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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ETF Opportunities Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with ETF Etf

  1.0VTI Vanguard Total StockPairCorr
  1.0SPY SPDR SP 500PairCorr
  1.0IVV iShares Core SPPairCorr
  0.98VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  0.98RSP Invesco SP 500PairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  0.99DFAC Dimensional Core EquityPairCorr
  1.0SPLG SPDR Portfolio SPPairCorr
  0.88DSJA DSJAPairCorr
  0.84RSPY Tuttle Capital ManagementPairCorr
  0.8MEME Roundhill InvestmentsPairCorr
  0.81DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.69JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.84GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.89MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.82BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.84DIS Walt Disney Fiscal Year End 13th of November 2024 PairCorr
  0.72MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.79T ATT Inc Aggressive PushPairCorr
  0.96AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.88IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.9WMT WalmartPairCorr
  0.89AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against ETF Etf

  0.64AMPD Tidal Trust IIPairCorr
  0.59BA Boeing Fiscal Year End 29th of January 2025 PairCorr

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   
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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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