MarketDesk Focused Correlations

FDIV Etf

USD 27.06 0.23 0.84%

The current 90-days correlation between MarketDesk Focused and Franklin Templeton ETF is 0.04 (i.e., Significant 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

Weak diversification

The correlation between MarketDesk Focused Dividend and DJI is 0.34 (i.e., Weak 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

0.79	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.84	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr

Moving against MarketDesk Etf

0.76	VCAR	Simplify Volt RoboCar Symbol Change	Pair Corr
0.62	TSLR	GraniteShares 175x Long	Pair Corr
0.57	AFIF	Anfield Universal Fixed	Pair Corr
0.56	TSLL	Direxion Shares ETF	Pair Corr
0.55	TSLT	T REX 2X	Pair Corr
0.51	WTID	UBS ETRACS Trending	Pair Corr
0.47	JPIE	JP Morgan Exchange	Pair Corr
0.37	BTCO	Invesco Galaxy Bitcoin	Pair Corr
0.36	AXSIX	Axonic Strategic Income	Pair Corr
0.75	BA	Boeing	Pair Corr
0.36	WMT	Walmart Aggressive Push	Pair Corr
0.33	CSCO	Cisco Systems	Pair Corr
0.31	AXP	American Express	Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL
DIEM		0.54	0.28	0.56	0.27	0.03	0.34	0.28	0.37	DIEM
DIVD	0.54		0.8	0.79	0.84	0.55	0.88	0.75	0.72	DIVD
DIVG	0.28	0.8		0.43	0.97	0.73	0.98	0.9	0.95	DIVG
DIVI	0.56	0.79	0.43		0.51	0.39	0.53	0.51	0.36	DIVI
DIVL	0.27	0.84	0.97	0.51		0.82	0.97	0.91	0.89	DIVL
DIVO	0.03	0.55	0.73	0.39	0.82		0.68	0.78	0.62	DIVO
DIVP	0.34	0.88	0.98	0.53	0.97	0.68		0.89	0.93	DIVP
DIVY	0.28	0.75	0.9	0.51	0.91	0.78	0.89		0.86	DIVY
MDPL	0.37	0.72	0.95	0.36	0.89	0.62	0.93	0.86		MDPL
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL

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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	0.63	(0.04)	0.00	(0.45)	0.00	0.00	1.34	(1.81)	5.07
DIVD	0.52	(0.01)	(0.11)	(0.08)	0.67	(0.56)	0.89	(0.98)	3.36
DIVG	0.58	(0.02)	(0.10)	(0.09)	0.75	(0.57)	1.12	(1.12)	4.36
DIVI	0.58	(0.02)	(0.08)	(0.01)	0.81	(0.63)	1.34	(1.46)	3.80
DIVL	0.56	0.00	(0.08)	0.09	0.71	(0.59)	1.13	(0.89)	4.68
DIVO	0.47	0.06	0.00	1.89	0.46	(0.56)	0.92	(0.60)	4.85
DIVP	0.53	(0.04)	0.00	(0.41)	0.00	0.00	0.89	(0.99)	3.98
DIVY	0.59	(0.02)	(0.09)	0.01	0.72	(0.64)	1.18	(1.07)	5.22
MDPL	0.59	(0.05)	0.00	(0.15)	0.00	0.00	1.09	(1.07)	4.90

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