Tema Electrification Correlations

VOLT Etf

USD 24.43 0.23 0.93%

The current 90-days correlation between Tema Electrification ETF and iShares Dividend and is -0.06 (i.e., Good diversification). The correlation of Tema Electrification 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.

Tema Electrification Correlation With Market

Good diversification

The correlation between Tema Electrification ETF and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tema Electrification ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tema Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tema Electrification 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 bureau of economic analysis.

Moving together with Tema Etf

0.78	JPST	JPMorgan Ultra Short	Pair Corr
0.92	NFLX	Netflix	Pair Corr
0.87	EMC	Global X Funds	Pair Corr
0.85	HYDW	Xtrackers Low Beta	Pair Corr
0.97	ONEQ	Fidelity Nasdaq Composite	Pair Corr
0.95	FMDE	Fidelity Covington Trust	Pair Corr
0.79	WANT	Direxion Daily Cnsmr Downward Rally	Pair Corr
0.87	FAD	First Trust Multi	Pair Corr
0.89	SPEU	SPDR Portfolio Europe	Pair Corr
0.87	LRNZ	TrueShares Technology	Pair Corr
0.87	EDEN	iShares MSCI Denmark	Pair Corr
0.88	BCLO	iShares BBB B	Pair Corr
0.64	ISGPF	iShares V Public	Pair Corr
0.75	QSIG	WisdomTree High Yield Symbol Change	Pair Corr
0.84	ROM	ProShares Ultra Tech	Pair Corr
0.97	TOK	iShares MSCI Kokusai	Pair Corr
0.9	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.77	SPSB	SPDR Barclays Short	Pair Corr
0.84	SHYL	Xtrackers Short Duration	Pair Corr
0.67	SPPP	Sprott Physical Platinum	Pair Corr
0.87	GQQQ	Astoria Quality Growth	Pair Corr
0.82	SFYX	SoFi Next 500	Pair Corr
0.97	OAEM	OneAscent Emerging	Pair Corr
0.86	STXG	EA Series Trust	Pair Corr
0.83	UPRO	ProShares UltraPro SP500	Pair Corr
0.9	AMZP	Kurv Yield Premium	Pair Corr
0.77	XTL	SPDR SP Telecom	Pair Corr
0.86	EMPB	Efficient Market Por	Pair Corr
0.78	FRHC	Freedom Holding Corp	Pair Corr
0.86	EWC	iShares MSCI Canada	Pair Corr
0.95	XAUG	FT Cboe Vest	Pair Corr
0.88	BBIN	JPMorgan BetaBuilders	Pair Corr
0.65	EQLS	Simplify Exchange Traded	Pair Corr
0.88	IWP	iShares Russell Mid	Pair Corr
0.83	BSJS	Invesco BulletShares 2028	Pair Corr

Moving against Tema Etf

0.82	FNGD	MicroSectors FANG Index	Pair Corr
0.81	HUM	Humana Inc	Pair Corr

Related Correlations Analysis

	DIVB	MCSE	GK	MJ	METV	DMAT	DMCY	DMXF	MILN
DIVB		0.9	0.85	0.5	0.88	0.9	0.86	0.84	0.91	DIVB
MCSE	0.9		0.91	0.54	0.91	0.86	0.96	0.95	0.93	MCSE
GK	0.85	0.91		0.29	0.99	0.73	0.96	0.97	0.98	GK
MJ	0.5	0.54	0.29		0.29	0.46	0.43	0.41	0.38	MJ
METV	0.88	0.91	0.99	0.29		0.76	0.95	0.95	0.98	METV
DMAT	0.9	0.86	0.73	0.46	0.76		0.8	0.77	0.77	DMAT
DMCY	0.86	0.96	0.96	0.43	0.95	0.8		0.99	0.96	DMCY
DMXF	0.84	0.95	0.97	0.41	0.95	0.77	0.99		0.95	DMXF
MILN	0.91	0.93	0.98	0.38	0.98	0.77	0.96	0.95		MILN
	DIVB	MCSE	GK	MJ	METV	DMAT	DMCY	DMXF	MILN

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Tema Electrification Constituents Risk-Adjusted Indicators

There is a big difference between Tema Etf performing well and Tema Electrification 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 Tema Electrification'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
DIVB	0.98	0.02	0.01	0.05	1.60	(1.03)	1.69	(1.88)	9.77
MCSE	1.10	(0.02)	(0.01)	0.01	1.53	(1.19)	2.14	(2.34)	12.91
GK	1.23	0.17	0.08	0.17	1.79	(1.20)	2.79	(2.65)	14.57
MJ	2.06	(0.17)	0.00	(0.14)	0.00	0.00	4.18	(4.96)	15.05
METV	1.61	0.22	0.11	0.19	2.01	(1.88)	3.34	(3.13)	16.08
DMAT	1.56	0.01	0.01	0.04	2.61	(1.41)	2.27	(3.30)	15.71
DMCY	0.88	0.06	0.03	0.11	1.37	(0.88)	1.97	(1.94)	9.30
DMXF	0.93	0.07	0.04	0.11	1.46	(0.98)	1.57	(1.99)	10.81
MILN	1.31	0.10	0.05	0.11	1.91	(1.40)	2.36	(2.81)	13.28

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