| XRLX Etf | | | 45.65 0.41 0.91% |
The current 90-days correlation between FundX Investment Trust and FT Cboe Vest is 0.44 (i.e., Very weak diversification). The correlation of FundX Investment 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 Investment Correlation With Market
Poor diversification
The correlation between FundX Investment Trust 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 Investment Trust and DJI in the same portfolio, assuming nothing else is changed.
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signals in bureau of economic analysis.