Main Thematic Correlations

TMAT Etf

USD 24.68 0.30 1.20%

The current 90-days correlation between Main Thematic Innovation and Managed Portfolio Series is 0.66 (i.e., Poor diversification). The correlation of Main Thematic 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.

Main Thematic Correlation With Market

Very good diversification

The correlation between Main Thematic Innovation and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main Thematic Innovation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Main Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Main Thematic Innovation. 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.

Moving against Main Etf

0.66	VRAI	Virtus Real Asset	Pair Corr
0.54	INFL	Horizon Kinetics Inf	Pair Corr
0.51	PBD	Invesco Global Clean	Pair Corr
0.49	ELON	Battleshares TSLA	Pair Corr
0.48	IJS	iShares SP Small	Pair Corr
0.48	RHRX	Starboard Investment	Pair Corr
0.47	AMPD	Tidal ETF Services	Pair Corr
0.38	SAGP	Advisorsa Inner	Pair Corr
0.33	CTEC	Global X CleanTech	Pair Corr
0.61	DXJ	WisdomTree Japan Hedged	Pair Corr
0.61	DES	WisdomTree SmallCap	Pair Corr
0.58	IYR	iShares Real Estate	Pair Corr
0.56	FIDU	Fidelity MSCI Industrials	Pair Corr
0.56	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.55	AVUV	Avantis Small Cap	Pair Corr
0.55	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.52	IOCT	Innovator ETFs Trust	Pair Corr
0.51	EPU	iShares MSCI Peru	Pair Corr
0.43	AUMI	Themes Gold Miners	Pair Corr
0.43	EAFG	Pacer Funds Trust	Pair Corr
0.41	ITDD	iShares Trust	Pair Corr
0.36	BIB	ProShares Ultra Nasdaq	Pair Corr
0.67	BMNZ	Tidal Trust II Buyout Trend	Pair Corr
0.64	VYMI	Vanguard International Sell-off Trend	Pair Corr
0.64	ISTB	iShares Core 1	Pair Corr
0.63	SCDV	ETF Series Solutions	Pair Corr
0.62	SEA	US Global Sea	Pair Corr
0.58	CCNR	CoreCommodity Natural	Pair Corr
0.56	BND	Vanguard Total Bond	Pair Corr
0.56	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr

Related Correlations Analysis

	RNEM	RBLD	DTRE	SCAP	QLVE	JCHI	PEMX	SHRY	FTXH	LST
RNEM		0.95	0.9	0.84	0.97	0.7	0.98	0.92	0.94	0.94	RNEM
RBLD	0.95		0.96	0.81	0.94	0.56	0.97	0.94	0.92	0.91	RBLD
DTRE	0.9	0.96		0.79	0.91	0.51	0.93	0.92	0.89	0.88	DTRE
SCAP	0.84	0.81	0.79		0.86	0.78	0.85	0.9	0.83	0.95	SCAP
QLVE	0.97	0.94	0.91	0.86		0.71	0.98	0.92	0.91	0.94	QLVE
JCHI	0.7	0.56	0.51	0.78	0.71		0.66	0.61	0.59	0.72	JCHI
PEMX	0.98	0.97	0.93	0.85	0.98	0.66		0.94	0.93	0.95	PEMX
SHRY	0.92	0.94	0.92	0.9	0.92	0.61	0.94		0.93	0.97	SHRY
FTXH	0.94	0.92	0.89	0.83	0.91	0.59	0.93	0.93		0.93	FTXH
LST	0.94	0.91	0.88	0.95	0.94	0.72	0.95	0.97	0.93		LST
	RNEM	RBLD	DTRE	SCAP	QLVE	JCHI	PEMX	SHRY	FTXH	LST

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Main Thematic Constituents Risk-Adjusted Indicators

There is a big difference between Main Etf performing well and Main Thematic 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 Main Thematic'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
RNEM	0.48	0.06	(0.03)	0.28	0.33	(0.55)	0.93	(0.69)	2.76
RBLD	0.63	0.15	0.15	0.32	0.46	(0.72)	1.35	(1.39)	3.22
DTRE	0.52	0.09	0.03	0.34	0.54	(0.55)	1.17	(1.14)	3.27
SCAP	0.74	0.08	0.10	0.19	0.67	(0.90)	1.73	(1.39)	5.16
QLVE	0.62	0.11	0.07	0.32	0.55	(0.74)	1.52	(0.86)	6.35
JCHI	0.65	(0.03)	(0.11)	0.05	0.73	(0.73)	1.22	(1.38)	4.63
PEMX	0.75	0.31	0.34	0.56	0.13	(0.96)	2.39	(0.96)	4.15
SHRY	0.56	0.10	0.11	0.25	0.34	(0.66)	1.34	(0.85)	3.46
FTXH	0.80	0.10	0.07	0.28	0.58	(1.02)	1.95	(1.24)	3.80
LST	0.70	0.13	0.13	0.26	0.59	(0.84)	1.34	(1.11)	4.73

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Main Thematic Correlations

Main Thematic Correlation With Market

Very good diversification

Moving against Main Etf

Related Correlations Analysis

Main Thematic Constituents Risk-Adjusted Indicators

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