Democratic Large Correlations

DEMZ Etf

USD 42.66 0.37 0.86%

The current 90-days correlation between Democratic Large Cap and Innovator Uncapped Accelerated is 0.93 (i.e., Almost no 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

Poor diversification

The correlation between Democratic Large Cap and DJI is 0.77 (i.e., 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 industry.

Moving together with Democratic Etf

0.92	VTI	Vanguard Total Stock	Pair Corr
0.92	SPY	SPDR SP 500	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.72	VIG	Vanguard Dividend	Pair Corr
0.92	VV	Vanguard Large Cap	Pair Corr
0.69	RSP	Invesco SP 500	Pair Corr
0.92	IWB	iShares Russell 1000	Pair Corr
0.92	ESGU	iShares ESG Aware	Pair Corr
0.82	DFAC	Dimensional Core Equity	Pair Corr
0.61	FB	ProShares Trust ProShares	Pair Corr
0.93	TOT	Advisor Managed Port	Pair Corr
0.66	DUKH	Ocean Park High	Pair Corr
0.76	QLC	FlexShares Quality Large	Pair Corr
0.74	CSD	Invesco SP Spin	Pair Corr
0.86	QULL	ETRACS 2x Leveraged	Pair Corr
0.71	SCZ	iShares MSCI EAFE	Pair Corr
0.93	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.87	XLK	Technology Select Sector	Pair Corr
0.91	VOO	Vanguard SP 500	Pair Corr
0.84	TJUL	Innovator Etfs Trust	Pair Corr
0.89	QQH	HCM Defender 100	Pair Corr

Moving against Democratic Etf

0.68	VXX	iPath Series B	Pair Corr
0.46	NFLX	Netflix Sell-off Trend	Pair Corr

Related Correlations Analysis

	XUSP	FMET	GAMR	HQGO	KDEF	OCTT	PSR	PSFD	HRTS	HEAL
XUSP		0.22	0.09	0.98	0.19	0.94	-0.01	0.76	0.39	0.01	XUSP
FMET	0.22		0.92	0.14	0.81	-0.01	0.43	-0.36	-0.74	0.83	FMET
GAMR	0.09	0.92		-0.03	0.65	-0.21	0.43	-0.55	-0.78	0.8	GAMR
HQGO	0.98	0.14	-0.03		0.13	0.96	-0.05	0.82	0.45	-0.04	HQGO
KDEF	0.19	0.81	0.65	0.13		0.07	0.23	-0.2	-0.54	0.6	KDEF
OCTT	0.94	-0.01	-0.21	0.96	0.07		-0.09	0.92	0.59	-0.2	OCTT
PSR	-0.01	0.43	0.43	-0.05	0.23	-0.09		-0.29	-0.36	0.56	PSR
PSFD	0.76	-0.36	-0.55	0.82	-0.2	0.92	-0.29		0.82	-0.48	PSFD
HRTS	0.39	-0.74	-0.78	0.45	-0.54	0.59	-0.36	0.82		-0.66	HRTS
HEAL	0.01	0.83	0.8	-0.04	0.6	-0.2	0.56	-0.48	-0.66		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
OCTT	+ 0.96	HQGO
OCTT	+ 0.94	XUSP
GAMR	+ 0.92	FMET
PSFD	+ 0.92	OCTT
HEAL	+ 0.83	FMET

High negative correlations

HRTS	- 0.78	GAMR
HRTS	- 0.74	FMET
HEAL	- 0.66	HRTS
PSFD	- 0.55	GAMR
HRTS	- 0.54	KDEF
HEAL	- 0.48	PSFD

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	0.77	(0.01)	0.00	0.05	1.06	(0.72)	1.56	(1.87)	4.63
FMET	0.90	(0.13)	0.00	(0.04)	0.00	0.00	1.93	(2.51)	5.96
GAMR	1.01	(0.14)	0.00	(0.07)	0.00	0.00	1.88	(2.69)	6.16
HQGO	0.66	(0.02)	(0.02)	0.04	0.93	(0.64)	1.34	(1.50)	3.75
KDEF	2.05	(0.18)	0.00	(0.36)	0.00	0.00	3.68	(4.31)	10.70
OCTT	0.35	0.00	(0.05)	0.06	0.48	(0.35)	0.66	(0.92)	2.02
PSR	0.54	(0.04)	0.00	(0.03)	0.00	0.00	0.97	(1.27)	3.53
PSFD	0.22	0.02	(0.06)	0.12	0.18	(0.24)	0.53	(0.46)	1.59
HRTS	0.71	0.22	0.31	0.37	0.17	(0.84)	1.96	(1.02)	4.31
HEAL	0.98	(0.18)	0.00	(0.09)	0.00	0.00	2.04	(2.13)	6.24

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