Strategy Shares Correlations

ESUM Etf

27.59 0.00 0.00%

The current 90-days correlation between Strategy Shares and Invesco SP SmallCap is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Strategy Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Strategy Shares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Strategy Shares Correlation With Market

Poor diversification

The correlation between Strategy Shares and DJI is 0.78 (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 manufacturing.

To learn how to invest in Strategy Etf, please use our How to Invest in Strategy Shares guide.

Moving together with Strategy Etf

0.92	VTI	Vanguard Total Stock	Pair Corr
0.89	SPY	SPDR SP 500	Pair Corr
0.89	IVV	iShares Core SP	Pair Corr
0.63	VTV	Vanguard Value Index	Pair Corr
0.84	VO	Vanguard Mid Cap	Pair Corr
0.68	VEA	Vanguard FTSE Developed Sell-off Trend	Pair Corr
0.81	VB	Vanguard Small Cap	Pair Corr
0.82	ITWO	Proshares Russell 2000	Pair Corr
0.79	CPST	Calamos ETF Trust	Pair Corr
0.74	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.66	CCNR	CoreCommodity Natural	Pair Corr
0.64	PID	Invesco International	Pair Corr
0.71	DFE	WisdomTree Europe	Pair Corr
0.71	HEEM	iShares Currency Hedged	Pair Corr
0.73	CFA	VictoryShares 500	Pair Corr
0.69	ESGD	iShares ESG Aware	Pair Corr
0.72	AUMI	Themes Gold Miners	Pair Corr
0.62	STXV	EA Series Trust	Pair Corr
0.79	QTAP	Innovator Growth 100	Pair Corr
0.87	PDEC	Innovator SP 500	Pair Corr
0.68	IJS	iShares SP Small	Pair Corr
0.62	LALT	Invesco Multi Strategy	Pair Corr
0.88	GOCT	FT Cboe Vest	Pair Corr
0.61	MEXX	Direxion Daily MSCI	Pair Corr
0.7	ILOW	AB Active ETFs	Pair Corr
0.64	RHRX	Starboard Investment	Pair Corr
0.86	BDEC	Innovator SP 500	Pair Corr
0.78	DIA	SPDR Dow Jones	Pair Corr
0.79	EAFG	Pacer Funds Trust	Pair Corr

Moving against Strategy Etf

0.59	MPAY	Exchange Traded Concepts	Pair Corr
0.49	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.12	-0.14	0.13	0.12	-0.31	-0.04	0.23	0.08	0.21	META
MSFT	-0.12		0.84	-0.65	-0.86	0.8	0.93	0.33	-0.91	-0.94	MSFT
UBER	-0.14	0.84		-0.57	-0.77	0.85	0.75	0.19	-0.81	-0.83	UBER
F	0.13	-0.65	-0.57		0.41	-0.59	-0.51	-0.05	0.75	0.7	F
T	0.12	-0.86	-0.77	0.41		-0.65	-0.84	-0.29	0.75	0.76	T
A	-0.31	0.8	0.85	-0.59	-0.65		0.67	0.2	-0.75	-0.84	A
CRM	-0.04	0.93	0.75	-0.51	-0.84	0.67		0.53	-0.82	-0.9	CRM
JPM	0.23	0.33	0.19	-0.05	-0.29	0.2	0.53		-0.13	-0.32	JPM
MRK	0.08	-0.91	-0.81	0.75	0.75	-0.75	-0.82	-0.13		0.92	MRK
XOM	0.21	-0.94	-0.83	0.7	0.76	-0.84	-0.9	-0.32	0.92		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.93	MSFT
XOM	+ 0.92	MRK
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.8	MSFT
XOM	+ 0.76	T

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.91	MSFT
XOM	- 0.9	CRM
T	- 0.86	MSFT
XOM	- 0.84	A
CRM	- 0.84	T

Strategy Shares Competition 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
META	1.54	0.08	0.04	0.17	1.53	(1.74)	3.43	(2.81)	13.69
MSFT	1.33	(0.31)	0.00	(0.50)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.56	(0.19)	0.00	(0.30)	0.00	0.00	2.70	(3.82)	11.09
F	1.22	0.09	0.07	0.17	1.05	(1.50)	3.61	(2.22)	7.50
T	1.05	0.15	0.05	(0.64)	0.99	(1.22)	3.87	(1.76)	7.44
A	1.24	(0.41)	0.00	(0.32)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.80	(0.30)	0.00	(0.18)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.27	(0.11)	(0.03)	0.01	1.83	(1.30)	2.34	(3.11)	8.17
MRK	1.27	0.33	0.20	0.72	1.10	(1.42)	2.81	(2.06)	8.74
XOM	1.32	0.41	0.23	12.19	1.09	(1.57)	2.90	(2.44)	6.83

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