ETRACS 2xMonthly Correlations

PFFL Etf

USD 9.00 0.02 0.22%

The current 90-days correlation between ETRACS 2xMonthly Pay and ETRACS 2xMonthly Pay is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ETRACS 2xMonthly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ETRACS 2xMonthly Pay moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ETRACS 2xMonthly Correlation With Market

Modest diversification

The correlation between ETRACS 2xMonthly Pay and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETRACS 2xMonthly Pay 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 ETRACS 2xMonthly Pay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving against ETRACS Etf

0.46	VXX	iPath Series B	Pair Corr
0.46	VIXY	ProShares VIX Short	Pair Corr
0.38	VIXM	ProShares VIX Mid	Pair Corr
0.37	VXZ	iPath Series B	Pair Corr

Related Correlations Analysis

	SMHB	HDLB	MVRL	CEFD	BDCZ
SMHB		0.53	0.68	0.73	0.73	SMHB
HDLB	0.53		0.94	0.22	0.44	HDLB
MVRL	0.68	0.94		0.45	0.6	MVRL
CEFD	0.73	0.22	0.45		0.87	CEFD
BDCZ	0.73	0.44	0.6	0.87		BDCZ
	SMHB	HDLB	MVRL	CEFD	BDCZ

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ETRACS 2xMonthly Constituents Risk-Adjusted Indicators

There is a big difference between ETRACS Etf performing well and ETRACS 2xMonthly 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 ETRACS 2xMonthly'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
SMHB	1.92	0.03	0.00	(0.04)	0.00	0.00	3.84	(4.67)	12.85
HDLB	1.43	0.20	0.10	0.17	1.92	(1.43)	3.03	(3.05)	9.99
MVRL	1.40	0.15	0.08	0.07	1.71	(1.41)	2.93	(2.69)	6.74
CEFD	0.75	0.01	0.00	(0.06)	0.00	0.00	1.43	(1.77)	4.34
BDCZ	0.67	0.06	0.10	0.05	0.84	(0.70)	1.27	(1.43)	4.36

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ETRACS 2xMonthly Correlations

ETRACS 2xMonthly Correlation With Market

Modest diversification

Moving against ETRACS Etf

Related Correlations Analysis

ETRACS 2xMonthly Constituents Risk-Adjusted Indicators

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