Investment Managers Correlations

PPI Etf

USD 15.00 0.06 0.40%

The current 90-days correlation between Investment Managers and VanEck Inflation Allocation is 0.71 (i.e., Poor diversification). The correlation of Investment Managers 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.

Investment Managers Correlation With Market

Poor diversification

The correlation between Investment Managers Series and DJI is 0.61 (i.e., Poor 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 Your Equity Center 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 american community survey.

Moving together with Investment Etf

0.68	AOA	iShares Core Aggressive	Pair Corr
0.69	FCEF	First Trust Income	Pair Corr
0.67	HUM	Humana Inc	Pair Corr
0.86	JAVA	JPMorgan Active Value	Pair Corr
0.84	KONG	Formidable Fortress ETF	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.72	JPM	JPMorgan Chase	Pair Corr
0.61	CAT	Caterpillar	Pair Corr

Moving against Investment Etf

0.5	MKC	McCormick Company Sell-off Trend	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.43	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.34	MCD	McDonalds	Pair Corr
0.31	MRK	Merck Company	Pair Corr
0.31	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	RAAX	INFL	RLY	PFIX	IWIN
RAAX		0.93	0.99	-0.18	0.0	RAAX
INFL	0.93		0.94	-0.11	0.0	INFL
RLY	0.99	0.94		-0.15	0.0	RLY
PFIX	-0.18	-0.11	-0.15		0.0	PFIX
IWIN	0.0	0.0	0.0	0.0		IWIN
	RAAX	INFL	RLY	PFIX	IWIN

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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

RLY	+ 0.99	RAAX
RLY	+ 0.94	INFL
INFL	+ 0.93	RAAX
IWIN	+ 0.0	RAAX
IWIN	+ 0.0	INFL
IWIN	+ 0.0	RLY

High negative correlations

PFIX	- 0.18	RAAX
PFIX	- 0.15	RLY
PFIX	- 0.11	INFL
IWIN	- 0.0	PFIX
IWIN	- 0.0	RLY
IWIN	- 0.0	INFL

Investment Managers Constituents 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
RAAX	0.59	0.09	0.09	0.26	0.76	(0.58)	1.16	(1.26)	4.25
INFL	0.89	0.10	0.07	0.14	1.20	(0.92)	1.91	(2.08)	4.85
RLY	0.47	0.07	0.10	0.19	0.54	(0.49)	0.96	(0.94)	2.27
PFIX	1.95	0.05	0.02	0.26	2.35	(1.95)	4.06	(4.05)	10.66
IWIN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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