GATEWAY INTERNATIONAL Correlations

GAICX Etf

USD 9.96 0.00 0.00%

The current 90-days correlation between GATEWAY INTERNATIONAL and YieldMax XYZ Option is -0.01 (i.e., Good diversification). The correlation of GATEWAY INTERNATIONAL 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. If the correlation is 0, the equities are not correlated; they are entirely random.

GATEWAY INTERNATIONAL Correlation With Market

Significant diversification

The correlation between GATEWAY INTERNATIONAL FUND and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GATEWAY INTERNATIONAL FUND and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GATEWAY Etf

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

Moving together with GATEWAY Etf

0.89	VWO	Vanguard FTSE Emerging	Pair Corr
0.91	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.88	EMC	Global X Funds	Pair Corr
0.91	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.85	SPEM	SPDR Portfolio Emerging	Pair Corr
0.89	FNDE	Schwab Fundamental	Pair Corr
0.92	ESGE	iShares ESG Aware	Pair Corr
0.89	SFGRX	Seafarer Overseas	Pair Corr
0.92	DGS	WisdomTree Emerging	Pair Corr
0.9	XSOE	WisdomTree Emerging	Pair Corr
0.96	AXSIX	Axonic Strategic Income	Pair Corr
0.97	AXSAX	Axonic Strategic Income	Pair Corr
0.85	CFMDX	Clarkston Founders	Pair Corr
0.9	ALPBX	ALPSSmith Balanced	Pair Corr
0.99	AAIAX	AMERICAN BEACON INTE	Pair Corr
0.85	VVISX	Vulcan Value Partners Potential Growth	Pair Corr
0.67	TIPSX	DEUTSCHE GLOBAL INFLATION	Pair Corr
0.9	HCMAX	THE HILLMAN FUND	Pair Corr
0.9	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.9	JEMA	JPMorgan Emerging Markets Low Volatility	Pair Corr
0.86	XMVM	Invesco SP MidCap	Pair Corr
0.94	MYCG	SPDR SSGA My2027	Pair Corr
0.9	RHRX	Starboard Investment	Pair Corr
0.92	SCHD	Schwab Dividend Equity	Pair Corr
0.87	ZTRE	Fm 3 Year	Pair Corr
0.93	IZRL	ARK Israel Innovative	Pair Corr
0.93	VYM	Vanguard High Dividend	Pair Corr
0.63	WIW	Western Asset Claymore	Pair Corr
0.87	LGCF	Themes Cash Flow Symbol Change	Pair Corr
0.91	SSO	ProShares Ultra SP500	Pair Corr
0.92	VAW	Vanguard Materials Index	Pair Corr
0.88	HYLB	Xtrackers USD High	Pair Corr
0.88	FMAG	Fidelity Covington Trust Low Volatility	Pair Corr
0.91	MGNR	American Beacon Select	Pair Corr
0.9	VV	Vanguard Large Cap	Pair Corr
0.82	NFLX	Netflix	Pair Corr
0.91	XT	iShares Exponential	Pair Corr
0.87	XOUT	GraniteShares XOUT Large	Pair Corr
0.83	APED	STKd 100 percent	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.85	0.82	0.59	0.94	0.31	0.95	0.23	0.57	META
MSFT	0.98		0.87	0.85	0.56	0.9	0.33	0.96	0.24	0.57	MSFT
UBER	0.85	0.87		0.9	0.46	0.82	0.57	0.89	0.21	0.52	UBER
F	0.82	0.85	0.9		0.45	0.85	0.31	0.91	0.42	0.73	F
T	0.59	0.56	0.46	0.45		0.59	0.19	0.55	0.28	0.25	T
A	0.94	0.9	0.82	0.85	0.59		0.27	0.91	0.37	0.68	A
CRM	0.31	0.33	0.57	0.31	0.19	0.27		0.27	-0.25	-0.08	CRM
JPM	0.95	0.96	0.89	0.91	0.55	0.91	0.27		0.32	0.66	JPM
MRK	0.23	0.24	0.21	0.42	0.28	0.37	-0.25	0.32		0.54	MRK
XOM	0.57	0.57	0.52	0.73	0.25	0.68	-0.08	0.66	0.54		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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.95	META
A	+ 0.94	META
JPM	+ 0.91	F
JPM	+ 0.91	A

High negative correlations

MRK	- 0.25	CRM
XOM	- 0.08	CRM

GATEWAY INTERNATIONAL Constituents Risk-Adjusted Indicators

There is a big difference between GATEWAY Etf performing well and GATEWAY INTERNATIONAL 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 GATEWAY INTERNATIONAL'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	1.54	0.20	0.17	0.30	1.17	(1.86)	3.99	(2.35)	10.48
MSFT	0.89	0.29	0.25	0.48	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.65	0.20	0.13	0.34	1.42	(2.11)	4.19	(2.54)	10.87
F	1.37	0.18	0.09	0.38	1.48	(1.53)	2.90	(2.61)	7.88
T	1.04	(0.03)	(0.09)	0.06	1.36	(1.07)	2.35	(2.35)	5.71
A	1.46	(0.02)	0.03	0.13	1.76	(1.54)	2.54	(2.89)	14.01
CRM	1.32	(0.17)	(0.06)	0.03	1.72	(1.29)	2.95	(3.19)	9.31
JPM	0.91	0.19	0.15	0.36	0.69	(1.03)	2.25	(1.36)	6.03
MRK	1.36	(0.07)	(0.04)	0.07	1.86	(1.32)	2.88	(3.31)	10.58
XOM	1.08	0.11	(0.01)	0.83	1.19	(1.12)	2.40	(2.51)	5.84

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