InfraCap Equity Correlations

ICAP Etf

USD 28.57 0.12 0.42%

The current 90-days correlation between InfraCap Equity Income and MarketDesk Focused Dividend is 0.67 (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

Very poor diversification

The correlation between InfraCap Equity Income and DJI is 0.8 (i.e., Very 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

0.99	VOE	Vanguard Mid Cap	Pair Corr
0.93	SDY	SPDR SP Dividend	Pair Corr
0.79	DVY	iShares Select Dividend	Pair Corr
0.99	IWS	iShares Russell Mid	Pair Corr
0.92	FVD	First Trust Value	Pair Corr
0.82	SPYD	SPDR Portfolio SP	Pair Corr
0.98	COWZ	Pacer Cash Cows	Pair Corr
0.98	IJJ	iShares SP Mid	Pair Corr
0.98	DON	WisdomTree MidCap	Pair Corr
0.98	RPV	Invesco SP 500	Pair Corr
0.83	MUU	Direxion Daily MU	Pair Corr
0.82	MULL	GraniteShares 2x Long	Pair Corr
0.87	GDXU	MicroSectors Gold Miners	Pair Corr
0.84	AGQ	ProShares Ultra Silver	Pair Corr
0.71	JNUG	Direxion Daily Junior	Pair Corr
0.77	KORU	Direxion Daily South	Pair Corr
0.89	NUGT	Direxion Daily Gold	Pair Corr
0.77	SHNY	Microsectors Gold	Pair Corr
0.88	GDMN	WisdomTree Efficient Gold	Pair Corr
0.93	SLVR	Sprott Silver Miners	Pair Corr
0.75	FLXR	TCW ETF Trust	Pair Corr
0.84	BA	Boeing Sell-off Trend	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.7	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.63	MRK	Merck Company Earnings Call This Week	Pair Corr

Moving against InfraCap Etf

0.49

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	EFAD	DDIV	PPI	VAMO	KEMX	AFSC	DYTA	BKEM	QARP	FDIV
EFAD		0.83	0.89	0.81	0.87	0.74	0.9	0.87	0.92	0.86	EFAD
DDIV	0.83		0.77	0.97	0.78	0.93	0.93	0.7	0.94	0.95	DDIV
PPI	0.89	0.77		0.81	0.98	0.67	0.81	0.97	0.88	0.83	PPI
VAMO	0.81	0.97	0.81		0.81	0.93	0.89	0.73	0.94	0.96	VAMO
KEMX	0.87	0.78	0.98	0.81		0.67	0.81	0.98	0.89	0.84	KEMX
AFSC	0.74	0.93	0.67	0.93	0.67		0.84	0.58	0.89	0.9	AFSC
DYTA	0.9	0.93	0.81	0.89	0.81	0.84		0.76	0.94	0.89	DYTA
BKEM	0.87	0.7	0.97	0.73	0.98	0.58	0.76		0.84	0.76	BKEM
QARP	0.92	0.94	0.88	0.94	0.89	0.89	0.94	0.84		0.95	QARP
FDIV	0.86	0.95	0.83	0.96	0.84	0.9	0.89	0.76	0.95		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	0.51	0.05	0.03	0.51	0.63	(0.53)	0.87	(1.06)	3.11
DDIV	0.69	0.15	0.11	(1.67)	0.81	(0.70)	1.42	(1.49)	4.32
PPI	0.93	0.16	0.09	(2.57)	1.20	(0.94)	1.54	(1.93)	6.05
VAMO	0.60	0.11	0.10	(0.68)	0.52	(0.71)	1.41	(1.09)	3.31
KEMX	0.81	0.24	0.21	(1.84)	0.70	(0.95)	2.00	(1.51)	4.10
AFSC	0.86	0.11	0.07	(0.91)	0.89	(0.98)	1.72	(1.65)	4.47
DYTA	0.28	0.03	(0.01)	(2.58)	0.42	(0.31)	0.56	(0.42)	2.72
BKEM	0.68	0.14	0.14	(56.05)	0.54	(0.78)	1.70	(1.18)	4.27
QARP	0.48	0.10	0.10	(14.79)	0.51	(0.51)	1.12	(0.95)	3.16
FDIV	0.53	0.13	0.15	(1.57)	0.38	(0.66)	1.47	(0.82)	3.37

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