Exchange Traded Correlations
| OFOS Etf | 19.70 0.55 2.72% |
The current 90-days correlation between Exchange Traded Concepts and Ultimus Managers Trust is 0.1 (i.e., Average diversification). The correlation of Exchange Traded 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.
Exchange Traded Correlation With Market
Modest diversification
The correlation between Exchange Traded Concepts and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exchange Traded Concepts and DJI in the same portfolio, assuming nothing else is changed.
Exchange |
Moving together with Exchange Etf
| 0.76 | XLE | Energy Select Sector | PairCorr |
| 0.82 | VDE | Vanguard Energy Index | PairCorr |
| 0.93 | XOP | SPDR SP Oil | PairCorr |
| 0.94 | OIH | VanEck Oil Services | PairCorr |
| 0.79 | IYE | iShares Energy ETF | PairCorr |
| 0.75 | IXC | iShares Global Energy | PairCorr |
| 0.92 | FXN | First Trust Energy | PairCorr |
| 0.82 | FENY | Fidelity MSCI Energy | PairCorr |
| 0.86 | FTXN | First Trust Nasdaq | PairCorr |
| 0.86 | IEO | iShares Oil Gas | PairCorr |
Moving against Exchange Etf
| 0.31 | T | ATT Inc Aggressive Push | PairCorr |
| 0.49 | MCD | McDonalds | PairCorr |
| 0.42 | BA | Boeing | PairCorr |
| 0.33 | KO | Coca Cola | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Exchange Traded Constituents Risk-Adjusted Indicators
There is a big difference between Exchange Etf performing well and Exchange Traded 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 Exchange Traded'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 | 0.82 | 0.00 | 0.02 | 0.03 | 1.19 | 1.53 | 5.87 | |||
| MGNR | 1.02 | (0.13) | 0.00 | (0.24) | 0.00 | 1.82 | 7.09 | |||
| MISL | 0.86 | (0.08) | 0.00 | 1.65 | 0.00 | 1.42 | 6.08 | |||
| DPST | 3.19 | (0.21) | 0.00 | (0.09) | 0.00 | 5.69 | 23.04 | |||
| DRIP | 2.30 | 0.32 | 0.14 | (0.34) | 2.42 | 6.30 | 14.32 | |||
| DRLL | 0.97 | (0.09) | 0.00 | (0.33) | 0.00 | 1.66 | 5.56 | |||
| MLPX | 1.07 | 0.01 | 0.01 | 0.00 | 1.61 | 1.84 | 7.09 | |||
| MLPR | 1.50 | 0.20 | 0.11 | 0.61 | 1.79 | 2.90 | 8.02 | |||
| MLPA | 0.85 | 0.12 | 0.13 | 0.51 | 0.94 | 1.44 | 4.38 |