Pinnacle Focused Correlations

FCUS Etf

23.10 0.68 2.86%

The current 90-days correlation between Pinnacle Focused Opp and Draco Evolution AI is 0.61 (i.e., Poor diversification). The correlation of Pinnacle Focused 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.

Pinnacle Focused Correlation With Market

Poor diversification

The correlation between Pinnacle Focused Opportunities 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 Pinnacle Focused Opportunities and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Pinnacle Focused Opportunities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Pinnacle Etf

0.96	VOT	Vanguard Mid Cap	Pair Corr
0.99	IWP	iShares Russell Mid	Pair Corr
0.99	ARKK	ARK Innovation ETF	Pair Corr
0.95	IJK	iShares SP Mid	Pair Corr
0.94	JKH	iShares Morningstar Mid	Pair Corr
0.94	KOMP	SPDR Kensho New	Pair Corr
0.93	MDYG	SPDR SP 400	Pair Corr
0.98	IMCG	iShares Morningstar Mid	Pair Corr
0.94	FPX	First Trust Equity	Pair Corr
0.95	IVOG	Vanguard SP Mid	Pair Corr
0.85	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.89	BAC	Bank of America	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.92	AXP	American Express	Pair Corr
0.76	WMT	Walmart	Pair Corr
0.88	HD	Home Depot	Pair Corr

Moving against Pinnacle Etf

0.68	PMBS	PIMCO Mortgage Backed	Pair Corr
0.61	FXY	Invesco CurrencyShares	Pair Corr
0.6	KO	Coca Cola Aggressive Push	Pair Corr
0.48	AMPD	Tidal Trust II	Pair Corr
0.43	GDXU	MicroSectors Gold Miners	Pair Corr
0.77	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.74	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr
0.55	T	ATT Inc Sell-off Trend	Pair Corr
0.54	MCD	McDonalds	Pair Corr
0.4	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.36	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	DRAI	FARX	FCUS	XFLX	GDE	QIS	TUG	INCM	RSBA
DRAI		0.06	0.92	0.7	0.38	0.7	0.92	-0.07	-0.61	DRAI
FARX	0.06		-0.01	0.13	0.25	0.03	-0.01	0.23	0.1	FARX
FCUS	0.92	-0.01		0.65	0.21	0.78	0.97	-0.25	-0.73	FCUS
XFLX	0.7	0.13	0.65		0.69	0.58	0.66	0.51	-0.06	XFLX
GDE	0.38	0.25	0.21	0.69		0.2	0.17	0.81	0.36	GDE
QIS	0.7	0.03	0.78	0.58	0.2		0.77	-0.11	-0.57	QIS
TUG	0.92	-0.01	0.97	0.66	0.17	0.77		-0.24	-0.73	TUG
INCM	-0.07	0.23	-0.25	0.51	0.81	-0.11	-0.24		0.74	INCM
RSBA	-0.61	0.1	-0.73	-0.06	0.36	-0.57	-0.73	0.74		RSBA
	DRAI	FARX	FCUS	XFLX	GDE	QIS	TUG	INCM	RSBA

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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

TUG	+ 0.97	FCUS
FCUS	+ 0.92	DRAI
TUG	+ 0.92	DRAI
INCM	+ 0.81	GDE
QIS	+ 0.78	FCUS
TUG	+ 0.77	QIS

High negative correlations

RSBA	- 0.73	TUG
RSBA	- 0.73	FCUS
RSBA	- 0.61	DRAI
RSBA	- 0.57	QIS
INCM	- 0.25	FCUS
INCM	- 0.24	TUG

Pinnacle Focused Constituents Risk-Adjusted Indicators

There is a big difference between Pinnacle Etf performing well and Pinnacle Focused 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 Pinnacle Focused'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
DRAI	0.61	(0.01)	0.00	(0.08)	0.00	0.00	1.33	(1.11)	4.84
FARX	0.25	0.02	0.19	2.59	0.31	(0.25)	0.47	(0.55)	1.57
FCUS	2.41	(0.23)	0.00	(0.16)	0.00	0.00	4.18	(5.14)	13.70
XFLX	0.24	0.00	0.00	(0.05)	0.00	0.00	0.63	(0.59)	1.67
GDE	0.94	0.17	0.13	0.15	1.23	(0.92)	1.95	(2.12)	5.72
QIS	0.89	(0.08)	0.00	0.18	0.00	0.00	2.83	(2.59)	9.69
TUG	1.09	(0.08)	0.00	(0.12)	0.00	0.00	1.80	(2.54)	6.25
INCM	0.30	0.05	0.23	0.10	0.26	(0.32)	0.68	(0.63)	1.67
RSBA	0.24	0.02	0.29	(0.91)	0.17	(0.29)	0.50	(0.44)	1.20

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