Strategy Shares Correlations

ESLV Etf

26.30 0.06 0.23%

The current 90-days correlation between Strategy Shares and The RBB Fund is 0.75 (i.e., Poor diversification). The correlation of Strategy Shares 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.

Strategy Shares Correlation With Market

Poor diversification

The correlation between Strategy Shares and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy Shares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Strategy Etf

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

For more information on how to buy Strategy Etf please use our How to Invest in Strategy Shares guide.

Moving together with Strategy Etf

0.99	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.95	VYM	Vanguard High Dividend	Pair Corr
0.97	IWD	iShares Russell 1000 Sell-off Trend	Pair Corr
0.97	DGRO	iShares Core Dividend	Pair Corr
0.94	IVE	iShares SP 500	Pair Corr
0.94	SPYV	SPDR Portfolio SP	Pair Corr
0.95	IUSV	iShares Core SP	Pair Corr
0.97	NOBL	ProShares SP 500	Pair Corr
0.95	FNDX	Schwab Fundamental Large	Pair Corr
0.92	VLUE	iShares MSCI USA	Pair Corr
0.95	LENS	Sarmaya Thematic ETF	Pair Corr
0.9	ASA	ASA Gold	Pair Corr
0.91	MAPP	Harbor ETF Trust	Pair Corr
0.67	WNTR	YieldMax MSTR Short	Pair Corr
0.98	SNPD	DBX ETF Trust	Pair Corr
0.93	INOV	Innovator ETFs Trust	Pair Corr
0.98	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.73	CAT	Caterpillar Sell-off Trend	Pair Corr
0.78	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.85	MRK	Merck Company	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.74	BA	Boeing Sell-off Trend	Pair Corr
0.93	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.85	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against Strategy Etf

0.7	SWIN	Alps Symbol Change	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.58	T	ATT Inc	Pair Corr

Related Correlations Analysis

	TMFM	KJUL	ETHO	AESR	GDMA	IBUY	MGMT	TPIF	RSPM
TMFM		0.45	0.41	0.43	0.41	0.75	0.45	0.26	0.34	TMFM
KJUL	0.45		0.98	0.61	0.82	0.85	0.97	0.92	0.92	KJUL
ETHO	0.41	0.98		0.66	0.78	0.85	0.95	0.92	0.89	ETHO
AESR	0.43	0.61	0.66		0.49	0.63	0.59	0.52	0.49	AESR
GDMA	0.41	0.82	0.78	0.49		0.71	0.86	0.87	0.9	GDMA
IBUY	0.75	0.85	0.85	0.63	0.71		0.82	0.75	0.73	IBUY
MGMT	0.45	0.97	0.95	0.59	0.86	0.82		0.9	0.92	MGMT
TPIF	0.26	0.92	0.92	0.52	0.87	0.75	0.9		0.95	TPIF
RSPM	0.34	0.92	0.89	0.49	0.9	0.73	0.92	0.95		RSPM
	TMFM	KJUL	ETHO	AESR	GDMA	IBUY	MGMT	TPIF	RSPM

Strategy Shares Constituents Risk-Adjusted Indicators

There is a big difference between Strategy Etf performing well and Strategy Shares 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 Strategy Shares' 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
TMFM	0.78	(0.14)	0.00	(0.04)	0.00	0.00	1.55	(1.43)	3.65
KJUL	0.36	0.01	(0.08)	0.10	0.38	(0.39)	0.77	(0.83)	2.09
ETHO	0.78	0.01	0.02	0.10	0.84	(0.81)	1.69	(1.66)	4.26
AESR	1.35	(0.06)	0.01	0.06	3.56	(1.39)	1.32	(2.10)	42.89
GDMA	0.52	0.09	0.07	0.25	0.39	(0.61)	1.30	(0.94)	2.85
IBUY	0.95	(0.09)	(0.05)	0.02	1.35	(0.90)	2.21	(2.29)	5.68
MGMT	0.82	0.06	0.06	0.14	0.80	(0.93)	2.12	(1.69)	4.25
TPIF	0.48	0.06	0.04	0.17	0.46	(0.52)	1.03	(0.99)	2.36
RSPM	0.84	0.10	0.11	0.18	0.72	(0.95)	2.09	(1.65)	4.25

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