REX VolMAXX Correlations

VMAX Etf

47.53 1.03 2.22%

The current 90-days correlation between REX VolMAXX Long and FT Vest Equity is 0.65 (i.e., Poor diversification). The correlation of REX VolMAXX 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.

REX VolMAXX Correlation With Market

Very weak diversification

The correlation between REX VolMAXX Long and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REX VolMAXX 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, which includes a position in REX VolMAXX Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with REX Etf

0.63	VTV	Vanguard Value Index	Pair Corr
0.74	VYM	Vanguard High Dividend	Pair Corr
0.73	GE	GE Aerospace	Pair Corr
0.63	AXP	American Express	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.7	BA	Boeing	Pair Corr
0.88	JPM	JPMorgan Chase	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.69	MMM	3M Company	Pair Corr

Moving against REX Etf

0.48	WTID	UBS ETRACS	Pair Corr
0.62	MRK	Merck Company Sell-off Trend	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		0.92	0.21	0.78	0.24	0.95	0.94	-0.89	0.95	DHDG
MBCC	0.92		0.43	0.66	0.47	0.85	0.85	-0.76	0.84	MBCC
DIHP	0.21	0.43		-0.1	0.94	0.03	0.02	0.21	-0.04	DIHP
DJAN	0.78	0.66	-0.1		-0.07	0.92	0.93	-0.83	0.88	DJAN
MDLV	0.24	0.47	0.94	-0.07		0.08	0.07	0.15	0.0	MDLV
DJUL	0.95	0.85	0.03	0.92	0.08		1.0	-0.94	0.98	DJUL
DJUN	0.94	0.85	0.02	0.93	0.07	1.0		-0.94	0.98	DJUN
SH	-0.89	-0.76	0.21	-0.83	0.15	-0.94	-0.94		-0.98	SH
VV	0.95	0.84	-0.04	0.88	0.0	0.98	0.98	-0.98		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

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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

DJUN	+ 1.0	DJUL
VV	+ 0.98	DJUL
VV	+ 0.98	DJUN
DJUL	+ 0.95	DHDG
VV	+ 0.95	DHDG
DJUN	+ 0.94	DHDG

High negative correlations

VV	- 0.98	SH
SH	- 0.94	DJUN
SH	- 0.94	DJUL
SH	- 0.89	DHDG
SH	- 0.83	DJAN
SH	- 0.76	MBCC

REX VolMAXX Constituents Risk-Adjusted Indicators

There is a big difference between REX Etf performing well and REX VolMAXX 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 REX VolMAXX'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
DHDG	0.43	0.00	0.00	(0.15)	0.00	0.00	0.71	(0.94)	2.86
MBCC	0.73	(0.03)	0.00	(0.18)	0.00	0.00	1.25	(2.25)	4.26
DIHP	0.58	0.10	0.20	0.06	0.75	(0.59)	1.26	(1.21)	3.71
DJAN	0.26	(0.02)	0.00	(0.22)	0.00	0.00	0.43	(0.77)	2.02
MDLV	0.56	0.04	0.00	(0.05)	0.00	0.00	1.06	(1.52)	3.33
DJUL	0.41	(0.02)	0.00	(0.19)	0.00	0.00	0.72	(1.08)	2.99
DJUN	0.44	(0.02)	0.00	(0.18)	0.00	0.00	0.74	(1.21)	3.23
SH	0.76	0.05	0.38	(0.20)	0.58	(0.92)	1.78	(1.11)	4.81
VV	0.78	(0.03)	0.00	(0.19)	0.00	0.00	1.16	(1.71)	4.56

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