ERShares Entrepreneurs Correlations
| ENTRDelisted Etf | USD 18.37 0.27 1.45% |
The current 90-days correlation between ERShares Entrepreneurs and Amtech Systems is -0.2 (i.e., Good diversification). The correlation of ERShares Entrepreneurs 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.
ERShares Entrepreneurs Correlation With Market
Good diversification
The correlation between ERShares Entrepreneurs ETF and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ERShares Entrepreneurs ETF and DJI in the same portfolio, assuming nothing else is changed.
ERShares |
Moving together with ERShares Etf
| 0.77 | VUG | Vanguard Growth Index | PairCorr |
| 0.79 | IWF | iShares Russell 1000 | PairCorr |
| 0.8 | IVW | iShares SP 500 | PairCorr |
| 0.8 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.78 | IUSG | iShares Core SP | PairCorr |
| 0.79 | VONG | Vanguard Russell 1000 | PairCorr |
| 0.79 | MGK | Vanguard Mega Cap | PairCorr |
| 0.79 | VRGWX | Vanguard Russell 1000 | PairCorr |
| 0.74 | QQQM | Invesco NASDAQ 100 | PairCorr |
| 0.81 | IWY | iShares Russell Top | PairCorr |
| 0.92 | DSJA | DSJA | PairCorr |
| 0.89 | RSPY | Tuttle Capital Management | PairCorr |
| 0.82 | MEME | Roundhill Investments | PairCorr |
| 0.84 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.79 | WMT | Walmart | PairCorr |
| 0.7 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against ERShares Etf
| 0.91 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.89 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.75 | INTC | Intel Earnings Call Today | PairCorr |
| 0.63 | AA | Alcoa Corp | PairCorr |
| 0.62 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.43 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| -0.27 | -0.11 | -0.3 | -0.31 | RBCN | ||
| -0.27 | -0.36 | 0.22 | 0.49 | EWBC | ||
| -0.11 | -0.36 | 0.05 | 0.13 | GSIT | ||
| -0.3 | 0.22 | 0.05 | 0.23 | ASYS | ||
| -0.31 | 0.49 | 0.13 | 0.23 | ENTG | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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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ERShares Entrepreneurs Constituents Risk-Adjusted Indicators
There is a big difference between ERShares Etf performing well and ERShares Entrepreneurs 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 ERShares Entrepreneurs' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RBCN | 5.29 | (0.23) | 0.00 | 0.34 | 0.00 | 9.43 | 26.34 | |||
| EWBC | 1.54 | 0.18 | 0.09 | 0.43 | 1.69 | 3.93 | 14.74 | |||
| GSIT | 4.67 | 0.05 | 0.01 | 0.09 | 4.95 | 8.14 | 54.52 | |||
| ASYS | 1.57 | (0.09) | 0.00 | (4.68) | 0.00 | 3.48 | 15.64 | |||
| ENTG | 1.80 | 0.08 | 0.02 | 0.28 | 2.41 | 2.99 | 11.80 |
Delisting Warning - ENTR
ERShares Entrepreneurs was delisted
| The entity ERShares Entrepreneurs ETF with a symbol ENTR was delisted from NASDAQ Exchange. Please try SPDR BOFA MERRILL with a symbol XOVR from now on. Check all delisted instruments accross multiple markets. |
Still Interested in ERShares Entrepreneurs ETF?
Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.