AOT Growth Correlations
AOTG Etf | USD 41.13 0.03 0.07% |
The correlation of AOT Growth 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.
AOT Growth Correlation With Market
Good diversification
The correlation between AOT Growth and and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AOT Growth and and DJI in the same portfolio, assuming nothing else is changed.
AOT |
Moving together with AOT Etf
0.95 | VGT | Vanguard Information | PairCorr |
0.95 | XLK | Technology Select Sector | PairCorr |
0.96 | IYW | iShares Technology ETF | PairCorr |
0.88 | SMH | VanEck Semiconductor ETF | PairCorr |
0.88 | SOXX | iShares Semiconductor ETF | PairCorr |
0.64 | FTEC | Fidelity MSCI Information | PairCorr |
0.98 | IGV | iShares Expanded Tech Low Volatility | PairCorr |
0.95 | FDN | First Trust Dow | PairCorr |
0.99 | IGM | iShares Expanded Tech | PairCorr |
0.78 | USD | ProShares Ultra Semi | PairCorr |
0.88 | GBTC | Grayscale Bitcoin Trust | PairCorr |
0.99 | FNGO | MicroSectors FANG Index | PairCorr |
0.9 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
0.62 | FCG | First Trust Natural | PairCorr |
0.7 | GUSH | Direxion Daily SP | PairCorr |
0.83 | DUSL | Direxion Daily Indus | PairCorr |
0.79 | BAC | Bank of America Aggressive Push | PairCorr |
0.69 | HD | Home Depot | PairCorr |
0.75 | BA | Boeing | PairCorr |
0.85 | AXP | American Express | PairCorr |
0.7 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against AOT Etf
0.6 | TRV | The Travelers Companies | PairCorr |
0.48 | PG | Procter Gamble | PairCorr |
0.39 | T | ATT Inc Earnings Call This Week | 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
| High negative correlations
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AOT Growth Constituents Risk-Adjusted Indicators
There is a big difference between AOT Etf performing well and AOT Growth 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 AOT Growth'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CACG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
QTR | 0.82 | (0.16) | 0.00 | (3.19) | 0.00 | 1.40 | 4.36 | |||
QQMG | 1.14 | (0.06) | 0.00 | (0.14) | 0.00 | 1.84 | 6.11 | |||
LRGE | 0.90 | (0.14) | 0.00 | 2.11 | 0.00 | 1.47 | 5.23 | |||
DWAW | 1.00 | (0.06) | 0.00 | (0.13) | 0.00 | 1.62 | 4.98 |