Main Thematic Correlations

TMAT Etf

USD 19.56 0.00 0.00%

The current 90-days correlation between Main Thematic Innovation and Main Sector Rotation is 0.01 (i.e., Significant diversification). The correlation of Main Thematic 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.

Main Thematic Correlation With Market

Good diversification

The correlation between Main Thematic Innovation and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main Thematic Innovation and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Main Thematic Innovation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Main Etf

0.78	PSP	Invesco Global Listed	Pair Corr
0.8	FORH	Formidable ETF	Pair Corr
0.73	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.86	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.72	USD	ProShares Ultra Semi	Pair Corr
0.91	FNGO	MicroSectors FANG Index	Pair Corr
0.63	MSFT	Microsoft Aggressive Push	Pair Corr
0.89	AXP	American Express	Pair Corr
0.88	HPQ	HP Inc	Pair Corr
0.75	WMT	Walmart	Pair Corr
0.76	DIS	Walt Disney	Pair Corr
0.75	BA	Boeing	Pair Corr
0.79	HD	Home Depot	Pair Corr

Moving against Main Etf

0.51	JNJ	Johnson Johnson	Pair Corr
0.36	GDXU	MicroSectors Gold Miners	Pair Corr
0.59	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.43	KO	Coca Cola Sell-off Trend	Pair Corr
0.4	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	SECT	GXTG	XDAT	VCLO	GINN
SECT		0.61	0.93	0.0	0.81	SECT
GXTG	0.61		0.61	0.0	0.75	GXTG
XDAT	0.93	0.61		0.0	0.91	XDAT
VCLO	0.0	0.0	0.0		0.0	VCLO
GINN	0.81	0.75	0.91	0.0		GINN
	SECT	GXTG	XDAT	VCLO	GINN

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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

XDAT	+ 0.93	SECT
GINN	+ 0.91	XDAT
GINN	+ 0.81	SECT
GINN	+ 0.75	GXTG
GXTG	+ 0.61	SECT
XDAT	+ 0.61	GXTG

High negative correlations

GINN	- 0.0	VCLO
VCLO	- 0.0	XDAT
VCLO	- 0.0	GXTG
VCLO	- 0.0	SECT

Main Thematic Constituents Risk-Adjusted Indicators

There is a big difference between Main Etf performing well and Main Thematic 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 Main Thematic'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SECT	1.00	(0.09)	(0.13)	1.44	(2.41)	5.14
GXTG	0.90	(0.03)	(0.08)	1.51	(1.71)	4.49
XDAT	1.26	(0.21)	2.06	2.02	(3.41)	8.84
VCLO	0.00	0.00	0.00	0.00	0.00	0.00
GINN	0.96	(0.08)	0.39	1.70	(1.92)	5.85

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