Strategy Shares Correlations
| EUSM Etf | 23.50 0.12 0.51% |
The current 90-days correlation between Strategy Shares and Invesco Actively Managed is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Strategy Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Strategy Shares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Strategy Shares Correlation With Market
Poor diversification
The correlation between Strategy Shares and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy Shares and DJI in the same portfolio, assuming nothing else is changed.
Strategy |
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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Strategy Shares Constituents Risk-Adjusted Indicators
There is a big difference between Strategy Etf performing well and Strategy Shares 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 Strategy Shares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EFAA | 0.48 | 0.10 | 0.26 | 0.13 | 0.59 | 0.87 | 3.47 | |||
| EFFE | 0.89 | 0.10 | 0.14 | 0.17 | 1.25 | 3.36 | 6.51 | |||
| EFFI | 0.65 | 0.14 | 0.22 | 0.14 | 0.80 | 1.22 | 4.21 | |||
| EGUS | 1.06 | (0.07) | 0.00 | (0.20) | 0.00 | 1.67 | 6.84 | |||
| EMCS | 0.96 | 0.15 | 0.16 | 0.18 | 1.25 | 1.90 | 6.51 | |||
| EQLT | 0.74 | 0.07 | 0.14 | 0.05 | 1.00 | 1.55 | 5.98 | |||
| EUSM | 0.77 | 0.02 | 0.00 | (0.10) | 0.00 | 1.48 | 3.85 | |||
| EVLU | 0.73 | 0.11 | 0.18 | 0.15 | 0.95 | 1.41 | 5.90 | |||
| EVUS | 0.61 | (0.02) | 0.00 | (0.15) | 0.00 | 1.09 | 3.05 |