Which stocks are most correlated with MDAA?

Based on one year of daily returns, the stocks most correlated with Myriad Dynamic Asset Allocation ETF (MDAA) are BINT (0.95), CGNG (0.95) and FFGX (0.94). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with MDAA?

Over the past year, the stocks most inversely correlated with Myriad Dynamic Asset Allocation ETF (MDAA) are EDZ (-0.93), EEV (-0.93) and EUM (-0.93). A negative correlation means the two stocks have tended to move in opposite directions.

Myriad Dynamic Asset Allocation ETF (MDAA) — Stock Correlations & Overview

Over the past year, MDAA has moved most closely with BINT, CGNG, FFGX. Explore the stocks most correlated and inversely correlated with MDAA below, along with its price, financials, and company profile.

Stocks correlated with MDAA

Correlation of daily returns. Higher positive values move with MDAA; negative values move opposite it. Informational only, not investment advice.

Most correlated with MDAA

Symbol	Company	Correlation
BINT	Bluemonte Global Equity ETF	0.95
CGNG	Capital Group New Geography Equity ETF	0.95
FFGX	Fidelity Fundamental Global ex-U.S. ETF	0.94
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	0.94
DWAW	AdvisorShares Dorsey Wright FSM All Cap World ETF	0.94

Most inversely correlated with MDAA

Symbol	Company	Correlation
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.93
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.93
EUM	ProShares Trust Short MSCI Emerging Markets	-0.93
QID	ProShares UltraShort QQQ	-0.85
SQQQ	ProShares UltraPro Short QQQ	-0.85

Frequently asked questions about MDAA correlations

Which stocks are most correlated with MDAA?: Based on one year of daily returns, the stocks most correlated with Myriad Dynamic Asset Allocation ETF (MDAA) are BINT (0.95), CGNG (0.95) and FFGX (0.94). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with MDAA?: Over the past year, the stocks most inversely correlated with Myriad Dynamic Asset Allocation ETF (MDAA) are EDZ (-0.93), EEV (-0.93) and EUM (-0.93). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these MDAA correlations calculated?: We compute the correlation of daily returns between MDAA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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