Themes Global Correlations

GSIB Etf

33.55 0.14 0.42%

The current 90-days correlation between Themes Global System and Ultimus Managers Trust is 0.27 (i.e., Modest diversification). The correlation of Themes Global 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.

Themes Global Correlation With Market

Poor diversification

The correlation between Themes Global Systemically and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes Global Systemically 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 Themes Global Systemically. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Themes Etf

0.92	XLF	Financial Select Sector	Pair Corr
0.93	VFH	Vanguard Financials Index	Pair Corr
0.89	KRE	SPDR SP Regional	Pair Corr
0.9	KBE	SPDR SP Bank	Pair Corr
0.92	IYF	iShares Financials ETF	Pair Corr
0.92	FNCL	Fidelity MSCI Financials	Pair Corr
0.93	IYG	iShares Financial	Pair Corr
0.93	FXO	First Trust Financials	Pair Corr
0.9	IAT	iShares Regional Banks	Pair Corr
0.61	MLPR	ETRACS Quarterly Pay	Pair Corr
0.8	DIG	ProShares Ultra Oil	Pair Corr
0.69	AMZA	InfraCap MLP ETF	Pair Corr
0.61	DFEN	Direxion Daily Aerospace	Pair Corr
0.72	SGG	Barclays Capital	Pair Corr
0.86	ATMP	Barclays ETN Select	Pair Corr
0.79	USD	ProShares Ultra Semi	Pair Corr
0.95	EOS	Eaton Vance Enhanced	Pair Corr
0.8	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.64	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.75	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.92	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.96	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.82	DIS	Walt Disney Aggressive Push	Pair Corr
0.82	WMT	Walmart Aggressive Push	Pair Corr
0.87	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.94	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Themes Etf

0.64	NRGU	Bank Of Montreal	Pair Corr
0.46	TUR	iShares MSCI Turkey	Pair Corr
0.89	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	MDST	MGNR	DPST	DRIP	DRLL	MLPX	MLPR	MLPA	MLPB
MDST		0.82	0.92	-0.85	0.85	0.99	0.83	0.9	0.88	MDST
MGNR	0.82		0.7	-0.78	0.79	0.82	0.66	0.71	0.7	MGNR
DPST	0.92	0.7		-0.77	0.75	0.93	0.76	0.82	0.8	DPST
DRIP	-0.85	-0.78	-0.77		-0.99	-0.84	-0.75	-0.79	-0.77	DRIP
DRLL	0.85	0.79	0.75	-0.99		0.85	0.72	0.77	0.75	DRLL
MLPX	0.99	0.82	0.93	-0.84	0.85		0.82	0.88	0.86	MLPX
MLPR	0.83	0.66	0.76	-0.75	0.72	0.82		0.98	0.98	MLPR
MLPA	0.9	0.71	0.82	-0.79	0.77	0.88	0.98		1.0	MLPA
MLPB	0.88	0.7	0.8	-0.77	0.75	0.86	0.98	1.0		MLPB
	MDST	MGNR	DPST	DRIP	DRLL	MLPX	MLPR	MLPA	MLPB

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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

MLPB	+ 1.0	MLPA
MLPX	+ 0.99	MDST
MLPA	+ 0.98	MLPR
MLPB	+ 0.98	MLPR
MLPX	+ 0.93	DPST
DPST	+ 0.92	MDST

High negative correlations

DRLL	- 0.99	DRIP
DRIP	- 0.85	MDST
MLPX	- 0.84	DRIP
MLPA	- 0.79	DRIP
DRIP	- 0.78	MGNR
MLPB	- 0.77	DRIP

Themes Global Constituents Risk-Adjusted Indicators

There is a big difference between Themes Etf performing well and Themes Global 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 Themes Global'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
MDST	0.67	0.12	0.09	0.37	0.49	(0.77)	1.59	(0.91)	4.02
MGNR	0.99	0.08	0.04	0.24	1.19	(1.11)	2.34	(1.79)	5.83
DPST	4.11	(0.03)	0.16	0.12	3.88	(5.02)	8.64	(5.98)	51.17
DRIP	2.39	0.07	0.00	0.09	0.00	0.00	5.12	(4.18)	18.28
DRLL	0.92	(0.02)	(0.04)	0.11	1.32	(0.87)	1.86	(2.04)	5.72
MLPX	0.77	0.25	0.21	0.61	0.47	(0.92)	1.61	(1.14)	5.35
MLPR	1.02	0.19	0.13	0.34	0.97	(1.14)	3.00	(1.74)	9.64
MLPA	0.60	0.15	0.11	0.50	0.26	(0.69)	1.45	(0.92)	3.72
MLPB	0.66	0.16	0.13	0.50	0.35	(0.81)	1.54	(1.24)	3.95

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