YieldMax AAPL Correlations

APLY Etf

12.11 0.50 3.97%

The current 90-days correlation between YieldMax AAPL Option and Nicholas Fixed Income is 0.33 (i.e., Weak diversification). The correlation of YieldMax AAPL 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.

YieldMax AAPL Correlation With Market

Very good diversification

The correlation between YieldMax AAPL Option and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax AAPL Option and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in YieldMax AAPL Option. 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 against YieldMax Etf

0.72	GDXU	MicroSectors Gold Miners Upward Rally	Pair Corr
0.69	NUGT	Direxion Daily Gold	Pair Corr
0.68	JNUG	Direxion Daily Junior	Pair Corr
0.67	MUU	Direxion Daily MU	Pair Corr
0.67	MULL	GraniteShares 2x Long	Pair Corr
0.56	KORU	Direxion Daily South	Pair Corr
0.55	RYLD	Global X Russell	Pair Corr
0.53	IDME	International Drawdown Low Volatility	Pair Corr
0.48	BUYW	Main Buywrite ETF	Pair Corr
0.46	XYLD	Global X SP	Pair Corr
0.46	FNGD	MicroSectors FANG Index	Pair Corr
0.44	KNG	FT Cboe Vest	Pair Corr
0.42	JEPI	JPMorgan Equity Premium	Pair Corr
0.41	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.74	AGQ	ProShares Ultra Silver	Pair Corr
0.65	WDNA	WisdomTree BioRevolution	Pair Corr
0.61	SHNY	Microsectors Gold	Pair Corr
0.56	EWT	iShares MSCI Taiwan	Pair Corr
0.55	BSMS	Invesco BulletShares 2028	Pair Corr
0.52	TAXT	Northern Trust Tax	Pair Corr
0.52	FIDU	Fidelity MSCI Industrials	Pair Corr
0.49	SIXJ	AIM ETF Products	Pair Corr
0.48	UMAY	Innovator ETFs Trust	Pair Corr
0.48	SCDV	ETF Series Solutions	Pair Corr
0.48	WLDR	Affinity World Leaders	Pair Corr
0.45	IQSZ	Invesco Actively Managed	Pair Corr
0.41	NCPB	Nuveen Core Plus	Pair Corr
0.4	BWET	ETF Managers Group	Pair Corr
0.67	PFF	iShares Preferred	Pair Corr
0.63	TLCI	Touchstone ETF Trust	Pair Corr
0.58	IAUM	iShares Gold Trust	Pair Corr
0.57	PCEM	Litman Gregory Funds	Pair Corr
0.55	CCNR	CoreCommodity Natural	Pair Corr
0.53	EURL	Direxion Daily FTSE	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.46	0.43	0.16	-0.53	-0.1	0.33	0.48	0.43	META
MSFT	-0.41		0.8	-0.53	-0.65	0.71	0.81	0.06	-0.85	-0.91	MSFT
UBER	-0.46	0.8		-0.46	-0.48	0.78	0.53	-0.09	-0.8	-0.74	UBER
F	0.43	-0.53	-0.46		0.06	-0.41	-0.23	0.3	0.68	0.6	F
T	0.16	-0.65	-0.48	0.06		-0.39	-0.75	-0.13	0.4	0.58	T
A	-0.53	0.71	0.78	-0.41	-0.39		0.48	-0.04	-0.63	-0.78	A
CRM	-0.1	0.81	0.53	-0.23	-0.75	0.48		0.44	-0.56	-0.81	CRM
JPM	0.33	0.06	-0.09	0.3	-0.13	-0.04	0.44		0.21	-0.08	JPM
MRK	0.48	-0.85	-0.8	0.68	0.4	-0.63	-0.56	0.21		0.82	MRK
XOM	0.43	-0.91	-0.74	0.6	0.58	-0.78	-0.81	-0.08	0.82		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

XOM	+ 0.82	MRK
CRM	+ 0.81	MSFT
UBER	+ 0.8	MSFT
A	+ 0.78	UBER
A	+ 0.71	MSFT
MRK	+ 0.68	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.85	MSFT
XOM	- 0.81	CRM
MRK	- 0.8	UBER
XOM	- 0.78	A
CRM	- 0.75	T

YieldMax AAPL Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax AAPL 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 YieldMax AAPL'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	1.51	0.00	(0.02)	0.06	1.53	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.36)	0.00	(0.92)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
F	1.22	0.07	0.05	0.14	1.20	(1.48)	3.34	(2.30)	7.16
T	1.02	0.23	0.17	3.71	0.77	(1.19)	3.87	(1.54)	5.31
A	1.27	(0.30)	0.00	(0.17)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.68	(0.41)	0.00	(0.35)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.15)	0.00	(0.04)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.35	0.49	0.35	0.77	0.97	(1.72)	3.59	(1.98)	8.74
XOM	1.24	0.36	0.22	1.65	1.11	(1.42)	2.68	(2.12)	6.83

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