Roundhill Correlations

COSW Etf

42.25 0.31 0.74%

The current 90-days correlation between Roundhill T WeeklyPay and STKd 100 percent is 0.06 (i.e., Significant diversification). The correlation of Roundhill 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.

Roundhill Correlation With Market

Good diversification

The correlation between Roundhill T WeeklyPay and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roundhill T WeeklyPay and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Roundhill Etf

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

Moving together with Roundhill Etf

0.62	IBM	International Business	Pair Corr
0.73	MMM	3M Company	Pair Corr

Moving against Roundhill Etf

0.44	T	ATT Inc	Pair Corr
0.52	BA	Boeing	Pair Corr
0.36	HD	Home Depot	Pair Corr

Related Correlations Analysis

	SPCY	ZSC	ARVR	MKTN	EMTY	QB	CSCS	APED	IBGK
SPCY		-0.5	0.83	-0.75	-0.53	-0.55	0.79	0.91	0.44	SPCY
ZSC	-0.5		-0.39	0.26	0.67	0.72	-0.77	-0.72	0.09	ZSC
ARVR	0.83	-0.39		-0.58	-0.71	-0.3	0.6	0.79	0.32	ARVR
MKTN	-0.75	0.26	-0.58		0.39	0.5	-0.57	-0.67	-0.57	MKTN
EMTY	-0.53	0.67	-0.71	0.39		0.49	-0.63	-0.66	-0.13	EMTY
QB	-0.55	0.72	-0.3	0.5	0.49		-0.8	-0.73	-0.01	QB
CSCS	0.79	-0.77	0.6	-0.57	-0.63	-0.8		0.91	0.23	CSCS
APED	0.91	-0.72	0.79	-0.67	-0.66	-0.73	0.91		0.22	APED
IBGK	0.44	0.09	0.32	-0.57	-0.13	-0.01	0.23	0.22		IBGK
	SPCY	ZSC	ARVR	MKTN	EMTY	QB	CSCS	APED	IBGK

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

APED	+ 0.91	SPCY
APED	+ 0.91	CSCS
ARVR	+ 0.83	SPCY
CSCS	+ 0.79	SPCY
APED	+ 0.79	ARVR
QB	+ 0.72	ZSC

High negative correlations

CSCS	- 0.8	QB
CSCS	- 0.77	ZSC
MKTN	- 0.75	SPCY
APED	- 0.73	QB
APED	- 0.72	ZSC
EMTY	- 0.71	ARVR

Roundhill Constituents Risk-Adjusted Indicators

There is a big difference between Roundhill Etf performing well and Roundhill 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 Roundhill'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
SPCY	4.25	(0.67)	0.00	(0.18)	0.00	0.00	8.75	(10.25)	23.46
ZSC	0.63	0.17	0.11	(0.99)	0.63	(0.72)	1.36	(1.03)	5.80
ARVR	0.91	(0.11)	0.00	(0.03)	0.00	0.00	1.65	(2.25)	5.90
MKTN	0.28	0.04	(0.03)	0.44	0.25	(0.34)	0.83	(0.59)	1.60
EMTY	0.83	0.13	0.01	(0.07)	1.18	(0.84)	1.84	(2.12)	5.60
QB	0.28	0.01	(0.07)	0.09	0.28	(0.38)	0.73	(0.54)	2.46
CSCS	1.05	(0.18)	0.00	0.50	0.00	0.00	2.08	(1.89)	7.45
APED	6.40	(1.82)	0.00	(0.34)	0.00	0.00	10.78	(13.79)	30.49
IBGK	0.38	(0.02)	0.00	(1.46)	0.00	0.00	0.74	(0.93)	2.63

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