Quaker Investment Correlations

OWNS Etf

USD 17.24 0.05 0.29%

The current 90-days correlation between Quaker Investment Trust and Listed Funds Trust is 0.36 (i.e., Weak diversification). The correlation of Quaker Investment 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.

Quaker Investment Correlation With Market

Good diversification

The correlation between Quaker Investment Trust and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quaker Investment Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quaker Investment Trust. 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 Quaker Etf

0.97	GOVT	iShares Treasury Bond	Pair Corr
0.99	MBB	iShares MBS ETF	Pair Corr
0.98	IEI	iShares 3 7	Pair Corr
0.98	SPTI	SPDR Portfolio Inter	Pair Corr
0.95	SPMB	SPDR Portfolio Mortgage	Pair Corr
0.98	ITE	SPDR Bloomberg Barclays	Pair Corr
0.99	JMBS	Janus Henderson Mort	Pair Corr
0.99	FLGV	Franklin Liberty Treasury	Pair Corr
0.94	MBSD	FlexShares Disciplined	Pair Corr
0.9	FXY	Invesco CurrencyShares	Pair Corr
0.96	PMBS	PIMCO Mortgage Backed	Pair Corr
0.62	AMPD	Tidal Trust II	Pair Corr
0.71	GDXU	MicroSectors Gold Miners	Pair Corr
0.86	TRV	The Travelers Companies	Pair Corr
0.9	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.73	PG	Procter Gamble	Pair Corr
0.65	IBM	International Business	Pair Corr
0.88	T	ATT Inc Aggressive Push	Pair Corr

Moving against Quaker Etf

0.82	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.61	AXP	American Express	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.76	MSFT	Microsoft Aggressive Push	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.61	BAC	Bank of America Aggressive Push	Pair Corr
0.57	HD	Home Depot	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.41	MRK	Merck Company	Pair Corr
0.38	BA	Boeing	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.02	0.58	-0.53	0.3	0.43	0.28	0.9	-0.74	-0.03	META
MSFT	-0.02		-0.62	0.02	-0.8	0.7	0.89	0.13	0.43	-0.55	MSFT
UBER	0.58	-0.62		-0.28	0.81	-0.27	-0.53	0.51	-0.84	0.57	UBER
F	-0.53	0.02	-0.28		0.0	-0.09	-0.16	-0.37	0.51	0.36	F
T	0.3	-0.8	0.81	0.0		-0.59	-0.71	0.16	-0.65	0.6	T
A	0.43	0.7	-0.27	-0.09	-0.59		0.8	0.62	0.11	-0.34	A
CRM	0.28	0.89	-0.53	-0.16	-0.71	0.8		0.36	0.23	-0.61	CRM
JPM	0.9	0.13	0.51	-0.37	0.16	0.62	0.36		-0.63	0.06	JPM
MRK	-0.74	0.43	-0.84	0.51	-0.65	0.11	0.23	-0.63		-0.32	MRK
XOM	-0.03	-0.55	0.57	0.36	0.6	-0.34	-0.61	0.06	-0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.81	UBER
CRM	+ 0.8	A
A	+ 0.7	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.74	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Quaker Investment Competition Risk-Adjusted Indicators

There is a big difference between Quaker Etf performing well and Quaker Investment 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 Quaker Investment'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
META	1.63	0.04	0.02	0.00	2.27	(1.46)	2.96	(3.73)	8.90
MSFT	1.11	(0.18)	0.00	(0.29)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.40	0.18	0.75	2.03	(2.05)	4.72	(3.13)	12.75
F	1.44	0.14	0.06	0.09	2.12	(1.42)	2.71	(2.88)	10.14
T	0.99	0.29	0.19	0.56	1.43	(1.11)	1.90	(1.55)	11.66
A	1.16	(0.14)	0.00	(0.20)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.29)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.10	0.05	0.05	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.16	(0.11)	0.00	1.03	0.00	0.00	2.07	(1.80)	11.58
XOM	1.03	0.13	0.10	0.27	1.28	(1.06)	2.55	(2.36)	5.89

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