Manager Directed Correlations

TOAK Etf

USD 27.13 0.01 0.04%

The current 90-days correlation between Manager Directed Por and EA Series Trust is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Manager Directed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manager Directed Portfolios moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Manager Directed Correlation With Market

Significant diversification

The correlation between Manager Directed Portfolios and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manager Directed Portfolios and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Manager Directed 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 nation.

Moving together with Manager Etf

0.78	ACIO	Aptus Collared Income	Pair Corr
0.78	ADME	Aptus Drawdown Managed	Pair Corr
0.61	PHDG	Invesco SP 500	Pair Corr
0.76	MSTB	ETF Series Solutions	Pair Corr
0.77	HEGD	Swan Hedged Equity	Pair Corr
0.81	VAMO	Cambria Value	Pair Corr
0.82	HEQT	Simplify Exchange Traded	Pair Corr
0.73	GTR	WisdomTree Target Range	Pair Corr
0.79	FNGU	MicroSectors FANG Index	Pair Corr
0.69	USD	ProShares Ultra Semi	Pair Corr
0.8	FNGO	MicroSectors FANG Index	Pair Corr
0.78	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.72	TECL	Direxion Daily Technology	Pair Corr
0.79	FNGS	MicroSectors FANG ETN	Pair Corr
0.73	ROM	ProShares Ultra Tech	Pair Corr
0.77	QLD	ProShares Ultra QQQ	Pair Corr
0.84	EOS	Eaton Vance Enhanced	Pair Corr
0.72	ETH	Grayscale Ethereum Mini	Pair Corr
0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.83	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.67	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.75	DIS	Walt Disney Sell-off Trend	Pair Corr
0.67	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Manager Etf

0.67	CCOR	Core Alternative ETF	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr
0.75	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.46	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.55	0.07	0.53	0.05	0.64	0.28	-0.53	0.73	META
MSFT	0.26		0.21	0.17	0.16	-0.01	0.03	-0.11	0.13	-0.2	MSFT
UBER	0.55	0.21		-0.06	-0.09	0.27	-0.03	-0.16	0.09	0.35	UBER
F	0.07	0.17	-0.06		0.28	-0.41	0.5	0.7	-0.37	0.32	F
T	0.53	0.16	-0.09	0.28		-0.5	0.81	0.64	-0.79	0.39	T
A	0.05	-0.01	0.27	-0.41	-0.5		-0.46	-0.6	0.63	0.0	A
CRM	0.64	0.03	-0.03	0.5	0.81	-0.46		0.86	-0.91	0.65	CRM
JPM	0.28	-0.11	-0.16	0.7	0.64	-0.6	0.86		-0.83	0.47	JPM
MRK	-0.53	0.13	0.09	-0.37	-0.79	0.63	-0.91	-0.83		-0.56	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.65	0.47	-0.56		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

JPM	+ 0.86	CRM
CRM	+ 0.81	T
XOM	+ 0.73	META
JPM	+ 0.7	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.79	T
JPM	- 0.6	A
XOM	- 0.56	MRK
MRK	- 0.53	META

Manager Directed Competition Risk-Adjusted Indicators

There is a big difference between Manager Etf performing well and Manager Directed 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 Manager Directed'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	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
UBER	1.61	(0.11)	(0.04)	0.02	2.32	(1.70)	2.69	(2.53)	20.10
F	1.42	(0.15)	(0.04)	0.03	2.23	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.31	0.23	0.18	0.34	1.08	(1.53)	3.18	(1.91)	9.98
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

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