Eventide Market Correlations

EUSMDelisted Etf

26.81 0.14 0.52%

The current 90-days correlation between Eventide Market ETF and BMO Dividend ETF is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eventide Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eventide Market ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eventide Market Correlation With Market

Poor diversification

The correlation between Eventide Market ETF and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eventide Market ETF and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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.

Moving together with Eventide Etf

0.62	VTI	Vanguard Total Stock	Pair Corr
0.77	VIG	Vanguard Dividend	Pair Corr
0.77	RSP	Invesco SP 500 Aggressive Push	Pair Corr
0.75	DFAC	Dimensional Core Equity	Pair Corr
0.8	SPLG	SSgA Symbol Change	Pair Corr
0.74	WTMF	WisdomTree Managed	Pair Corr
0.86	EWC	iShares MSCI Canada	Pair Corr
0.61	TOT	Advisor Managed Port	Pair Corr
0.69	RDIV	Invesco SP Ultra	Pair Corr
0.83	AHYB	American Century ETF	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.71	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.85	MRK	Merck Company Aggressive Push	Pair Corr
0.73	MCD	McDonalds Earnings Call This Week	Pair Corr

Moving against Eventide Etf

0.61	ARKW	ARK Next Generation	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.63	HPQ	HP Inc Aggressive Push	Pair Corr
0.37	MMM	3M Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.21	-0.28	0.35	0.07	-0.51	0.08	0.24	0.28	0.37	META
MSFT	-0.21		0.72	-0.55	-0.07	0.43	0.56	0.03	-0.79	-0.79	MSFT
UBER	-0.28	0.72		-0.49	0.14	0.55	0.16	-0.16	-0.79	-0.55	UBER
F	0.35	-0.55	-0.49		-0.36	-0.31	-0.06	0.38	0.7	0.65	F
T	0.07	-0.07	0.14	-0.36		0.25	-0.42	-0.21	-0.15	-0.08	T
A	-0.51	0.43	0.55	-0.31	0.25		0.06	-0.05	-0.37	-0.6	A
CRM	0.08	0.56	0.16	-0.06	-0.42	0.06		0.64	-0.24	-0.59	CRM
JPM	0.24	0.03	-0.16	0.38	-0.21	-0.05	0.64		0.25	-0.14	JPM
MRK	0.28	-0.79	-0.79	0.7	-0.15	-0.37	-0.24	0.25		0.7	MRK
XOM	0.37	-0.79	-0.55	0.65	-0.08	-0.6	-0.59	-0.14	0.7		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

UBER	+ 0.72	MSFT
MRK	+ 0.7	F
XOM	+ 0.7	MRK
XOM	+ 0.65	F
JPM	+ 0.64	CRM
CRM	+ 0.56	MSFT

High negative correlations

MRK	- 0.79	UBER
XOM	- 0.79	MSFT
MRK	- 0.79	MSFT
XOM	- 0.6	A
XOM	- 0.59	CRM
XOM	- 0.55	UBER

Eventide Market Competition Risk-Adjusted Indicators

There is a big difference between Eventide Etf performing well and Eventide Market 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 Eventide Market's 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	1.66	(0.15)	0.00	(0.10)	0.00	0.00	3.43	(2.72)	13.36
MSFT	1.26	(0.41)	0.00	(2.17)	0.00	0.00	1.78	(2.74)	13.28
UBER	1.51	(0.33)	0.00	(0.37)	0.00	0.00	2.46	(3.82)	10.23
F	1.23	0.03	0.02	0.07	1.22	(1.48)	3.38	(2.35)	7.16
T	0.95	0.11	0.07	0.54	0.94	(1.05)	2.02	(1.76)	4.31
A	1.21	(0.17)	0.00	(0.09)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.65	(0.40)	0.00	(0.33)	0.00	0.00	2.94	(5.31)	12.37
JPM	1.13	0.00	0.01	0.04	1.63	(1.16)	2.18	(3.11)	7.38
MRK	1.30	0.43	0.30	0.61	1.09	(1.61)	3.59	(1.98)	8.09
XOM	1.14	0.33	0.22	(21.90)	0.99	(1.33)	2.41	(2.11)	5.85

Delisting Warning - EUSM

Eventide Market ETF was delisted

The entity Eventide Market ETF with a symbol EUSM was delisted from NYSE ARCA Exchange. Please try Strategy Shares with a symbol ESUM from now on. Check all delisted instruments accross multiple markets.

Still Interested in Eventide Market ETF?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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