Global Mofy Correlations

GMM Etf

USD 0.99 0.11 12.50%

The current 90-days correlation between Global Mofy Metaverse and Digimarc is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Mofy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Mofy Metaverse moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Mofy Correlation With Market

Significant diversification

The correlation between Global Mofy Metaverse and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Mofy Metaverse and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Mofy Metaverse. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against Global Etf

0.54	CTM	Castellum	Pair Corr
0.38	KD	Kyndryl Holdings	Pair Corr
0.37	DTST	Data Storage Corp	Pair Corr
0.36	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.33	VNET	VNET Group DRC Buyout Trend	Pair Corr
0.32	WIT	Wipro Limited ADR	Pair Corr
0.57	APLD	Applied Blockchain Buyout Trend	Pair Corr
0.47	TRIRF	Triterras	Pair Corr
0.4	ARBB	ARB IOT Group	Pair Corr
0.38	NABL	N Able Inc	Pair Corr
0.35	DTSTW	Data Storage	Pair Corr
0.35	BTCM	BIT Mining	Pair Corr
0.31	NOTE	FiscalNote Holdings	Pair Corr

Related Correlations Analysis

	G	FI	IT	KD	DMRC	DTST	VNET	EPAM	EXLS	ACN
G		0.95	0.84	-0.64	-0.5	-0.91	0.41	0.39	0.88	0.84	G
FI	0.95		0.92	-0.62	-0.41	-0.92	0.54	0.49	0.92	0.9	FI
IT	0.84	0.92		-0.6	-0.33	-0.84	0.49	0.54	0.85	0.84	IT
KD	-0.64	-0.62	-0.6		0.76	0.83	-0.21	-0.05	-0.5	-0.43	KD
DMRC	-0.5	-0.41	-0.33	0.76		0.61	-0.14	0.28	-0.18	-0.16	DMRC
DTST	-0.91	-0.92	-0.84	0.83	0.61		-0.36	-0.4	-0.84	-0.8	DTST
VNET	0.41	0.54	0.49	-0.21	-0.14	-0.36		0.0	0.35	0.46	VNET
EPAM	0.39	0.49	0.54	-0.05	0.28	-0.4	0.0		0.68	0.72	EPAM
EXLS	0.88	0.92	0.85	-0.5	-0.18	-0.84	0.35	0.68		0.9	EXLS
ACN	0.84	0.9	0.84	-0.43	-0.16	-0.8	0.46	0.72	0.9		ACN
	G	FI	IT	KD	DMRC	DTST	VNET	EPAM	EXLS	ACN

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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

FI	+ 0.95	G
IT	+ 0.92	FI
EXLS	+ 0.92	FI
ACN	+ 0.9	FI
ACN	+ 0.9	EXLS
EXLS	+ 0.88	G

High negative correlations

DTST	- 0.92	FI
DTST	- 0.91	G
EXLS	- 0.84	DTST
DTST	- 0.84	IT
ACN	- 0.8	DTST
KD	- 0.64	G

Global Mofy Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global Mofy 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 Global Mofy'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
G	1.14	0.25	0.17	0.38	0.95	(1.27)	2.28	(2.03)	18.26
FI	0.86	0.17	0.12	0.33	0.86	(0.96)	2.03	(1.46)	5.70
IT	1.05	0.07	0.08	0.17	1.13	(1.23)	2.51	(2.06)	10.48
KD	1.47	(0.23)	0.00	(0.06)	0.00	0.00	2.57	(2.70)	15.62
DMRC	2.67	(0.04)	0.02	0.10	3.51	(3.14)	5.38	(4.50)	26.32
DTST	3.29	(0.83)	0.00	(0.65)	0.00	0.00	5.56	(5.96)	20.49
VNET	4.22	0.71	0.20	0.58	3.54	(5.51)	12.10	(6.57)	22.88
EPAM	1.64	0.14	0.05	0.29	2.12	(1.70)	4.12	(2.77)	14.96
EXLS	1.10	0.24	0.14	0.39	1.26	(1.30)	3.01	(1.51)	10.35
ACN	0.96	0.18	0.11	0.36	1.06	(1.13)	2.24	(1.50)	12.12

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