Ether Fund Correlations
| QETH-UN Etf | 75.15 1.00 1.35% |
The current 90-days correlation between Ether Fund and Manulife Multifactor Mid is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ether Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ether Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ether Fund Correlation With Market
Weak diversification
The correlation between Ether Fund and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ether Fund and DJI in the same portfolio, assuming nothing else is changed.
Ether |
The ability to find closely correlated positions to Ether Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ether Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ether Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ether Fund to buy it.
Moving together with Ether Etf
| 0.89 | XIU | iShares SPTSX 60 | PairCorr |
| 0.91 | XSP | iShares Core SP | PairCorr |
| 0.87 | XIC | iShares Core SPTSX | PairCorr |
| 0.61 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.87 | ZCN | BMO SPTSX Capped | PairCorr |
| 0.93 | ZSP | BMO SP 500 | PairCorr |
| 0.93 | VFV | Vanguard SP 500 | PairCorr |
| 0.95 | ZEB | BMO SPTSX Equal | PairCorr |
| 0.92 | HQU | BetaPro NASDAQ 100 | PairCorr |
| 0.94 | HBLK | Blockchain Technologies | PairCorr |
| 0.93 | TEC | TD Global Technology | PairCorr |
| 0.92 | ZNQ | BMO NASDAQ 100 | PairCorr |
| 0.97 | XIT | iShares SPTSX Capped | PairCorr |
| 0.8 | HTA | Harvest Tech Achievers | PairCorr |
| 0.93 | XQQ | iShares NASDAQ 100 | PairCorr |
| 0.93 | ZQQ | BMO NASDAQ 100 | PairCorr |
| 0.89 | TLF | Tech Leaders Income | PairCorr |
| 0.88 | TOCC | TD One Click | PairCorr |
| 0.84 | GDV | Global Dividend Growth | PairCorr |
| 0.82 | ZWA | BMO Covered Call | PairCorr |
| 0.78 | PFAA | Picton Mahoney Fortified | PairCorr |
| 0.91 | VMO | Vanguard Global Momentum | PairCorr |
| 0.87 | FTN | Financial 15 Split | PairCorr |
| 0.9 | CASH | GLOBAL X HIGH | PairCorr |
| 0.94 | VUN | Vanguard Total Market | PairCorr |
| 0.8 | EGIF | Exemplar Growth | PairCorr |
| 0.93 | FLSA | Fidelity LongShort | PairCorr |
| 0.88 | FHG | FT AlphaDEX Industrials | PairCorr |
| 0.7 | PYF-B | Purpose Fund Corp | PairCorr |
| 0.96 | BTCQ | 3iQ Bitcoin ETF | PairCorr |
| 0.96 | FBTC | Fidelity Advantage | PairCorr |
| 0.66 | ZSB | BMO Short Term | PairCorr |
| 0.9 | XESG | iShares ESG Aware | PairCorr |
| 0.94 | XCNS | iShares Core Conservative | PairCorr |
| 0.98 | CMCX-B | CI Galaxy Multi | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Ether Fund Competition Risk-Adjusted Indicators
There is a big difference between Ether Etf performing well and Ether Fund 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 Ether Fund'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 | 1.16 | 0.06 | 0.03 | 0.15 | 1.43 | 2.62 | 7.43 | |||
| MSFT | 0.87 | (0.02) | (0.02) | (0.01) | 1.63 | 1.78 | 8.14 | |||
| UBER | 1.71 | (0.32) | 0.00 | (0.34) | 0.00 | 2.67 | 20.41 | |||
| F | 1.44 | (0.15) | 0.00 | (0.08) | 0.00 | 2.53 | 11.21 | |||
| T | 0.96 | 0.11 | 0.08 | 0.52 | 1.12 | 1.93 | 7.95 | |||
| A | 1.24 | (0.09) | 0.00 | (0.16) | 0.00 | 2.71 | 9.02 | |||
| CRM | 1.48 | 0.37 | 0.23 | 0.30 | 1.30 | 3.18 | 14.80 | |||
| JPM | 1.04 | 0.16 | 0.14 | 0.11 | 1.08 | 1.99 | 15.87 | |||
| MRK | 0.96 | (0.27) | 0.00 | (1.10) | 0.00 | 1.72 | 5.17 | |||
| XOM | 0.90 | (0.14) | 0.00 | (0.43) | 0.00 | 1.83 | 6.06 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ether Fund without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |