Acquirers Correlations

ZIG Etf

USD 35.82 0.38 1.07%

The current 90-days correlation between Acquirers and Roundhill Acquirers Deep is 0.85 (i.e., Very poor diversification). The correlation of Acquirers 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.

Acquirers Correlation With Market

Good diversification

The correlation between The Acquirers and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Acquirers 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 The Acquirers. 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 Acquirers Etf

0.69	VOE	Vanguard Mid Cap	Pair Corr
0.88	IWS	iShares Russell Mid	Pair Corr
0.85	COWZ	Pacer Cash Cows	Pair Corr
0.88	DON	WisdomTree MidCap	Pair Corr
0.85	PKW	Invesco BuyBack Achievers	Pair Corr
0.71	GRI	GRI Bio Earnings Call This Week	Pair Corr
0.91	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.83	CAT	Caterpillar	Pair Corr
0.85	MSFT	Microsoft	Pair Corr
0.89	BAC	Bank of America Aggressive Push	Pair Corr
0.82	AXP	American Express	Pair Corr

Moving against Acquirers Etf

0.78	FXY	Invesco CurrencyShares	Pair Corr
0.45	SDY	SPDR SP Dividend	Pair Corr
0.71	T	ATT Inc Earnings Call This Week	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.66	KO	Coca Cola Sell-off Trend	Pair Corr
0.35	IBM	International Business	Pair Corr

Related Correlations Analysis

	DEEP	QVAL	UTRN	TRTY	EYLD
DEEP		0.94	0.86	0.36	-0.46	DEEP
QVAL	0.94		0.93	0.5	-0.4	QVAL
UTRN	0.86	0.93		0.42	-0.46	UTRN
TRTY	0.36	0.5	0.42		0.43	TRTY
EYLD	-0.46	-0.4	-0.46	0.43		EYLD
	DEEP	QVAL	UTRN	TRTY	EYLD

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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

QVAL	+ 0.94	DEEP
UTRN	+ 0.93	QVAL
UTRN	+ 0.86	DEEP
TRTY	+ 0.5	QVAL
EYLD	+ 0.43	TRTY
TRTY	+ 0.42	UTRN

High negative correlations

EYLD	- 0.46	UTRN
EYLD	- 0.46	DEEP
EYLD	- 0.4	QVAL

Acquirers Constituents Risk-Adjusted Indicators

There is a big difference between Acquirers Etf performing well and Acquirers 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 Acquirers' 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
DEEP	0.83	(0.10)	0.00	0.48	0.00	0.00	1.39	(1.98)	4.76
QVAL	0.74	(0.06)	0.00	0.78	0.00	0.00	1.67	(1.62)	3.78
UTRN	0.71	(0.08)	0.00	0.43	0.00	0.00	1.21	(1.40)	4.02
TRTY	0.36	0.02	0.20	(1.39)	0.40	(0.42)	0.82	(0.73)	2.05
EYLD	0.73	0.05	0.14	(2.42)	0.81	(0.81)	1.41	(1.19)	4.35

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