Elkhorn Correlations

Etfs . USA . 
Etf . Elkhorn
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elkhorn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elkhorn moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
  
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Related Correlations Analysis

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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   
SPY
+ 1.0
VTI
IVV
+ 1.0
VTI
IVV
+ 1.0
SPY
VUG
+ 0.98
SPY
VB
+ 0.98
VO
VUG
+ 0.97
VTI
  
High negative correlations   
VB
- 0.69
VEA
VEA
- 0.69
VO
VEA
- 0.67
VTI
VEA
- 0.65
IVV
VEA
- 0.65
SPY
VEA
- 0.64
VUG

Elkhorn Constituents Risk-Adjusted Indicators

There is a big difference between Elkhorn Etf performing well and Elkhorn 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 Elkhorn'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTI  0.50  0.07  0.09  0.14  0.45 
(0.58)
 0.97 
(0.91)
 4.07 
SPY  0.47  0.06  0.07  0.14  0.44 
(0.50)
 0.95 
(0.90)
 3.77 
IVV  0.48  0.06  0.06  0.13  0.47 
(0.50)
 0.95 
(0.91)
 3.75 
BND  0.23 (0.06) 0.00 (0.67) 0.00 
 0.00 
 0.40 
(0.60)
 1.35 
VTV  0.47 (0.04)(0.11) 0.01  0.46 
(0.57)
 1.05 
(0.71)
 3.47 
VUG  0.65  0.15  0.14  0.27  0.63 
(0.68)
 1.66 
(1.34)
 5.33 
VO  0.54  0.04  0.05  0.10  0.42 
(0.65)
 1.33 
(0.93)
 3.69 
VEA  0.58 (0.06) 0.00 (1.10) 0.00 
 0.00 
 1.21 
(1.28)
 3.86 
VB  0.70  0.05  0.08  0.10  0.61 
(0.74)
 1.66 
(1.15)
 5.31 
VWO  0.80  0.04 (0.01) 0.27  0.92 
(0.88)
 2.17 
(1.85)
 6.41 

Elkhorn Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Elkhorn etf to make a market-neutral strategy. Peer analysis of Elkhorn could also be used in its relative valuation, which is a method of valuing Elkhorn by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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