CrossingBridge Pre Correlations
SPC Etf | USD 20.95 0.01 0.05% |
The current 90-days correlation between CrossingBridge Pre and Universe Pharmaceuticals is 0.17 (i.e., Average diversification). The correlation of CrossingBridge Pre 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.
CrossingBridge Pre Correlation With Market
Modest diversification
The correlation between CrossingBridge Pre Merger SPAC and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CrossingBridge Pre Merger SPAC and DJI in the same portfolio, assuming nothing else is changed.
CrossingBridge |
Moving together with CrossingBridge Etf
0.97 | EUFN | iShares MSCI Europe | PairCorr |
0.69 | BITI | ProShares Trust | PairCorr |
0.91 | SPAQ | Horizon Kinetics SPAC | PairCorr |
0.96 | PULS | PGIM Ultra Short | PairCorr |
0.85 | GDXU | MicroSectors Gold Miners | PairCorr |
0.94 | JNJ | Johnson Johnson | PairCorr |
0.83 | TRV | The Travelers Companies | PairCorr |
0.7 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
0.75 | CVX | Chevron Corp | PairCorr |
0.73 | GE | GE Aerospace | PairCorr |
0.77 | MMM | 3M Company | PairCorr |
0.62 | INTC | Intel | PairCorr |
0.71 | IBM | International Business | PairCorr |
Moving against CrossingBridge Etf
0.59 | IAT | iShares Regional Banks | PairCorr |
0.44 | KRE | SPDR SP Regional Aggressive Push | PairCorr |
0.4 | MPAY | Akros Monthly Payout | PairCorr |
0.38 | KBE | SPDR SP Bank | PairCorr |
0.31 | FXO | First Trust Financials | PairCorr |
0.84 | MSFT | Microsoft | PairCorr |
0.77 | AA | Alcoa Corp | PairCorr |
0.67 | HPQ | HP Inc | PairCorr |
0.62 | AXP | American Express | PairCorr |
0.62 | CAT | Caterpillar | PairCorr |
0.49 | MRK | Merck Company | PairCorr |
Related Correlations Analysis
-0.6 | 0.72 | -0.79 | 0.77 | UPC | ||
-0.6 | -0.39 | 0.5 | -0.52 | CNA | ||
0.72 | -0.39 | -0.43 | 0.46 | UCL | ||
-0.79 | 0.5 | -0.43 | -0.87 | UST | ||
0.77 | -0.52 | 0.46 | -0.87 | PRE | ||
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
|
CrossingBridge Pre Constituents Risk-Adjusted Indicators
There is a big difference between CrossingBridge Etf performing well and CrossingBridge Pre 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 CrossingBridge Pre'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
UPC | 6.78 | (2.05) | 0.00 | 1.06 | 0.00 | 9.60 | 62.12 | |||
CNA | 0.99 | 0.11 | 0.09 | 0.18 | 1.14 | 2.17 | 5.91 | |||
UCL | 6.12 | 0.55 | 0.07 | 0.40 | 7.07 | 11.73 | 126.22 | |||
UST | 0.70 | 0.03 | 0.05 | (0.13) | 0.73 | 1.39 | 3.54 | |||
PRE | 2.29 | (0.52) | 0.00 | (0.91) | 0.00 | 4.57 | 15.87 |