Ashmore Emerging Markets Fund Fundamentals
| EMCIX Fund | USD 5.55 0.02 0.36% |
Ashmore Emerging Markets fundamentals help investors to digest information that contributes to Ashmore Emerging's financial success or failures. It also enables traders to predict the movement of Ashmore Mutual Fund. The fundamental analysis module provides a way to measure Ashmore Emerging's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ashmore Emerging mutual fund.
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Ashmore Emerging Markets Mutual Fund Year To Date Return Analysis
Ashmore Emerging's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Ashmore Emerging Year To Date Return | 1.68 % |
Most of Ashmore Emerging's fundamental indicators, such as Year To Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ashmore Emerging Markets is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
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According to the company's disclosures, Ashmore Emerging Markets has a Year To Date Return of 1.6849%. This is much higher than that of the Ashmore family and significantly higher than that of the Emerging Markets Bond category. The year to date return for all United States funds is notably lower than that of the firm.
Ashmore Emerging Markets Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ashmore Emerging's current stock value. Our valuation model uses many indicators to compare Ashmore Emerging value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ashmore Emerging competition to find correlations between indicators driving Ashmore Emerging's intrinsic value. More Info.Ashmore Emerging Markets is rated below average in price to earning among similar funds. It is rated below average in price to sales among similar funds fabricating about 0.03 of Price To Sales per Price To Earning. The ratio of Price To Earning to Price To Sales for Ashmore Emerging Markets is roughly 38.70 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ashmore Emerging by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ashmore Emerging's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ashmore Emerging's earnings, one of the primary drivers of an investment's value.Ashmore Year To Date Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ashmore Emerging's direct or indirect competition against its Year To Date Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Ashmore Emerging could also be used in its relative valuation, which is a method of valuing Ashmore Emerging by comparing valuation metrics of similar companies.Ashmore Emerging is rated below average in year to date return among similar funds.
Fund Asset Allocation for Ashmore Emerging
The fund consists of 93.7% investments in fixed income securities, with the rest of funds allocated in stocks, cash and various exotic instruments.Asset allocation divides Ashmore Emerging's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Ashmore Fundamentals
| Price To Earning | 48.38 X | ||||
| Price To Sales | 1.25 X | ||||
| Total Asset | 74.09 M | ||||
| Annual Yield | 0.05 % | ||||
| Year To Date Return | 1.68 % | ||||
| One Year Return | 6.03 % | ||||
| Three Year Return | (6.54) % | ||||
| Five Year Return | (1.36) % | ||||
| Net Asset | 79.65 M | ||||
| Minimum Initial Investment | 1000 K | ||||
| Last Dividend Paid | 0.04 | ||||
| Cash Position Weight | 3.06 % | ||||
| Equity Positions Weight | 0.17 % | ||||
| Bond Positions Weight | 93.70 % |
About Ashmore Emerging Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ashmore Emerging Markets's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ashmore Emerging using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ashmore Emerging Markets based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund seeks to achieve its objective by investing principally in debt instruments of corporate issuers, which may be denominated in any currency, including the local currency of the issuer. A Corporate issuer is an issuer located in an Emerging Market Country or an issuer deriving at least 50 percent of its revenues or profits from goods produced or sold, investments made, or services performed in one or more Emerging Market Countries or that has at least 50 percent of its assets in one or more Emerging Market Countries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ashmore Emerging in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ashmore Emerging's short interest history, or implied volatility extrapolated from Ashmore Emerging options trading.
Pair Trading with Ashmore Emerging
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ashmore Emerging position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ashmore Emerging will appreciate offsetting losses from the drop in the long position's value.Moving together with Ashmore Mutual Fund
| 0.79 | EMECX | Ashmore Emerging Markets | PairCorr |
| 0.79 | EMEAX | Ashmore Emerging Markets | PairCorr |
| 0.79 | EMFIX | Ashmore Emerging Markets | PairCorr |
| 0.63 | EMKIX | Ashmore Emerging Markets | PairCorr |
The ability to find closely correlated positions to Ashmore Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashmore Emerging 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 Ashmore Emerging - 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 Ashmore Emerging Markets to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ashmore Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashmore Emerging Markets 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.
Correlation analysis and pair trading evaluation for Ashmore Emerging can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 gross domestic product. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.