Alexis Practical Correlations

LEXI Etf

USD 29.80 0.31 1.03%

The correlation of Alexis Practical 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.

Alexis Practical Correlation With Market

Weak diversification

The correlation between Alexis Practical Tactical and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alexis Practical Tactical 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 Alexis Practical Tactical. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Alexis Etf

0.65	TDSC	Cabana Target Drawdown	Pair Corr
0.74	FVC	First Trust Dorsey	Pair Corr
0.81	AGOX	Adaptive Alpha Oppor	Pair Corr
0.73	TACK	Fairlead Tactical Sector	Pair Corr
0.85	DALI	First Trust Dorsey	Pair Corr
0.74	RXI	iShares Global Consumer	Pair Corr

Moving against Alexis Etf

0.39	MRK	Merck Company Aggressive Push	Pair Corr
0.34	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	ROIX	PCHM	LANZ	IGNE	MAXI
ROIX		0.0	0.0	0.0	0.0	ROIX
PCHM	0.0		-0.11	0.0	-0.42	PCHM
LANZ	0.0	-0.11		0.0	-0.46	LANZ
IGNE	0.0	0.0	0.0		0.0	IGNE
MAXI	0.0	-0.42	-0.46	0.0		MAXI
	ROIX	PCHM	LANZ	IGNE	MAXI

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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

PCHM	+ 0.0	ROIX
LANZ	+ 0.0	ROIX
IGNE	+ 0.0	ROIX
MAXI	+ 0.0	ROIX
IGNE	+ 0.0	PCHM
IGNE	+ 0.0	LANZ

High negative correlations

MAXI	- 0.46	LANZ
MAXI	- 0.42	PCHM
LANZ	- 0.11	PCHM
MAXI	- 0.0	IGNE
IGNE	- 0.0	LANZ
IGNE	- 0.0	PCHM

Alexis Practical Constituents Risk-Adjusted Indicators

There is a big difference between Alexis Etf performing well and Alexis Practical 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 Alexis Practical'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
ROIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCHM	0.83	0.05	0.05	0.15	1.08	(4.93)	1.31	(2.94)	19.55
LANZ	1.99	(1.01)	0.00	(6.35)	0.00	0.00	0.00	0.00	66.67
IGNE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAXI	3.27	(0.40)	0.00	(4.54)	0.00	0.00	7.27	(6.52)	19.98

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