Strategy Shares Correlations

ESSC Etf

USD 27.06 0.14 0.52%

The current 90-days correlation between Strategy Shares and iShares MSCI Japan is 0.05 (i.e., Significant 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.

Strategy Shares Correlation With Market

Average diversification

The correlation between Strategy Shares and DJI is 0.14 (i.e., Average 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 population.

For information on how to trade Strategy Etf refer to our How to Trade Strategy Etf guide.

Moving together with Strategy Etf

0.96	VB	Vanguard Small Cap	Pair Corr
0.92	IJR	iShares Core SP	Pair Corr
0.88	IWM	iShares Russell 2000	Pair Corr
0.68	VRTIX	Vanguard Russell 2000	Pair Corr
0.88	VTWO	Vanguard Russell 2000	Pair Corr
0.98	FNDA	Schwab Fundamental Small	Pair Corr
0.92	SPSM	SPDR Portfolio SP	Pair Corr
0.92	DFAS	Dimensional Small Cap	Pair Corr
0.92	VIOO	Vanguard SP Small	Pair Corr
0.91	PRFZ	Invesco FTSE RAFI	Pair Corr
0.8	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.76	SMH	VanEck Semiconductor ETF	Pair Corr
0.93	JEPI	JPMorgan Equity Premium	Pair Corr
0.85	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.72	MRK	Merck Company	Pair Corr
0.83	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.66	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr

Moving against Strategy Etf

0.6

Procter Gamble Earnings Call This Week

Pair Corr

Related Correlations Analysis

	TMFM	LSAF	KJUL	TPIF	SCJ	DIM	IEUS	ESN
TMFM		0.36	0.43	0.21	0.24	0.33	0.66	0.61	TMFM
LSAF	0.36		0.96	0.96	0.94	0.72	0.66	0.55	LSAF
KJUL	0.43	0.96		0.91	0.9	0.75	0.73	0.62	KJUL
TPIF	0.21	0.96	0.91		0.97	0.7	0.61	0.48	TPIF
SCJ	0.24	0.94	0.9	0.97		0.65	0.58	0.47	SCJ
DIM	0.33	0.72	0.75	0.7	0.65		0.87	0.85	DIM
IEUS	0.66	0.66	0.73	0.61	0.58	0.87		0.92	IEUS
ESN	0.61	0.55	0.62	0.48	0.47	0.85	0.92		ESN
	TMFM	LSAF	KJUL	TPIF	SCJ	DIM	IEUS	ESN

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	(0.13)	0.00	(0.02)	0.00	0.00	1.55	(1.43)	3.65
LSAF	0.68	0.02	0.03	0.13	0.64	(0.76)	1.54	(1.12)	3.74
KJUL	0.38	0.01	(0.08)	0.13	0.35	(0.42)	0.91	(0.83)	2.52
TPIF	0.50	0.06	0.03	0.19	0.44	(0.55)	1.03	(0.99)	2.36
SCJ	0.60	0.08	0.04	0.28	0.61	(0.66)	1.30	(1.20)	3.59
DIM	0.49	0.05	0.00	0.21	0.40	(0.55)	0.98	(0.84)	2.58
IEUS	0.55	0.01	(0.04)	0.13	0.64	(0.56)	1.21	(0.99)	3.04
ESN	0.50	0.01	(0.04)	0.13	0.50	(0.54)	0.94	(0.99)	2.20

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