Rayliant Quantamental Correlations

RAYC Etf

USD 14.28 0.05 0.35%

The current 90-days correlation between Rayliant Quantamental and KraneShares is -0.01 (i.e., Good diversification). The correlation of Rayliant Quantamental 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.

Rayliant Quantamental Correlation With Market

Average diversification

The correlation between Rayliant Quantamental China and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rayliant Quantamental China 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 Rayliant Quantamental China. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Rayliant Etf

0.88	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.81	FXI	iShares China Large Aggressive Push	Pair Corr
0.65	EWT	iShares MSCI Taiwan	Pair Corr
0.94	ASHR	Xtrackers Harvest CSI	Pair Corr
0.95	GXC	SPDR SP China	Pair Corr
0.92	CQQQ	Invesco China Technology	Pair Corr
0.94	CXSE	WisdomTree China	Pair Corr
0.86	EWH	iShares MSCI Hong	Pair Corr
0.94	KBA	KraneShares Bosera MSCI	Pair Corr
0.93	CNYA	iShares MSCI China	Pair Corr
0.64	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Rayliant Etf

0.59	BIL	SPDR Bloomberg 1	Pair Corr
0.47	ARKW	ARK Next Generation	Pair Corr
0.55	OBIL	US Treasury 12	Pair Corr
0.5	AXP	American Express	Pair Corr
0.44	CSCO	Cisco Systems	Pair Corr
0.36	BA	Boeing	Pair Corr

Related Correlations Analysis

	KFVG	CNYA	KEJI	FLCH	PINK
KFVG		0.68	0.37	0.47	0.63	KFVG
CNYA	0.68		0.15	0.85	0.58	CNYA
KEJI	0.37	0.15		0.22	0.05	KEJI
FLCH	0.47	0.85	0.22		0.58	FLCH
PINK	0.63	0.58	0.05	0.58		PINK
	KFVG	CNYA	KEJI	FLCH	PINK

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Rayliant Quantamental Constituents Risk-Adjusted Indicators

There is a big difference between Rayliant Etf performing well and Rayliant Quantamental 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 Rayliant Quantamental'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
KFVG	1.00	(0.13)	1.23	2.43	(2.28)	8.51
CNYA	1.21	(0.09)	(0.15)	2.76	(3.05)	12.13
KEJI	1.17	(0.06)	0.32	2.82	(2.29)	6.48
FLCH	1.21	(0.05)	(0.05)	2.41	(2.49)	12.17
PINK	0.88	(0.10)	(0.22)	1.80	(1.99)	5.50

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