MKAM ETF Correlations

MKAM Etf

29.52 0.00 0.00%

The current 90-days correlation between MKAM ETF and FT Vest Equity is 0.86 (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

Weak diversification

The correlation between MKAM ETF and DJI is 0.31 (i.e., Weak 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.

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

0.65	AOR	iShares Core Growth	Pair Corr
0.77	GDMA	Alpha Architect Gdsdn	Pair Corr
0.89	TUG	STF Tactical Growth	Pair Corr
0.94	OCIO	ClearShares OCIO ETF	Pair Corr
0.74	MFUL	Collaborative Investment	Pair Corr
0.75	RULE	Collaborative Investment	Pair Corr
0.85	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.78	WMT	Walmart	Pair Corr
0.76	T	ATT Inc Earnings Call This Week	Pair Corr
0.72	MSFT	Microsoft Earnings Call Next Week	Pair Corr
0.78	BAC	Bank of America Sell-off Trend	Pair Corr
0.76	DIS	Walt Disney	Pair Corr
0.78	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against MKAM Etf

0.69	PFE	Pfizer Inc Earnings Call Next Week	Pair Corr
0.55	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.5	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	MCHS	DINT	DISV	DJAN	MDLV
DHDG		0.79	0.18	0.64	-0.07	0.03	0.13	0.4	0.12	DHDG
MBCC	0.79		0.35	0.83	0.14	0.39	0.3	0.11	0.48	MBCC
DIHP	0.18	0.35		0.05	0.53	0.81	0.97	-0.65	0.74	DIHP
MCDS	0.64	0.83	0.05		-0.01	0.21	0.02	0.23	0.38	MCDS
MCHS	-0.07	0.14	0.53	-0.01		0.75	0.56	-0.47	0.31	MCHS
DINT	0.03	0.39	0.81	0.21	0.75		0.82	-0.77	0.76	DINT
DISV	0.13	0.3	0.97	0.02	0.56	0.82		-0.68	0.74	DISV
DJAN	0.4	0.11	-0.65	0.23	-0.47	-0.77	-0.68		-0.68	DJAN
MDLV	0.12	0.48	0.74	0.38	0.31	0.76	0.74	-0.68		MDLV
	DHDG	MBCC	DIHP	MCDS	MCHS	DINT	DISV	DJAN	MDLV

Click cells to compare fundamentals

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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

DISV	+ 0.97	DIHP
MCDS	+ 0.83	MBCC
DISV	+ 0.82	DINT
DINT	+ 0.81	DIHP
MBCC	+ 0.79	DHDG
MDLV	+ 0.76	DINT

High negative correlations

DJAN	- 0.77	DINT
MDLV	- 0.68	DJAN
DJAN	- 0.68	DISV
DJAN	- 0.65	DIHP
DJAN	- 0.47	MCHS
MCHS	- 0.07	DHDG

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
DHDG	0.37	0.02	0.01	0.10	0.50	(0.37)	0.91	(0.86)	3.06
MBCC	0.59	(0.03)	0.00	(0.07)	0.00	0.00	1.05	(1.27)	4.33
DIHP	0.56	(0.11)	0.00	(0.59)	0.00	0.00	0.80	(1.25)	4.02
MCDS	0.46	0.02	0.01	0.09	0.63	(0.72)	1.26	(1.11)	6.57
MCHS	1.36	(0.04)	0.00	(0.51)	0.00	0.00	3.08	(3.75)	11.86
DINT	0.94	(0.15)	0.00	(0.54)	0.00	0.00	1.81	(2.87)	7.17
DISV	0.62	(0.09)	0.00	(0.30)	0.00	0.00	1.04	(1.69)	3.82
DJAN	0.10	0.02	0.03	0.84	0.00	(0.12)	0.23	(0.18)	1.11
MDLV	0.51	(0.07)	0.00	(0.22)	0.00	0.00	0.79	(0.96)	2.96

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