Rayliant Quantamental Correlations

RAYEDelisted Etf

USD 31.95 0.25 0.78%

The current 90-days correlation between Rayliant Quantamental and First Trust Germany is 0.06 (i.e., Significant diversification). The correlation of Rayliant Quantamental 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.

Rayliant Quantamental Correlation With Market

Very weak diversification

The correlation between Rayliant Quantamental Emerging and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rayliant Quantamental Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Rayliant Etf

0.71	VWO	Vanguard FTSE Emerging	Pair Corr
0.75	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.72	EMC	Global X Funds	Pair Corr
0.74	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.71	SPEM	SPDR Portfolio Emerging	Pair Corr
0.77	FNDE	Schwab Fundamental	Pair Corr
0.74	ESGE	iShares ESG Aware	Pair Corr
0.74	SFGRX	Seafarer Overseas	Pair Corr
0.81	DGS	WisdomTree Emerging	Pair Corr
0.73	XSOE	WisdomTree Emerging	Pair Corr
0.65	LUX	Tema Global	Pair Corr
0.63	SWP	SWP Growth Income	Pair Corr
0.75	FNGD	MicroSectors FANG Index	Pair Corr
0.74	DXJ	WisdomTree Japan Hedged	Pair Corr
0.76	SPDV	AAM SP 500	Pair Corr
0.74	UEVM	VictoryShares Emerging	Pair Corr
0.69	FTCS	First Trust Capital	Pair Corr
0.69	JEPI	JPMorgan Equity Premium	Pair Corr
0.65	DFE	WisdomTree Europe	Pair Corr
0.83	ERET	iShares Environmentally	Pair Corr
0.7	ESGD	iShares ESG Aware	Pair Corr
0.61	KNGZ	First Trust Exchange	Pair Corr
0.74	CCNR	CoreCommodity Natural	Pair Corr
0.78	GCAL	Goldman Sachs ETF	Pair Corr
0.62	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.73	IGEB	iShares Edge Investment	Pair Corr
0.78	DVYE	iShares Emerging Markets	Pair Corr

Moving against Rayliant Etf

0.86	HUM	Humana Inc	Pair Corr
0.4	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.19	-0.24	0.32	0.11	-0.36	-0.02	0.33	0.25	0.29	META
MSFT	-0.19		0.83	-0.6	-0.83	0.78	0.9	0.22	-0.89	-0.94	MSFT
UBER	-0.24	0.83		-0.54	-0.72	0.84	0.71	0.07	-0.8	-0.82	UBER
F	0.32	-0.6	-0.54		0.29	-0.52	-0.39	0.15	0.75	0.66	F
T	0.11	-0.83	-0.72	0.29		-0.6	-0.83	-0.23	0.67	0.72	T
A	-0.36	0.78	0.84	-0.52	-0.6		0.63	0.09	-0.72	-0.83	A
CRM	-0.02	0.9	0.71	-0.39	-0.83	0.63		0.49	-0.75	-0.87	CRM
JPM	0.33	0.22	0.07	0.15	-0.23	0.09	0.49		0.04	-0.2	JPM
MRK	0.25	-0.89	-0.8	0.75	0.67	-0.72	-0.75	0.04		0.9	MRK
XOM	0.29	-0.94	-0.82	0.66	0.72	-0.83	-0.87	-0.2	0.9		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

CRM	+ 0.9	MSFT
XOM	+ 0.9	MRK
A	+ 0.84	UBER
UBER	+ 0.83	MSFT
A	+ 0.78	MSFT
MRK	+ 0.75	F

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.89	MSFT
XOM	- 0.87	CRM
XOM	- 0.83	A
CRM	- 0.83	T
T	- 0.83	MSFT

Rayliant Quantamental Competition Risk-Adjusted Indicators

There is a big difference between Rayliant Etf performing well and Rayliant Quantamental 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 Rayliant Quantamental'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	1.51	0.04	0.02	0.14	1.52	(1.74)	3.43	(2.81)	13.69
MSFT	1.31	(0.38)	0.00	(0.81)	0.00	0.00	1.90	(2.87)	13.28
UBER	1.61	(0.41)	0.00	(0.51)	0.00	0.00	2.46	(4.25)	11.09
F	1.28	0.06	0.05	0.15	1.17	(1.56)	3.61	(2.30)	7.50
T	1.03	0.18	0.07	(1.54)	0.92	(1.20)	3.87	(1.76)	7.44
A	1.26	(0.32)	0.00	(0.19)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.74	(0.43)	0.00	(0.29)	0.00	0.00	3.22	(4.75)	12.37
JPM	1.24	(0.15)	(0.05)	0.00	1.80	(1.29)	2.34	(3.11)	8.17
MRK	1.23	0.33	0.22	0.56	0.99	(1.40)	2.81	(1.98)	8.74
XOM	1.31	0.35	0.18	3.10	1.14	(1.50)	2.90	(2.44)	6.83

Delisting Warning - RAYE

Rayliant Quantamental was delisted

The entity Rayliant Quantamental Emerging with a symbol RAYE was delisted from NYSE ARCA Exchange. Please try The Advisors Inner with a symbol RWEM from now on. Check all delisted instruments accross multiple markets.

Still Interested in Rayliant Quantamental Emerging?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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