STF Tactical Correlations

TUG Etf

USD 31.63 0.07 0.22%

The correlation of STF Tactical 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.

STF Tactical Correlation With Market

Poor diversification

The correlation between STF Tactical Growth and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STF Tactical Growth 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 STF Tactical Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with STF Etf

0.95	FVC	First Trust Dorsey	Pair Corr
0.74	GMOM	Cambria Global Momentum	Pair Corr
0.96	AGOX	Adaptive Alpha Oppor	Pair Corr
0.82	TACK	Fairlead Tactical Sector	Pair Corr
0.96	DALI	First Trust Dorsey	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.78	BA	Boeing	Pair Corr
0.81	DIS	Walt Disney	Pair Corr
0.75	MSFT	Microsoft	Pair Corr

Moving against STF Etf

0.97	FNGD	MicroSectors FANG Index	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.63	JPST	JPMorgan Ultra Short	Pair Corr
0.42	GDXU	MicroSectors Gold Miners	Pair Corr
0.58	JNJ	Johnson Johnson	Pair Corr
0.49	KO	Coca Cola	Pair Corr
0.46	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.38	MCD	McDonalds	Pair Corr
0.35	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	CNXS	KEX	OSG	CNRD	ALEX
CNXS		0.0	0.0	0.0	0.0	CNXS
KEX	0.0		0.0	0.0	0.07	KEX
OSG	0.0	0.0		0.0	0.0	OSG
CNRD	0.0	0.0	0.0		0.0	CNRD
ALEX	0.0	0.07	0.0	0.0		ALEX
	CNXS	KEX	OSG	CNRD	ALEX

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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

ALEX	+ 0.07	KEX
KEX	+ 0.0	CNXS
OSG	+ 0.0	CNXS
CNRD	+ 0.0	CNXS
ALEX	+ 0.0	CNXS
OSG	+ 0.0	KEX

High negative correlations

ALEX	- 0.0	CNRD
ALEX	- 0.0	OSG
CNRD	- 0.0	OSG
CNRD	- 0.0	KEX
OSG	- 0.0	KEX
ALEX	- 0.0	CNXS

STF Tactical Constituents Risk-Adjusted Indicators

There is a big difference between STF Etf performing well and STF Tactical 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 STF Tactical'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CNXS	0.00	0.00	0.00	0.00	0.00	0.00
KEX	1.39	(0.14)	(0.19)	2.41	(3.12)	9.03
OSG	0.00	0.00	0.00	0.00	0.00	0.00
CNRD	0.00	0.00	0.00	0.00	0.00	0.00
ALEX	0.84	(0.09)	(0.43)	1.54	(1.70)	4.07

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