STF Tactical Correlations

TUGN Etf

USD 24.98 0.08 0.32%

The current 90-days correlation between STF Tactical Growth and First Trust Nasdaq is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as STF Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STF Tactical Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

STF Tactical Correlation With Market

Significant diversification

The correlation between STF Tactical Growth and DJI is 0.03 (i.e., Significant 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 price.

Moving together with STF Etf

0.74	GDMA	Alpha Architect Gdsdn	Pair Corr
0.96	TUG	STF Tactical Growth	Pair Corr
0.73	RAAX	VanEck Inflation All	Pair Corr
0.89	OCIO	ClearShares OCIO ETF	Pair Corr
0.85	MFUL	Collaborative Investment	Pair Corr
0.87	RULE	Collaborative Investment	Pair Corr
0.65	RRH	Advocate Capital Man	Pair Corr
0.84	MAPP	Harbor ETF Trust	Pair Corr
0.74	EVUS	iShares ESG Aware Potential Growth	Pair Corr
0.62	XOP	SPDR SP Oil	Pair Corr
0.95	EOS	Eaton Vance Enhanced	Pair Corr
0.92	VBK	Vanguard Small Cap	Pair Corr
0.67	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.92	CSCO	Cisco Systems	Pair Corr
0.84	DIS	Walt Disney	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.83	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.9	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.89	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against STF Etf

0.78	GREI	Goldman Sachs Future	Pair Corr
0.71	HART	IQ Healthy Hearts	Pair Corr
0.59	MPRO	Northern Lights	Pair Corr
0.46	PRME	Prime Medicine, Common	Pair Corr
0.91	BITI	ProShares Trust	Pair Corr
0.9	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.83	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	FTQI	QRMI	TUG	VWID	HDAW
FTQI		0.92	0.97	-0.74	0.56	FTQI
QRMI	0.92		0.93	-0.8	0.57	QRMI
TUG	0.97	0.93		-0.7	0.56	TUG
VWID	-0.74	-0.8	-0.7		-0.27	VWID
HDAW	0.56	0.57	0.56	-0.27		HDAW
	FTQI	QRMI	TUG	VWID	HDAW

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

TUG	+ 0.97	FTQI
TUG	+ 0.93	QRMI
QRMI	+ 0.92	FTQI
HDAW	+ 0.57	QRMI
HDAW	+ 0.56	FTQI
HDAW	+ 0.56	TUG

High negative correlations

VWID	- 0.8	QRMI
VWID	- 0.74	FTQI
VWID	- 0.7	TUG
HDAW	- 0.27	VWID

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTQI	0.38	0.08	0.06	0.26	0.23	(0.42)	0.93	(0.70)	3.12
QRMI	0.25	0.07	(0.05)	0.73	0.15	(0.30)	0.55	(0.36)	2.45
TUG	0.71	0.09	0.08	0.21	0.75	(0.83)	1.50	(1.38)	5.55
VWID	0.53	(0.08)	0.00	(0.38)	0.00	0.00	0.94	(1.19)	2.94
HDAW	0.64	0.09	0.00	1.24	0.64	(0.69)	1.16	(1.29)	3.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC