ARS Focused Correlations

AFOS Etf

34.91 0.15 0.43%

The current 90-days correlation between ARS Focused Opportunity and Innovator SP 500 is 0.86 (i.e., Very poor diversification). The correlation of ARS Focused 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.

ARS Focused Correlation With Market

Poor diversification

The correlation between ARS Focused Opportunity and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARS Focused Opportunity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ARS Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ARS Focused Opportunity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with ARS Etf

0.82	VTI	Vanguard Total Stock	Pair Corr
0.84	SPY	SPDR SP 500	Pair Corr
0.84	IVV	iShares Core SP	Pair Corr
0.83	VIG	Vanguard Dividend	Pair Corr
0.82	VV	Vanguard Large Cap	Pair Corr
0.81	IWB	iShares Russell 1000	Pair Corr
0.83	ESGU	iShares ESG Aware	Pair Corr
0.83	DFAC	Dimensional Core Equity	Pair Corr
0.86	SPLG	SSgA Symbol Change	Pair Corr
0.9	FB	ProShares Trust ProShares	Pair Corr
0.8	TOT	Advisor Managed Port	Pair Corr
0.61	DUKH	Ocean Park High	Pair Corr
0.92	FTBI	First Trust Exchange	Pair Corr
0.69	FLCV	Federated Hermes ETF	Pair Corr
0.62	PLTM	GraniteShares Platinum	Pair Corr
0.93	QLC	FlexShares Quality Large	Pair Corr
0.93	CSD	Invesco SP Spin	Pair Corr
0.63	QULL	ETRACS 2x Leveraged	Pair Corr
0.79	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.82	PHT	PHT	Pair Corr
0.84	VOO	Vanguard SP 500	Pair Corr
0.83	TJUL	Innovator Etfs Trust	Pair Corr
0.82	HYSD	Columbia ETF Trust	Pair Corr
0.83	FSST	Fidelity Sustainability	Pair Corr
0.84	ZSB	USCF Sustainable Battery	Pair Corr
0.84	ECOW	Pacer Emerging Markets	Pair Corr

Moving against ARS Etf

0.86	NFLX	Netflix	Pair Corr
0.68	VXX	iPath Series B Sell-off Trend	Pair Corr
0.68	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.37	EMC	Global X Funds	Pair Corr

Related Correlations Analysis

	BFEB	LDRX	TOV	GTEK	UMAR	BLGR	POWA	OVL	CNRG	SMLV
BFEB		0.88	0.92	0.49	0.99	0.8	0.72	0.94	0.43	0.71	BFEB
LDRX	0.88		0.97	0.68	0.84	0.94	0.63	0.95	0.67	0.39	LDRX
TOV	0.92	0.97		0.74	0.86	0.96	0.73	0.98	0.6	0.48	TOV
GTEK	0.49	0.68	0.74		0.39	0.83	0.56	0.71	0.67	0.11	GTEK
UMAR	0.99	0.84	0.86	0.39		0.72	0.67	0.89	0.38	0.74	UMAR
BLGR	0.8	0.94	0.96	0.83	0.72		0.65	0.93	0.65	0.3	BLGR
POWA	0.72	0.63	0.73	0.56	0.67	0.65		0.79	0.37	0.64	POWA
OVL	0.94	0.95	0.98	0.71	0.89	0.93	0.79		0.55	0.59	OVL
CNRG	0.43	0.67	0.6	0.67	0.38	0.65	0.37	0.55		-0.12	CNRG
SMLV	0.71	0.39	0.48	0.11	0.74	0.3	0.64	0.59	-0.12		SMLV
	BFEB	LDRX	TOV	GTEK	UMAR	BLGR	POWA	OVL	CNRG	SMLV

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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

UMAR	+ 0.99	BFEB
OVL	+ 0.98	TOV
TOV	+ 0.97	LDRX
BLGR	+ 0.96	TOV
OVL	+ 0.95	LDRX
OVL	+ 0.94	BFEB

High negative correlations

SMLV

- 0.12

CNRG

ARS Focused Constituents Risk-Adjusted Indicators

There is a big difference between ARS Etf performing well and ARS Focused 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 ARS Focused'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
BFEB	0.35	0.01	(0.03)	0.08	0.46	(0.34)	0.73	(0.71)	1.98
LDRX	0.60	(0.02)	(0.03)	0.04	0.79	(0.62)	1.45	(1.34)	3.59
TOV	0.60	(0.01)	(0.02)	0.04	0.82	(0.57)	1.36	(1.28)	3.33
GTEK	1.12	(0.06)	(0.03)	0.01	1.44	(1.18)	2.17	(2.73)	6.28
UMAR	0.21	0.01	(0.10)	0.09	0.19	(0.22)	0.39	(0.38)	1.23
BLGR	0.76	(0.02)	(0.02)	0.03	1.12	(0.72)	1.58	(1.76)	4.39
POWA	0.55	(0.02)	(0.05)	0.03	0.72	(0.51)	1.07	(1.06)	2.99
OVL	0.72	(0.02)	(0.02)	0.04	1.00	(0.71)	1.38	(1.58)	4.08
CNRG	2.29	0.04	0.04	0.08	2.99	(2.23)	4.71	(5.01)	14.73
SMLV	0.65	(0.03)	(0.04)	0.02	0.80	(0.75)	1.57	(1.43)	3.60

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