Optica Rare Correlations
| CRITDelisted Etf | USD 16.08 0.08 0.50% |
The current 90-days correlation between Optica Rare Earths and Global X Disruptive is 0.74 (i.e., Poor diversification). The correlation of Optica Rare 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Optica Rare Correlation With Market
Very good diversification
The correlation between Optica Rare Earths and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optica Rare Earths and DJI in the same portfolio, assuming nothing else is changed.
Optica |
Moving together with Optica Etf
Moving against Optica Etf
| 0.31 | GHMS | Goose Hollow Multi | PairCorr |
| 0.49 | VZ | Verizon Communications | PairCorr |
| 0.49 | TRV | The Travelers Companies | PairCorr |
| 0.48 | TAIL | Cambria Tail Risk | PairCorr |
| 0.4 | MCD | McDonalds | PairCorr |
| 0.38 | JNJ | Johnson Johnson | PairCorr |
| 0.38 | KO | Coca Cola | PairCorr |
| 0.36 | PFE | Pfizer Inc | PairCorr |
Related Correlations Analysis
| 0.64 | 0.83 | 0.91 | -0.18 | DMAT | ||
| 0.64 | 0.39 | 0.5 | 0.32 | GMET | ||
| 0.83 | 0.39 | 0.88 | -0.49 | EVMT | ||
| 0.91 | 0.5 | 0.88 | -0.26 | BCIM | ||
| -0.18 | 0.32 | -0.49 | -0.26 | CCRV | ||
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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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Optica Rare Constituents Risk-Adjusted Indicators
There is a big difference between Optica Etf performing well and Optica Rare 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 Optica Rare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DMAT | 1.05 | 0.14 | 0.16 | 7.09 | 1.08 | 1.90 | 6.29 | |||
| GMET | 1.21 | 0.02 | 0.00 | (0.04) | 0.00 | 2.09 | 9.86 | |||
| EVMT | 0.69 | 0.13 | 0.29 | (1.26) | 0.54 | 1.73 | 4.11 | |||
| BCIM | 0.69 | 0.15 | 0.26 | 17.42 | 0.63 | 1.49 | 3.86 | |||
| CCRV | 0.46 | 0.00 | 0.10 | (0.04) | 0.61 | 0.98 | 3.03 |
Still Interested in Optica Rare Earths?
Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.