ProShares Decline Correlations

Etfs . USA . 
Etf . ProShares Decline of
EMTY Etf  USD 13.03  0.33  2.47%   
The current 90-days correlation between ProShares Decline and ProShares Long OnlineShort is -0.13 (i.e., Good diversification). The correlation of ProShares Decline 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.

ProShares Decline Correlation With Market

Excellent diversification

The correlation between ProShares Decline of and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Decline of and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares Decline of. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with ProShares Etf

  0.67SH ProShares Short SP500 Sell-off TrendPairCorr
  0.65PSQ ProShares Short QQQ Sell-off TrendPairCorr
  0.65SPXU ProShares UltraPro ShortPairCorr
  0.65SDS ProShares UltraShortPairCorr
  0.65SPXS Direxion Daily SPPairCorr
  0.64QID ProShares UltraShort QQQ Sell-off TrendPairCorr
  0.73RWM ProShares Short RussPairCorr
  0.68SPDN Direxion Daily SPPairCorr
  0.69DOG ProShares Short Dow30PairCorr

Moving against ProShares Etf

  0.64UPRO ProShares UltraPro SP500PairCorr
  0.6XTAP Innovator Equity AccPairCorr
  0.59QTAP Innovator Growth 100PairCorr
  0.56QTJA Innovator ETFs TrustPairCorr
  0.53XDJA Innovator ETFs TrustPairCorr
  0.52XTJA Innovator ETFs TrustPairCorr
  0.46XTOC Innovator ETFs TrustPairCorr
  0.41QTOC Innovator ETFs TrustPairCorr
  0.31TSJA TSJAPairCorr
  0.63INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.54CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.53HD Home DepotPairCorr
  0.5AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.48MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.47CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.46MSFT MicrosoftPairCorr
  0.45DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.45CSCO Cisco Systems Aggressive PushPairCorr
  0.39WMT Walmart Aggressive PushPairCorr
  0.37BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.36XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.33MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.32IBM International Business Fiscal Year End 22nd of January 2025 PairCorr

Related Correlations Analysis

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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   
REK
+ 0.5
SJB
YXI
+ 0.46
SEF
REK
+ 0.23
CLIX
YXI
+ 0.12
SJB
  
High negative correlations   
YXI
- 0.95
CLIX
SEF
- 0.48
CLIX
SEF
- 0.46
REK
YXI
- 0.31
REK
SJB
- 0.23
CLIX
SEF
- 0.17
SJB

ProShares Decline Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Decline 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 ProShares Decline'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.

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