EntrepreneurShares Correlations

ENTR Etf

USD 20.51 0.05 0.24%

The current 90-days correlation between EntrepreneurShares and Vanguard Small Cap Growth is -0.15 (i.e., Good diversification). The correlation of EntrepreneurShares 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.

EntrepreneurShares Correlation With Market

Excellent diversification

The correlation between EntrepreneurShares and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EntrepreneurShares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EntrepreneurShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against EntrepreneurShares Etf

0.67	MUU	Direxion Daily MU	Pair Corr
0.67	MULL	GraniteShares 2x Long	Pair Corr
0.63	KORU	Direxion Daily South	Pair Corr
0.63	NUGT	Direxion Daily Gold	Pair Corr
0.61	JNUG	Direxion Daily Junior	Pair Corr
0.59	GDXU	MicroSectors Gold Miners Upward Rally	Pair Corr
0.55	AGQ	ProShares Ultra Silver	Pair Corr
0.48	FNGD	MicroSectors FANG Index	Pair Corr
0.32	IUSG	iShares Core SP	Pair Corr
0.32	QQQM	Invesco NASDAQ 100	Pair Corr
0.75	TLCI	Touchstone ETF Trust	Pair Corr
0.74	NBCE	Neuberger Berman ETF	Pair Corr
0.7	WDNA	WisdomTree BioRevolution	Pair Corr
0.7	FIDU	Fidelity MSCI Industrials	Pair Corr
0.69	NULV	Nuveen ESG Large	Pair Corr
0.68	PCEM	Litman Gregory Funds	Pair Corr
0.66	CCNR	CoreCommodity Natural	Pair Corr
0.66	XFIX	Fm Investments Symbol Change	Pair Corr
0.66	XYLD	Global X SP	Pair Corr
0.62	REGL	ProShares SP MidCap	Pair Corr
0.61	SPVM	Invesco SP 500	Pair Corr
0.6	LVHI	Franklin International	Pair Corr
0.58	IAUM	iShares Gold Trust	Pair Corr
0.57	DBA	Invesco DB Agriculture	Pair Corr
0.52	SHNY	Microsectors Gold	Pair Corr
0.5	BWET	ETF Managers Group	Pair Corr
0.41	DOGG	First Trust Exchange	Pair Corr
0.72	TAXT	Northern Trust Tax	Pair Corr
0.71	CHPS	Xtrackers Semiconductor	Pair Corr
0.71	BSMS	Invesco BulletShares 2028	Pair Corr
0.7	FB	ProShares Trust ProShares	Pair Corr

Related Correlations Analysis

	VSGIX	VBK	SPYG	MGK	IVE	VOT	VDIGX	IWR	VMGIX	IWB
VSGIX		1.0	0.55	0.04	0.85	0.38	0.85	0.94	0.38	0.91	VSGIX
VBK	1.0		0.55	0.04	0.85	0.38	0.84	0.94	0.38	0.91	VBK
SPYG	0.55	0.55		0.81	0.25	0.83	0.45	0.35	0.83	0.74	SPYG
MGK	0.04	0.04	0.81		-0.3	0.87	-0.03	-0.21	0.87	0.27	MGK
IVE	0.85	0.85	0.25	-0.3		-0.01	0.9	0.97	-0.02	0.83	IVE
VOT	0.38	0.38	0.83	0.87	-0.01		0.21	0.14	1.0	0.49	VOT
VDIGX	0.85	0.84	0.45	-0.03	0.9	0.21		0.9	0.21	0.88	VDIGX
IWR	0.94	0.94	0.35	-0.21	0.97	0.14	0.9		0.13	0.87	IWR
VMGIX	0.38	0.38	0.83	0.87	-0.02	1.0	0.21	0.13		0.49	VMGIX
IWB	0.91	0.91	0.74	0.27	0.83	0.49	0.88	0.87	0.49		IWB
	VSGIX	VBK	SPYG	MGK	IVE	VOT	VDIGX	IWR	VMGIX	IWB

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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

VBK	+ 1.0	VSGIX
VMGIX	+ 1.0	VOT
IWR	+ 0.97	IVE
IWR	+ 0.94	VSGIX
IWR	+ 0.94	VBK
IWB	+ 0.91	VSGIX

High negative correlations

IVE	- 0.3	MGK
IWR	- 0.21	MGK
VDIGX	- 0.03	MGK
VMGIX	- 0.02	IVE
VOT	- 0.01	IVE

EntrepreneurShares Constituents Risk-Adjusted Indicators

There is a big difference between EntrepreneurShares Etf performing well and EntrepreneurShares 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 EntrepreneurShares' 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
VSGIX	0.99	(0.01)	0.00	0.05	1.12	(1.15)	2.00	(1.88)	6.42
VBK	0.97	(0.01)	0.00	0.05	1.12	(1.13)	1.97	(1.96)	6.32
SPYG	0.75	(0.11)	0.00	(0.09)	0.00	0.00	1.22	(1.77)	5.81
MGK	0.76	(0.17)	0.00	(0.18)	0.00	0.00	1.33	(1.98)	5.12
IVE	0.52	0.03	0.03	0.10	0.52	(0.58)	1.05	(1.06)	3.06
VOT	0.77	(0.14)	0.00	(0.08)	0.00	0.00	1.40	(1.92)	4.76
VDIGX	0.50	0.01	(0.01)	0.08	0.49	(0.55)	1.12	(0.84)	3.27
IWR	0.65	0.03	0.03	0.09	0.75	(0.68)	1.61	(1.54)	4.18
VMGIX	0.78	(0.14)	0.00	(0.08)	0.00	0.00	1.40	(1.92)	4.96
IWB	0.56	(0.05)	(0.07)	0.00	0.79	(0.55)	1.06	(1.57)	3.61

EntrepreneurShares Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EntrepreneurShares etf to make a market-neutral strategy. Peer analysis of EntrepreneurShares could also be used in its relative valuation, which is a method of valuing EntrepreneurShares by comparing valuation metrics with similar companies.

Vanguard Small Cap Growth Vanguard Small Cap Growth SPDR Portfolio SP Vanguard Mega Cap iShares SP 500 Vanguard Mid Cap Growth Vanguard Dividend Growth iShares Russell Mid Cap Vanguard Mid Cap Growth iShares Russell 1000 American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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