SMI 3Fourteen Correlations
FCTE Etf | 27.05 0.11 0.41% |
The current 90-days correlation between SMI 3Fourteen Full and Freedom Day Dividend is 0.68 (i.e., Poor diversification). The correlation of SMI 3Fourteen 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.
SMI 3Fourteen Correlation With Market
Very weak diversification
The correlation between SMI 3Fourteen Full Cycle and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMI 3Fourteen Full Cycle and DJI in the same portfolio, assuming nothing else is changed.
SMI |
Moving together with SMI Etf
0.67 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.61 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
0.81 | DD | Dupont De Nemours Sell-off Trend | PairCorr |
0.66 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against SMI Etf
0.37 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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SMI 3Fourteen Constituents Risk-Adjusted Indicators
There is a big difference between SMI Etf performing well and SMI 3Fourteen 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 SMI 3Fourteen'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MBOX | 0.56 | (0.04) | (0.09) | 0.07 | 0.50 | 1.25 | 3.49 | |||
DIEM | 0.84 | 0.05 | (0.04) | 0.35 | 0.99 | 2.24 | 7.08 | |||
MCHI | 2.07 | 0.34 | 0.07 | (3.29) | 2.58 | 6.61 | 19.77 | |||
DIPS | 1.47 | (0.30) | 0.00 | 0.54 | 0.00 | 2.04 | 8.29 | |||
DISO | 0.79 | 0.24 | 0.20 | 0.58 | 0.48 | 1.60 | 5.96 | |||
DIVB | 0.49 | (0.01) | (0.07) | 0.10 | 0.28 | 0.96 | 3.81 | |||
DIVD | 0.46 | (0.07) | 0.00 | (0.06) | 0.00 | 0.95 | 2.20 | |||
DIVG | 0.47 | (0.03) | (0.13) | 0.07 | 0.46 | 1.01 | 3.12 | |||
DIVI | 0.60 | (0.07) | 0.00 | (0.19) | 0.00 | 1.34 | 3.95 |