Tradr 2X Correlations

LABX Etf

15.97 0.26 1.65%

The current 90-days correlation between Tradr 2X Long and STKd 100 percent is 0.04 (i.e., Significant diversification). The correlation of Tradr 2X 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.

Tradr 2X Correlation With Market

Modest diversification

The correlation between Tradr 2X Long and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tradr 2X Long and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tradr Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Tradr 2X Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Tradr Etf

0.79	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.62	NFLX	Netflix	Pair Corr
0.66	EMC	Global X Funds	Pair Corr

Moving against Tradr Etf

0.69	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.57	FB	ProShares Trust ProShares	Pair Corr
0.45	VEA	Vanguard FTSE Developed	Pair Corr
0.42	VTV	Vanguard Value Index	Pair Corr
0.33	IVV	iShares Core SP	Pair Corr
0.32	SPY	SPDR SP 500	Pair Corr
0.65	ZJAN	Innovator Equity Defined	Pair Corr
0.6	FROG	Jfrog	Pair Corr
0.49	QLC	FlexShares Quality Large	Pair Corr
0.39	SLX	VanEck Steel ETF	Pair Corr
0.35	JADE	JP Morgan Exchange	Pair Corr
0.33	UCRD	VictoryShares ESG	Pair Corr
0.33	HYSD	Columbia ETF Trust	Pair Corr
0.33	VOO	Vanguard SP 500	Pair Corr
0.75	CLOX	Series Portfolios Trust	Pair Corr
0.72	SGOL	abrdn Physical Gold	Pair Corr
0.6	ECOW	Pacer Emerging Markets	Pair Corr
0.6	XSVN	Bondbloxx ETF Trust	Pair Corr
0.6	CPSU	Calamos SP 500	Pair Corr
0.48	IBTG	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.57	-0.64	0.57	-0.6	0.23	-0.14	-0.59	-0.63	META
MSFT	0.66		0.83	-0.51	0.36	-0.22	0.09	-0.3	-0.77	-0.6	MSFT
UBER	0.57	0.83		-0.62	0.57	-0.33	-0.1	-0.2	-0.84	-0.59	UBER
F	-0.64	-0.51	-0.62		-0.71	0.56	0.27	0.38	0.7	0.76	F
T	0.57	0.36	0.57	-0.71		-0.57	-0.45	-0.16	-0.54	-0.49	T
A	-0.6	-0.22	-0.33	0.56	-0.57		-0.17	-0.25	0.51	0.28	A
CRM	0.23	0.09	-0.1	0.27	-0.45	-0.17		0.33	0.01	0.13	CRM
JPM	-0.14	-0.3	-0.2	0.38	-0.16	-0.25	0.33		0.25	0.36	JPM
MRK	-0.59	-0.77	-0.84	0.7	-0.54	0.51	0.01	0.25		0.64	MRK
XOM	-0.63	-0.6	-0.59	0.76	-0.49	0.28	0.13	0.36	0.64		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

UBER	+ 0.83	MSFT
XOM	+ 0.76	F
MRK	+ 0.7	F
MSFT	+ 0.66	META
XOM	+ 0.64	MRK
UBER	+ 0.57	META

High negative correlations

MRK	- 0.84	UBER
MRK	- 0.77	MSFT
T	- 0.71	F
F	- 0.64	META
XOM	- 0.63	META
F	- 0.62	UBER

Tradr 2X Competition Risk-Adjusted Indicators

There is a big difference between Tradr Etf performing well and Tradr 2X 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 Tradr 2X'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	1.40	(0.25)	0.00	(0.21)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.92	(0.12)	0.00	(0.14)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.48	(0.36)	0.00	(0.28)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.15	0.09	0.16	1.69	(1.65)	3.38	(2.63)	16.30
T	0.96	(0.26)	0.00	(0.85)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.08	0.06	0.13	1.31	(1.37)	2.34	(2.21)	11.03
CRM	1.57	0.03	0.02	0.09	2.02	(1.54)	3.66	(2.92)	9.91
JPM	1.03	0.00	0.01	0.06	1.41	(1.02)	2.00	(1.91)	7.02
MRK	1.45	0.38	0.27	0.50	1.07	(1.86)	4.85	(2.06)	11.45
XOM	0.96	0.09	0.04	0.47	0.99	(1.02)	1.96	(1.51)	4.99

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