Strategy Shares Correlations

GOLY Etf

38.49 1.01 2.69%

The current 90-days correlation between Strategy Shares and Simplify Exchange Traded is 0.26 (i.e., Modest diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Strategy Shares Correlation With Market

Very weak diversification

The correlation between Strategy Shares and DJI is 0.57 (i.e., Very weak 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 Risk vs Return Analysis 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 industry.

For more information on how to buy Strategy Etf please use our How to Invest in Strategy Shares guide.

Moving together with Strategy Etf

0.84	PDBC	Invesco Optimum Yield	Pair Corr
0.79	FTGC	First Trust Global	Pair Corr
0.82	DBC	Invesco DB Commodity	Pair Corr
0.71	COMT	iShares GSCI Commodity	Pair Corr
0.67	GSG	iShares SP GSCI	Pair Corr
0.87	DJP	iPath Bloomberg Commodity	Pair Corr
0.86	BCI	abrdn Bloomberg All	Pair Corr
0.87	CMDY	iShares Bloomberg Roll	Pair Corr
0.87	COMB	GraniteShares Bloomberg	Pair Corr
0.94	GCC	WisdomTree Continuous	Pair Corr
0.64	CPST	Calamos ETF Trust	Pair Corr
0.64	ITDD	iShares Trust	Pair Corr
0.96	SGOL	abrdn Physical Gold	Pair Corr
0.96	GLDX	USCF Gold Strategy	Pair Corr
0.93	LIT	Global X Lithium	Pair Corr
0.95	MMSD	New York Life	Pair Corr
0.95	IBMQ	iShares Trust	Pair Corr
0.72	TSMU	GraniteShares 2x Long	Pair Corr
0.89	KCE	SPDR SP Capital	Pair Corr
0.93	HYUP	Xtrackers High Beta	Pair Corr
0.65	IWD	iShares Russell 1000	Pair Corr
0.95	MOOD	Relative Sentiment	Pair Corr
0.87	LITL	Simplify Exchange Traded	Pair Corr
0.84	EPEM	Harbor ETF Trust	Pair Corr
0.64	GDXU	MicroSectors Gold Miners	Pair Corr
0.87	DHSB	Strategy Shares	Pair Corr
0.97	SIVR	abrdn Physical Silver	Pair Corr
0.8	EEMX	SPDR MSCI Emerging	Pair Corr
0.87	JANH	Innovator Equity Premium	Pair Corr
0.97	GDX	VanEck Gold Miners Aggressive Push	Pair Corr
0.85	XOMO	Yieldmax XOM Option	Pair Corr

Moving against Strategy Etf

0.39

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.54	0.3	-0.12	-0.03	-0.16	0.54	0.02	-0.28	-0.24	META
MSFT	0.54		0.78	-0.54	0.48	0.28	0.33	-0.19	-0.85	-0.7	MSFT
UBER	0.3	0.78		-0.45	0.42	0.48	0.03	-0.32	-0.8	-0.51	UBER
F	-0.12	-0.54	-0.45		-0.6	-0.19	0.09	0.52	0.67	0.59	F
T	-0.03	0.48	0.42	-0.6		0.62	-0.15	-0.28	-0.47	-0.66	T
A	-0.16	0.28	0.48	-0.19	0.62		-0.24	-0.16	-0.3	-0.46	A
CRM	0.54	0.33	0.03	0.09	-0.15	-0.24		0.61	-0.11	-0.38	CRM
JPM	0.02	-0.19	-0.32	0.52	-0.28	-0.16	0.61		0.41	0.02	JPM
MRK	-0.28	-0.85	-0.8	0.67	-0.47	-0.3	-0.11	0.41		0.71	MRK
XOM	-0.24	-0.7	-0.51	0.59	-0.66	-0.46	-0.38	0.02	0.71		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	+ 0.78	MSFT
XOM	+ 0.71	MRK
MRK	+ 0.67	F
A	+ 0.62	T
JPM	+ 0.61	CRM
XOM	+ 0.59	F

High negative correlations

MRK	- 0.85	MSFT
MRK	- 0.8	UBER
XOM	- 0.7	MSFT
XOM	- 0.66	T
T	- 0.6	F
F	- 0.54	MSFT

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	1.44	(0.12)	0.00	(1.43)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.05	(0.13)	0.00	0.63	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.23)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.47	0.11	0.09	0.15	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.17)	0.00	(0.41)	0.00	0.00	1.53	(1.85)	4.30
A	1.19	(0.19)	0.00	(0.08)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.43	(0.23)	0.00	(0.16)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.11	(0.06)	(0.02)	0.03	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.28	0.19	0.47	1.13	(1.50)	3.59	(1.98)	8.09
XOM	1.07	0.27	0.17	4.15	0.96	(1.25)	2.38	(1.51)	5.82

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