OneAscent Emerging Correlations

OAEM Etf

USD 29.74 0.10 0.34%

The current 90-days correlation between OneAscent Emerging and OneAscent International Equity is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OneAscent Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OneAscent Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

OneAscent Emerging Correlation With Market

Very weak diversification

The correlation between OneAscent Emerging Markets and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneAscent Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneAscent Emerging Markets. 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 OneAscent Etf

0.68	EMC	Global X Funds	Pair Corr
0.64	XSOE	WisdomTree Emerging	Pair Corr
0.65	WMT	Walmart	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	OAIM	OACP	OALC	KGHG	OSEA
OAIM		0.79	-0.23	0.0	0.89	OAIM
OACP	0.79		-0.47	0.0	0.76	OACP
OALC	-0.23	-0.47		0.0	0.0	OALC
KGHG	0.0	0.0	0.0		0.0	KGHG
OSEA	0.89	0.76	0.0	0.0		OSEA
	OAIM	OACP	OALC	KGHG	OSEA

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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

OSEA	+ 0.89	OAIM
OACP	+ 0.79	OAIM
OSEA	+ 0.76	OACP
KGHG	+ 0.0	OAIM
KGHG	+ 0.0	OACP
KGHG	+ 0.0	OALC

High negative correlations

OALC	- 0.47	OACP
OALC	- 0.23	OAIM
OSEA	- 0.0	KGHG
OSEA	- 0.0	OALC
KGHG	- 0.0	OALC
KGHG	- 0.0	OACP

OneAscent Emerging Constituents Risk-Adjusted Indicators

There is a big difference between OneAscent Etf performing well and OneAscent Emerging 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 OneAscent Emerging'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
OAIM	0.63	0.08	0.09	0.14	0.77	(0.67)	1.70	(1.49)	5.18
OACP	0.21	0.01	0.02	0.28	0.20	(0.24)	0.49	(0.39)	1.30
OALC	0.85	(0.07)	0.00	(0.07)	0.00	0.00	1.47	(1.79)	4.38
KGHG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OSEA	0.73	0.01	0.01	0.01	0.99	(0.72)	1.53	(1.67)	4.91

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