Series Portfolios Correlations

CLOX Etf

25.60 0.03 0.12%

The current 90-days correlation between Series Portfolios Trust and iShares Interest Rate is 0.1 (i.e., Average diversification). The correlation of Series Portfolios 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.

Series Portfolios Correlation With Market

Very good diversification

The correlation between Series Portfolios Trust and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Series Portfolios Trust 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 Series Portfolios Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Series Etf

0.96	BIL	SPDR Bloomberg 1	Pair Corr
0.96	SHV	iShares Short Treasury	Pair Corr
0.94	JPST	JPMorgan Ultra Short	Pair Corr
0.96	USFR	WisdomTree Floating Rate	Pair Corr
0.95	ICSH	iShares Ultra Short	Pair Corr
0.95	FTSM	First Trust Enhanced	Pair Corr
0.95	SGOV	iShares 0 3	Pair Corr
0.95	GBIL	Goldman Sachs Access	Pair Corr
0.96	TFLO	iShares Treasury Floating	Pair Corr
0.95	FLRN	SPDR Bloomberg Investment	Pair Corr
0.89	SIXD	AIM ETF Products	Pair Corr
0.68	CEFD	ETRACS Monthly Pay	Pair Corr
0.91	TSJA	TSJA	Pair Corr
0.91	DSJA	DSJA	Pair Corr
0.82	ETH	Grayscale Ethereum Mini	Pair Corr
0.92	EOS	Eaton Vance Enhanced	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.89	DIS	Walt Disney Sell-off Trend	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.93	WMT	Walmart Aggressive Push	Pair Corr
0.9	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.88	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Series Etf

0.87	VIIX	VIIX	Pair Corr
0.87	ULE	ProShares Ultra Euro	Pair Corr
0.82	YCL	ProShares Ultra Yen	Pair Corr
0.8	FXY	Invesco CurrencyShares	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.86	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.86	KO	Coca Cola Aggressive Push	Pair Corr
0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.26	0.55	0.07	0.53	0.05	0.64	0.28	-0.53	0.73	META
MSFT	0.26		0.21	0.17	0.16	-0.01	0.03	-0.11	0.13	-0.2	MSFT
UBER	0.55	0.21		-0.06	-0.09	0.27	-0.03	-0.16	0.09	0.35	UBER
F	0.07	0.17	-0.06		0.28	-0.41	0.5	0.7	-0.37	0.32	F
T	0.53	0.16	-0.09	0.28		-0.5	0.81	0.64	-0.79	0.39	T
A	0.05	-0.01	0.27	-0.41	-0.5		-0.46	-0.6	0.63	0.0	A
CRM	0.64	0.03	-0.03	0.5	0.81	-0.46		0.86	-0.91	0.65	CRM
JPM	0.28	-0.11	-0.16	0.7	0.64	-0.6	0.86		-0.83	0.47	JPM
MRK	-0.53	0.13	0.09	-0.37	-0.79	0.63	-0.91	-0.83		-0.56	MRK
XOM	0.73	-0.2	0.35	0.32	0.39	0.0	0.65	0.47	-0.56		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

JPM	+ 0.86	CRM
CRM	+ 0.81	T
XOM	+ 0.73	META
JPM	+ 0.7	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.79	T
JPM	- 0.6	A
XOM	- 0.56	MRK
MRK	- 0.53	META

Series Portfolios Competition Risk-Adjusted Indicators

There is a big difference between Series Etf performing well and Series Portfolios 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 Series Portfolios' 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	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
UBER	1.61	(0.11)	(0.04)	0.02	2.32	(1.70)	2.69	(2.53)	20.10
F	1.42	(0.15)	(0.04)	0.03	2.23	(1.39)	2.53	(2.90)	11.21
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.06)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.31	0.23	0.18	0.34	1.08	(1.53)	3.18	(1.91)	9.98
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

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