Ashmore Emerging Markets Fund Price on February 1, 2024
| EFEAX Fund | USD 10.07 0.01 0.1% |
Below is the normalized historical share price chart for Ashmore Emerging Markets extending back to May 30, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ashmore Emerging stands at 10.07, as last reported on the 14th of May 2024, with the highest price reaching 10.07 and the lowest price hitting 10.07 during the day.
If you're considering investing in Ashmore Mutual Fund, it is important to understand the factors that can impact its price. We consider Ashmore Emerging very steady. Ashmore Emerging Markets secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the fund had a 0.29% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Ashmore Emerging Markets, which you can use to evaluate the volatility of the entity. Please confirm Ashmore Emerging's mean deviation of 0.4047, and Risk Adjusted Performance of 0.1898 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
Ashmore Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Ashmore |
Sharpe Ratio = 0.2872
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Estimated Market Risk
| 0.57 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average Ashmore Emerging is performing at about 22% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ashmore Emerging by adding it to a well-diversified portfolio.
Ashmore Emerging Valuation on February 1, 2024
It is possible to determine the worth of Ashmore Emerging on a given historical date. On February 1, 2024 Ashmore was worth 8.93 at the beginning of the trading date compared to the closed value of 8.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ashmore Emerging mutual fund. Still, in general, we apply an absolute valuation method to find Ashmore Emerging's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ashmore Emerging where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ashmore Emerging's related companies.
| Open | High | Low | Close | Volume | |
| 8.84 | 8.84 | 8.80 | 8.80 | 1.00 | |
02/01/2024 | 8.93 | 8.93 | 8.89 | 8.89 | 1.00 |
| 8.96 | 8.96 | 8.92 | 8.92 | 1.00 |
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Ashmore Emerging Trading Date Momentum on February 1, 2024
| On February 02 2024 Ashmore Emerging Markets was traded for 8.92 at the closing time. The highest daily price throughout the period was 8.96 and the lowest price was 8.92 . There was no trading activity during the period 1.0. Lack of trading volume on 02/02/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.34% . The overall trading delta to current closing price is 2.02% . |
Ashmore Emerging Markets Fundamentals Correlations and Trends
By evaluating Ashmore Emerging's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ashmore Emerging's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ashmore financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ashmore Emerging Mutual Fund history
Ashmore Emerging investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ashmore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ashmore Emerging Markets will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ashmore Emerging stock prices may prove useful in developing a viable investing in Ashmore Emerging
The fund seeks to achieve its objective by investing principally in equity securities and equity-related investments of Frontier Market Issuers, which may be denominated in any currency, including the local currency of the issuer. A Frontier Market Issuer is an issuer that is located in a Frontier 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 Frontier Market Countries or that has at least 50 percent of its assets in one or more Frontier Market Countries.
Ashmore Emerging Mutual Fund Technical Analysis
Ashmore Emerging technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Ashmore Emerging Period Price Range
Low | February 1, 2024
| High |
8.93 | 8.89 |
Ashmore Emerging May 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Ashmore Emerging mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ashmore Emerging shares will generate the highest return on investment. By undertsting and applying Ashmore Emerging mutual fund market strength indicators, traders can identify Ashmore Emerging Markets entry and exit signals to maximize returns
Ashmore Emerging Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ashmore Emerging's price direction in advance. Along with the technical and fundamental analysis of Ashmore Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ashmore to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1898 | |||
| Jensen Alpha | 0.1593 | |||
| Total Risk Alpha | 0.1034 | |||
| Sortino Ratio | 0.1538 | |||
| Treynor Ratio | 1.8 |
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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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.