ETF Opportunities Correlations
ACVF Etf | USD 43.98 0.20 0.45% |
The current 90-days correlation between ETF Opportunities Trust and iShares Core MSCI is 0.84 (i.e., Very poor diversification). The correlation of ETF Opportunities 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.
ETF Opportunities Correlation With Market
Almost no diversification
The correlation between ETF Opportunities Trust and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETF Opportunities Trust and DJI in the same portfolio, assuming nothing else is changed.
ETF |
Moving together with ETF Etf
1.0 | VTI | Vanguard Total Stock | PairCorr |
1.0 | SPY | SPDR SP 500 | PairCorr |
1.0 | IVV | iShares Core SP | PairCorr |
0.98 | VIG | Vanguard Dividend | PairCorr |
1.0 | VV | Vanguard Large Cap | PairCorr |
0.98 | RSP | Invesco SP 500 | PairCorr |
1.0 | IWB | iShares Russell 1000 | PairCorr |
1.0 | ESGU | iShares ESG Aware | PairCorr |
0.99 | DFAC | Dimensional Core Equity | PairCorr |
1.0 | SPLG | SPDR Portfolio SP | PairCorr |
0.88 | DSJA | DSJA | PairCorr |
0.84 | RSPY | Tuttle Capital Management | PairCorr |
0.8 | MEME | Roundhill Investments | PairCorr |
0.81 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.96 | CSCO | Cisco Systems | PairCorr |
0.69 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.84 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.89 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
0.82 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.84 | DIS | Walt Disney Fiscal Year End 13th of November 2024 | PairCorr |
0.72 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
0.79 | T | ATT Inc Aggressive Push | PairCorr |
0.96 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.88 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
0.9 | WMT | Walmart | PairCorr |
0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against ETF Etf
Related Correlations Analysis
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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
| High negative correlations
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ETF Opportunities Constituents Risk-Adjusted Indicators
There is a big difference between ETF Etf performing well and ETF Opportunities 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 ETF Opportunities' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
IEFA | 0.76 | (0.04) | (0.04) | 0.00 | 0.99 | 1.73 | 4.03 | |||
IEMG | 0.91 | 0.04 | 0.03 | 0.08 | 1.06 | 2.06 | 5.66 | |||
IJR | 0.95 | (0.08) | 0.00 | (0.01) | 0.00 | 2.24 | 5.86 | |||
VIASP | 0.85 | 0.11 | 0.06 | 0.94 | 1.13 | 2.28 | 7.43 | |||
RRTLX | 0.27 | 0.03 | (0.03) | (0.60) | 0.29 | 0.73 | 1.97 | |||
XTWO | 0.09 | 0.01 | (0.26) | (0.18) | 0.00 | 0.20 | 0.83 | |||
OREAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
KNF | 1.50 | 0.28 | 0.15 | 0.20 | 1.68 | 3.38 | 8.55 | |||
KLKNF | 0.33 | (0.06) | 0.00 | (0.19) | 0.00 | 0.00 | 13.39 | |||
AMPL | 4.45 | 0.45 | 0.08 | 1.09 | 5.16 | 11.71 | 35.68 |