Man Active Correlations

MEMA Etf

28.16 0.16 0.57%

The current 90-days correlation between Man Active Emerging and First Trust Bloomberg is 0.1 (i.e., Average 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

Very good diversification

The correlation between Man Active Emerging and DJI is -0.3 (i.e., Very good 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 industry.

Moving against Man Etf

0.35	CPST	Calamos ETF Trust	Pair Corr
0.35	AHYB	American Century ETF	Pair Corr
0.62	BAC	Bank of America Aggressive Push	Pair Corr
0.57	JPM	JPMorgan Chase	Pair Corr
0.52	AXP	American Express	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.4	TRV	The Travelers Companies	Pair Corr
0.36	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	EQRR	ASCE	ERET	LBO	EMES	JHID	EBIT	SEA	WAR	EMDM
EQRR		0.94	0.79	0.65	0.74	0.93	0.94	0.92	0.91	0.84	EQRR
ASCE	0.94		0.75	0.72	0.64	0.9	0.96	0.86	0.9	0.77	ASCE
ERET	0.79	0.75		0.27	0.82	0.87	0.81	0.9	0.84	0.9	ERET
LBO	0.65	0.72	0.27		0.13	0.47	0.67	0.38	0.51	0.28	LBO
EMES	0.74	0.64	0.82	0.13		0.79	0.66	0.85	0.88	0.91	EMES
JHID	0.93	0.9	0.87	0.47	0.79		0.9	0.97	0.91	0.94	JHID
EBIT	0.94	0.96	0.81	0.67	0.66	0.9		0.89	0.9	0.8	EBIT
SEA	0.92	0.86	0.9	0.38	0.85	0.97	0.89		0.92	0.95	SEA
WAR	0.91	0.9	0.84	0.51	0.88	0.91	0.9	0.92		0.9	WAR
EMDM	0.84	0.77	0.9	0.28	0.91	0.94	0.8	0.95	0.9		EMDM
	EQRR	ASCE	ERET	LBO	EMES	JHID	EBIT	SEA	WAR	EMDM

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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
EQRR	0.63	0.07	0.07	0.13	0.83	(0.64)	1.33	(1.40)	3.61
ASCE	0.94	0.04	0.04	0.08	1.04	(0.96)	1.65	(1.88)	4.59
ERET	0.40	0.05	0.03	0.17	0.48	(0.40)	0.98	(0.72)	2.74
LBO	0.90	(0.13)	0.00	(0.08)	0.00	0.00	2.06	(2.64)	5.60
EMES	0.71	0.05	0.04	0.12	0.76	(0.85)	1.78	(1.25)	4.37
JHID	0.49	0.17	0.26	0.37	0.18	(0.58)	1.02	(0.79)	2.65
EBIT	0.79	0.08	0.10	0.12	0.72	(1.00)	2.22	(1.60)	4.82
SEA	0.66	0.14	0.12	0.28	0.73	(0.71)	1.35	(1.46)	3.62
WAR	1.16	0.10	0.08	0.12	1.34	(1.29)	2.35	(2.70)	6.06
EMDM	0.83	0.29	0.21	4.03	0.89	(0.92)	1.84	(1.47)	6.46

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Man Active Correlations

Man Active Correlation With Market

Very good diversification

Moving against Man Etf

Related Correlations Analysis

Man Active Constituents Risk-Adjusted Indicators

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