PortfolioPlus Emerging Correlations

PPEM Etf

USD 26.43 0.00 0.00%

The current 90-days correlation between PortfolioPlus Emerging and Emerging Markets Active is 0.97 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PortfolioPlus Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PortfolioPlus Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PortfolioPlus Emerging Correlation With Market

Very weak diversification

The correlation between PortfolioPlus Emerging Markets and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PortfolioPlus Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PortfolioPlus Etf

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

Moving together with PortfolioPlus Etf

0.71	SSO	ProShares Ultra SP500	Pair Corr
0.74	SPXL	Direxion Daily SP500	Pair Corr
0.82	QLD	ProShares Ultra QQQ	Pair Corr
0.74	UPRO	ProShares UltraPro SP500	Pair Corr
0.88	TECL	Direxion Daily Technology	Pair Corr
0.62	NVDL	GraniteShares 15x Long Aggressive Push	Pair Corr
0.87	BULZ	MicroSectors Solactive	Pair Corr
0.78	USD	ProShares Ultra Semi	Pair Corr
0.67	FNGO	MicroSectors FANG Index	Pair Corr
0.68	FNGG	Direxion Daily Select	Pair Corr
0.77	FFLG	Fidelity Covington Trust Low Volatility	Pair Corr
0.66	ITDJ	iShares Trust	Pair Corr
0.77	QQQM	Invesco NASDAQ 100	Pair Corr
0.83	QQH	HCM Defender 100	Pair Corr

Related Correlations Analysis

	REMG	DEEF	JPY	GEME	FDFF	GMOV	KBWR	PRXV	WLDR	FLGR
REMG		0.64	0.76	0.86	-0.03	0.38	0.03	0.42	0.43	0.23	REMG
DEEF	0.64		0.77	0.87	0.11	0.92	0.67	0.92	0.84	0.47	DEEF
JPY	0.76	0.77		0.76	0.25	0.64	0.4	0.69	0.65	0.46	JPY
GEME	0.86	0.87	0.76		0.1	0.72	0.45	0.73	0.75	0.47	GEME
FDFF	-0.03	0.11	0.25	0.1		0.19	0.45	0.27	0.51	0.82	FDFF
GMOV	0.38	0.92	0.64	0.72	0.19		0.86	0.97	0.86	0.48	GMOV
KBWR	0.03	0.67	0.4	0.45	0.45	0.86		0.84	0.84	0.58	KBWR
PRXV	0.42	0.92	0.69	0.73	0.27	0.97	0.84		0.87	0.58	PRXV
WLDR	0.43	0.84	0.65	0.75	0.51	0.86	0.84	0.87		0.74	WLDR
FLGR	0.23	0.47	0.46	0.47	0.82	0.48	0.58	0.58	0.74		FLGR
	REMG	DEEF	JPY	GEME	FDFF	GMOV	KBWR	PRXV	WLDR	FLGR

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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

PRXV	+ 0.97	GMOV
GMOV	+ 0.92	DEEF
PRXV	+ 0.92	DEEF
GEME	+ 0.87	DEEF
WLDR	+ 0.87	PRXV
GEME	+ 0.86	REMG

High negative correlations

FDFF

- 0.03

REMG

PortfolioPlus Emerging Constituents Risk-Adjusted Indicators

There is a big difference between PortfolioPlus Etf performing well and PortfolioPlus Emerging 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 PortfolioPlus Emerging'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
REMG	0.75	(0.01)	(0.01)	0.06	0.99	(0.77)	1.37	(1.24)	4.80
DEEF	0.52	0.03	0.00	0.11	0.61	(0.52)	0.94	(0.91)	2.82
JPY	0.80	(0.05)	(0.04)	0.02	1.17	(0.81)	1.75	(1.88)	6.60
GEME	0.79	0.06	0.04	0.14	0.87	(0.86)	1.68	(1.71)	5.67
FDFF	0.88	(0.13)	0.00	(0.03)	0.00	0.00	1.45	(2.38)	3.86
GMOV	0.57	0.02	0.02	0.10	0.56	(0.67)	1.22	(0.95)	2.97
KBWR	1.02	(0.03)	0.00	0.05	1.62	(1.10)	2.95	(2.40)	9.25
PRXV	0.51	0.00	(0.02)	0.07	0.53	(0.58)	0.87	(0.98)	2.51
WLDR	0.75	(0.01)	(0.01)	0.06	1.00	(0.68)	1.34	(1.65)	3.62
FLGR	0.68	(0.02)	(0.03)	0.05	0.85	(0.67)	1.23	(1.33)	3.49

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