Tradr 2X Correlations

Delisted . USA . 
Etf . Tradr 2X Long
QQQWDelisted Etf   30.30  0.00  0.00%   
The current 90-days correlation between Tradr 2X Long and Tradr 175X Long is -0.1 (i.e., Good diversification). The correlation of Tradr 2X 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.

Tradr 2X Correlation With Market

Average diversification

The correlation between Tradr 2X Long and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tradr 2X Long and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios. 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 against Tradr Etf

  0.65SPXL Direxion Daily SP500PairCorr
  0.65UPRO ProShares UltraPro SP500PairCorr
  0.64SSO ProShares Ultra SP500PairCorr
  0.64LABU Direxion Daily SPPairCorr
  0.64VTI Vanguard Total StockPairCorr
  0.63VO Vanguard Mid CapPairCorr
  0.62QLD ProShares Ultra QQQPairCorr
  0.62SPY SPDR SP 500PairCorr
  0.62IVV iShares Core SPPairCorr
  0.62VUG Vanguard Growth IndexPairCorr
  0.6FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.55TECL Direxion Daily TechnologyPairCorr
  0.38UYG ProShares Ultra FinaPairCorr
  0.37GUSH Direxion Daily SPPairCorr
  0.65HD Home DepotPairCorr
  0.55BAC Bank of America Aggressive PushPairCorr
  0.55HPQ HP IncPairCorr
  0.5CAT CaterpillarPairCorr
  0.45WMT WalmartPairCorr
  0.45BA BoeingPairCorr
  0.39AA Alcoa CorpPairCorr
  0.33JPM JPMorgan Chase Sell-off TrendPairCorr

Related Correlations Analysis

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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
+ 0.89
META
CRM
+ 0.89
MSFT
T
+ 0.79
UBER
CRM
+ 0.76
A
A
+ 0.66
MSFT
UBER
+ 0.63
META
  
High negative correlations   
MRK
- 0.86
UBER
T
- 0.78
MSFT
MRK
- 0.76
META
CRM
- 0.69
T
MRK
- 0.67
T
MRK
- 0.65
JPM

Tradr 2X Competition Risk-Adjusted Indicators

There is a big difference between Tradr Etf performing well and Tradr 2X 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 Tradr 2X'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.59 (0.03) 0.00 (0.11) 0.00 
 0.00 
 2.57 
(3.73)
 8.90 
MSFT  1.11 (0.16) 0.00 (0.31) 0.00 
 0.00 
 2.58 
(2.14)
 10.31 
UBER  1.87  0.33  0.15  0.56  2.19 
(2.00)
 4.72 
(3.13)
 12.75 
F  1.44  0.10  0.04  0.02  2.20 
(1.39)
 2.71 
(2.89)
 10.14 
T  1.05  0.27  0.17  0.41  1.61 
(1.12)
 1.90 
(1.75)
 11.66 
A  1.14 (0.14) 0.00 (0.23) 0.00 
 0.00 
 2.92 
(2.59)
 9.03 
CRM  1.40 (0.27) 0.00 (0.32) 0.00 
 0.00 
 2.72 
(3.81)
 8.88 
JPM  1.11  0.06  0.00 (0.02) 0.00 
 0.00 
 1.99 
(3.35)
 6.85 
MRK  1.16 (0.07) 0.00  0.80  0.00 
 0.00 
 2.07 
(1.80)
 11.58 
XOM  1.06  0.09  0.09  0.13  1.38 
(1.10)
 2.55 
(2.36)
 5.89 

Tradr 2X Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tradr 2X etf to make a market-neutral strategy. Peer analysis of Tradr 2X could also be used in its relative valuation, which is a method of valuing Tradr 2X by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Tradr 2X Long?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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