DOJE Correlations
| DOJE Etf | 9.46 0.38 4.19% |
The current 90-days correlation between DOJE and Grayscale Ethereum Covered is -0.17 (i.e., Good diversification). The correlation of DOJE 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.
DOJE Correlation With Market
Excellent diversification
The correlation between DOJE and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DOJE and DJI in the same portfolio, assuming nothing else is changed.
Moving together with DOJE Etf
Moving against DOJE Etf
| 0.84 | DFSD | Dimensional ETF Trust | PairCorr |
| 0.82 | VTV | Vanguard Value Index | PairCorr |
| 0.79 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.77 | FIDU | Fidelity MSCI Industrials | PairCorr |
| 0.72 | AMPD | Tidal ETF Services | PairCorr |
| 0.71 | CPST | Calamos ETF Trust | PairCorr |
| 0.67 | VB | Vanguard Small Cap | PairCorr |
| 0.66 | ITWO | Proshares Russell 2000 | PairCorr |
| 0.64 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.64 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.6 | VO | Vanguard Mid Cap Sell-off Trend | PairCorr |
| 0.54 | ELON | Battleshares TSLA | PairCorr |
| 0.43 | VTI | Vanguard Total Stock | PairCorr |
| 0.4 | SPY | SPDR SP 500 | PairCorr |
| 0.4 | IVV | iShares Core SP | PairCorr |
| 0.85 | REGL | ProShares SP MidCap | PairCorr |
| 0.79 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.79 | XFIX | Fm Investments Symbol Change | PairCorr |
| 0.78 | BMVP | Invesco Bloomberg MVP | PairCorr |
| 0.78 | TAXT | Northern Trust Tax | PairCorr |
| 0.76 | NULV | Nuveen ESG Large | PairCorr |
| 0.73 | PCEM | Litman Gregory Funds | PairCorr |
| 0.72 | IQSZ | Invesco Actively Managed | PairCorr |
| 0.71 | ESML | iShares ESG Aware | PairCorr |
| 0.68 | NBCE | Neuberger Berman ETF | PairCorr |
| 0.63 | SIXJ | AIM ETF Products | PairCorr |
| 0.63 | FB | ProShares Trust ProShares | PairCorr |
| 0.62 | PFF | iShares Preferred | PairCorr |
| 0.62 | WDNA | WisdomTree BioRevolution | PairCorr |
| 0.51 | GPT | Intelligent Alpha Atlas Symbol Change | PairCorr |
| 0.36 | IBTM | iShares iBonds Dec | PairCorr |
| 0.86 | DOGG | First Trust Exchange Low Volatility | PairCorr |
| 0.85 | LVHI | Franklin International Low Volatility | PairCorr |
| 0.83 | SPVM | Invesco SP 500 | PairCorr |
| 0.78 | SCDV | ETF Series Solutions | PairCorr |
| 0.75 | STXE | EA Series Trust | PairCorr |
| 0.75 | IAUM | iShares Gold Trust | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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DOJE Competition Risk-Adjusted Indicators
There is a big difference between DOJE Etf performing well and DOJE 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 DOJE'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 | 1.50 | 0.02 | 0.00 | 0.07 | 1.52 | 3.43 | 13.69 | |||
| MSFT | 1.32 | (0.38) | 0.00 | (1.03) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.51 | (0.44) | 0.00 | (0.83) | 0.00 | 2.41 | 11.09 | |||
| F | 1.21 | 0.07 | 0.05 | 0.13 | 1.18 | 3.34 | 7.16 | |||
| T | 1.00 | 0.21 | 0.17 | 6.48 | 0.77 | 3.87 | 5.31 | |||
| A | 1.25 | (0.33) | 0.00 | (0.22) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.71 | (0.45) | 0.00 | (0.42) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.27 | (0.10) | 0.00 | (0.02) | 0.00 | 2.34 | 7.38 | |||
| MRK | 1.29 | 0.43 | 0.31 | 0.78 | 1.00 | 2.93 | 8.74 | |||
| XOM | 1.25 | 0.32 | 0.20 | 1.60 | 1.14 | 2.68 | 6.83 |