Infinity Natural Correlations

INR Etf

USD 17.98 0.16 0.88%

The current 90-days correlation between Infinity Natural Res and FT Vest Equity is 0.02 (i.e., Significant diversification). The correlation of Infinity Natural 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.

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

Moving against Infinity Etf

0.59	CRC	California Resources Corp	Pair Corr
0.51	GTE	Gran Tierra Energy	Pair Corr
0.49	VIST	Vista Oil Gas	Pair Corr
0.49	CNX	CNX Resources Corp Potential Growth	Pair Corr
0.45	EP	Empire Petroleum Corp	Pair Corr
0.44	EGY	Vaalco Energy	Pair Corr
0.42	GFR	Greenfire Resources	Pair Corr
0.39	FANG	Diamondback Energy	Pair Corr
0.36	DMLP	Dorchester Minerals	Pair Corr
0.33	SM	SM Energy	Pair Corr
0.31	CNQ	Canadian Natural Res Sell-off Trend	Pair Corr
0.31	COP	ConocoPhillips	Pair Corr
0.63	MUR	Murphy Oil	Pair Corr
0.47	NOG	Northern Oil Gas	Pair Corr
0.45	HPKEW	HighPeak Energy	Pair Corr
0.44	KRP	Kimbell Royalty Partners	Pair Corr
0.41	MGY	Magnolia Oil Gas Sell-off Trend	Pair Corr
0.41	GPRK	GeoPark Earnings Call This Week	Pair Corr
0.39	KOS	Kosmos Energy	Pair Corr
0.37	REI	Ring Energy Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.44	0.59	-0.64	0.75	0.3	-0.21	0.85	-0.83	-0.32	META
MSFT	-0.44		-0.65	0.39	-0.6	0.27	0.76	-0.51	0.62	0.01	MSFT
UBER	0.59	-0.65		-0.2	0.75	-0.09	-0.53	0.74	-0.76	0.33	UBER
F	-0.64	0.39	-0.2		-0.38	0.04	0.44	-0.39	0.64	0.74	F
T	0.75	-0.6	0.75	-0.38		-0.17	-0.42	0.69	-0.78	0.04	T
A	0.3	0.27	-0.09	0.04	-0.17		0.3	0.44	0.04	-0.11	A
CRM	-0.21	0.76	-0.53	0.44	-0.42	0.3		-0.31	0.47	0.1	CRM
JPM	0.85	-0.51	0.74	-0.39	0.69	0.44	-0.31		-0.79	-0.04	JPM
MRK	-0.83	0.62	-0.76	0.64	-0.78	0.04	0.47	-0.79		0.17	MRK
XOM	-0.32	0.01	0.33	0.74	0.04	-0.11	0.1	-0.04	0.17		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.85	META
CRM	+ 0.76	MSFT
T	+ 0.75	META
T	+ 0.75	UBER
JPM	+ 0.74	UBER
XOM	+ 0.74	F

High negative correlations

MRK	- 0.83	META
MRK	- 0.79	JPM
MRK	- 0.78	T
MRK	- 0.76	UBER
UBER	- 0.65	MSFT
F	- 0.64	META

Infinity Natural Competition Risk-Adjusted Indicators

There is a big difference between Infinity Etf performing well and Infinity Natural 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 Infinity Natural'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
META	1.36	0.28	0.17	0.57	1.44	(1.42)	3.22	(2.29)	7.11
MSFT	1.03	(0.05)	0.00	(0.16)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.95	0.16	0.06	3.78	2.78	(1.95)	4.72	(3.13)	12.29
F	1.35	(0.11)	0.00	(0.13)	0.00	0.00	2.55	(2.89)	10.97
T	0.94	0.30	0.27	0.50	0.88	(1.12)	1.90	(1.75)	7.94
A	1.07	(0.03)	0.00	(0.07)	0.00	0.00	2.81	(2.16)	9.03
CRM	1.45	(0.15)	0.00	(0.22)	0.00	0.00	2.21	(3.81)	15.92
JPM	0.89	0.14	0.11	0.15	1.16	(0.97)	1.97	(1.51)	6.85
MRK	1.26	(0.10)	0.00	(2.54)	0.00	0.00	2.15	(2.24)	11.57
XOM	0.91	(0.12)	0.00	(0.43)	0.00	0.00	1.76	(2.14)	5.69

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Infinity Natural Correlations

Moving against Infinity Etf

Related Correlations Analysis

Correlation Matchups

Infinity Natural Competition Risk-Adjusted Indicators

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