Main International Correlations

INTL Etf

USD 30.24 0.03 0.1%

The current 90-days correlation between Main International ETF and Ultimus Managers Trust is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Main International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Main International ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Main International Correlation With Market

Almost no diversification

The correlation between Main International ETF and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main International ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Main Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Main International ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Main Etf

0.99	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.99	IEFA	iShares Core MSCI Aggressive Push	Pair Corr
1.0	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE Aggressive Push	Pair Corr
1.0	IXUS	iShares Core MSCI	Pair Corr
0.99	SPDW	SPDR SP World	Pair Corr
0.99	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.99	DFAX	Dimensional World	Pair Corr
0.94	MUU	Direxion Daily MU	Pair Corr
0.94	MULL	GraniteShares 2x Long	Pair Corr
0.97	KORU	Direxion Daily South	Pair Corr
0.82	GDXU	MicroSectors Gold Miners Upward Rally	Pair Corr
0.86	JNUG	Direxion Daily Junior	Pair Corr
0.78	FNGD	MicroSectors FANG Index	Pair Corr
0.88	NUGT	Direxion Daily Gold	Pair Corr
0.62	AGQ	ProShares Ultra Silver	Pair Corr
0.82	BWET	ETF Managers Group	Pair Corr
0.87	SHNY	Microsectors Gold	Pair Corr
0.75	DBA	Invesco DB Agriculture	Pair Corr
0.76	FXC	Invesco CurrencyShares	Pair Corr
0.86	WDNA	WisdomTree BioRevolution	Pair Corr
0.9	TLCI	Touchstone ETF Trust	Pair Corr
0.91	DFSD	Dimensional ETF Trust	Pair Corr
0.89	GDXY	YieldMax Gold Miners	Pair Corr
0.9	PFFA	Virtus InfraCap Preferred	Pair Corr
0.87	XYLD	Global X SP	Pair Corr
0.95	IQSZ	Invesco Actively Managed	Pair Corr
0.9	XFIX	Fm Investments Symbol Change	Pair Corr
0.98	CHPS	Xtrackers Semiconductor	Pair Corr
0.97	FIDU	Fidelity MSCI Industrials	Pair Corr
0.85	PSFD	Pacer Swan SOS	Pair Corr
0.88	SIXJ	AIM ETF Products	Pair Corr
0.97	IRTR	iShares Trust	Pair Corr
0.86	XAUG	FT Cboe Vest	Pair Corr

Related Correlations Analysis

	LSAF	MDST	EJUL	MVV	TPIF	CPAI	IQSZ	MGMT	TMFM	ERTH
LSAF		0.66	0.88	0.97	0.88	0.87	0.96	0.94	-0.06	0.74	LSAF
MDST	0.66		0.8	0.77	0.9	0.63	0.77	0.81	-0.69	0.64	MDST
EJUL	0.88	0.8		0.93	0.95	0.92	0.95	0.93	-0.28	0.78	EJUL
MVV	0.97	0.77	0.93		0.93	0.91	0.96	0.98	-0.19	0.74	MVV
TPIF	0.88	0.9	0.95	0.93		0.84	0.95	0.94	-0.44	0.8	TPIF
CPAI	0.87	0.63	0.92	0.91	0.84		0.89	0.92	-0.02	0.66	CPAI
IQSZ	0.96	0.77	0.95	0.96	0.95	0.89		0.94	-0.19	0.81	IQSZ
MGMT	0.94	0.81	0.93	0.98	0.94	0.92	0.94		-0.25	0.7	MGMT
TMFM	-0.06	-0.69	-0.28	-0.19	-0.44	-0.02	-0.19	-0.25		-0.2	TMFM
ERTH	0.74	0.64	0.78	0.74	0.8	0.66	0.81	0.7	-0.2		ERTH
	LSAF	MDST	EJUL	MVV	TPIF	CPAI	IQSZ	MGMT	TMFM	ERTH

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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

MGMT	+ 0.98	MVV
MVV	+ 0.97	LSAF
IQSZ	+ 0.96	LSAF
IQSZ	+ 0.96	MVV
TPIF	+ 0.95	EJUL
IQSZ	+ 0.95	EJUL

High negative correlations

TMFM	- 0.69	MDST
TMFM	- 0.44	TPIF
TMFM	- 0.28	EJUL
TMFM	- 0.25	MGMT
ERTH	- 0.2	TMFM
TMFM	- 0.19	IQSZ

Main International Constituents Risk-Adjusted Indicators

There is a big difference between Main Etf performing well and Main International 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 Main International'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
LSAF	0.72	0.02	0.02	0.08	0.73	(0.83)	2.05	(1.48)	4.50
MDST	0.56	0.16	0.15	7.93	0.45	(0.63)	1.25	(1.20)	3.63
EJUL	0.22	0.03	(0.05)	0.22	0.13	(0.24)	0.51	(0.48)	1.06
MVV	1.46	0.13	0.12	0.12	1.51	(1.72)	3.83	(2.80)	9.20
TPIF	0.56	0.13	0.14	0.25	0.51	(0.60)	1.38	(1.02)	3.13
CPAI	0.97	0.05	0.04	0.11	1.32	(0.99)	2.20	(2.57)	6.57
IQSZ	0.62	0.03	0.02	0.10	0.78	(0.61)	1.17	(1.53)	3.91
MGMT	0.89	0.16	0.14	0.20	0.88	(1.01)	2.41	(1.78)	5.95
TMFM	0.89	(0.17)	0.00	(0.09)	0.00	0.00	2.22	(2.14)	5.54
ERTH	0.72	(0.05)	(0.05)	0.01	1.03	(0.66)	1.13	(1.63)	3.64

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