Intelligent Alpha Correlations

GPT Etf

USD 30.40 0.06 0.20%

The current 90-days correlation between Intelligent Alpha Atlas and Clockwise Core Equity is 0.86 (i.e., Very poor diversification). The correlation of Intelligent Alpha 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.

Intelligent Alpha Correlation With Market

Poor diversification

The correlation between Intelligent Alpha Atlas and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Alpha Atlas and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intelligent Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intelligent Alpha Atlas. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Intelligent Etf

0.85	VT	Vanguard Total World	Pair Corr
0.86	ACWI	iShares MSCI ACWI	Pair Corr
0.75	IOO	iShares Global 100	Pair Corr
0.83	URTH	iShares MSCI World	Pair Corr
0.85	CRBN	iShares MSCI ACWI	Pair Corr
0.83	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.82	SPGM	SPDR Portfolio MSCI	Pair Corr
0.7	KORU	Direxion Daily South	Pair Corr
0.63	MUU	Direxion Daily MU Trending	Pair Corr
0.64	MULL	GraniteShares 2x Long Trending	Pair Corr
0.79	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.71	BFEB	Innovator SP 500	Pair Corr
0.88	SCHX	Schwab Large Cap	Pair Corr
0.69	INTC	Intel Sell-off Trend	Pair Corr

Moving against Intelligent Etf

0.48

ATT Inc

Pair Corr

Related Correlations Analysis

	LSEQ	ITDH	CAFG	AAVM	STXI	PJFV	NVBT	NOVZ	EWK	TIME
LSEQ		0.41	-0.03	0.27	0.26	0.43	0.4	0.49	0.28	0.08	LSEQ
ITDH	0.41		0.5	0.85	0.92	0.88	0.96	0.96	0.61	0.78	ITDH
CAFG	-0.03	0.5		0.38	0.38	0.2	0.41	0.4	-0.13	0.56	CAFG
AAVM	0.27	0.85	0.38		0.91	0.9	0.83	0.76	0.6	0.54	AAVM
STXI	0.26	0.92	0.38	0.91		0.88	0.87	0.8	0.76	0.63	STXI
PJFV	0.43	0.88	0.2	0.9	0.88		0.89	0.85	0.74	0.5	PJFV
NVBT	0.4	0.96	0.41	0.83	0.87	0.89		0.93	0.61	0.74	NVBT
NOVZ	0.49	0.96	0.4	0.76	0.8	0.85	0.93		0.53	0.74	NOVZ
EWK	0.28	0.61	-0.13	0.6	0.76	0.74	0.61	0.53		0.31	EWK
TIME	0.08	0.78	0.56	0.54	0.63	0.5	0.74	0.74	0.31		TIME
	LSEQ	ITDH	CAFG	AAVM	STXI	PJFV	NVBT	NOVZ	EWK	TIME

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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

NVBT	+ 0.96	ITDH
NOVZ	+ 0.96	ITDH
NOVZ	+ 0.93	NVBT
STXI	+ 0.92	ITDH
STXI	+ 0.91	AAVM
PJFV	+ 0.9	AAVM

High negative correlations

EWK	- 0.13	CAFG
CAFG	- 0.03	LSEQ

Intelligent Alpha Constituents Risk-Adjusted Indicators

There is a big difference between Intelligent Etf performing well and Intelligent Alpha 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 Intelligent Alpha'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
LSEQ	0.59	(0.02)	(0.07)	0.01	0.76	(0.58)	1.27	(1.25)	4.70
ITDH	0.56	0.00	(0.01)	0.05	0.77	(0.51)	1.08	(1.24)	3.04
CAFG	0.78	(0.08)	0.00	(0.01)	0.00	0.00	1.51	(1.62)	4.26
AAVM	0.61	0.03	0.03	0.09	0.74	(0.65)	1.21	(1.12)	3.46
STXI	0.60	0.02	0.02	0.09	0.76	(0.59)	1.17	(1.21)	3.37
PJFV	0.61	0.03	0.03	0.09	0.74	(0.62)	1.24	(1.06)	4.38
NVBT	0.32	0.00	(0.05)	0.06	0.47	(0.31)	0.75	(0.87)	2.11
NOVZ	0.47	(0.01)	(0.04)	0.04	0.65	(0.45)	1.04	(1.05)	2.59
EWK	0.54	0.07	0.06	0.20	0.45	(0.61)	1.05	(0.96)	3.75
TIME	0.63	(0.01)	(0.03)	0.04	0.99	(0.56)	1.18	(1.79)	4.18

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