Return Stacked Correlations
RSSB Etf | 24.39 0.31 1.29% |
The current 90-days correlation between Return Stacked Global and Strategy Shares is 0.11 (i.e., Average diversification). The correlation of Return Stacked 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.
Return Stacked Correlation With Market
Very weak diversification
The correlation between Return Stacked Global and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Return Stacked Global and DJI in the same portfolio, assuming nothing else is changed.
Return |
Moving together with Return Etf
0.94 | AOA | iShares Core Aggressive | PairCorr |
0.68 | RLY | SPDR SSgA Multi | PairCorr |
0.96 | GAL | SPDR SSgA Global | PairCorr |
0.84 | NTSI | WisdomTree International | PairCorr |
0.92 | GAA | Cambria Global Asset | PairCorr |
0.91 | GYLD | Arrow ETF Trust | PairCorr |
0.84 | FCEF | First Trust Income | PairCorr |
0.83 | PMBS | PIMCO Mortgage Backed | PairCorr |
0.61 | CQQQ | Invesco China Technology | PairCorr |
0.61 | AIQ | Global X Artificial | PairCorr |
0.65 | PG | Procter Gamble | PairCorr |
0.61 | MCD | McDonalds | PairCorr |
0.63 | HD | Home Depot | PairCorr |
0.78 | DD | Dupont De Nemours | PairCorr |
0.62 | JNJ | Johnson Johnson | PairCorr |
Moving against Return Etf
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
| High negative correlations
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Return Stacked Constituents Risk-Adjusted Indicators
There is a big difference between Return Etf performing well and Return Stacked 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 Return Stacked'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DHSB | 0.31 | (0.08) | 0.00 | (0.94) | 0.00 | 0.49 | 0.96 | |||
MBOX | 0.59 | (0.01) | 0.02 | (0.31) | 0.83 | 1.06 | 4.74 | |||
DIEM | 0.59 | 0.00 | 0.02 | (0.01) | 0.86 | 1.34 | 4.44 | |||
MCHI | 1.36 | 0.22 | 0.14 | (43.05) | 1.50 | 2.57 | 12.27 | |||
DIPS | 1.96 | 0.16 | 0.06 | 0.31 | 2.70 | 3.34 | 23.78 | |||
DISO | 0.70 | (0.01) | 0.01 | (0.88) | 0.91 | 1.41 | 3.42 | |||
DIVB | 0.53 | 0.02 | 0.06 | 0.31 | 0.66 | 1.01 | 3.96 | |||
DIVD | 0.51 | 0.07 | 0.13 | 2.21 | 0.57 | 0.88 | 3.20 | |||
DIVG | 0.50 | (0.02) | 0.00 | (0.06) | 0.00 | 0.97 | 2.77 |