FT Cboe Correlations

KNG Etf

USD 50.59 0.11 0.22%

The current 90-days correlation between FT Cboe Vest and Global X SP is 0.39 (i.e., Weak diversification). The correlation of FT Cboe 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.

FT Cboe Correlation With Market

Significant diversification

The correlation between FT Cboe Vest and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FT Cboe Vest and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in FT Cboe Vest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with KNG Etf

0.7	JEPI	JPMorgan Equity Premium	Pair Corr
0.62	DIVO	Amplify CWP Enhanced	Pair Corr
0.83	SIXH	ETC 6 Meridian	Pair Corr
0.64	IDME	International Drawdown	Pair Corr
0.64	T	ATT Inc Earnings Call This Week	Pair Corr
0.61	MMM	3M Company	Pair Corr

Moving against KNG Etf

0.43	MRK	Merck Company	Pair Corr
0.32	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	XYLG	QYLG	FTHI	DIVO	REGL
XYLG		0.98	0.99	0.75	0.68	XYLG
QYLG	0.98		0.99	0.64	0.56	QYLG
FTHI	0.99	0.99		0.69	0.64	FTHI
DIVO	0.75	0.64	0.69		0.86	DIVO
REGL	0.68	0.56	0.64	0.86		REGL
	XYLG	QYLG	FTHI	DIVO	REGL

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FT Cboe Constituents Risk-Adjusted Indicators

There is a big difference between KNG Etf performing well and FT Cboe 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 FT Cboe'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
XYLG	0.68	(0.07)	0.00	0.48	0.00	0.00	1.16	(1.60)	4.42
QYLG	0.89	(0.13)	0.00	0.50	0.00	0.00	1.30	(2.16)	5.86
FTHI	0.65	(0.08)	0.00	0.37	0.00	0.00	1.14	(1.47)	4.03
DIVO	0.54	0.01	0.11	(0.24)	0.72	(0.55)	1.22	(1.21)	3.03
REGL	0.76	0.00	0.08	0.13	0.89	(0.77)	1.43	(1.16)	3.73

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