Founder Led Correlations

FDRS Etf

23.95 0.14 0.58%

The current 90-days correlation between Founder Led ETF and Strategy Shares is -0.03 (i.e., Good diversification). The correlation of Founder Led 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Founder Led Correlation With Market

Good diversification

The correlation between Founder Led ETF and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Founder Led ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Founder Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Founder Led ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Founder Etf

0.66	MUU	Direxion Daily MU Upward Rally	Pair Corr
0.66	MULL	GraniteShares 2x Long Upward Rally	Pair Corr
0.61	KORU	Direxion Daily South	Pair Corr
0.66	AA	Alcoa Corp Earnings Call This Week	Pair Corr

Moving against Founder Etf

0.51	HPQ	HP Inc	Pair Corr
0.48	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.36	T	ATT Inc	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DINT	MCHI	DIVS	DIVZ	PY	VT	XC
DHSB		0.9	0.88	-0.06	0.65	0.79	0.91	0.95	0.9	DHSB
MBOX	0.9		0.8	0.07	0.78	0.88	0.87	0.9	0.87	MBOX
DINT	0.88	0.8		0.23	0.54	0.61	0.77	0.93	0.91	DINT
MCHI	-0.06	0.07	0.23		0.16	-0.27	-0.12	0.18	0.08	MCHI
DIVS	0.65	0.78	0.54	0.16		0.74	0.74	0.66	0.52	DIVS
DIVZ	0.79	0.88	0.61	-0.27	0.74		0.81	0.71	0.74	DIVZ
PY	0.91	0.87	0.77	-0.12	0.74	0.81		0.88	0.77	PY
VT	0.95	0.9	0.93	0.18	0.66	0.71	0.88		0.91	VT
XC	0.9	0.87	0.91	0.08	0.52	0.74	0.77	0.91		XC
	DHSB	MBOX	DINT	MCHI	DIVS	DIVZ	PY	VT	XC

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

VT	+ 0.95	DHSB
VT	+ 0.93	DINT
PY	+ 0.91	DHSB
XC	+ 0.91	DINT
XC	+ 0.91	VT
MBOX	+ 0.9	DHSB

High negative correlations

DIVZ	- 0.27	MCHI
PY	- 0.12	MCHI
MCHI	- 0.06	DHSB

Founder Led Constituents Risk-Adjusted Indicators

There is a big difference between Founder Etf performing well and Founder Led 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 Founder Led'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
DHSB	0.22	0.00	(0.18)	0.10	0.25	(0.23)	0.47	(0.43)	1.48
MBOX	0.54	0.01	(0.02)	0.10	0.50	(0.59)	1.08	(0.95)	2.19
DINT	0.73	0.03	0.02	0.12	0.88	(0.77)	1.24	(1.36)	4.26
MCHI	0.84	(0.05)	(0.08)	0.02	0.93	(0.92)	1.72	(1.49)	4.94
DIVS	0.44	(0.03)	(0.11)	0.04	0.49	(0.44)	0.97	(0.89)	2.33
DIVZ	0.50	0.00	(0.08)	0.09	0.47	(0.59)	0.98	(0.98)	2.37
PY	0.47	(0.03)	(0.10)	0.04	0.54	(0.52)	1.04	(0.91)	2.57
VT	0.51	0.02	0.00	0.11	0.61	(0.52)	1.00	(1.09)	2.95
XC	0.47	0.05	0.00	0.22	0.40	(0.52)	0.94	(0.84)	2.02

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