International Drawdown Correlations
| IDME Etf | USD 25.68 0.43 1.65% |
The correlation of International Drawdown 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.
International Drawdown Correlation With Market
Poor diversification
The correlation between International Drawdown Managed and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Drawdown Managed and DJI in the same portfolio, assuming nothing else is changed.
International | Build AI portfolio with International Etf |
Moving together with International Etf
| 0.92 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.89 | XYLD | Global X SP | PairCorr |
| 0.93 | RYLD | Global X Russell | PairCorr |
| 0.88 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.92 | KNG | FT Cboe Vest | PairCorr |
| 0.91 | BUYW | Main Buywrite ETF | PairCorr |
| 0.86 | VTI | Vanguard Total Stock | PairCorr |
| 0.84 | SPY | SPDR SP 500 | PairCorr |
| 0.84 | IVV | iShares Core SP | PairCorr |
| 0.63 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.96 | VTV | Vanguard Value Index | PairCorr |
| 0.91 | VO | Vanguard Mid Cap | PairCorr |
| 1.0 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.93 | VB | Vanguard Small Cap | PairCorr |
| 0.94 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.68 | AA | Alcoa Corp | PairCorr |
| 0.69 | INTC | Intel Aggressive Push | PairCorr |
| 0.62 | CAT | Caterpillar | PairCorr |
| 0.68 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.62 | HD | Home Depot | PairCorr |
| 0.85 | BA | Boeing Sell-off Trend | PairCorr |
Moving against International Etf
| 0.42 | T | ATT Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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International Drawdown Constituents Risk-Adjusted Indicators
There is a big difference between International Etf performing well and International Drawdown 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 International Drawdown'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADME | 0.48 | 0.00 | (0.04) | 0.06 | 0.68 | 0.74 | 3.07 | |||
| DTCR | 1.19 | 0.16 | 0.07 | 5.78 | 1.48 | 2.12 | 6.62 | |||
| MOHR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABLD | 0.62 | 0.15 | 0.14 | (2.52) | 0.59 | 1.15 | 3.92 | |||
| RNEW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EBLU | 0.67 | 0.09 | 0.06 | (1.92) | 0.74 | 1.70 | 4.11 | |||
| RESP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DWAQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ISDX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MJUS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |