MAYBANK EMERGING Correlations

MEM Etf

USD 34.01 0.43 1.28%

The current 90-days correlation between MAYBANK EMERGING ETF and RENN Fund is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MAYBANK EMERGING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAYBANK EMERGING ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MAYBANK EMERGING Correlation With Market

Very weak diversification

The correlation between MAYBANK EMERGING ETF and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MAYBANK EMERGING ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MAYBANK Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAYBANK EMERGING ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

Moving together with MAYBANK Etf

0.62	VWO	Vanguard FTSE Emerging	Pair Corr
0.99	IEMG	iShares Core MSCI	Pair Corr
0.96	EMC	Global X Funds	Pair Corr
0.84	EEM	iShares MSCI Emerging	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.83	FNDE	Schwab Fundamental	Pair Corr
0.98	ESGE	iShares ESG Aware	Pair Corr
0.95	SFGRX	Seafarer Overseas	Pair Corr
0.94	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.61	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.61	IVV	iShares Core SP	Pair Corr
0.61	VUG	Vanguard Growth Index	Pair Corr
0.66	VEA	Vanguard FTSE Developed	Pair Corr
0.62	VB	Vanguard Small Cap	Pair Corr
0.94	SPYV	SPDR Portfolio SP	Pair Corr
0.63	GSJY	Goldman Sachs ActiveBeta	Pair Corr
0.62	IJT	iShares SP Small	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.61	VZ	Verizon Communications Aggressive Push	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.71	HD	Home Depot	Pair Corr

Moving against MAYBANK Etf

0.61

IBM

International Business

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.8	0.51	0.58	0.53	0.17	-0.75	0.62	0.38	-0.06	META
MSFT	0.8		0.48	0.58	0.18	0.03	-0.57	0.81	0.4	0.1	MSFT
UBER	0.51	0.48		0.85	0.44	0.49	-0.2	0.68	0.68	0.37	UBER
F	0.58	0.58	0.85		0.52	0.58	-0.41	0.79	0.82	0.5	F
T	0.53	0.18	0.44	0.52		0.6	-0.45	0.41	0.58	0.1	T
A	0.17	0.03	0.49	0.58	0.6		0.02	0.42	0.65	0.53	A
CRM	-0.75	-0.57	-0.2	-0.41	-0.45	0.02		-0.36	-0.33	0.11	CRM
JPM	0.62	0.81	0.68	0.79	0.41	0.42	-0.36		0.65	0.38	JPM
MRK	0.38	0.4	0.68	0.82	0.58	0.65	-0.33	0.65		0.52	MRK
XOM	-0.06	0.1	0.37	0.5	0.1	0.53	0.11	0.38	0.52		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

F	+ 0.85	UBER
MRK	+ 0.82	F
JPM	+ 0.81	MSFT
MSFT	+ 0.8	META
JPM	+ 0.79	F
JPM	+ 0.68	UBER

High negative correlations

CRM	- 0.75	META
CRM	- 0.57	MSFT
CRM	- 0.45	T
CRM	- 0.41	F
JPM	- 0.36	CRM
MRK	- 0.33	CRM

MAYBANK EMERGING Competition Risk-Adjusted Indicators

There is a big difference between MAYBANK Etf performing well and MAYBANK 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 MAYBANK 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
META	1.34	0.11	0.08	0.22	1.20	(1.62)	3.15	(2.27)	14.28
MSFT	0.72	0.06	0.01	0.24	0.76	(0.80)	1.58	(1.47)	5.71
UBER	1.35	0.09	0.04	0.23	1.42	(1.43)	2.72	(2.02)	11.37
F	1.18	0.12	0.09	0.19	1.30	(1.21)	2.55	(2.20)	7.46
T	0.78	0.08	0.00	0.60	0.91	(0.82)	1.86	(1.96)	5.41
A	1.37	0.06	0.07	0.13	1.56	(1.43)	3.24	(2.46)	9.19
CRM	1.30	(0.17)	0.00	(0.07)	0.00	0.00	2.76	(3.19)	8.74
JPM	0.86	0.06	0.05	0.15	1.02	(0.93)	1.78	(1.51)	5.19
MRK	1.19	0.08	0.04	0.18	1.41	(1.19)	2.90	(2.36)	7.79
XOM	1.04	0.08	0.00	0.83	1.42	(1.01)	2.14	(2.58)	6.25

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