Purpose Multi Correlations

PMM Etf

CAD 26.84 0.04 0.15%

The current 90-days correlation between Purpose Multi Strategy and Invesco RAFI Index is -0.07 (i.e., Good diversification).When Purpose Multi exhibits high correlation with a broad index, its returns are largely explained by market-wide movements rather than company-specific drivers.

Purpose Multi Correlation to Market

Poor diversification

Across the chosen horizon, PMM and DJI show a correlation of 0.61 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

This correlation view provides context for how Purpose Multi relates to similar exposures. Where wash sale rules apply, substantially identical replacements can be restricted; this view is informational context only.

Moving together with Purpose Etf

0.76	DRFG	Desjardins RI Global	Pair Corr
0.82	HAC	Global X Seasonal	Pair Corr
0.87	QDX	Mackenzie International	Pair Corr
0.76	QCE	Mackenzie Canadian Large	Pair Corr
0.78	QCN	Mackenzie Canadian Equity	Pair Corr
0.79	DXMO	Dynamic Active Mining	Pair Corr
0.69	CFRN	CIBC Active Investment	Pair Corr
0.79	VCN	Vanguard FTSE Canada	Pair Corr
0.77	HXT	Global X SAMPPTSX	Pair Corr
0.82	GIES	Guardian International	Pair Corr
0.85	FINT	First Trust International	Pair Corr
0.67	RING	Global X Equal	Pair Corr
0.67	XCV	iShares Canadian Value	Pair Corr
0.78	FCCV	Fidelity Canadian Value	Pair Corr
0.73	XRB	iShares Canadian Real	Pair Corr
0.8	CMAR	CI Marret Alternative	Pair Corr
0.66	RPF	RBC Canadian Preferred	Pair Corr
0.77	WXM	First Asset Morningstar	Pair Corr
0.79	EIT-UN	Canoe EIT Income	Pair Corr
0.68	GBUL	Ninepoint Gold Bullion	Pair Corr

Moving against Purpose Etf

0.57

QBTL

AGFiQ Market Neutral

Pair Corr

Related Correlations Analysis

	EQCL	HDGE	HIG	ZXM	UDA	FHQ	GCNS	TGGR	PXS
EQCL		0.47	0.81	0.77	0.59	0.08	0.57	0.7	0.79	EQCL
HDGE	0.47		0.65	0.61	0.49	-0.39	0.48	0.09	0.43	HDGE
HIG	0.81	0.65		0.8	0.54	-0.27	0.45	0.46	0.76	HIG
ZXM	0.77	0.61	0.8		0.79	-0.49	0.24	0.31	0.86	ZXM
UDA	0.59	0.49	0.54	0.79		-0.4	0.24	0.16	0.76	UDA
FHQ	0.08	-0.39	-0.27	-0.49	-0.4		0.38	0.49	-0.27	FHQ
GCNS	0.57	0.48	0.45	0.24	0.24	0.38		0.58	0.31	GCNS
TGGR	0.7	0.09	0.46	0.31	0.16	0.49	0.58		0.51	TGGR
PXS	0.79	0.43	0.76	0.86	0.76	-0.27	0.31	0.51		PXS
	EQCL	HDGE	HIG	ZXM	UDA	FHQ	GCNS	TGGR	PXS

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

PXS	+ 0.86	ZXM
HIG	+ 0.81	EQCL
ZXM	+ 0.8	HIG
PXS	+ 0.79	EQCL
UDA	+ 0.79	ZXM
ZXM	+ 0.77	EQCL

High negative correlations

FHQ	- 0.49	ZXM
FHQ	- 0.4	UDA
FHQ	- 0.39	HDGE
PXS	- 0.27	FHQ
FHQ	- 0.27	HIG

Purpose Multi Constituents Risk-Adjusted Indicators

There is a big difference between Purpose Etf performing well and Purpose Multi 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 Purpose Multi'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
EQCL	0.55	0.02	0.00	-0.02	0.00	0.00	1.06	-1.21	4.30
HDGE	0.63	-0.01	0.00	9.55	0.00	0.00	1.54	-1.85	5.45
HIG	0.66	0.01	0.04	-0.01	0.86	-0.70	1.25	-1.50	4.92
ZXM	0.71	0.11	0.12	0.14	0.85	-0.75	1.53	-1.47	5.15
UDA	0.84	0.05	0.09	0.84	0.97	-0.95	1.69	-1.92	5.26
FHQ	1.05	-0.09	0.00	-0.12	0.00	0.00	1.93	-2.71	7.39
GCNS	0.34	-0.03	0.00	-0.18	0.00	0.00	0.69	-0.75	2.08
TGGR	0.70	-0.06	0.00	1.93	0.00	0.00	1.47	-1.30	3.90
PXS	0.54	0.01	0.06	0.04	0.76	-0.51	1.21	-1.18	4.38

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Purpose Multi Strategy Market is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

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