Keating Active Correlations

KEAT Etf

34.48 0.02 0.06%

The current 90-days correlation between Keating Active ETF and Two Roads Shared is 0.61 (i.e., Poor diversification). The correlation of Keating Active 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.

Keating Active Correlation With Market

Poor diversification

The correlation between Keating Active ETF and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keating Active ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Keating Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keating Active 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 nation.

Moving together with Keating Etf

0.98	PPI	Investment Managers	Pair Corr
0.96	DLN	WisdomTree LargeCap	Pair Corr
0.74	CEF	Sprott Physical Gold	Pair Corr
0.98	VPL	Vanguard FTSE Pacific	Pair Corr
0.82	WIA	Western AssetClaymore	Pair Corr
0.9	RWR	SPDR Dow Jones	Pair Corr
0.75	WIW	Western Asset Claymore	Pair Corr
0.82	AAAA	Amplius Aggressive Asset	Pair Corr
0.96	NTSI	WisdomTree International	Pair Corr
0.95	EDGI	Advisors Inner	Pair Corr
0.96	ROMO	Strategy Shares Newf	Pair Corr
0.91	FOPC	Advisors Inner	Pair Corr
0.97	WEEI	Westwood Salient Enhanced	Pair Corr
0.86	RNMC	First Trust Mid	Pair Corr
0.69	FPAS	FPA Short Duration	Pair Corr
0.89	CLOC	ETF Series Solutions	Pair Corr
0.95	BESF	EA Series Trust	Pair Corr
0.95	YDEC	First Trust Exchange	Pair Corr
0.84	MNZL	Manzil Russell Halal	Pair Corr
0.9	XFIX	Fm Investments Symbol Change	Pair Corr
0.89	AGG	iShares Core Aggregate Sell-off Trend	Pair Corr
0.97	VFMV	Vanguard Minimum Vol	Pair Corr
0.9	KNGZ	First Trust Exchange	Pair Corr
0.96	ENFR	Alerian Energy Infra	Pair Corr
0.89	ETHO	Amplify Etho Climate	Pair Corr
0.89	VWO	Vanguard FTSE Emerging	Pair Corr
0.92	ASIA	Matthews International	Pair Corr
0.94	VLU	SPDR SP 1500	Pair Corr
0.97	IYM	iShares Basic Materials	Pair Corr
0.96	DOGG	First Trust Exchange	Pair Corr
0.94	CNAV	Mohr Company	Pair Corr
0.79	IEI	iShares 3 7	Pair Corr
0.93	IJK	iShares SP Mid	Pair Corr
0.96	DWM	WisdomTree International	Pair Corr
0.87	FTCB	First Trust Exchange	Pair Corr
0.88	UCO	ProShares Ultra Bloomberg	Pair Corr

Moving against Keating Etf

0.56

PSP

Invesco Global Listed

Pair Corr

Related Correlations Analysis

	SPTB	AMZZ	SPYT	DSMC	IBIK	HECO	KNGZ	GSIB	MRNY	CGV
SPTB		-0.77	0.1	0.54	0.97	0.04	0.6	0.29	0.61	0.75	SPTB
AMZZ	-0.77		0.14	-0.49	-0.76	0.23	-0.56	-0.23	-0.42	-0.59	AMZZ
SPYT	0.1	0.14		0.4	0.16	0.46	0.44	0.59	0.35	0.42	SPYT
DSMC	0.54	-0.49	0.4		0.58	0.38	0.97	0.82	0.85	0.89	DSMC
IBIK	0.97	-0.76	0.16	0.58		0.1	0.64	0.31	0.62	0.78	IBIK
HECO	0.04	0.23	0.46	0.38	0.1		0.32	0.33	0.46	0.38	HECO
KNGZ	0.6	-0.56	0.44	0.97	0.64	0.32		0.83	0.83	0.91	KNGZ
GSIB	0.29	-0.23	0.59	0.82	0.31	0.33	0.83		0.67	0.75	GSIB
MRNY	0.61	-0.42	0.35	0.85	0.62	0.46	0.83	0.67		0.92	MRNY
CGV	0.75	-0.59	0.42	0.89	0.78	0.38	0.91	0.75	0.92		CGV
	SPTB	AMZZ	SPYT	DSMC	IBIK	HECO	KNGZ	GSIB	MRNY	CGV

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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

IBIK	+ 0.97	SPTB
KNGZ	+ 0.97	DSMC
CGV	+ 0.92	MRNY
CGV	+ 0.91	KNGZ
CGV	+ 0.89	DSMC
MRNY	+ 0.85	DSMC

High negative correlations

AMZZ	- 0.77	SPTB
IBIK	- 0.76	AMZZ
CGV	- 0.59	AMZZ
KNGZ	- 0.56	AMZZ
DSMC	- 0.49	AMZZ
MRNY	- 0.42	AMZZ

Keating Active Constituents Risk-Adjusted Indicators

There is a big difference between Keating Etf performing well and Keating Active 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 Keating Active'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
SPTB	0.14	0.00	(0.18)	0.03	0.14	(0.17)	0.33	(0.26)	0.91
AMZZ	2.61	(0.22)	0.00	(0.16)	0.00	0.00	5.05	(4.89)	18.08
SPYT	0.44	0.00	(0.05)	0.01	0.65	(0.45)	0.78	(1.12)	3.19
DSMC	0.77	0.10	0.11	0.13	0.76	(0.84)	2.31	(1.19)	5.28
IBIK	0.17	0.00	(0.17)	(0.88)	0.18	(0.18)	0.35	(0.31)	0.78
HECO	2.04	0.01	0.01	0.04	2.46	(2.25)	4.40	(3.96)	12.75
KNGZ	0.62	0.09	0.10	0.13	0.66	(0.66)	1.70	(1.38)	3.97
GSIB	0.88	0.05	0.04	0.08	1.10	(0.90)	1.69	(1.89)	5.65
MRNY	2.66	0.92	0.28	0.67	2.52	(3.01)	9.59	(4.94)	19.54
CGV	0.68	0.16	0.11	0.32	0.95	(0.71)	1.56	(1.17)	6.89

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