ARS Focused Correlations

AFOS Etf

38.34 0.00 0.00%

The current 90-days correlation between ARS Focused Opportunity and SPDR SSGA Small is 0.34 (i.e., Weak 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

Almost no diversification

The correlation between ARS Focused Opportunity and DJI is 0.9 (i.e., Almost no 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 board of governors.

Moving together with ARS Etf

0.85	VTI	Vanguard Total Stock	Pair Corr
0.83	SPY	SPDR SP 500	Pair Corr
0.83	IVV	iShares Core SP	Pair Corr
0.89	VIG	Vanguard Dividend	Pair Corr
0.78	VV	Vanguard Large Cap	Pair Corr
0.95	RSP	Invesco SP 500 Aggressive Push	Pair Corr
0.82	IWB	iShares Russell 1000	Pair Corr
0.75	ESGU	iShares ESG Aware	Pair Corr
0.94	DFAC	Dimensional Core Equity	Pair Corr
0.86	SPLG	SSgA Symbol Change	Pair Corr
0.91	OIH	VanEck Oil Services	Pair Corr
0.88	WTMF	WisdomTree Managed	Pair Corr
0.91	EWC	iShares MSCI Canada	Pair Corr
0.85	TOT	Advisor Managed Port	Pair Corr
0.63	BST	BlackRock Science Tech	Pair Corr
0.83	RDIV	Invesco SP Ultra	Pair Corr
0.92	AHYB	American Century ETF	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.91	DD	Dupont De Nemours Earnings Call Today	Pair Corr
0.8	MRK	Merck Company Aggressive Push	Pair Corr
0.83	INTC	Intel Aggressive Push	Pair Corr
0.86	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.63	HD	Home Depot	Pair Corr

Moving against ARS Etf

0.48	ARKW	ARK Next Generation	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.47	MMM	3M Company	Pair Corr

Related Correlations Analysis

	BFEB	LDRX	TOV	GTEK	UMAR	BLGR	POWA	OVL	CNRG	SMLV
BFEB		0.66	0.9	0.8	0.99	0.39	0.9	0.94	0.44	0.91	BFEB
LDRX	0.66		0.9	0.69	0.63	0.91	0.54	0.86	0.4	0.38	LDRX
TOV	0.9	0.9		0.87	0.88	0.74	0.83	0.99	0.53	0.7	TOV
GTEK	0.8	0.69	0.87		0.77	0.62	0.78	0.85	0.73	0.6	GTEK
UMAR	0.99	0.63	0.88	0.77		0.38	0.9	0.93	0.37	0.92	UMAR
BLGR	0.39	0.91	0.74	0.62	0.38		0.34	0.66	0.36	0.08	BLGR
POWA	0.9	0.54	0.83	0.78	0.9	0.34		0.86	0.52	0.89	POWA
OVL	0.94	0.86	0.99	0.85	0.93	0.66	0.86		0.49	0.77	OVL
CNRG	0.44	0.4	0.53	0.73	0.37	0.36	0.52	0.49		0.35	CNRG
SMLV	0.91	0.38	0.7	0.6	0.92	0.08	0.89	0.77	0.35		SMLV
	BFEB	LDRX	TOV	GTEK	UMAR	BLGR	POWA	OVL	CNRG	SMLV

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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	0.36	0.01	(0.05)	0.10	0.48	(0.35)	0.86	(0.95)	2.51
LDRX	0.58	(0.08)	0.00	(0.03)	0.00	0.00	1.20	(1.35)	4.32
TOV	0.57	(0.06)	(0.08)	0.01	0.89	(0.50)	1.16	(1.32)	3.72
GTEK	1.23	(0.11)	0.00	(0.01)	0.00	0.00	2.17	(2.59)	5.48
UMAR	0.19	0.01	(0.19)	0.11	0.15	(0.21)	0.51	(0.40)	1.26
BLGR	0.76	(0.13)	0.00	(0.08)	0.00	0.00	1.26	(1.72)	4.84
POWA	0.58	0.00	(0.02)	0.08	0.62	(0.61)	1.61	(0.98)	3.80
OVL	0.74	(0.05)	(0.04)	0.03	0.98	(0.74)	1.72	(1.59)	5.10
CNRG	2.07	(0.14)	(0.03)	0.00	2.76	(2.09)	4.71	(5.01)	12.82
SMLV	0.69	0.14	0.18	0.24	0.40	(0.84)	2.08	(1.10)	4.56

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