Main Sector Correlations

Etfs . USA . 
Etf . Main Sector Rotation
SECT Etf  USD 52.21  0.05  0.1%   
The current 90-days correlation between Main Sector Rotation and Main Thematic Innovation is -0.15 (i.e., Good diversification). The correlation of Main Sector 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.

Main Sector Correlation With Market

Poor diversification

The correlation between Main Sector Rotation and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main Sector Rotation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Main Sector Rotation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Main Etf

  0.99VTI Vanguard Total StockPairCorr
  0.99SPY SPDR SP 500PairCorr
  0.99IVV iShares Core SPPairCorr
  0.76VIG Vanguard DividendPairCorr
  0.99VV Vanguard Large CapPairCorr
  0.71RSP Invesco SP 500PairCorr
  0.79IWB iShares Russell 1000PairCorr
  0.98DFAC Dimensional Core EquityPairCorr
  0.99SPLG SPDR Portfolio SPPairCorr
  1.0UPRO ProShares UltraPro SP500PairCorr
  0.94QTJA Innovator ETFs TrustPairCorr
  0.98QTOC Innovator ETFs TrustPairCorr
  0.79XTOC Innovator ETFs TrustPairCorr
  0.73QTAP Innovator Growth 100PairCorr
  0.91XTJA Innovator ETFs TrustPairCorr
  0.67JPM JPMorgan ChasePairCorr
  0.88HD Home DepotPairCorr
  0.92AXP American ExpressPairCorr
  0.65CAT CaterpillarPairCorr
  0.81DIS Walt DisneyPairCorr
  0.87BAC Bank of AmericaPairCorr
  0.74MSFT MicrosoftPairCorr

Moving against Main Etf

  0.31GDXU MicroSectors Gold MinersPairCorr
  0.62VZ Verizon CommunicationsPairCorr
  0.57JNJ Johnson JohnsonPairCorr
  0.51KO Coca ColaPairCorr
  0.36XOM Exxon Mobil CorpPairCorr

Related Correlations Analysis

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Main Sector Constituents Risk-Adjusted Indicators

There is a big difference between Main Etf performing well and Main Sector 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 Main Sector'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.

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