EMQQ Emerging Correlations

EMQQ Etf

USD 36.96 0.17 0.46%

The current 90-days correlation between EMQQ The Emerging and Invesco China Technology is 0.85 (i.e., Very poor diversification). The correlation of EMQQ 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

EMQQ Emerging Correlation With Market

Modest diversification

The correlation between EMQQ The Emerging and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EMQQ The Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMQQ The Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with EMQQ Etf

0.97	VWO	Vanguard FTSE Emerging	Pair Corr
0.9	IEMG	iShares Core MSCI	Pair Corr
0.84	EMC	Global X Funds	Pair Corr
0.91	EEM	iShares MSCI Emerging	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging Sell-off Trend	Pair Corr
0.96	FNDE	Schwab Fundamental Sell-off Trend	Pair Corr
0.92	ESGE	iShares ESG Aware	Pair Corr
0.94	XSOE	WisdomTree Emerging	Pair Corr
0.69	EWC	iShares MSCI Canada	Pair Corr
0.66	BST	BlackRock Science Tech	Pair Corr
0.85	HD	Home Depot	Pair Corr
0.67	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.68	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.68	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Moving against EMQQ Etf

0.88	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.47	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	CQQQ	IBUY	KWEB	CHIQ	ONLN
CQQQ		0.78	0.96	0.98	0.9	CQQQ
IBUY	0.78		0.66	0.7	0.87	IBUY
KWEB	0.96	0.66		0.99	0.89	KWEB
CHIQ	0.98	0.7	0.99		0.9	CHIQ
ONLN	0.9	0.87	0.89	0.9		ONLN
	CQQQ	IBUY	KWEB	CHIQ	ONLN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

EMQQ Emerging Constituents Risk-Adjusted Indicators

There is a big difference between EMQQ Etf performing well and EMQQ Emerging ETF 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 EMQQ Emerging'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CQQQ	2.55	0.31	0.08	0.98	2.84	(3.08)	6.95	(3.71)	20.89
IBUY	0.92	0.15	0.15	0.25	0.66	(1.09)	2.34	(1.57)	4.74
KWEB	2.28	0.18	0.04	0.47	2.84	(2.61)	6.00	(4.55)	21.50
CHIQ	2.30	0.25	0.05	0.83	2.91	(2.58)	5.21	(4.21)	22.16
ONLN	1.11	0.02	0.00	0.15	1.22	(1.24)	2.13	(1.89)	5.82

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC