Main International Correlations

INTL Etf

USD 25.72 0.01 0.04%

The current 90-days correlation between Main International ETF and ADTRAN Inc is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Main International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Main International ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Main International Correlation With Market

Poor diversification

The correlation between Main International ETF and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main International ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Main Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Main International 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 estimate.

Moving together with Main Etf

0.97	VEA	Vanguard FTSE Developed	Pair Corr
0.99	IEFA	iShares Core MSCI	Pair Corr
1.0	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE	Pair Corr
1.0	IXUS	iShares Core MSCI	Pair Corr
1.0	SPDW	SPDR SP World	Pair Corr
1.0	IDEV	iShares Core MSCI	Pair Corr
0.99	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.99	DFAX	Dimensional World	Pair Corr
0.64	PMBS	PIMCO Mortgage Backed	Pair Corr
0.98	ITDD	iShares Trust	Pair Corr
0.94	CAT	Caterpillar	Pair Corr
0.62	WMT	Walmart	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr
0.7	T	ATT Inc Earnings Call This Week	Pair Corr
0.63	INTC	Intel	Pair Corr
0.95	MSFT	Microsoft Aggressive Push	Pair Corr
0.91	IBM	International Business Earnings Call This Week	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.86	PFE	Pfizer Inc	Pair Corr

Moving against Main Etf

0.39	PG	Procter Gamble	Pair Corr
0.51	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ADTN	IBM	INTV	HLIT	VSAT
ADTN		0.75	0.81	0.56	0.83	ADTN
IBM	0.75		0.66	0.49	0.86	IBM
INTV	0.81	0.66		0.46	0.82	INTV
HLIT	0.56	0.49	0.46		0.47	HLIT
VSAT	0.83	0.86	0.82	0.47		VSAT
	ADTN	IBM	INTV	HLIT	VSAT

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Main International Constituents Risk-Adjusted Indicators

There is a big difference between Main Etf performing well and Main 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 Main 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
ADTN	2.03	(0.05)	0.01	0.09	2.48	(2.25)	4.04	(3.73)	12.57
IBM	1.16	0.21	0.10	0.43	1.35	(1.22)	2.46	(1.36)	9.16
INTV	6.46	1.97	0.20	(3.07)	4.65	(14.44)	28.57	(11.76)	52.03
HLIT	1.81	0.30	0.03	(0.24)	2.56	(1.91)	3.70	(4.28)	20.30
VSAT	3.03	1.17	0.29	(1.60)	2.54	(3.88)	10.53	(4.94)	23.77

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