ETFS Commodity Correlations

Delisted . USA . 
Etf . ETFS Commodity Securities
ECSTFDelisted Etf  USD 41.85  0.00  0.00%   
The correlation of ETFS Commodity 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.

ETFS Commodity Correlation With Market

Good diversification

The correlation between ETFS Commodity Securities and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETFS Commodity Securities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against ETFS OTC Etf

  0.62VTV Vanguard Value IndexPairCorr
  0.55VO Vanguard Mid CapPairCorr
  0.53VB Vanguard Small CapPairCorr
  0.51ITDD iShares TrustPairCorr
  0.46VTI Vanguard Total StockPairCorr
  0.44SPY SPDR SP 500PairCorr
  0.44IVV iShares Core SPPairCorr
  0.39MEME Roundhill InvestmentsPairCorr
  0.36VUG Vanguard Growth IndexPairCorr
  0.35DSJA DSJAPairCorr
  0.33RSPY Tuttle Capital ManagementPairCorr
  0.6PG Procter GamblePairCorr
  0.57HD Home DepotPairCorr
  0.52DIS Walt DisneyPairCorr
  0.52WMT Walmart Aggressive PushPairCorr
  0.51AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.5AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.47BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.47TRV The Travelers Companies Sell-off TrendPairCorr
  0.43JPM JPMorgan Chase Sell-off TrendPairCorr
  0.42CSCO Cisco SystemsPairCorr

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   
JPM
+ 0.91
CRM
CRM
+ 0.88
T
JPM
+ 0.85
T
CRM
+ 0.65
META
MRK
+ 0.58
A
XOM
+ 0.51
UBER
  
High negative correlations   
MRK
- 0.87
JPM
MRK
- 0.83
CRM
XOM
- 0.76
MSFT
MRK
- 0.72
T
T
- 0.72
UBER
CRM
- 0.65
UBER

ETFS Commodity Competition Risk-Adjusted Indicators

There is a big difference between ETFS OTC Etf performing well and ETFS Commodity OTC 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 ETFS Commodity'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.15  0.23  0.13  0.57  1.26 
(1.31)
 3.22 
(1.87)
 8.02 
MSFT  0.84  0.03  0.00  0.13  1.45 
(0.79)
 1.83 
(1.57)
 8.14 
UBER  1.75 (0.34) 0.00 (0.22) 0.00 
 0.00 
 2.67 
(5.35)
 20.41 
F  1.41 (0.18) 0.00 (0.05) 0.00 
 0.00 
 2.53 
(2.90)
 11.21 
T  1.02  0.09  0.02  1.05  1.18 
(1.10)
 2.36 
(1.99)
 6.74 
A  1.22 (0.02)(0.04) 0.03  1.47 
(1.32)
 2.71 
(2.41)
 9.02 
CRM  1.48  0.43  0.30  0.38  1.05 
(1.72)
 3.59 
(1.93)
 13.87 
JPM  1.00  0.12  0.16  0.14  0.90 
(1.19)
 1.73 
(1.42)
 15.87 
MRK  0.96 (0.22) 0.00 (0.95) 0.00 
 0.00 
 2.00 
(2.17)
 5.18 
XOM  0.92 (0.05) 0.00 (0.09) 0.00 
 0.00 
 1.83 
(2.14)
 6.06 

ETFS Commodity Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ETFS Commodity otc etf to make a market-neutral strategy. Peer analysis of ETFS Commodity could also be used in its relative valuation, which is a method of valuing ETFS Commodity by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in ETFS Commodity Securities?

Investing in delisted otcs can be risky, as the otc 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.
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