Man Active Correlations

MEMA Etf

27.06 0.21 0.78%

The current 90-days correlation between Man Active Emerging and First Trust Dorsey is 0.3 (i.e., Weak diversification). The correlation of Man 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.

Man Active Correlation With Market

Modest diversification

The correlation between Man Active Emerging and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Man Active Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Man Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Man Active Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving against Man Etf

0.44	VTV	Vanguard Value Index	Pair Corr
0.39	SFGRX	Seafarer Overseas	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.51	TRV	The Travelers Companies	Pair Corr
0.47	MRK	Merck Company Aggressive Push	Pair Corr
0.47	JNJ	Johnson Johnson	Pair Corr
0.45	JEPI	JPMorgan Equity Premium	Pair Corr
0.43	WMT	Walmart Common Stock	Pair Corr
0.41	AXP	American Express	Pair Corr
0.36	DD	Dupont De Nemours	Pair Corr
0.36	DIS	Walt Disney	Pair Corr
0.34	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	FV	MEMA	MEXX	VEXC	MOAT	MODL	DYTA	MVPA	EAPR
FV		-0.3	0.75	0.83	0.87	0.79	0.86	0.81	0.81	FV
MEMA	-0.3		-0.55	-0.24	-0.44	-0.33	-0.51	-0.18	-0.47	MEMA
MEXX	0.75	-0.55		0.74	0.87	0.81	0.93	0.4	0.91	MEXX
VEXC	0.83	-0.24	0.74		0.73	0.77	0.8	0.53	0.86	VEXC
MOAT	0.87	-0.44	0.87	0.73		0.87	0.94	0.67	0.92	MOAT
MODL	0.79	-0.33	0.81	0.77	0.87		0.86	0.56	0.9	MODL
DYTA	0.86	-0.51	0.93	0.8	0.94	0.86		0.54	0.93	DYTA
MVPA	0.81	-0.18	0.4	0.53	0.67	0.56	0.54		0.48	MVPA
EAPR	0.81	-0.47	0.91	0.86	0.92	0.9	0.93	0.48		EAPR
	FV	MEMA	MEXX	VEXC	MOAT	MODL	DYTA	MVPA	EAPR

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

DYTA	+ 0.94	MOAT
DYTA	+ 0.93	MEXX
EAPR	+ 0.93	DYTA
EAPR	+ 0.92	MOAT
EAPR	+ 0.91	MEXX
EAPR	+ 0.9	MODL

High negative correlations

MEXX	- 0.55	MEMA
DYTA	- 0.51	MEMA
EAPR	- 0.47	MEMA
MOAT	- 0.44	MEMA
MODL	- 0.33	MEMA
MEMA	- 0.3	FV

Man Active Constituents Risk-Adjusted Indicators

There is a big difference between Man Etf performing well and Man 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 Man 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
FV	0.78	0.00	0.01	0.09	0.91	(0.78)	1.55	(1.49)	3.20
MEMA	0.63	0.46	0.00	3.65	0.00	0.00	2.29	(0.74)	3.03
MEXX	2.67	0.31	0.13	0.26	2.63	(3.11)	5.60	(4.43)	13.19
VEXC	0.59	0.03	0.01	0.13	0.67	(0.59)	1.39	(1.18)	4.09
MOAT	0.66	0.04	0.04	0.12	0.66	(0.73)	1.28	(1.08)	3.22
MODL	0.54	(0.02)	(0.04)	0.06	0.72	(0.54)	1.18	(1.04)	2.96
DYTA	0.22	0.01	(0.19)	0.11	0.11	(0.25)	0.52	(0.38)	1.11
MVPA	0.92	(0.05)	(0.02)	0.04	1.20	(0.98)	2.06	(2.08)	4.90
EAPR	0.17	0.01	(0.21)	0.12	0.17	(0.19)	0.41	(0.34)	1.14

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