InfraCap Equity Correlations

ICAP Etf

USD 28.17 0.44 1.54%

The current 90-days correlation between InfraCap Equity Income and ProShares MSCI EAFE is 0.73 (i.e., Poor diversification). The correlation of InfraCap Equity 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.

InfraCap Equity Correlation With Market

Poor diversification

The correlation between InfraCap Equity Income and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InfraCap Equity Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with InfraCap Etf

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

Moving together with InfraCap Etf

0.84	VOE	Vanguard Mid Cap	Pair Corr
0.72	SDY	SPDR SP Dividend	Pair Corr
0.87	DVY	iShares Select Dividend	Pair Corr
0.78	IWS	iShares Russell Mid	Pair Corr
0.77	FVD	First Trust Value	Pair Corr
0.68	SPYD	SPDR Portfolio SP	Pair Corr
0.84	COWZ	Pacer Cash Cows	Pair Corr
0.8	DON	WisdomTree MidCap	Pair Corr
0.84	RPV	Invesco SP 500	Pair Corr
0.66	UPRO	ProShares UltraPro SP500	Pair Corr
0.75	QTJA	Innovator ETFs Trust	Pair Corr
0.63	QTOC	Innovator ETFs Trust	Pair Corr
0.75	XTOC	Innovator ETFs Trust	Pair Corr
0.79	QTAP	Innovator Growth 100	Pair Corr
0.78	XTJA	Innovator ETFs Trust	Pair Corr
0.95	XTAP	Innovator Equity Acc	Pair Corr
0.76	DDFO	Innovator Equity Dual	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.86	MRK	Merck Company Sell-off Trend	Pair Corr
0.82	WMT	Walmart Common Stock	Pair Corr
0.77	AXP	American Express	Pair Corr
0.77	XOM	Exxon Mobil Corp	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.82	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr

Moving against InfraCap Etf

0.73	PG	Procter Gamble	Pair Corr
0.66	MSFT	Microsoft	Pair Corr
0.56	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	EFAD	DDIV	PPI	VAMO	KEMX	AFSC	DYTA	BKEM	QARP	FDIV
EFAD		0.48	0.75	0.56	0.36	0.54	0.62	0.53	0.52	0.64	EFAD
DDIV	0.48		0.38	0.94	0.55	0.89	0.94	0.34	0.92	0.91	DDIV
PPI	0.75	0.38		0.51	0.34	0.31	0.48	0.6	0.35	0.41	PPI
VAMO	0.56	0.94	0.51		0.45	0.9	0.89	0.29	0.84	0.93	VAMO
KEMX	0.36	0.55	0.34	0.45		0.42	0.56	0.83	0.6	0.43	KEMX
AFSC	0.54	0.89	0.31	0.9	0.42		0.87	0.22	0.88	0.89	AFSC
DYTA	0.62	0.94	0.48	0.89	0.56	0.87		0.43	0.94	0.88	DYTA
BKEM	0.53	0.34	0.6	0.29	0.83	0.22	0.43		0.47	0.23	BKEM
QARP	0.52	0.92	0.35	0.84	0.6	0.88	0.94	0.47		0.81	QARP
FDIV	0.64	0.91	0.41	0.93	0.43	0.89	0.88	0.23	0.81		FDIV
	EFAD	DDIV	PPI	VAMO	KEMX	AFSC	DYTA	BKEM	QARP	FDIV

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InfraCap Equity Constituents Risk-Adjusted Indicators

There is a big difference between InfraCap Etf performing well and InfraCap Equity 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 InfraCap Equity'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
EFAD	0.49	(0.02)	(0.06)	0.03	0.65	(0.49)	0.80	(1.03)	2.91
DDIV	0.73	0.05	0.05	0.11	0.83	(0.74)	1.42	(1.79)	3.27
PPI	0.93	(0.04)	(0.03)	0.03	1.20	(0.91)	1.68	(2.05)	4.94
VAMO	0.64	0.03	0.02	0.11	0.70	(0.70)	1.41	(1.33)	3.35
KEMX	0.81	0.13	0.12	0.22	0.82	(0.89)	1.71	(1.51)	4.97
AFSC	0.92	0.01	0.02	0.08	1.17	(0.91)	1.72	(1.81)	5.14
DYTA	0.22	0.01	(0.12)	0.10	0.12	(0.25)	0.52	(0.38)	1.11
BKEM	0.74	0.03	0.02	0.10	0.85	(0.85)	1.60	(1.18)	4.53
QARP	0.53	0.02	0.01	0.09	0.63	(0.57)	1.12	(0.95)	2.30
FDIV	0.56	0.01	(0.03)	0.07	0.62	(0.65)	1.35	(1.06)	3.23

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