| RHTX Etf | | | USD 17.02 0.12 0.71% |
The current 90-days correlation between Starboard Investment and FT Cboe Vest is 0.32 (i.e., Weak diversification). The correlation of Starboard 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.
Starboard Investment Correlation With Market
Very poor diversification
The correlation between Starboard Investment Trust and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starboard Investment Trust and DJI in the same portfolio, assuming nothing else is changed.
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