Strategy Shares Correlations
| ESSC Etf | USD 26.54 0.12 0.45% |
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 0.13 (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.
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Moving together with Strategy Etf
| 0.67 | VB | Vanguard Small Cap | PairCorr |
| 0.65 | IJR | iShares Core SP | PairCorr |
| 0.66 | IWM | iShares Russell 2000 | PairCorr |
| 0.69 | VRTIX | Vanguard Russell 2000 | PairCorr |
| 0.66 | VTWO | Vanguard Russell 2000 | PairCorr |
| 0.79 | FNDA | Schwab Fundamental Small | PairCorr |
| 0.65 | SPSM | SPDR Portfolio SP | PairCorr |
| 0.76 | DFAS | Dimensional Small Cap | PairCorr |
| 0.65 | VIOO | Vanguard SP Small | PairCorr |
| 0.75 | PRFZ | Invesco FTSE RAFI | PairCorr |
| 0.74 | SAWS | AAM Sawgrass Small | PairCorr |
| 0.72 | SIXS | 6 Meridian Small | PairCorr |
| 0.78 | FSMD | Fidelity Small Mid | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | |||
| HMAC | 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 | |||
| DHAI | 62.53 | 27.45 | 0.63 | (1.68) | 26.83 | 173.63 | 771.55 | |||
| BITE | 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 | |||
| INKA | 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 |