Professionally Managed Correlations

OCFS Etf

26.62 1.07 3.86%

The current 90-days correlation between Professionally Managed and Matthews China Discovery is 0.07 (i.e., Significant diversification). The correlation of Professionally Managed 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Professionally Managed Correlation With Market

Weak diversification

The correlation between Professionally Managed Portfol and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Professionally Managed Portfol and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Professionally Managed Portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Professionally Etf

0.76	IJK	iShares SP Mid	Pair Corr
0.76	MDYG	SPDR SP 400	Pair Corr
0.76	IVOG	Vanguard SP Mid	Pair Corr
0.64	VB	Vanguard Small Cap	Pair Corr
0.74	IJH	iShares Core SP	Pair Corr
0.64	EFA	iShares MSCI EAFE Aggressive Push	Pair Corr
0.74	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.61	JNJ	Johnson Johnson Buyout Trend	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.88	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.71	INTC	Intel	Pair Corr

Moving against Professionally Etf

0.53	OBIL	US Treasury 12	Pair Corr
0.48	TOAK	Manager Directed Por	Pair Corr
0.59	BA	Boeing Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	MCHS	MEMS	MSSM	NBSM	FFSM	OCFS	FSCS	FSGS	FSMD
MCHS		0.55	0.43	0.12	0.02	0.32	-0.03	-0.04	-0.01	MCHS
MEMS	0.55		0.3	0.5	0.1	0.49	0.16	0.01	0.13	MEMS
MSSM	0.43	0.3		0.5	0.58	0.59	0.49	0.5	0.54	MSSM
NBSM	0.12	0.5	0.5		0.81	0.82	0.85	0.75	0.84	NBSM
FFSM	0.02	0.1	0.58	0.81		0.81	0.94	0.96	0.98	FFSM
OCFS	0.32	0.49	0.59	0.82	0.81		0.7	0.67	0.76	OCFS
FSCS	-0.03	0.16	0.49	0.85	0.94	0.7		0.96	0.98	FSCS
FSGS	-0.04	0.01	0.5	0.75	0.96	0.67	0.96		0.98	FSGS
FSMD	-0.01	0.13	0.54	0.84	0.98	0.76	0.98	0.98		FSMD
	MCHS	MEMS	MSSM	NBSM	FFSM	OCFS	FSCS	FSGS	FSMD

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

FSMD	+ 0.98	FFSM
FSMD	+ 0.98	FSCS
FSMD	+ 0.98	FSGS
FSGS	+ 0.96	FFSM
FSGS	+ 0.96	FSCS
FSCS	+ 0.94	FFSM

High negative correlations

FSGS	- 0.04	MCHS
FSCS	- 0.03	MCHS
FSMD	- 0.01	MCHS

Professionally Managed Constituents Risk-Adjusted Indicators

There is a big difference between Professionally Etf performing well and Professionally Managed 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 Professionally Managed'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
MCHS	1.21	0.00	(0.03)	0.04	1.57	(1.35)	2.63	(2.37)	11.86
MEMS	0.69	(0.20)	0.00	(0.56)	0.00	0.00	1.09	(1.46)	4.63
MSSM	0.80	(0.13)	0.00	(0.50)	0.00	0.00	1.50	(1.80)	4.31
NBSM	0.76	(0.07)	0.00	(0.26)	0.00	0.00	1.62	(1.33)	6.87
FFSM	0.84	0.00	(0.03)	0.05	1.06	(0.88)	1.77	(1.45)	8.29
OCFS	0.92	(0.12)	0.00	(0.16)	0.00	0.00	2.04	(2.27)	5.76
FSCS	0.68	0.02	(0.01)	0.11	0.78	(0.76)	1.37	(1.29)	7.91
FSGS	0.85	0.03	0.00	0.13	0.98	(0.97)	1.82	(1.22)	10.62
FSMD	0.73	0.01	(0.02)	0.07	0.88	(0.88)	1.56	(1.15)	8.58

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