SRH Total Correlations

STEW Etf

USD 16.63 0.10 0.60%

The current 90-days correlation between SRH Total Return and Neuberger Berman Next is 0.09 (i.e., Significant diversification). The correlation of SRH Total 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.

SRH Total Correlation With Market

Good diversification

The correlation between SRH Total Return and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SRH Total Return 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 SRH Total Return. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with SRH Etf

0.89	V	Visa Class A	Pair Corr
0.76	AC	Associated Capital	Pair Corr
0.86	MA	Mastercard Sell-off Trend	Pair Corr
0.7	WSBF	Waterstone Financial	Pair Corr
0.67	ARI	Apollo Commercial Real	Pair Corr
0.72	ARR	ARMOUR Residential REIT	Pair Corr
0.62	COF	Capital One Financial	Pair Corr
0.65	EFC	Ellington Financial	Pair Corr
0.83	IVR	Invesco Mortgage Capital	Pair Corr
0.79	NLY	Annaly Capital Management	Pair Corr
0.8	ORC	Orchid Island Capital	Pair Corr
0.74	TWO	Two Harbors Investments	Pair Corr
0.86	GCMG	GCM Grosvenor	Pair Corr

Moving against SRH Etf

0.46	FOA	Finance of America	Pair Corr
0.43	DHIL	Diamond Hill Investment	Pair Corr
0.4	WD	Walker Dunlop	Pair Corr
0.33	ABR	Arbor Realty Trust	Pair Corr
0.69	MKTX	MarketAxess Holdings	Pair Corr
0.5	VEL	Velocity Financial Llc	Pair Corr
0.45	LMFA	LM Funding America	Pair Corr
0.32	JEF	Jefferies Financial Normal Trading	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.07	0.61	-0.52	0.35	0.4	0.23	0.9	-0.75	0.03	META
MSFT	-0.07		-0.63	0.16	-0.79	0.68	0.89	0.07	0.46	-0.47	MSFT
UBER	0.61	-0.63		-0.4	0.8	-0.24	-0.54	0.55	-0.85	0.5	UBER
F	-0.52	0.16	-0.4		-0.1	0.01	-0.01	-0.39	0.58	0.29	F
T	0.35	-0.79	0.8	-0.1		-0.56	-0.7	0.2	-0.66	0.55	T
A	0.4	0.68	-0.24	0.01	-0.56		0.77	0.61	0.11	-0.25	A
CRM	0.23	0.89	-0.54	-0.01	-0.7	0.77		0.3	0.26	-0.52	CRM
JPM	0.9	0.07	0.55	-0.39	0.2	0.61	0.3		-0.64	0.09	JPM
MRK	-0.75	0.46	-0.85	0.58	-0.66	0.11	0.26	-0.64		-0.3	MRK
XOM	0.03	-0.47	0.5	0.29	0.55	-0.25	-0.52	0.09	-0.3		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	+ 0.77	A
A	+ 0.68	MSFT
UBER	+ 0.61	META

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.7	T
MRK	- 0.66	T
MRK	- 0.64	JPM

SRH Total Competition Risk-Adjusted Indicators

There is a big difference between SRH Etf performing well and SRH Total 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 SRH Total'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
META	1.59	(0.03)	0.00	(0.10)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.10	(0.17)	0.00	(0.32)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.89	0.35	0.16	0.60	2.15	(2.04)	4.72	(3.13)	12.75
F	1.47	0.08	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.05	0.27	0.17	0.42	1.61	(1.12)	1.90	(1.75)	11.66
A	1.16	(0.17)	0.00	(0.26)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.29)	0.00	(0.33)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.07	0.04	(0.01)	1.72	(1.04)	1.99	(3.35)	6.85
MRK	1.15	(0.08)	0.00	1.02	0.00	0.00	2.07	(1.80)	11.58
XOM	1.07	0.10	0.10	0.15	1.40	(1.08)	2.55	(2.36)	5.89

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