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

Moving together with AOT Etf

  0.95VGT Vanguard InformationPairCorr
  0.95XLK Technology Select SectorPairCorr
  0.96IYW iShares Technology ETFPairCorr
  0.88SMH VanEck Semiconductor ETFPairCorr
  0.88SOXX iShares Semiconductor ETFPairCorr
  0.64FTEC Fidelity MSCI InformationPairCorr
  0.98IGV iShares Expanded Tech Low VolatilityPairCorr
  0.95FDN First Trust DowPairCorr
  0.99IGM iShares Expanded TechPairCorr
  0.78USD ProShares Ultra SemiPairCorr
  0.88GBTC Grayscale Bitcoin TrustPairCorr
  0.99FNGO MicroSectors FANG IndexPairCorr
  0.9FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.62FCG First Trust NaturalPairCorr
  0.7GUSH Direxion Daily SPPairCorr
  0.83DUSL Direxion Daily IndusPairCorr
  0.79BAC Bank of America Aggressive PushPairCorr
  0.69HD Home DepotPairCorr
  0.75BA BoeingPairCorr
  0.85AXP American ExpressPairCorr
  0.7JPM JPMorgan Chase Sell-off TrendPairCorr

Moving against AOT Etf

  0.6TRV The Travelers CompaniesPairCorr
  0.48PG Procter GamblePairCorr
  0.39T ATT Inc Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
LRGEQTR
DWAWLRGE
DWAWQTR
DWAWQQMG
LRGEQQMG
QQMGQTR
  
High negative correlations   
DWAWCACG
LRGECACG
QQMGCACG
QTRCACG

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.