Global Mofy Correlations

GMM Etf

USD 4.09 0.06 1.49%

The current 90-days correlation between Global Mofy Metaverse and Olo Inc is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Mofy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Mofy Metaverse moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Mofy Correlation With Market

Significant diversification

The correlation between Global Mofy Metaverse and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Mofy Metaverse and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Mofy Metaverse. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against Global Etf

0.53

JKHY

Jack Henry Associates

Pair Corr

Related Correlations Analysis

	OLO	JAMF	DHDG	Z	MBCC	MBBB	BZDYF
OLO		0.51	0.49	0.4	0.29	-0.75	0.0	OLO
JAMF	0.51		0.89	0.87	0.86	-0.2	0.0	JAMF
DHDG	0.49	0.89		0.84	0.94	-0.07	0.0	DHDG
Z	0.4	0.87	0.84		0.83	-0.04	0.0	Z
MBCC	0.29	0.86	0.94	0.83		0.13	0.0	MBCC
MBBB	-0.75	-0.2	-0.07	-0.04	0.13		0.0	MBBB
BZDYF	0.0	0.0	0.0	0.0	0.0	0.0		BZDYF
	OLO	JAMF	DHDG	Z	MBCC	MBBB	BZDYF

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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

MBCC	+ 0.94	DHDG
DHDG	+ 0.89	JAMF
Z	+ 0.87	JAMF
MBCC	+ 0.86	JAMF
Z	+ 0.84	DHDG
MBCC	+ 0.83	Z

High negative correlations

MBBB	- 0.75	OLO
MBBB	- 0.2	JAMF
MBBB	- 0.07	DHDG
MBBB	- 0.04	Z
BZDYF	- 0.0	MBBB
BZDYF	- 0.0	MBCC

Global Mofy Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global Mofy 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 Global Mofy'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
OLO	2.04	(0.17)	0.00	(0.20)	0.00	0.00	3.78	(4.73)	12.60
JAMF	1.41	(0.13)	0.00	(0.29)	0.00	0.00	2.20	(2.75)	11.98
DHDG	0.43	(0.02)	0.00	(0.12)	0.00	0.00	0.87	(0.94)	2.86
Z	1.90	(0.05)	0.00	(0.10)	0.00	0.00	3.23	(4.38)	14.24
MBCC	0.76	(0.02)	0.00	(0.09)	0.00	0.00	1.34	(2.25)	4.26
MBBB	0.25	0.01	0.24	0.10	0.26	(0.27)	0.52	(0.51)	1.48
BZDYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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