Kurv Technology Correlations

KQQQ Etf

24.68 0.00 0.00%

The current 90-days correlation between Kurv Technology Titans and First Trust Technology is 0.09 (i.e., Significant diversification). The correlation of Kurv Technology 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.

Kurv Technology Correlation With Market

Good diversification

The correlation between Kurv Technology Titans and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kurv Technology Titans 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 Kurv Technology Titans. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Kurv Etf

0.78	VGT	Vanguard Information	Pair Corr
0.77	XLK	Technology Select Sector	Pair Corr
0.79	IYW	iShares Technology ETF	Pair Corr
0.7	SMH	VanEck Semiconductor ETF	Pair Corr
0.72	SOXX	iShares Semiconductor ETF	Pair Corr
0.78	FTEC	Fidelity MSCI Information	Pair Corr
0.75	IGV	iShares Expanded Tech Low Volatility	Pair Corr
0.8	FDN	First Trust Dow	Pair Corr
0.77	IGM	iShares Expanded Tech	Pair Corr
0.75	VTI	Vanguard Total Stock	Pair Corr
0.69	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.78	VBK	Vanguard Small Cap	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.87	AXP	American Express	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.65	BA	Boeing	Pair Corr
0.9	HPQ	HP Inc	Pair Corr

Moving against Kurv Etf

0.76	FNGD	MicroSectors FANG Index Downward Rally	Pair Corr
0.67	JPST	JPMorgan Ultra Short Sell-off Trend	Pair Corr
0.54	GDXU	MicroSectors Gold Miners	Pair Corr
0.46	EEM	iShares MSCI Emerging	Pair Corr
0.83	TRV	The Travelers Companies	Pair Corr
0.76	VZ	Verizon Communications	Pair Corr
0.67	T	ATT Inc Sell-off Trend	Pair Corr
0.62	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.6	XOM	Exxon Mobil Corp Earnings Call Next Week	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.56	CVX	Chevron Corp	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.38	PG	Procter Gamble	Pair Corr
0.36	INTC	Intel Sell-off Trend	Pair Corr

Related Correlations Analysis

	FXL	FTEC	FTXL	IGV	IXN	IYW	XNTK	PSI	PTF
FXL		0.93	0.87	0.98	0.91	0.95	0.85	0.88	0.91	FXL
FTEC	0.93		0.94	0.92	0.99	1.0	0.78	0.93	0.94	FTEC
FTXL	0.87	0.94		0.81	0.93	0.93	0.72	0.98	0.87	FTXL
IGV	0.98	0.92	0.81		0.91	0.94	0.88	0.81	0.91	IGV
IXN	0.91	0.99	0.93	0.91		0.99	0.81	0.9	0.9	IXN
IYW	0.95	1.0	0.93	0.94	0.99		0.82	0.92	0.93	IYW
XNTK	0.85	0.78	0.72	0.88	0.81	0.82		0.66	0.7	XNTK
PSI	0.88	0.93	0.98	0.81	0.9	0.92	0.66		0.88	PSI
PTF	0.91	0.94	0.87	0.91	0.9	0.93	0.7	0.88		PTF
	FXL	FTEC	FTXL	IGV	IXN	IYW	XNTK	PSI	PTF

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Kurv Technology Constituents Risk-Adjusted Indicators

There is a big difference between Kurv Etf performing well and Kurv Technology 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 Kurv Technology'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FXL	1.25	(0.14)	0.81	1.99	(2.65)	6.17
FTEC	1.32	(0.19)	1.15	2.05	(3.21)	7.48
FTXL	1.66	(0.14)	0.77	2.95	(3.94)	11.25
IGV	1.34	(0.15)	0.71	2.12	(3.32)	7.87
IXN	1.30	(0.16)	1.12	1.90	(3.09)	7.66
IYW	1.31	(0.17)	0.90	2.15	(3.14)	7.46
XNTK	1.43	(0.03)	0.11	2.41	(3.52)	7.89
PSI	1.95	(0.19)	0.83	3.25	(4.48)	13.59
PTF	2.22	(0.24)	1.78	3.80	(4.54)	12.86

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