EGSHARES BLUE Correlations

BCHP Etf

USD 34.08 0.40 1.19%

The current 90-days correlation between EGSHARES BLUE CHIP and FT Vest Equity is 0.3 (i.e., Weak diversification). The correlation of EGSHARES BLUE 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.

EGSHARES BLUE Correlation With Market

Good diversification

The correlation between EGSHARES BLUE CHIP and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EGSHARES BLUE CHIP and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in EGSHARES BLUE CHIP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with EGSHARES Etf

0.7	VUG	Vanguard Growth Index	Pair Corr
0.71	IWF	iShares Russell 1000	Pair Corr
0.78	IVW	iShares SP 500	Pair Corr
0.78	SPYG	SPDR Portfolio SP	Pair Corr
0.78	IUSG	iShares Core SP	Pair Corr
0.71	VONG	Vanguard Russell 1000	Pair Corr
0.67	MGK	Vanguard Mega Cap	Pair Corr
0.71	VRGWX	Vanguard Russell 1000	Pair Corr
0.71	QQQM	Invesco NASDAQ 100	Pair Corr
0.67	IWY	iShares Russell Top	Pair Corr
0.7	RXI	iShares Global Consumer	Pair Corr
0.73	AXP	American Express	Pair Corr
0.62	MMM	3M Company	Pair Corr

Moving against EGSHARES Etf

0.36	HPQ	HP Inc	Pair Corr
0.35	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		0.88	0.8	0.5	0.58	0.96	0.96	-0.64	0.78	DHDG
MBCC	0.88		0.84	0.27	0.8	0.8	0.81	-0.67	0.73	MBCC
DIHP	0.8	0.84		0.54	0.72	0.83	0.84	-0.36	0.6	DIHP
DJAN	0.5	0.27	0.54		0.06	0.7	0.69	-0.23	0.56	DJAN
MDLV	0.58	0.8	0.72	0.06		0.51	0.52	-0.47	0.49	MDLV
DJUL	0.96	0.8	0.83	0.7	0.51		1.0	-0.55	0.77	DJUL
DJUN	0.96	0.81	0.84	0.69	0.52	1.0		-0.55	0.77	DJUN
SH	-0.64	-0.67	-0.36	-0.23	-0.47	-0.55	-0.55		-0.92	SH
VV	0.78	0.73	0.6	0.56	0.49	0.77	0.77	-0.92		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

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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

DJUN	+ 1.0	DJUL
DJUL	+ 0.96	DHDG
DJUN	+ 0.96	DHDG
MBCC	+ 0.88	DHDG
DIHP	+ 0.84	MBCC
DJUN	+ 0.84	DIHP

High negative correlations

VV	- 0.92	SH
SH	- 0.67	MBCC
SH	- 0.64	DHDG
SH	- 0.55	DJUN
SH	- 0.55	DJUL
SH	- 0.47	MDLV

EGSHARES BLUE Constituents Risk-Adjusted Indicators

There is a big difference between EGSHARES Etf performing well and EGSHARES BLUE 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 EGSHARES BLUE'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
DHDG	0.35	0.01	0.07	(0.16)	0.51	(0.37)	0.68	(0.80)	2.55
MBCC	0.57	0.03	0.07	(0.68)	0.79	(0.56)	1.12	(1.16)	3.80
DIHP	0.52	0.09	0.16	(0.99)	0.59	(0.55)	1.26	(1.05)	3.68
DJAN	0.17	0.00	0.07	(0.03)	0.27	(0.17)	0.36	(0.49)	1.29
MDLV	0.50	0.03	0.07	0.57	0.78	(0.44)	0.93	(1.13)	2.96
DJUL	0.30	0.01	0.08	(0.21)	0.42	(0.29)	0.66	(0.72)	1.93
DJUN	0.31	0.01	0.08	(0.17)	0.45	(0.31)	0.57	(0.75)	2.22
SH	0.61	0.01	0.08	(0.05)	0.62	(0.73)	1.56	(1.06)	4.81
VV	0.63	0.00	0.00	(0.03)	0.00	0.00	1.11	(1.65)	4.02

Trending Assets

MDLV

EA Series Trust

27.69 0.40 1.47

DHDG

FT Vest Equity

31.01 0.00 0.00

ProShares Short SP500

42.25 -0.62 -1.45

MBCC

Northern Lights

35.97 0.03 0.08

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