MarketDesk Focused Correlations

FDIV Etf

USD 29.15 0.43 1.50%

The current 90-days correlation between MarketDesk Focused and Franklin Templeton ETF is 0.3 (i.e., Weak diversification). The correlation of MarketDesk Focused 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.

MarketDesk Focused Correlation With Market

Very poor diversification

The correlation between MarketDesk Focused Dividend and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MarketDesk Focused Dividend 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 MarketDesk Focused Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with MarketDesk Etf

0.73	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.62	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.82	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.67	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against MarketDesk Etf

0.42

HUM

Humana Inc Fiscal Year End 23rd of January 2025

Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL
DIEM		0.48	0.31	0.27	0.4	0.48	0.47	0.46	0.46	DIEM
DIVD	0.48		-0.22	0.85	-0.23	-0.08	0.07	0.68	0.13	DIVD
DIVG	0.31	-0.22		-0.64	0.96	0.96	0.94	0.47	0.83	DIVG
DIVI	0.27	0.85	-0.64		-0.65	-0.51	-0.41	0.27	-0.26	DIVI
DIVL	0.4	-0.23	0.96	-0.65		0.95	0.9	0.41	0.81	DIVL
DIVO	0.48	-0.08	0.96	-0.51	0.95		0.94	0.56	0.89	DIVO
DIVP	0.47	0.07	0.94	-0.41	0.9	0.94		0.68	0.84	DIVP
DIVY	0.46	0.68	0.47	0.27	0.41	0.56	0.68		0.72	DIVY
MDPL	0.46	0.13	0.83	-0.26	0.81	0.89	0.84	0.72		MDPL
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DIVL	+ 0.96	DIVG
DIVO	+ 0.96	DIVG
DIVO	+ 0.95	DIVL
DIVP	+ 0.94	DIVG
DIVP	+ 0.94	DIVO
DIVP	+ 0.9	DIVL

High negative correlations

DIVL	- 0.65	DIVI
DIVI	- 0.64	DIVG
DIVO	- 0.51	DIVI
DIVP	- 0.41	DIVI
MDPL	- 0.26	DIVI
DIVL	- 0.23	DIVD

MarketDesk Focused Constituents Risk-Adjusted Indicators

There is a big difference between MarketDesk Etf performing well and MarketDesk Focused 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 MarketDesk Focused'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
DIEM	0.87	(0.03)	(0.08)	0.05	1.14	(0.90)	1.97	(2.01)	7.08
DIVD	0.50	(0.07)	(0.20)	0.00	0.59	(0.56)	0.95	(0.98)	2.80
DIVG	0.49	0.03	(0.02)	0.17	0.39	(0.55)	1.12	(0.86)	3.07
DIVI	0.65	(0.14)	0.00	(0.22)	0.00	0.00	1.41	(1.58)	3.95
DIVL	0.50	0.03	(0.01)	0.16	0.37	(0.57)	1.17	(0.85)	2.93
DIVO	0.47	0.01	(0.04)	0.14	0.26	(0.56)	1.17	(0.67)	3.12
DIVP	0.43	0.01	(0.09)	0.13	0.34	(0.48)	0.88	(0.72)	2.31
DIVY	0.60	(0.05)	(0.12)	0.06	0.54	(0.75)	1.20	(0.90)	3.79
MDPL	0.57	(0.03)	(0.07)	0.09	0.51	(0.69)	1.31	(1.01)	4.79

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