Ashmore Emerging Markets Fund Quote
| ELBAX Fund | USD 6.38 0.02 0.31% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Ashmore Emerging is trading at 6.38 as of the 15th of April 2024; that is -0.31% down since the beginning of the trading day. The fund's open price was 6.4. Ashmore Emerging has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Ashmore Emerging Markets are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of June 2022 and ending today, the 15th of April 2024. Click here to learn more.
The fund seeks to achieve its objective by investing principally in debt instruments of Sovereign and Quasi-Sovereign issuers of Emerging Market Countries that are denominated in the local currency of the issuer. Sovereigns are governments of Emerging Market Countries. More on Ashmore Emerging Markets
Ashmore Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ashmore Emerging's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ashmore Emerging or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Ashmore Funds, Emerging-Markets Local-Currency Bond Funds, Emerging-Markets Local-Currency Bond, Ashmore (View all Sectors) |
| Update Date | 31st of March 2024 |
Ashmore Emerging Markets [ELBAX] is traded in USA and was established 15th of April 2024. Ashmore Emerging is listed under Ashmore category by Fama And French industry classification. The fund is listed under Emerging-Markets Local-Currency Bond category and is part of Ashmore family. This fund currently has accumulated 66.96 M in assets under management (AUM) with no minimum investment requirementsAshmore Emerging Markets is currently producing year-to-date (YTD) return of 13.6% with the current yeild of 0.0%, while the total return for the last 3 years was -0.68%.
Check Ashmore Emerging Probability Of Bankruptcy
Instrument Allocation
Ashmore Emerging Target Price Odds Analysis
Based on a normal probability distribution, the odds of Ashmore Emerging jumping above the current price in 90 days from now is about 99.0%. The Ashmore Emerging Markets probability density function shows the probability of Ashmore Emerging mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Ashmore Emerging has a beta of 0.2735 suggesting as returns on the market go up, Ashmore Emerging average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ashmore Emerging Markets will be expected to be much smaller as well. Additionally, ashmore Emerging Markets has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Ashmore Emerging to move above the current price in 90 days from now is about 99.0 (This Ashmore Emerging Markets probability density function shows the probability of Ashmore Mutual Fund to fall within a particular range of prices over 90 days) .
Ashmore Emerging Markets Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ashmore Emerging market risk premium is the additional return an investor will receive from holding Ashmore Emerging long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ashmore Emerging. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ashmore Emerging's alpha and beta are two of the key measurements used to evaluate Ashmore Emerging's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2547 | |||
| Standard Deviation | 0.3809 | |||
| Variance | 0.1451 | |||
| Risk Adjusted Performance | (0.06) |
Ashmore Emerging Against Markets
Picking the right benchmark for Ashmore Emerging mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ashmore Emerging mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ashmore Emerging is critical whether you are bullish or bearish towards Ashmore Emerging Markets at a given time. Please also check how Ashmore Emerging's historical prices are related to one of the top price index indicators.
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How to buy Ashmore Mutual Fund?
Before investing in Ashmore Emerging, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ashmore Emerging. To buy Ashmore Emerging fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ashmore Emerging. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ashmore Emerging fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ashmore Emerging Markets fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ashmore Emerging Markets fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Ashmore Emerging Markets, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Ashmore Emerging Markets?
The danger of trading Ashmore Emerging Markets 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 Ashmore Emerging 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 Ashmore Emerging. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ashmore Emerging Markets 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ashmore Emerging Markets. 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 nation. Note that the Ashmore Emerging Markets information on this page should be used as a complementary analysis to other Ashmore Emerging'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..