Investment Managers Correlations

KNO Etf

43.59 0.22 0.51%

The current 90-days correlation between Investment Managers and Vanguard Total Stock is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Investment Managers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Investment Managers Series moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Investment Managers Correlation With Market

Average diversification

The correlation between Investment Managers Series and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investment Managers Series and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Investment Managers Series. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Investment Etf

0.83	BND	Vanguard Total Bond	Pair Corr
0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.84	VWO	Vanguard FTSE Emerging	Pair Corr
0.73	PMBS	PIMCO Mortgage Backed	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.71	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.68	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.63	GE	GE Aerospace Sell-off Trend	Pair Corr
0.85	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.61	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Investment Etf

0.76	DSJA	DSJA	Pair Corr
0.74	MEME	Roundhill Investments	Pair Corr
0.73	RSPY	Tuttle Capital Management	Pair Corr
0.55	VUG	Vanguard Growth Index	Pair Corr
0.37	SPY	SPDR SP 500	Pair Corr
0.37	IVV	iShares Core SP	Pair Corr
0.36	VTI	Vanguard Total Stock	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.63	JPM	JPMorgan Chase Earnings Call Next Week	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.55	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.51	BAC	Bank of America Aggressive Push	Pair Corr
0.46	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.79	-0.52	-0.51	0.4	0.41	0.53	0.21	-0.04	-0.58	META
MSFT	0.79		-0.61	-0.3	0.61	0.05	0.7	0.45	-0.29	-0.64	MSFT
UBER	-0.52	-0.61		0.57	-0.7	0.16	-0.79	-0.55	0.66	0.81	UBER
F	-0.51	-0.3	0.57		-0.06	-0.16	-0.15	0.17	0.06	0.75	F
T	0.4	0.61	-0.7	-0.06		-0.21	0.85	0.81	-0.64	-0.49	T
A	0.41	0.05	0.16	-0.16	-0.21		-0.18	-0.4	0.65	0.17	A
CRM	0.53	0.7	-0.79	-0.15	0.85	-0.18		0.85	-0.72	-0.59	CRM
JPM	0.21	0.45	-0.55	0.17	0.81	-0.4	0.85		-0.78	-0.39	JPM
MRK	-0.04	-0.29	0.66	0.06	-0.64	0.65	-0.72	-0.78		0.46	MRK
XOM	-0.58	-0.64	0.81	0.75	-0.49	0.17	-0.59	-0.39	0.46		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.85	T
JPM	+ 0.85	CRM
XOM	+ 0.81	UBER
JPM	+ 0.81	T
MSFT	+ 0.79	META
XOM	+ 0.75	F

High negative correlations

CRM	- 0.79	UBER
MRK	- 0.78	JPM
MRK	- 0.72	CRM
T	- 0.7	UBER
MRK	- 0.64	T
XOM	- 0.64	MSFT

Investment Managers Competition Risk-Adjusted Indicators

There is a big difference between Investment Etf performing well and Investment Managers 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 Investment Managers' 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
META	1.33	0.15	0.08	0.68	1.43	(1.52)	3.22	(3.15)	7.43
MSFT	0.87	0.04	0.01	(0.29)	1.59	(0.81)	1.78	(1.73)	8.14
UBER	1.73	(0.12)	0.00	(0.69)	0.00	0.00	2.67	(5.35)	20.41
F	1.35	(0.06)	0.00	(0.21)	0.00	0.00	2.38	(2.81)	11.21
T	0.96	0.04	0.02	0.16	1.14	(1.02)	1.93	(1.99)	7.95
A	1.13	(0.11)	0.00	(0.32)	0.00	0.00	2.43	(2.42)	8.06
CRM	1.43	0.27	0.16	3.25	1.36	(1.65)	3.16	(2.88)	14.80
JPM	1.07	0.25	0.19	(17.02)	1.05	(1.29)	1.99	(1.42)	15.87
MRK	0.94	(0.17)	0.00	(0.79)	0.00	0.00	1.72	(2.13)	5.17
XOM	0.76	(0.18)	0.00	(0.81)	0.00	0.00	1.71	(2.14)	6.06

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