Themes Robotics Correlations

BOTT Etf

57.56 1.67 2.82%

The current 90-days correlation between Themes Robotics Auto and Amplify Samsung Natural is 0.39 (i.e., Weak 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 0.68 (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.

Build AI portfolio with Themes Etf

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 producer price index.

Moving together with Themes Etf

0.7	INFL	Horizon Kinetics Inf	Pair Corr
0.68	PBD	Invesco Global Clean	Pair Corr
0.72	VRAI	Virtus Real Asset	Pair Corr
0.86	SAGP	Advisorsa Inner	Pair Corr
0.76	CBSE	Elevation Series Trust	Pair Corr
0.63	VTI	Vanguard Total Stock	Pair Corr
0.76	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.74	VO	Vanguard Mid Cap	Pair Corr
0.82	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.81	VB	Vanguard Small Cap	Pair Corr
0.84	VWO	Vanguard FTSE Emerging	Pair Corr
0.62	SPVM	Invesco SP 500	Pair Corr
0.82	SGOL	abrdn Physical Gold	Pair Corr
0.76	IWD	iShares Russell 1000	Pair Corr
0.8	LIT	Global X Lithium	Pair Corr
0.66	LITL	Simplify Exchange Traded	Pair Corr
0.87	MOOD	Relative Sentiment	Pair Corr
0.88	EEMX	SPDR MSCI Emerging	Pair Corr
0.82	SIVR	abrdn Physical Silver	Pair Corr
0.76	IBMQ	iShares Trust	Pair Corr
0.77	GDX	VanEck Gold Miners Aggressive Push	Pair Corr

Related Correlations Analysis

	AGMI	REAI	DVDN	SPMV	LGHT	HVAC	EPSB	OBOR	IRET	USNG
AGMI		0.12	-0.16	0.78	0.24	0.31	0.94	0.97	0.74	0.7	AGMI
REAI	0.12		0.49	0.12	0.58	0.9	0.36	0.23	0.42	0.45	REAI
DVDN	-0.16	0.49		-0.1	0.12	0.6	-0.02	-0.18	0.26	0.29	DVDN
SPMV	0.78	0.12	-0.1		0.41	0.26	0.79	0.75	0.58	0.37	SPMV
LGHT	0.24	0.58	0.12	0.41		0.59	0.41	0.33	0.3	0.37	LGHT
HVAC	0.31	0.9	0.6	0.26	0.59		0.52	0.37	0.6	0.62	HVAC
EPSB	0.94	0.36	-0.02	0.79	0.41	0.52		0.95	0.83	0.69	EPSB
OBOR	0.97	0.23	-0.18	0.75	0.33	0.37	0.95		0.73	0.72	OBOR
IRET	0.74	0.42	0.26	0.58	0.3	0.6	0.83	0.73		0.59	IRET
USNG	0.7	0.45	0.29	0.37	0.37	0.62	0.69	0.72	0.59		USNG
	AGMI	REAI	DVDN	SPMV	LGHT	HVAC	EPSB	OBOR	IRET	USNG

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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

OBOR	+ 0.97	AGMI
OBOR	+ 0.95	EPSB
EPSB	+ 0.94	AGMI
HVAC	+ 0.9	REAI
IRET	+ 0.83	EPSB
EPSB	+ 0.79	SPMV

High negative correlations

OBOR	- 0.18	DVDN
DVDN	- 0.16	AGMI
SPMV	- 0.1	DVDN
EPSB	- 0.02	DVDN

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
AGMI	2.11	0.78	0.32	0.74	1.68	(2.44)	5.63	(2.82)	11.42
REAI	0.74	(0.07)	0.00	(0.03)	0.00	0.00	1.36	(1.74)	5.10
DVDN	0.78	(0.09)	0.00	(0.07)	0.00	0.00	1.80	(1.34)	4.88
SPMV	0.46	(0.01)	(0.06)	0.05	0.53	(0.47)	0.81	(0.90)	2.54
LGHT	0.77	(0.11)	0.00	(0.05)	0.00	0.00	1.74	(1.56)	4.62
HVAC	1.33	0.00	0.01	0.07	1.88	(1.26)	2.36	(3.68)	7.30
EPSB	0.76	0.12	0.09	0.44	0.63	(0.90)	2.42	(1.20)	4.06
OBOR	0.63	0.24	0.21	5.17	0.51	(0.74)	1.34	(1.23)	3.04
IRET	0.60	0.00	(0.08)	0.03	0.78	(0.61)	1.27	(0.97)	3.63
USNG	0.81	0.10	0.07	0.28	0.87	(0.91)	1.55	(1.54)	4.27

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