Strategy Shares Correlations

ESSC Etf

USD 27.30 0.13 0.48%

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

Almost no diversification

The correlation between Strategy Shares and DJI is 0.92 (i.e., Almost no 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 main economic indicators.

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

Moving together with Strategy Etf

0.97	VB	Vanguard Small Cap Sell-off Trend	Pair Corr
0.94	IJR	iShares Core SP	Pair Corr
0.98	IWM	iShares Russell 2000	Pair Corr
0.98	VRTIX	Vanguard Russell 2000	Pair Corr
0.98	VTWO	Vanguard Russell 2000	Pair Corr
0.98	FNDA	Schwab Fundamental Small	Pair Corr
0.98	SPSM	SPDR Portfolio SP	Pair Corr
0.99	DFAS	Dimensional Small Cap	Pair Corr
0.98	VIOO	Vanguard SP Small	Pair Corr
0.99	PRFZ	Invesco FTSE RAFI	Pair Corr
0.76	MUU	Direxion Daily MU	Pair Corr
0.76	MULL	GraniteShares 2x Long	Pair Corr
0.78	AGQ	ProShares Ultra Silver	Pair Corr
0.88	JNUG	Direxion Daily Junior	Pair Corr
0.84	GDXU	MicroSectors Gold Miners	Pair Corr
0.72	KORU	Direxion Daily South	Pair Corr
0.87	NUGT	Direxion Daily Gold	Pair Corr
0.77	SHNY	Microsectors Gold	Pair Corr
0.9	SIL	Global X Silver	Pair Corr
0.85	SIVR	abrdn Physical Silver	Pair Corr
0.94	AHYB	American Century ETF	Pair Corr
0.86	RDIV	Invesco SP Ultra	Pair Corr
0.91	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.98	OASC	OneAscent Small Cap	Pair Corr
0.93	VBK	Vanguard Small Cap	Pair Corr
0.82	MRK	Merck Company Aggressive Push	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.89	AA	Alcoa Corp Downward Rally	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr

Moving against Strategy Etf

0.66	HPQ	HP Inc Aggressive Push	Pair Corr
0.43	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	FTII	HMAC	OLIT	DHAI	BITE	PGRW	INKA	RACY
FTII		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FTII
HMAC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HMAC
OLIT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	OLIT
DHAI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	DHAI
BITE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BITE
PGRW	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PGRW
INKA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	INKA
RACY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RACY
	FTII	HMAC	OLIT	DHAI	BITE	PGRW	INKA	RACY

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

HMAC	+ 0.0	FTII
OLIT	+ 0.0	FTII
DHAI	+ 0.0	FTII
BITE	+ 0.0	FTII
PGRW	+ 0.0	FTII
INKA	+ 0.0	FTII

High negative correlations

RACY	- 0.0	INKA
RACY	- 0.0	PGRW
INKA	- 0.0	PGRW
RACY	- 0.0	BITE
INKA	- 0.0	BITE
PGRW	- 0.0	BITE

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
FTII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMAC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OLIT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DHAI	75.30	33.22	0.72	2.76	28.15	(131.83)	320.00	(76.19)	976.19
BITE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGRW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INKA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RACY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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