ARS Focused Correlations

AFOS Etf

38.01 0.57 1.52%

The current 90-days correlation between ARS Focused Opportunity and Direxion Shares ETF is 0.63 (i.e., 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

Very poor diversification

The correlation between ARS Focused Opportunity and DJI is 0.84 (i.e., Very 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 employment.

Moving together with ARS Etf

0.67	VTI	Vanguard Total Stock	Pair Corr
0.89	VIG	Vanguard Dividend	Pair Corr
0.95	RSP	Invesco SP 500	Pair Corr
0.96	DFAC	Dimensional Core Equity	Pair Corr
0.9	SPLG	SSgA Symbol Change	Pair Corr
0.64	USD	ProShares Ultra Semi	Pair Corr
0.97	SMH	VanEck Semiconductor ETF	Pair Corr
0.97	SOXX	iShares Semiconductor ETF	Pair Corr
0.97	PSI	Invesco Dynamic Semi	Pair Corr
0.96	DISV	Dimensional ETF Trust	Pair Corr
0.94	BSMS	Invesco BulletShares 2028	Pair Corr
0.96	NAPR	Innovator Nasdaq 100	Pair Corr
0.92	FNDA	Schwab Fundamental Small	Pair Corr
0.95	DWM	WisdomTree International	Pair Corr
0.94	VYMI	Vanguard International	Pair Corr
0.64	BDEC	Innovator SP 500	Pair Corr
0.96	QTAP	Innovator Growth 100	Pair Corr
0.88	EMIF	iShares Emerging Markets	Pair Corr
0.79	SLV	iShares Silver Trust	Pair Corr
0.84	ERET	iShares Environmentally	Pair Corr
0.92	KNGZ	First Trust Exchange	Pair Corr
0.72	PDEC	Innovator SP 500	Pair Corr
0.95	VLU	SPDR SP 1500	Pair Corr
0.9	DXJ	WisdomTree Japan Hedged	Pair Corr
0.97	CCNR	CoreCommodity Natural	Pair Corr
0.96	HEEM	iShares Currency Hedged	Pair Corr
0.93	JEPI	JPMorgan Equity Premium	Pair Corr
0.96	DFIC	Dimensional International	Pair Corr

Moving against ARS Etf

0.65	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.47	TECL	Direxion Daily Technology	Pair Corr
0.42	ROM	ProShares Ultra Tech	Pair Corr
0.37	QLD	ProShares Ultra QQQ	Pair Corr
0.72	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	JPAN	GMMA	VERS	SNPD	IQRA	WCEO	BBB	QQJG	LMBO
JPAN		0.74	-0.73	0.94	0.93	0.79	-0.71	0.06	-0.7	JPAN
GMMA	0.74		-0.31	0.73	0.6	0.86	-0.26	0.28	-0.35	GMMA
VERS	-0.73	-0.31		-0.83	-0.86	-0.43	0.95	0.19	0.9	VERS
SNPD	0.94	0.73	-0.83		0.94	0.83	-0.78	0.1	-0.79	SNPD
IQRA	0.93	0.6	-0.86	0.94		0.66	-0.85	-0.12	-0.8	IQRA
WCEO	0.79	0.86	-0.43	0.83	0.66		-0.38	0.46	-0.48	WCEO
BBB	-0.71	-0.26	0.95	-0.78	-0.85	-0.38		0.19	0.93	BBB
QQJG	0.06	0.28	0.19	0.1	-0.12	0.46	0.19		-0.04	QQJG
LMBO	-0.7	-0.35	0.9	-0.79	-0.8	-0.48	0.93	-0.04		LMBO
	JPAN	GMMA	VERS	SNPD	IQRA	WCEO	BBB	QQJG	LMBO

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

BBB	+ 0.95	VERS
SNPD	+ 0.94	JPAN
IQRA	+ 0.94	SNPD
IQRA	+ 0.93	JPAN
LMBO	+ 0.93	BBB
LMBO	+ 0.9	VERS

High negative correlations

IQRA	- 0.86	VERS
BBB	- 0.85	IQRA
SNPD	- 0.83	VERS
LMBO	- 0.8	IQRA
LMBO	- 0.79	SNPD
BBB	- 0.78	SNPD

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
JPAN	0.84	0.11	0.09	0.18	0.99	(0.90)	2.17	(1.58)	7.57
GMMA	0.24	0.00	(0.06)	0.03	0.31	(0.27)	0.52	(0.42)	1.98
VERS	1.36	(0.11)	0.00	(0.07)	0.00	0.00	3.00	(3.05)	8.20
SNPD	0.52	0.12	0.16	0.25	0.43	(0.57)	1.25	(1.03)	3.21
IQRA	0.43	0.10	0.12	0.37	0.41	(0.45)	0.81	(1.00)	3.11
WCEO	0.71	0.07	0.08	0.10	0.66	(0.81)	1.52	(1.34)	4.56
BBB	0.88	(0.10)	0.00	(0.06)	0.00	0.00	1.78	(2.00)	5.66
QQJG	0.84	0.08	0.03	(2.24)	0.93	(1.08)	1.73	(1.51)	6.37
LMBO	4.93	(0.37)	0.00	(0.06)	0.00	0.00	11.18	(9.26)	28.13

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