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EMFIX Ashmore Emerging Markets Equity Instl Forecast, Technical & Fundamental Analysis

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM).

Industry description

The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by investing principally in equity securities and equity-related investments of Emerging Market Issuers, which may be denominated in any currency, including the local currency of the issuer. An Emerging Market Issuer is an issuer that is located in an Emerging Market Country, or an issuer deriving at least 50% 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% of its assets in one or more Emerging Market Countries.

Market Cap

The average market capitalization across the Ashmore Emerging Markets Equity Instl MF is 395.01B. The market cap for tickers in the group ranges from 133.96B to 778.65B. TSM holds the highest valuation in this group at 778.65B. The lowest valued company is HDB at 133.96B.

Volume

The average weekly volume growth across all stocks in the Ashmore Emerging Markets Equity Instl MF was -27%. For the same stocks of the MF, the average monthly volume growth was -8% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 55
Price Growth Rating: 54
SMR Rating: 38
Profit Risk Rating: 53
Seasonality Score: -12 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
Details
Category
Diversified Emerging Mkts
Address
C/O Ropes & Gray,LLPOne International PlaceBoston
Phone
617-951-7935
Web
www.ashmoregroup.com
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EMFIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, EMFIX has been closely correlated with FWWNX. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if EMFIX jumps, then FWWNX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EMFIX
1D Price
Change %
EMFIX100%
-0.54%
FWWNX - EMFIX
87%
Closely correlated
-0.31%
RNWFX - EMFIX
79%
Closely correlated
-0.32%
RNWHX - EMFIX
48%
Loosely correlated
-0.31%
FNWFX - EMFIX
46%
Loosely correlated
-0.32%
RNWEX - EMFIX
39%
Loosely correlated
-0.31%
More