ProShares Equities Correlations

EQRR Etf

USD 59.67 0.06 0.10%

The current 90-days correlation between ProShares Equities for and First Trust Developed is 0.21 (i.e., Modest diversification). The correlation of ProShares Equities 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 Equities Correlation With Market

Very weak diversification

The correlation between ProShares Equities for and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Equities for 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 Equities for. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with ProShares Etf

0.91	VOE	Vanguard Mid Cap	Pair Corr
0.83	SDY	SPDR SP Dividend	Pair Corr
0.9	IWS	iShares Russell Mid	Pair Corr
0.88	SPYD	SPDR Portfolio SP	Pair Corr
0.91	COWZ	Pacer Cash Cows	Pair Corr
0.86	IJJ	iShares SP Mid	Pair Corr
0.88	DON	WisdomTree MidCap	Pair Corr
0.93	RPV	Invesco SP 500	Pair Corr
0.89	PEY	Invesco High Yield	Pair Corr
0.91	PKW	Invesco BuyBack Achievers	Pair Corr
0.89	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.84	VO	Vanguard Mid Cap	Pair Corr
0.81	VB	Vanguard Small Cap	Pair Corr
0.75	BAC	Bank of America	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.72	INTC	Intel Aggressive Push	Pair Corr
0.86	XOM	Exxon Mobil Corp	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.72	VZ	Verizon Communications Sell-off Trend	Pair Corr

Moving against ProShares Etf

0.38

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	FDTS	FTAG	PSET	CSF	FNK
FDTS		0.59	0.66	0.41	0.27	FDTS
FTAG	0.59		0.68	0.57	0.6	FTAG
PSET	0.66	0.68		0.42	0.38	PSET
CSF	0.41	0.57	0.42		0.95	CSF
FNK	0.27	0.6	0.38	0.95		FNK
	FDTS	FTAG	PSET	CSF	FNK

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ProShares Equities Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Equities 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 Equities' 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
FDTS	0.69	0.03	0.04	0.07	0.73	(0.80)	1.55	(1.33)	3.71
FTAG	0.69	0.02	0.02	0.05	1.03	(0.65)	1.57	(1.45)	4.72
PSET	0.68	0.00	0.00	0.01	1.08	(0.61)	1.12	(1.85)	4.16
CSF	0.72	(0.05)	0.00	(0.08)	0.00	0.00	1.63	(1.39)	5.42
FNK	0.72	(0.06)	0.00	(0.08)	0.00	0.00	1.57	(1.29)	5.18

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