Xtrackers Artificial Correlations

XAIX Etf

31.50 0.89 2.75%

The current 90-days correlation between Xtrackers Artificial and Tidal Trust II is 0.88 (i.e., Very poor diversification). The correlation of Xtrackers Artificial 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.

Xtrackers Artificial Correlation With Market

Poor diversification

The correlation between Xtrackers Artificial Intellige and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers Artificial Intellige and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtrackers Artificial Intelligence. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Xtrackers Etf

0.87	VGT	Vanguard Information	Pair Corr
0.9	XLK	Technology Select Sector	Pair Corr
0.9	IYW	iShares Technology ETF	Pair Corr
0.81	SMH	VanEck Semiconductor ETF	Pair Corr
0.82	SOXX	iShares Semiconductor ETF	Pair Corr
0.79	CIBR	First Trust NASDAQ	Pair Corr
0.87	FTEC	Fidelity MSCI Information	Pair Corr
0.92	IGV	iShares Expanded Tech	Pair Corr
0.97	FDN	First Trust Dow	Pair Corr
0.95	IGM	iShares Expanded Tech	Pair Corr
0.91	VTI	Vanguard Total Stock	Pair Corr
0.73	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.89	VBK	Vanguard Small Cap	Pair Corr
0.85	AXP	American Express	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.82	WMT	Walmart	Pair Corr
0.74	BA	Boeing	Pair Corr
0.75	HPQ	HP Inc	Pair Corr

Moving against Xtrackers Etf

0.96	FNGD	MicroSectors FANG Index Upward Rally	Pair Corr
0.47	JPST	JPMorgan Ultra Short	Pair Corr
0.64	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.55	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.43	JNJ	Johnson Johnson	Pair Corr
0.35	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.34	MRK	Merck Company	Pair Corr
0.34	MCD	McDonalds	Pair Corr
0.33	T	ATT Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	XAIX	TIME	TMET	DHDG	Z	MBCC	MBBB	BZDYF
XAIX		0.97	-0.4	0.88	0.78	0.8	-0.31	0.0	XAIX
TIME	0.97		-0.51	0.86	0.78	0.76	-0.42	0.0	TIME
TMET	-0.4	-0.51		-0.36	-0.26	-0.23	0.74	0.0	TMET
DHDG	0.88	0.86	-0.36		0.85	0.94	-0.12	0.0	DHDG
Z	0.78	0.78	-0.26	0.85		0.84	-0.11	0.0	Z
MBCC	0.8	0.76	-0.23	0.94	0.84		0.08	0.0	MBCC
MBBB	-0.31	-0.42	0.74	-0.12	-0.11	0.08		0.0	MBBB
BZDYF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BZDYF
	XAIX	TIME	TMET	DHDG	Z	MBCC	MBBB	BZDYF

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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

TIME	+ 0.97	XAIX
MBCC	+ 0.94	DHDG
DHDG	+ 0.88	XAIX
DHDG	+ 0.86	TIME
Z	+ 0.85	DHDG
MBCC	+ 0.84	Z

High negative correlations

TMET	- 0.51	TIME
MBBB	- 0.42	TIME
TMET	- 0.4	XAIX
DHDG	- 0.36	TMET
MBBB	- 0.31	XAIX
Z	- 0.26	TMET

Xtrackers Artificial Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers Artificial 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 Xtrackers Artificial'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
XAIX	1.15	(0.05)	0.00	(0.09)	0.00	0.00	1.79	(2.74)	6.11
TIME	1.18	(0.14)	0.00	(0.19)	0.00	0.00	1.76	(2.99)	6.81
TMET	0.72	0.16	0.28	(4.30)	0.54	(0.79)	1.58	(1.06)	3.89
DHDG	0.41	(0.03)	0.00	0.53	0.00	0.00	0.87	(0.90)	2.86
Z	1.84	(0.07)	0.00	1.45	0.00	0.00	3.33	(4.37)	14.24
MBCC	0.75	(0.03)	0.00	0.13	0.00	0.00	1.56	(1.68)	4.26
MBBB	0.24	0.02	0.27	0.28	0.19	(0.27)	0.52	(0.43)	1.48
BZDYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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