MAYBANK EMERGING Correlations
MEM Etf | USD 31.89 0.11 0.35% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MAYBANK EMERGING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAYBANK EMERGING ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
MAYBANK EMERGING Correlation With Market
Modest diversification
The correlation between MAYBANK EMERGING ETF and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MAYBANK EMERGING ETF and DJI in the same portfolio, assuming nothing else is changed.
MAYBANK |
Moving together with MAYBANK Etf
0.99 | VWO | Vanguard FTSE Emerging | PairCorr |
0.94 | IEMG | iShares Core MSCI | PairCorr |
0.9 | EMC | Global X Funds | PairCorr |
0.96 | EEM | iShares MSCI Emerging | PairCorr |
0.99 | SPEM | SPDR Portfolio Emerging | PairCorr |
0.98 | FNDE | Schwab Fundamental | PairCorr |
0.96 | ESGE | iShares ESG Aware | PairCorr |
0.98 | XSOE | WisdomTree Emerging | PairCorr |
0.66 | MPAY | Akros Monthly Payout | PairCorr |
0.81 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.75 | HD | Home Depot Sell-off Trend | PairCorr |
0.67 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
0.68 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Moving against MAYBANK Etf
0.34 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
MAYBANK EMERGING Constituents Risk-Adjusted Indicators
There is a big difference between MAYBANK Etf performing well and MAYBANK EMERGING 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 MAYBANK EMERGING'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RCG | 1.74 | 0.36 | 0.12 | 0.48 | 2.31 | 4.04 | 11.33 | |||
ADST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
STG | 5.31 | 0.36 | (0.01) | (0.01) | 9.17 | 12.03 | 45.91 | |||
ECGI | 7.26 | (1.12) | 0.00 | (0.16) | 0.00 | 17.65 | 45.00 | |||
PTA | 0.48 | (0.02) | (0.19) | (0.06) | 0.63 | 1.00 | 2.98 |