Strategy Shares Correlations

SSFI Etf

USD 21.36 0.05 0.23%

The current 90-days correlation between Strategy Shares and Day HaganNed Davis is 0.16 (i.e., Average diversification). The correlation of Strategy Shares 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.

Strategy Shares Correlation With Market

Average diversification

The correlation between Strategy Shares 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 Strategy Shares 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 Strategy Shares . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in Strategy Etf please use our How to Invest in Strategy Shares guide.

Moving together with Strategy Etf

0.96	UCON	First Trust TCW	Pair Corr
0.97	OBND	SSGA Active Trust	Pair Corr
0.78	GLDB	Strategy Shares Gold	Pair Corr
0.65	HYIN	WisdomTree Alternative	Pair Corr
0.85	BND	Vanguard Total Bond	Pair Corr
0.7	VEA	Vanguard FTSE Developed	Pair Corr
0.72	GDXU	MicroSectors Gold Miners	Pair Corr
0.78	PG	Procter Gamble	Pair Corr
0.74	KO	Coca Cola	Pair Corr
0.7	MCD	McDonalds	Pair Corr
0.82	VZ	Verizon Communications	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr

Moving against Strategy Etf

0.72	RINF	ProShares Inflation	Pair Corr
0.48	VUG	Vanguard Growth Index	Pair Corr
0.48	VB	Vanguard Small Cap	Pair Corr
0.41	RISR	FolioBeyond Rising Rates	Pair Corr
0.38	VTI	Vanguard Total Stock	Pair Corr
0.35	SPY	SPDR SP 500	Pair Corr
0.35	IVV	iShares Core SP	Pair Corr
0.33	AMAX	Starboard Investment	Pair Corr
0.56	AA	Alcoa Corp	Pair Corr
0.53	CAT	Caterpillar	Pair Corr
0.52	AXP	American Express	Pair Corr
0.51	MSFT	Microsoft	Pair Corr
0.48	BAC	Bank of America	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.38	HD	Home Depot	Pair Corr
0.34	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.04	0.59	-0.54	0.32	0.42	0.26	0.9	-0.75	-0.01	META
MSFT	-0.04		-0.62	0.09	-0.79	0.69	0.89	0.1	0.44	-0.52	MSFT
UBER	0.59	-0.62		-0.35	0.8	-0.25	-0.53	0.53	-0.85	0.54	UBER
F	-0.54	0.09	-0.35		-0.05	-0.04	-0.08	-0.39	0.56	0.31	F
T	0.32	-0.79	0.8	-0.05		-0.57	-0.71	0.17	-0.65	0.58	T
A	0.42	0.69	-0.25	-0.04	-0.57		0.79	0.62	0.1	-0.3	A
CRM	0.26	0.89	-0.53	-0.08	-0.71	0.79		0.33	0.24	-0.58	CRM
JPM	0.9	0.1	0.53	-0.39	0.17	0.62	0.33		-0.63	0.07	JPM
MRK	-0.75	0.44	-0.85	0.56	-0.65	0.1	0.24	-0.63		-0.31	MRK
XOM	-0.01	-0.52	0.54	0.31	0.58	-0.3	-0.58	0.07	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.8	UBER
CRM	+ 0.79	A
A	+ 0.69	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Strategy Shares Competition Risk-Adjusted Indicators

There is a big difference between Strategy Etf performing well and Strategy Shares 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 Strategy Shares' 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
META	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.12	(0.15)	0.00	(0.28)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.41	0.19	0.74	2.06	(2.04)	4.72	(3.13)	12.75
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.04	0.26	0.16	0.40	1.61	(1.11)	1.90	(1.75)	11.66
A	1.15	(0.15)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.27)	0.00	(0.31)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.09	0.05	0.02	1.74	(1.04)	1.99	(3.35)	6.85
MRK	1.17	(0.11)	0.00	1.52	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89

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