ACTI500 M Correlations

ACTI500M

8.09 0.01 0.12%

The current 90-days correlation between ACTI500 M and Vanguard International Equity is -0.05 (i.e., Good diversification). The correlation of ACTI500 M 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.

ACTI500 M Correlation With Market

Very good diversification

The correlation between ACTI500 M and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACTI500 M and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ACTI500 M could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACTI500 M when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ACTI500 M - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ACTI500 M to buy it.

Moving together with ACTI500 Etf

0.89	VTI	Vanguard Index Funds	Pair Corr
0.85	VOO	Vanguard SP 500	Pair Corr
0.85	SPY	SPDR SP 500	Pair Corr
0.89	IVV	iShares Trust	Pair Corr
0.77	BND	Vanguard Bond Index	Pair Corr
0.82	QQQ	Invesco QQQ Trust	Pair Corr
0.94	ITOT	iShares Core SP	Pair Corr
0.77	FXI	iShares Trust	Pair Corr
0.88	HYG	iShares Trust	Pair Corr

Moving against ACTI500 Etf

0.8	EWY	iShares iShares	Pair Corr
0.79	EWZ	iShares MSCI Brazil	Pair Corr
0.78	MVEU	iShares Edge MSCI	Pair Corr
0.71	VDC	Vanguard World	Pair Corr
0.68	VEA	Vanguard Tax Managed	Pair Corr
0.66	VLUE	iShares Trust	Pair Corr
0.66	FLTR	Vaneck Vectors Investment	Pair Corr
0.64	VXUS	Vanguard STAR Funds	Pair Corr
0.61	HEZU	iShares Trust	Pair Corr
0.6	GDXJ	VanEck Vectors ETF	Pair Corr
0.51	SMH	Vaneck Vectors Semic	Pair Corr
0.51	EWL	iShares iShares	Pair Corr
0.5	DXD	ProShares Trust	Pair Corr
0.47	ECH	iShares MSCI Chile	Pair Corr
0.45	VWO	Vanguard International	Pair Corr
0.42	VTV	Vanguard Index Funds	Pair Corr
0.35	KRE	SPDR SP Regional	Pair Corr
0.85	XSD	SPDR Series Trust	Pair Corr
0.84	DIG	ProShares Trust	Pair Corr
0.84	VDE	Vanguard World	Pair Corr
0.84	XRT	SPDR Series Trust	Pair Corr
0.83	ILF	iShares Trust	Pair Corr
0.76	XLP	Select Sector	Pair Corr
0.75	IAU	iShares Gold Trust	Pair Corr
0.74	IYE	iShares Trust	Pair Corr
0.72	OIH	VanEck Vectors ETF	Pair Corr
0.68	IEMG	iShares Core MSCI	Pair Corr
0.68	EPP	iShares iShares	Pair Corr
0.67	HYEM	Vaneck Vectors Emerging	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.19	-0.21	0.24	0.18	-0.35	-0.04	0.32	0.22	0.28	META
MSFT	-0.19		0.84	-0.63	-0.85	0.8	0.92	0.29	-0.89	-0.94	MSFT
UBER	-0.21	0.84		-0.55	-0.76	0.88	0.75	0.16	-0.8	-0.83	UBER
F	0.24	-0.63	-0.55		0.37	-0.56	-0.45	0.04	0.75	0.68	F
T	0.18	-0.85	-0.76	0.37		-0.64	-0.84	-0.26	0.72	0.74	T
A	-0.35	0.8	0.88	-0.56	-0.64		0.64	0.13	-0.74	-0.83	A
CRM	-0.04	0.92	0.75	-0.45	-0.84	0.64		0.51	-0.79	-0.88	CRM
JPM	0.32	0.29	0.16	0.04	-0.26	0.13	0.51		-0.05	-0.26	JPM
MRK	0.22	-0.89	-0.8	0.75	0.72	-0.74	-0.79	-0.05		0.91	MRK
XOM	0.28	-0.94	-0.83	0.68	0.74	-0.83	-0.88	-0.26	0.91		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.92	MSFT
XOM	+ 0.91	MRK
A	+ 0.88	UBER
UBER	+ 0.84	MSFT
A	+ 0.8	MSFT
CRM	+ 0.75	UBER

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.89	MSFT
XOM	- 0.88	CRM
T	- 0.85	MSFT
CRM	- 0.84	T
XOM	- 0.83	A

ACTI500 M Competition Risk-Adjusted Indicators

There is a big difference between ACTI500 Etf performing well and ACTI500 M 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 ACTI500 M'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
META	1.53	0.21	0.03	(0.41)	1.51	(1.75)	3.43	(2.81)	13.69
MSFT	1.31	(0.30)	0.00	(0.57)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.56	(0.22)	0.00	(0.27)	0.00	0.00	2.70	(3.82)	11.09
F	1.25	0.14	0.11	0.26	0.96	(1.56)	3.61	(1.98)	7.50
T	1.04	0.14	0.02	(1.11)	0.99	(1.21)	3.87	(1.76)	7.44
A	1.26	(0.24)	0.00	(0.95)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.78	(0.29)	0.00	(0.14)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.24	(0.13)	(0.03)	0.03	1.76	(1.30)	2.34	(3.11)	8.17
MRK	1.26	0.28	0.17	0.52	1.11	(1.40)	2.81	(2.06)	8.74
XOM	1.29	0.36	0.18	3.96	1.09	(1.50)	2.90	(2.44)	6.83

ACTI500 M 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 ACTI500 M etf to make a market-neutral strategy. Peer analysis of ACTI500 M could also be used in its relative valuation, which is a method of valuing ACTI500 M by comparing valuation metrics with similar companies.

Vanguard Index Funds Vanguard SP 500 Vanguard STAR Funds SPDR SP 500 iShares Trust Vanguard Bond Index Invesco QQQ Trust Vanguard Tax Managed Funds Vanguard International Equity American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

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