Tradr 2X Correlations

Delisted . USA . 
Etf . Tradr 2X Long
SPYMDelisted Etf   28.34  0.00  0.00%   
The current 90-days correlation between Tradr 2X Long and Tradr 175X Long is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tradr 2X moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tradr 2X Long moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tradr 2X Correlation With Market

Average diversification

The correlation between Tradr 2X Long and DJI is 0.12 (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 World Market Map 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 manufacturing.

Moving against Tradr Etf

  0.61VO Vanguard Mid CapPairCorr
  0.52UYG ProShares Ultra FinaPairCorr
  0.5VTI Vanguard Total StockPairCorr
  0.48IVV iShares Core SPPairCorr
  0.47SSO ProShares Ultra SP500PairCorr
  0.47SPXL Direxion Daily SP500PairCorr
  0.47UPRO ProShares UltraPro SP500PairCorr
  0.47SPY SPDR SP 500PairCorr
  0.44VTV Vanguard Value IndexPairCorr
  0.41VUG Vanguard Growth IndexPairCorr
  0.4FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.39QLD ProShares Ultra QQQPairCorr
  0.34LABU Direxion Daily SPPairCorr
  0.68HD Home DepotPairCorr
  0.55BAC Bank of America Aggressive PushPairCorr
  0.53WMT WalmartPairCorr
  0.46JPM JPMorgan Chase Sell-off TrendPairCorr
  0.44CAT CaterpillarPairCorr

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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