REX Crypto Correlations

CEPI Etf   46.31  2.40  4.93%   
The current 90-days correlation between REX Crypto Equity and iShares Dividend and is 0.14 (i.e., Average diversification). The correlation of REX Crypto 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.

REX Crypto Correlation With Market

REXDowDiversified AwayREXDowDiversified Away100%

Good diversification

The correlation between REX Crypto Equity and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REX Crypto Equity 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 REX Crypto Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with REX Etf

  0.68VTV Vanguard Value IndexPairCorr
  0.66VO Vanguard Mid CapPairCorr
  0.68VIG Vanguard DividendPairCorr
  0.63LCTD BlackRock World exPairCorr
  0.8AIS Tidal Trust IIIPairCorr
  0.64VOO Vanguard SP 500PairCorr
  0.65USPX Franklin Templeton ETFPairCorr

Related Correlations Analysis

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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   
JPMMETA
TMETA
XOMF
JPMT
TUBER
JPMUBER
  
High negative correlations   
MRKT
MRKJPM
MRKUBER
MRKMETA
FMETA
UBERMSFT

REX Crypto Competition Risk-Adjusted Indicators

There is a big difference between REX Etf performing well and REX Crypto 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 REX Crypto'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.31  0.27  0.16  0.57  1.48 
 3.22 
 7.11 
MSFT  1.00 (0.06) 0.00 (0.21) 0.00 
 2.20 
 10.31 
UBER  1.92  0.18  0.06  20.08  2.84 
 4.72 
 12.29 
F  1.36 (0.21) 0.00 (0.28) 0.00 
 2.46 
 10.97 
T  0.95  0.29  0.25  0.57  0.92 
 1.91 
 7.94 
A  1.11  0.07  0.06  0.09  1.12 
 2.81 
 6.12 
CRM  1.46 (0.08) 0.00 (0.11) 0.00 
 3.10 
 15.92 
JPM  0.89  0.15  0.12  0.18  1.12 
 1.92 
 6.85 
MRK  1.20 (0.16) 0.00  0.36  0.00 
 2.43 
 11.57 
XOM  0.94 (0.11) 0.00 (0.22) 0.00 
 1.76 
 5.69