Democratic Large Correlations

DEMZ Etf

USD 44.22 0.28 0.63%

The current 90-days correlation between Democratic Large Cap and Global X HealthTech is 0.63 (i.e., Poor diversification). The correlation of Democratic Large 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.

Democratic Large Correlation With Market

Very poor diversification

The correlation between Democratic Large Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Democratic Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Democratic Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Democratic Large Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Democratic Etf

0.86	VTI	Vanguard Total Stock	Pair Corr
0.85	SPY	SPDR SP 500	Pair Corr
0.85	IVV	iShares Core SP	Pair Corr
0.75	VIG	Vanguard Dividend	Pair Corr
0.84	VV	Vanguard Large Cap	Pair Corr
0.79	RSP	Invesco SP 500	Pair Corr
0.86	IWB	iShares Russell 1000	Pair Corr
0.83	ESGU	iShares ESG Aware	Pair Corr
0.83	DFAC	Dimensional Core Equity	Pair Corr
0.7	GDXU	MicroSectors Gold Miners	Pair Corr
0.76	MUU	Direxion Daily MU	Pair Corr
0.73	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.76	MULL	GraniteShares 2x Long	Pair Corr
0.7	JNUG	Direxion Daily Junior	Pair Corr
0.79	KORU	Direxion Daily South	Pair Corr
0.69	NUGT	Direxion Daily Gold	Pair Corr
0.67	SHNY	Microsectors Gold Trending	Pair Corr
0.67	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.74	SLVR	Sprott Silver Miners	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.65	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.69	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.64	DIS	Walt Disney Earnings Call This Week	Pair Corr

Moving against Democratic Etf

0.42	HPQ	HP Inc	Pair Corr
0.37	MMM	3M Company	Pair Corr
0.37	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	XUSP	FMET	GAMR	HQGO	KDEF	OCTT	PSR	PSFD	HRTS	HEAL
XUSP		0.4	0.02	0.98	0.54	0.76	0.23	0.63	0.27	0.28	XUSP
FMET	0.4		0.83	0.34	0.18	0.2	0.25	-0.08	-0.59	0.72	FMET
GAMR	0.02	0.83		-0.05	-0.26	-0.32	0.13	-0.58	-0.87	0.69	GAMR
HQGO	0.98	0.34	-0.05		0.47	0.79	0.16	0.68	0.34	0.24	HQGO
KDEF	0.54	0.18	-0.26	0.47		0.67	0.49	0.67	0.36	0.02	KDEF
OCTT	0.76	0.2	-0.32	0.79	0.67		0.25	0.95	0.63	0.0	OCTT
PSR	0.23	0.25	0.13	0.16	0.49	0.25		0.16	0.03	0.4	PSR
PSFD	0.63	-0.08	-0.58	0.68	0.67	0.95	0.16		0.8	-0.23	PSFD
HRTS	0.27	-0.59	-0.87	0.34	0.36	0.63	0.03	0.8		-0.51	HRTS
HEAL	0.28	0.72	0.69	0.24	0.02	0.0	0.4	-0.23	-0.51		HEAL
	XUSP	FMET	GAMR	HQGO	KDEF	OCTT	PSR	PSFD	HRTS	HEAL

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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

HQGO	+ 0.98	XUSP
PSFD	+ 0.95	OCTT
GAMR	+ 0.83	FMET
HRTS	+ 0.8	PSFD
OCTT	+ 0.79	HQGO
OCTT	+ 0.76	XUSP

High negative correlations

HRTS	- 0.87	GAMR
HRTS	- 0.59	FMET
PSFD	- 0.58	GAMR
HEAL	- 0.51	HRTS
OCTT	- 0.32	GAMR
KDEF	- 0.26	GAMR

Democratic Large Constituents Risk-Adjusted Indicators

There is a big difference between Democratic Etf performing well and Democratic Large 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 Democratic Large'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
XUSP	0.76	0.05	0.00	0.37	1.07	(0.68)	1.49	(1.87)	5.23
FMET	0.76	(0.11)	0.00	(0.06)	0.00	0.00	1.37	(2.51)	4.71
GAMR	0.90	(0.18)	0.00	(0.15)	0.00	0.00	1.64	(2.40)	5.53
HQGO	0.64	0.05	(0.01)	0.50	0.84	(0.65)	1.30	(1.50)	4.24
KDEF	2.07	0.36	0.14	0.83	1.99	(2.27)	4.16	(3.09)	9.58
OCTT	0.33	0.00	(0.05)	0.07	0.45	(0.32)	0.62	(0.92)	2.50
PSR	0.55	(0.03)	0.00	(0.51)	0.00	0.00	0.97	(1.32)	3.43
PSFD	0.24	0.03	(0.03)	0.15	0.21	(0.26)	0.53	(0.46)	2.31
HRTS	0.74	0.12	0.13	0.28	0.52	(0.85)	1.88	(1.21)	4.08
HEAL	1.01	(0.17)	0.00	(0.46)	0.00	0.00	2.41	(2.14)	5.92

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