. Most of Martin Currie's value examination focuses on studying past and present price action to predict the probability of Martin Currie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Martin Currie's price. Additionally, you may evaluate how the addition of Martin Currie to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Martin Currie's value and its price as these two are different measures arrived at by different means. Investors typically determine if Martin Currie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Martin Currie's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.