Horizon Kinetics Correlations

INFL Etf

USD 50.69 0.41 0.80%

The current 90-days correlation between Horizon Kinetics Inf and SPDR Portfolio MSCI is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horizon Kinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Kinetics Inflation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Horizon Kinetics Correlation With Market

Poor diversification

The correlation between Horizon Kinetics Inflation and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Kinetics Inflation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Horizon Etf

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

Moving together with Horizon Etf

0.96	PBD	Invesco Global Clean	Pair Corr
0.88	VRAI	Virtus Real Asset	Pair Corr
0.88	CTEC	Global X CleanTech	Pair Corr
0.68	FORH	Formidable ETF	Pair Corr
0.9	SAGP	Advisorsa Inner	Pair Corr
0.79	CBSE	Elevation Series Trust	Pair Corr
0.65	USD	ProShares Ultra Semi	Pair Corr
0.82	JNUG	Direxion Daily Junior	Pair Corr
0.79	GDXU	MicroSectors Gold Miners	Pair Corr
0.85	NUGT	Direxion Daily Gold	Pair Corr
0.89	GDMN	WisdomTree Efficient Gold	Pair Corr
0.92	DGP	DB Gold Double	Pair Corr
0.64	FB	ProShares Trust ProShares	Pair Corr
0.9	BSMS	Invesco BulletShares 2028	Pair Corr
0.84	IQSZ	Invesco Actively Managed	Pair Corr
0.86	REGL	ProShares SP MidCap	Pair Corr
0.83	PFFA	Virtus InfraCap Preferred	Pair Corr
0.84	UDI	USCF ETF Trust	Pair Corr
0.86	JEPI	JPMorgan Equity Premium	Pair Corr
0.68	PSFD	Pacer Swan SOS	Pair Corr
0.87	IRTR	iShares Trust	Pair Corr
0.81	WDNA	WisdomTree BioRevolution Low Volatility	Pair Corr
0.72	SIXJ	AIM ETF Products	Pair Corr
0.94	NBCE	Neuberger Berman ETF	Pair Corr
0.92	IAUM	iShares Gold Trust	Pair Corr
0.81	SPVM	Invesco SP 500	Pair Corr
0.84	ESML	iShares ESG Aware	Pair Corr
0.81	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.87	NULV	Nuveen ESG Large	Pair Corr
0.9	EURL	Direxion Daily FTSE	Pair Corr
0.89	BMVP	Invesco Bloomberg MVP	Pair Corr
0.76	XAUG	FT Cboe Vest	Pair Corr
0.89	XFIX	Fm Investments Symbol Change	Pair Corr

Moving against Horizon Etf

0.45	TMAT	Main Thematic Innovation	Pair Corr
0.31	GXTG	Global X Thematic Symbol Change	Pair Corr

Related Correlations Analysis

	GSEW	EPS	FTGS	EQTY	RSSL	JEMA	NTSX	VTWG	DFAR	SPGM
GSEW		0.89	0.82	0.91	0.97	0.84	0.71	0.92	0.56	0.97	GSEW
EPS	0.89		0.87	0.91	0.85	0.67	0.8	0.85	0.27	0.89	EPS
FTGS	0.82	0.87		0.93	0.81	0.49	0.77	0.92	0.09	0.75	FTGS
EQTY	0.91	0.91	0.93		0.91	0.67	0.74	0.94	0.23	0.87	EQTY
RSSL	0.97	0.85	0.81	0.91		0.81	0.65	0.96	0.53	0.94	RSSL
JEMA	0.84	0.67	0.49	0.67	0.81		0.53	0.66	0.76	0.91	JEMA
NTSX	0.71	0.8	0.77	0.74	0.65	0.53		0.69	0.25	0.7	NTSX
VTWG	0.92	0.85	0.92	0.94	0.96	0.66	0.69		0.35	0.85	VTWG
DFAR	0.56	0.27	0.09	0.23	0.53	0.76	0.25	0.35		0.61	DFAR
SPGM	0.97	0.89	0.75	0.87	0.94	0.91	0.7	0.85	0.61		SPGM
	GSEW	EPS	FTGS	EQTY	RSSL	JEMA	NTSX	VTWG	DFAR	SPGM

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Horizon Kinetics Constituents Risk-Adjusted Indicators

There is a big difference between Horizon Etf performing well and Horizon Kinetics 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 Horizon Kinetics' 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
GSEW	0.62	0.04	0.04	0.07	0.70	(0.72)	1.26	(1.45)	4.05
EPS	0.54	(0.02)	(0.03)	0.02	0.74	(0.50)	1.17	(1.31)	3.24
FTGS	0.68	(0.03)	(0.03)	0.01	0.87	(0.70)	1.28	(1.51)	4.61
EQTY	0.63	0.01	0.01	0.05	0.77	(0.65)	1.28	(1.37)	4.76
RSSL	0.92	0.08	0.08	0.10	1.06	(0.97)	2.02	(1.87)	5.65
JEMA	0.74	0.18	0.17	1.66	0.68	(0.85)	1.58	(1.27)	4.92
NTSX	0.56	(0.01)	0.00	(0.48)	0.00	0.00	1.07	(1.40)	3.78
VTWG	1.09	0.02	0.02	0.05	1.39	(1.05)	1.93	(1.94)	6.76
DFAR	0.58	0.11	0.08	(1.28)	0.64	(0.59)	1.41	(1.14)	2.99
SPGM	0.56	0.04	0.03	0.08	0.74	(0.55)	1.05	(1.49)	3.65

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