KFA Mount Correlations

KMLM Etf

USD 26.64 0.08 0.30%

The current 90-days correlation between KFA Mount Lucas and WisdomTree Europe SmallCap is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KFA Mount moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KFA Mount Lucas moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KFA Mount Correlation With Market

Significant diversification

The correlation between KFA Mount Lucas and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KFA Mount Lucas and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with KFA Etf

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

Moving against KFA Etf

0.46	DD	Dupont De Nemours	Pair Corr
0.43	MMM	3M Company	Pair Corr
0.4	CSCO	Cisco Systems Buyout Trend	Pair Corr
0.39	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.12	0.16	-0.72	0.74	-0.72	-0.1	-0.51	-0.53	-0.54	META
MSFT	0.12		0.32	0.28	-0.42	0.36	0.15	0.09	0.25	0.11	MSFT
UBER	0.16	0.32		-0.04	0.04	-0.11	0.01	0.41	-0.24	0.2	UBER
F	-0.72	0.28	-0.04		-0.76	0.8	0.31	0.49	0.59	0.68	F
T	0.74	-0.42	0.04	-0.76		-0.91	-0.25	-0.39	-0.59	-0.51	T
A	-0.72	0.36	-0.11	0.8	-0.91		0.27	0.45	0.69	0.6	A
CRM	-0.1	0.15	0.01	0.31	-0.25	0.27		-0.13	0.08	0.19	CRM
JPM	-0.51	0.09	0.41	0.49	-0.39	0.45	-0.13		0.05	0.74	JPM
MRK	-0.53	0.25	-0.24	0.59	-0.59	0.69	0.08	0.05		0.3	MRK
XOM	-0.54	0.11	0.2	0.68	-0.51	0.6	0.19	0.74	0.3		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

A	+ 0.8	F
T	+ 0.74	META
XOM	+ 0.74	JPM
MRK	+ 0.69	A
XOM	+ 0.68	F
XOM	+ 0.6	A

High negative correlations

A	- 0.91	T
T	- 0.76	F
A	- 0.72	META
F	- 0.72	META
MRK	- 0.59	T
XOM	- 0.54	META

KFA Mount Constituents Risk-Adjusted Indicators

There is a big difference between KFA Etf performing well and KFA Mount 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 KFA Mount'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
META	1.28	(0.43)	0.00	(0.39)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.77	(0.11)	0.00	(0.07)	0.00	0.00	1.85	(1.98)	5.08
UBER	1.44	(0.05)	(0.03)	0.02	1.83	(1.52)	3.34	(2.71)	9.09
F	1.37	0.14	0.10	0.17	1.45	(1.62)	3.66	(1.73)	16.30
T	0.98	(0.15)	0.00	(0.59)	0.00	0.00	1.84	(2.32)	6.25
A	1.31	0.21	0.16	0.23	1.12	(1.46)	3.82	(2.15)	10.46
CRM	1.56	(0.04)	(0.02)	0.03	2.20	(1.48)	3.59	(3.61)	9.91
JPM	0.85	0.02	0.02	0.10	1.20	(0.80)	1.67	(1.91)	4.74
MRK	1.22	0.15	0.09	0.29	1.14	(1.44)	1.80	(2.36)	11.45
XOM	0.88	0.14	0.07	0.49	1.03	(0.86)	1.77	(1.93)	4.70

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