Global X Correlations

ONOF Etf

USD 34.83 0.04 0.11%

The current 90-days correlation between Global X Adaptive and Global X Adaptive is -0.22 (i.e., Very good diversification). The correlation of Global X 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.

Global X Correlation With Market

Good diversification

The correlation between Global X Adaptive and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Adaptive and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

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

Moving together with Global Etf

0.94	TDSC	Cabana Target Drawdown	Pair Corr
0.96	YYY	Amplify High Income	Pair Corr
0.96	FVC	First Trust Dorsey	Pair Corr
0.92	TDSB	Cabana Target Drawdown	Pair Corr
0.93	GMOM	Cambria Global Momentum Low Volatility	Pair Corr
0.89	AGOX	Adaptive Alpha Oppor	Pair Corr
0.93	TACK	Fairlead Tactical Sector	Pair Corr
0.96	DALI	First Trust Dorsey	Pair Corr
0.97	UPRO	ProShares UltraPro SP500 Sell-off Trend	Pair Corr
0.95	QTJA	Innovator ETFs Trust	Pair Corr
0.96	QTOC	Innovator ETFs Trust	Pair Corr
0.95	XTOC	Innovator ETFs Trust	Pair Corr
0.94	QTAP	Innovator Growth 100	Pair Corr
0.95	XTJA	Innovator ETFs Trust	Pair Corr
0.96	XTAP	Innovator Equity Acc	Pair Corr
0.78	KGRN	KraneShares MSCI China	Pair Corr
0.75	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.95	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.86	MMM	3M Company	Pair Corr
0.92	AXP	American Express	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.86	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.94	IBM	International Business Earnings Call Today	Pair Corr
0.98	CAT	Caterpillar	Pair Corr

Moving against Global Etf

0.7	MCD	McDonalds	Pair Corr
0.52	KO	Coca Cola	Pair Corr
0.45	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AUSF	EMBD	PFFV	KRMA	QDIV
AUSF		0.91	0.78	0.99	0.92	AUSF
EMBD	0.91		0.71	0.91	0.87	EMBD
PFFV	0.78	0.71		0.76	0.74	PFFV
KRMA	0.99	0.91	0.76		0.92	KRMA
QDIV	0.92	0.87	0.74	0.92		QDIV
	AUSF	EMBD	PFFV	KRMA	QDIV

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Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 X'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
AUSF	0.59	0.03	(0.02)	0.21	0.56	(0.66)	1.37	(0.94)	4.07
EMBD	0.28	0.06	(0.32)	(1.70)	0.13	(0.31)	0.57	(0.45)	1.56
PFFV	0.25	0.01	(0.41)	0.20	0.18	(0.29)	0.75	(0.44)	1.77
KRMA	0.66	0.10	0.11	0.28	0.38	(0.78)	2.08	(0.90)	5.30
QDIV	0.66	0.12	(0.10)	(0.69)	0.59	(0.72)	1.55	(1.21)	4.18

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