Macquarie Focused Correlations

EMEQ Etf

25.89 0.17 0.66%

The current 90-days correlation between Macquarie Focused and Freedom Day Dividend is 0.4 (i.e., Very weak diversification). The correlation of Macquarie Focused 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.

Macquarie Focused Correlation With Market

Weak diversification

The correlation between Macquarie Focused Emerging and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macquarie Focused Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Macquarie Focused Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Macquarie Etf

0.76	VWO	Vanguard FTSE Emerging	Pair Corr
0.84	IEMG	iShares Core MSCI	Pair Corr
0.81	EMC	Global X Funds	Pair Corr
0.86	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.76	SPEM	SPDR Portfolio Emerging	Pair Corr
0.81	FNDE	Schwab Fundamental	Pair Corr
0.87	ESGE	iShares ESG Aware	Pair Corr
0.63	DGS	WisdomTree Emerging	Pair Corr
0.81	XSOE	WisdomTree Emerging	Pair Corr
0.89	EMXC	iShares MSCI Emerging Sell-off Trend	Pair Corr
0.7	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Moving against Macquarie Etf

0.58	MAGS	Roundhill Magnificent	Pair Corr
0.55	ENTR	ERShares Entrepreneurs Symbol Change	Pair Corr
0.37	RFDA	RiverFront Dynamic	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.57	BAC	Bank of America	Pair Corr
0.49	AXP	American Express	Pair Corr
0.48	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI
MBOX		0.13	-0.01	-0.19	0.31	0.97	0.62	0.86	0.31	MBOX
DIEM	0.13		0.91	0.3	-0.58	0.24	0.67	0.3	0.85	DIEM
MCHI	-0.01	0.91		0.3	-0.61	0.11	0.54	0.2	0.7	MCHI
DIPS	-0.19	0.3	0.3		-0.4	-0.12	0.2	0.02	0.27	DIPS
DISO	0.31	-0.58	-0.61	-0.4		0.19	-0.46	0.08	-0.54	DISO
DIVB	0.97	0.24	0.11	-0.12	0.19		0.73	0.91	0.4	DIVB
DIVD	0.62	0.67	0.54	0.2	-0.46	0.73		0.76	0.83	DIVD
DIVG	0.86	0.3	0.2	0.02	0.08	0.91	0.76		0.45	DIVG
DIVI	0.31	0.85	0.7	0.27	-0.54	0.4	0.83	0.45		DIVI
	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI

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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

DIVB	+ 0.97	MBOX
MCHI	+ 0.91	DIEM
DIVG	+ 0.91	DIVB
DIVG	+ 0.86	MBOX
DIVI	+ 0.85	DIEM
DIVI	+ 0.83	DIVD

High negative correlations

DISO	- 0.61	MCHI
DISO	- 0.58	DIEM
DIVI	- 0.54	DISO
DIVD	- 0.46	DISO
DISO	- 0.4	DIPS
DIPS	- 0.19	MBOX

Macquarie Focused Constituents Risk-Adjusted Indicators

There is a big difference between Macquarie Etf performing well and Macquarie Focused 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 Macquarie Focused'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
MBOX	0.64	(0.01)	(0.04)	0.02	0.83	(0.67)	1.27	(1.06)	5.51
DIEM	0.60	(0.08)	0.00	(0.18)	0.00	0.00	1.32	(1.81)	5.07
MCHI	1.27	(0.08)	0.00	(0.16)	0.00	0.00	2.45	(2.72)	12.27
DIPS	1.37	(0.13)	0.00	0.37	0.00	0.00	2.00	(3.47)	9.08
DISO	0.79	0.16	0.14	0.99	0.62	(0.96)	1.51	(1.24)	6.23
DIVB	0.57	(0.02)	(0.08)	(0.02)	0.69	(0.65)	1.11	(0.97)	5.73
DIVD	0.51	(0.05)	0.00	(0.14)	0.00	0.00	0.89	(0.98)	3.36
DIVG	0.58	(0.03)	0.00	(0.21)	0.00	0.00	1.12	(1.12)	4.36
DIVI	0.58	(0.05)	0.00	(0.14)	0.00	0.00	1.14	(1.46)	3.80

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