Themes Robotics Correlations

BOTT Etf

27.67 0.18 0.65%

The current 90-days correlation between Themes Robotics Auto and Invesco DWA Utilities is 0.07 (i.e., Significant diversification). The correlation of Themes Robotics 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.

Themes Robotics Correlation With Market

Poor diversification

The correlation between Themes Robotics Automation and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes Robotics Automation 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 Themes Robotics Automation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Themes Etf

0.69	VGT	Vanguard Information	Pair Corr
0.75	XLK	Technology Select Sector	Pair Corr
0.7	IYW	iShares Technology ETF	Pair Corr
0.89	SMH	VanEck Semiconductor ETF	Pair Corr
0.85	SOXX	iShares Semiconductor ETF	Pair Corr
0.66	CIBR	First Trust NASDAQ	Pair Corr
0.69	FTEC	Fidelity MSCI Information	Pair Corr
0.71	IGM	iShares Expanded Tech	Pair Corr
0.73	USD	ProShares Ultra Semi	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.8	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.63	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.83	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.7	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Themes Etf

0.52	NRGU	Bank Of Montreal	Pair Corr
0.51	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PUI	PWB	PWV	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
PUI		0.85	0.76	-0.66	0.0	-0.41	0.67	0.36	0.83	-0.53	PUI
PWB	0.85		0.9	-0.78	0.0	-0.25	0.7	0.05	0.68	-0.45	PWB
PWV	0.76	0.9		-0.61	0.0	-0.14	0.62	-0.01	0.54	-0.53	PWV
444859BR2	-0.66	-0.78	-0.61		0.0	0.33	-0.54	0.0	-0.61	0.24	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.41	-0.25	-0.14	0.33	0.0		-0.48	-0.42	-0.43	-0.03	BRRAY
MSTSX	0.67	0.7	0.62	-0.54	0.0	-0.48		0.36	0.69	0.05	MSTSX
ABHYX	0.36	0.05	-0.01	0.0	0.0	-0.42	0.36		0.6	-0.02	ABHYX
LBHIX	0.83	0.68	0.54	-0.61	0.0	-0.43	0.69	0.6		-0.24	LBHIX
SCAXF	-0.53	-0.45	-0.53	0.24	0.0	-0.03	0.05	-0.02	-0.24		SCAXF
	PUI	PWB	PWV	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

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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

PWV	+ 0.9	PWB
PWB	+ 0.85	PUI
LBHIX	+ 0.83	PUI
PWV	+ 0.76	PUI
MSTSX	+ 0.7	PWB
LBHIX	+ 0.69	MSTSX

High negative correlations

444859BR2	- 0.78	PWB
444859BR2	- 0.66	PUI
LBHIX	- 0.61	444859BR2
444859BR2	- 0.61	PWV
MSTSX	- 0.54	444859BR2
SCAXF	- 0.53	PWV

Themes Robotics Constituents Risk-Adjusted Indicators

There is a big difference between Themes Etf performing well and Themes Robotics 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 Themes Robotics' 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
PUI	0.72	0.14	0.07	0.47	0.60	(0.80)	1.82	(1.19)	4.12
PWB	0.65	0.03	0.02	0.16	0.86	(0.63)	1.44	(1.61)	4.47
PWV	0.58	0.00	(0.02)	0.12	0.43	(0.76)	1.33	(1.07)	4.54
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.59)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.50	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.25)	0.05	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.02	(0.41)	2.96	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.41)	0.00	(0.99)	0.00	0.00	0.00	0.00	23.47

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