FundX Aggressive Correlations

XNAV Etf

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The current 90-days correlation between FundX Aggressive ETF and Dimensional ETF Trust is 0.57 (i.e., Very weak diversification). The correlation of FundX Aggressive 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.

FundX Aggressive Correlation With Market

Poor diversification

The correlation between FundX Aggressive ETF and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FundX Aggressive ETF 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 FundX Aggressive ETF. 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 FundX Etf

0.99	VUG	Vanguard Growth Index	Pair Corr
0.99	IWF	iShares Russell 1000	Pair Corr
1.0	IVW	iShares SP 500	Pair Corr
1.0	SPYG	SPDR Portfolio SP	Pair Corr
1.0	IUSG	iShares Core SP	Pair Corr
0.99	VONG	Vanguard Russell 1000	Pair Corr
0.98	MGK	Vanguard Mega Cap	Pair Corr
0.99	VRGWX	Vanguard Russell 1000	Pair Corr
0.99	QQQM	Invesco NASDAQ 100	Pair Corr
0.98	IWY	iShares Russell Top	Pair Corr
0.86	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.87	HPQ	HP Inc	Pair Corr
0.94	AXP	American Express Sell-off Trend	Pair Corr
0.7	WMT	Walmart Aggressive Push	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.88	BAC	Bank of America Sell-off Trend	Pair Corr

Moving against FundX Etf

0.69	PMBS	PIMCO Mortgage Backed	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.63	FXY	Invesco CurrencyShares	Pair Corr
0.62	AMPD	Tidal Trust II	Pair Corr
0.53	T	ATT Inc Earnings Call Today	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.7	VZ	Verizon Communications	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.41	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.33	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV
DISV		-0.64	-0.76	-0.69	-0.74	-0.71	-0.74	-0.71	-0.64	DISV
VB	-0.64		0.97	0.99	0.97	0.99	0.96	0.98	0.99	VB
MMSC	-0.76	0.97		0.98	0.97	0.98	0.98	0.99	0.96	MMSC
VIOG	-0.69	0.99	0.98		0.98	1.0	0.98	0.99	0.99	VIOG
VIOV	-0.74	0.97	0.97	0.98		1.0	0.97	0.98	0.98	VIOV
VIOO	-0.71	0.99	0.98	1.0	1.0		0.98	0.99	0.99	VIOO
DWAS	-0.74	0.96	0.98	0.98	0.97	0.98		0.99	0.97	DWAS
VTWG	-0.71	0.98	0.99	0.99	0.98	0.99	0.99		0.98	VTWG
VTWV	-0.64	0.99	0.96	0.99	0.98	0.99	0.97	0.98		VTWV
	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV

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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

VIOO	+ 1.0	VIOG
VIOO	+ 1.0	VIOV
VIOG	+ 0.99	VB
VIOO	+ 0.99	VB
VTWV	+ 0.99	VB
VTWG	+ 0.99	MMSC

High negative correlations

MMSC	- 0.76	DISV
DWAS	- 0.74	DISV
VIOV	- 0.74	DISV
VTWG	- 0.71	DISV
VIOO	- 0.71	DISV
VIOG	- 0.69	DISV

FundX Aggressive Constituents Risk-Adjusted Indicators

There is a big difference between FundX Etf performing well and FundX Aggressive 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 FundX Aggressive'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
DISV	0.66	0.17	0.21	0.23	0.69	(0.66)	1.54	(1.20)	5.30
VB	0.91	(0.11)	0.00	(0.18)	0.00	0.00	1.41	(2.41)	4.41
MMSC	1.19	(0.17)	0.00	(0.23)	0.00	0.00	1.95	(3.30)	5.91
VIOG	0.92	(0.14)	0.00	(0.21)	0.00	0.00	1.62	(2.28)	4.96
VIOV	0.91	(0.16)	0.00	(0.23)	0.00	0.00	1.48	(2.12)	4.36
VIOO	0.89	(0.15)	0.00	(0.22)	0.00	0.00	1.57	(2.17)	4.38
DWAS	1.46	(0.18)	0.00	(0.21)	0.00	0.00	2.79	(3.89)	8.13
VTWG	1.10	(0.13)	0.00	(0.19)	0.00	0.00	1.90	(2.72)	6.10
VTWV	0.88	(0.12)	0.00	(0.20)	0.00	0.00	1.47	(2.27)	4.73

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