Tidal Trust Correlations

CRSH Etf

6.00 0.17 2.92%

The correlation of Tidal Trust 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.

Tidal Trust Correlation With Market

Good diversification

The correlation between Tidal Trust II 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 Tidal Trust II 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 Tidal Trust II. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Tidal Etf

0.62	KNG	FT Cboe Vest	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.69	INTC	Intel	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr
0.7	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr

Moving against Tidal Etf

0.68	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.67	XYLD	Global X SP	Pair Corr
0.65	NUSI	NEOS ETF Trust	Pair Corr
0.56	BUYW	Main Buywrite ETF	Pair Corr
0.51	MSFT	Microsoft Downward Rally	Pair Corr
0.39	AMPD	Tidal Trust II	Pair Corr
0.52	VZ	Verizon Communications	Pair Corr
0.42	IBM	International Business Upward Rally	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.36	-0.36	-0.5	0.24	0.77	0.4	0.13	-0.02	-0.28	META
MSFT	0.36		-0.58	-0.32	0.48	0.2	0.55	0.3	0.05	-0.46	MSFT
UBER	-0.36	-0.58		0.74	-0.19	-0.01	-0.47	0.06	-0.05	0.77	UBER
F	-0.5	-0.32	0.74		0.06	-0.31	-0.16	0.03	-0.01	0.87	F
T	0.24	0.48	-0.19	0.06		0.11	0.51	0.59	0.1	-0.17	T
A	0.77	0.2	-0.01	-0.31	0.11		0.1	0.26	-0.03	-0.17	A
CRM	0.4	0.55	-0.47	-0.16	0.51	0.1		0.0	0.18	-0.16	CRM
JPM	0.13	0.3	0.06	0.03	0.59	0.26	0.0		-0.27	-0.24	JPM
MRK	-0.02	0.05	-0.05	-0.01	0.1	-0.03	0.18	-0.27		-0.01	MRK
XOM	-0.28	-0.46	0.77	0.87	-0.17	-0.17	-0.16	-0.24	-0.01		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

XOM	+ 0.87	F
A	+ 0.77	META
XOM	+ 0.77	UBER
F	+ 0.74	UBER
JPM	+ 0.59	T
CRM	+ 0.55	MSFT

High negative correlations

UBER	- 0.58	MSFT
F	- 0.5	META
CRM	- 0.47	UBER
XOM	- 0.46	MSFT
UBER	- 0.36	META
F	- 0.32	MSFT

Tidal Trust Competition Risk-Adjusted Indicators

There is a big difference between Tidal Etf performing well and Tidal Trust 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 Tidal Trust'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
META	1.39	0.31	0.17	0.79	1.22	(1.63)	3.43	(1.95)	7.43
MSFT	1.12	(0.03)	0.00	(0.42)	0.00	0.00	2.20	(2.79)	7.31
UBER	1.46	(0.19)	0.00	(0.30)	0.00	0.00	2.67	(2.53)	12.29
F	1.33	(0.08)	(0.05)	0.00	1.73	(1.43)	2.46	(2.89)	9.39
T	1.00	0.10	0.04	0.30	1.08	(1.12)	1.91	(1.84)	7.94
A	1.15	0.13	0.04	1.36	1.14	(1.37)	2.81	(2.16)	5.70
CRM	1.55	0.28	0.13	0.81	1.42	(1.88)	3.96	(2.95)	14.80
JPM	1.05	0.25	0.15	0.96	1.05	(1.23)	1.92	(1.42)	15.87
MRK	1.03	(0.03)	0.00	1.47	0.00	0.00	2.00	(2.13)	5.24
XOM	0.82	(0.16)	0.00	(0.28)	0.00	0.00	1.71	(1.74)	6.06

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