Humankind Investments Correlations

HKND Etf

USD 35.36 0.00 0.00%

The current 90-days correlation between Humankind Investments and Innovator Russell 2000 is -0.06 (i.e., Good diversification). The correlation of Humankind Investments 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.

Humankind Investments Correlation With Market

Poor diversification

The correlation between Humankind Investments and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Humankind Investments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Humankind Etf

Check out Risk vs Return Analysis 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 employment.

Moving together with Humankind Etf

0.7	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.72	VYM	Vanguard High Dividend	Pair Corr
0.69	IWD	iShares Russell 1000	Pair Corr
0.73	DGRO	iShares Core Dividend	Pair Corr
0.69	IVE	iShares SP 500	Pair Corr
0.65	SPYV	SPDR Portfolio SP	Pair Corr
0.66	IUSV	iShares Core SP	Pair Corr
0.68	NOBL	ProShares SP 500	Pair Corr
0.71	FNDX	Schwab Fundamental Large Sell-off Trend	Pair Corr
0.71	VLUE	iShares MSCI USA	Pair Corr
0.79	TOAK	Manager Directed Por	Pair Corr
0.65	FB	ProShares Trust ProShares	Pair Corr
0.65	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.75	WMT	Walmart Common Stock	Pair Corr
0.67	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.74	MRK	Merck Company Earnings Call This Week	Pair Corr

Moving against Humankind Etf

0.78	NFLX	Netflix Sell-off Trend	Pair Corr
0.65	MSFT	Microsoft Earnings Call Today	Pair Corr
0.51	T	ATT Inc Earnings Call Today	Pair Corr
0.49	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	TMFM	MGMT	PTIN	IBUY	AESR	ESN	ADPV	WTMF	SELV	KJUL
TMFM		0.43	0.33	0.71	0.5	0.5	0.64	0.37	0.13	0.48	TMFM
MGMT	0.43		0.91	0.64	0.61	0.95	0.89	0.92	0.78	0.97	MGMT
PTIN	0.33	0.91		0.7	0.54	0.92	0.85	0.95	0.75	0.9	PTIN
IBUY	0.71	0.64	0.7		0.57	0.67	0.77	0.73	0.4	0.69	IBUY
AESR	0.5	0.61	0.54	0.57		0.58	0.69	0.52	0.36	0.63	AESR
ESN	0.5	0.95	0.92	0.67	0.58		0.92	0.9	0.74	0.93	ESN
ADPV	0.64	0.89	0.85	0.77	0.69	0.92		0.85	0.62	0.92	ADPV
WTMF	0.37	0.92	0.95	0.73	0.52	0.9	0.85		0.79	0.93	WTMF
SELV	0.13	0.78	0.75	0.4	0.36	0.74	0.62	0.79		0.8	SELV
KJUL	0.48	0.97	0.9	0.69	0.63	0.93	0.92	0.93	0.8		KJUL
	TMFM	MGMT	PTIN	IBUY	AESR	ESN	ADPV	WTMF	SELV	KJUL

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Humankind Investments Constituents Risk-Adjusted Indicators

There is a big difference between Humankind Etf performing well and Humankind Investments 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 Humankind Investments' 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
TMFM	0.79	(0.14)	0.00	(0.06)	0.00	0.00	1.55	(1.50)	4.58
MGMT	0.83	0.08	0.08	0.15	0.81	(0.94)	2.12	(1.72)	4.80
PTIN	0.55	0.12	0.08	0.73	0.59	(0.58)	1.26	(1.31)	3.32
IBUY	0.95	(0.04)	0.00	(0.08)	0.00	0.00	2.21	(2.33)	5.68
AESR	1.35	0.01	0.02	0.07	3.56	(1.36)	1.30	(2.10)	42.89
ESN	0.52	0.02	(0.01)	0.09	0.54	(0.55)	1.03	(1.11)	2.27
ADPV	1.34	0.00	0.02	0.07	1.70	(1.38)	2.23	(2.78)	8.23
WTMF	0.42	0.04	(0.04)	0.62	0.44	(0.46)	0.83	(0.88)	2.69
SELV	0.38	0.04	(0.01)	0.17	0.40	(0.41)	0.92	(0.89)	2.49
KJUL	0.35	0.03	(0.02)	0.13	0.34	(0.37)	0.62	(0.71)	1.92

Humankind Investments Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Humankind Investments etf to make a market-neutral strategy. Peer analysis of Humankind Investments could also be used in its relative valuation, which is a method of valuing Humankind Investments by comparing valuation metrics with similar companies.

The RBB Fund Ballast SmallMid Cap Pacer Trendpilot International Amplify Online Retail Anfield Equity Sector Essential 40 Stock Series Portfolios Trust WisdomTree Managed Futures SEI Exchange Traded Innovator Russell 2000 American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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