MKAM ETF Correlations

MKAM Etf

30.78 0.03 0.1%

The current 90-days correlation between MKAM ETF and ETF Series Solutions is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MKAM ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MKAM ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MKAM ETF Correlation With Market

Poor diversification

The correlation between MKAM ETF and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MKAM ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MKAM Etf

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

To learn how to invest in MKAM Etf, please use our How to Invest in MKAM ETF guide.

Moving together with MKAM Etf

0.76	HF	DGA Core Plus	Pair Corr
0.93	OCIO	ClearShares OCIO ETF	Pair Corr
0.68	RULE	Collaborative Investment	Pair Corr
0.61	UPAR	Tidal ETF Trust	Pair Corr
0.84	CLSM	Cabana Target Leading	Pair Corr
0.86	MSMR	ETF Series Solutions	Pair Corr
0.96	VTI	Vanguard Total Stock	Pair Corr
0.97	SPY	SPDR SP 500	Pair Corr
0.97	IVV	iShares Core SP	Pair Corr
0.96	TOT	Advisor Managed Port	Pair Corr
0.82	VTV	Vanguard Value Index	Pair Corr
0.8	VUG	Vanguard Growth Index	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr
0.7	IBM	International Business	Pair Corr
0.79	AXP	American Express	Pair Corr

Moving against MKAM Etf

0.57	T	ATT Inc	Pair Corr
0.53	PG	Procter Gamble	Pair Corr
0.35	HD	Home Depot	Pair Corr

Related Correlations Analysis

	WAR	LRND	HAUS	EMES	SLJY	GIND	FLJJ	EBIT	ERET	EQLT
WAR		0.41	-0.19	0.34	0.38	-0.28	0.3	0.59	0.23	0.36	WAR
LRND	0.41		0.19	0.65	0.25	0.06	0.65	0.52	0.13	0.77	LRND
HAUS	-0.19	0.19		-0.21	0.57	-0.24	0.66	0.48	0.32	0.3	HAUS
EMES	0.34	0.65	-0.21		-0.22	0.56	0.17	0.03	0.31	0.79	EMES
SLJY	0.38	0.25	0.57	-0.22		-0.53	0.78	0.73	0.02	0.34	SLJY
GIND	-0.28	0.06	-0.24	0.56	-0.53		-0.31	-0.49	0.33	0.24	GIND
FLJJ	0.3	0.65	0.66	0.17	0.78	-0.31		0.79	0.07	0.7	FLJJ
EBIT	0.59	0.52	0.48	0.03	0.73	-0.49	0.79		0.28	0.43	EBIT
ERET	0.23	0.13	0.32	0.31	0.02	0.33	0.07	0.28		0.26	ERET
EQLT	0.36	0.77	0.3	0.79	0.34	0.24	0.7	0.43	0.26		EQLT
	WAR	LRND	HAUS	EMES	SLJY	GIND	FLJJ	EBIT	ERET	EQLT

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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

EQLT	+ 0.79	EMES
EBIT	+ 0.79	FLJJ
FLJJ	+ 0.78	SLJY
EQLT	+ 0.77	LRND
EBIT	+ 0.73	SLJY
EQLT	+ 0.7	FLJJ

High negative correlations

GIND	- 0.53	SLJY
EBIT	- 0.49	GIND
FLJJ	- 0.31	GIND
GIND	- 0.28	WAR
GIND	- 0.24	HAUS
SLJY	- 0.22	EMES

MKAM ETF Constituents Risk-Adjusted Indicators

There is a big difference between MKAM Etf performing well and MKAM ETF 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 MKAM ETF'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
WAR	1.19	(0.06)	(0.02)	0.01	1.54	(1.29)	1.94	(2.71)	6.43
LRND	0.70	(0.02)	(0.03)	0.03	1.02	(0.68)	1.45	(1.73)	4.16
HAUS	0.57	0.00	(0.05)	0.05	0.75	(0.57)	1.41	(1.03)	3.22
EMES	0.75	0.02	0.02	0.08	0.98	(0.83)	1.66	(1.25)	5.41
SLJY	1.90	0.19	0.07	0.23	2.68	(2.00)	4.40	(4.18)	13.41
GIND	0.56	0.02	(0.03)	0.19	0.68	(0.56)	0.87	(1.01)	3.68
FLJJ	0.16	0.01	(0.10)	0.11	0.13	(0.16)	0.38	(0.35)	1.09
EBIT	0.79	(0.05)	(0.04)	0.01	0.98	(0.93)	1.89	(1.64)	4.12
ERET	0.45	(0.04)	0.00	(0.03)	0.00	0.00	0.90	(0.99)	2.81
EQLT	0.75	0.06	0.05	0.13	0.88	(0.75)	1.59	(1.30)	4.56

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