BBT Correlations

LCG Etf

USD 33.08 0.00 0.00%

The current 90-days correlation between BBT and ProShares UltraPro MidCap400 is 0.18 (i.e., Average diversification). The correlation of BBT 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.

BBT Correlation With Market

Very weak diversification

The correlation between BBT and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BBT and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BBT Etf

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving against BBT Etf

0.49	VXX	iPath Series B	Pair Corr
0.49	VIXY	ProShares VIX Short	Pair Corr
0.31	VONG	Vanguard Russell 1000	Pair Corr
0.31	IWY	iShares Russell Top	Pair Corr
0.51	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	MMSC	CDEI	MART	EGGS	LFEQ	ROKT	MFUL	BTR	UMDD
MMSC		0.11	0.28	-0.21	0.74	0.86	0.77	0.32	0.85	MMSC
CDEI	0.11		0.12	0.27	0.19	-0.1	-0.17	-0.19	-0.18	CDEI
MART	0.28	0.12		-0.47	-0.02	0.48	0.46	0.92	0.42	MART
EGGS	-0.21	0.27	-0.47		0.07	-0.43	-0.49	-0.59	-0.51	EGGS
LFEQ	0.74	0.19	-0.02	0.07		0.7	0.63	-0.02	0.61	LFEQ
ROKT	0.86	-0.1	0.48	-0.43	0.7		0.89	0.56	0.9	ROKT
MFUL	0.77	-0.17	0.46	-0.49	0.63	0.89		0.59	0.96	MFUL
BTR	0.32	-0.19	0.92	-0.59	-0.02	0.56	0.59		0.56	BTR
UMDD	0.85	-0.18	0.42	-0.51	0.61	0.9	0.96	0.56		UMDD
	MMSC	CDEI	MART	EGGS	LFEQ	ROKT	MFUL	BTR	UMDD

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

UMDD	+ 0.96	MFUL
BTR	+ 0.92	MART
UMDD	+ 0.9	ROKT
MFUL	+ 0.89	ROKT
ROKT	+ 0.86	MMSC
UMDD	+ 0.85	MMSC

High negative correlations

BTR	- 0.59	EGGS
UMDD	- 0.51	EGGS
MFUL	- 0.49	EGGS
EGGS	- 0.47	MART
ROKT	- 0.43	EGGS
EGGS	- 0.21	MMSC

BBT Constituents Risk-Adjusted Indicators

There is a big difference between BBT Etf performing well and BBT 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 BBT'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
MMSC	1.05	0.08	0.08	0.18	1.16	(1.13)	2.07	(2.21)	6.92
CDEI	0.53	(0.08)	(0.15)	0.00	0.72	(0.54)	1.02	(1.28)	3.59
MART	0.23	0.01	(0.17)	0.13	0.21	(0.24)	0.44	(0.55)	2.01
EGGS	1.04	(0.05)	0.00	(0.28)	0.00	0.00	2.19	(2.56)	8.38
LFEQ	0.56	0.08	(0.06)	(0.44)	0.68	(0.54)	0.91	(1.23)	3.72
ROKT	1.73	0.47	0.20	2.11	1.54	(2.01)	3.97	(2.59)	9.10
MFUL	0.17	0.02	(0.25)	0.19	0.00	(0.20)	0.37	(0.32)	1.24
BTR	0.42	0.02	(0.05)	0.15	0.43	(0.46)	0.90	(0.85)	2.95
UMDD	2.09	0.30	0.25	0.21	1.72	(2.50)	5.68	(4.00)	15.20

BBT Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BBT etf to make a market-neutral strategy. Peer analysis of BBT could also be used in its relative valuation, which is a method of valuing BBT by comparing valuation metrics with similar companies.

First Trust Multi Manager Morgan Stanley ETF Allianzim Large Cap NestYield Total Return VanEck LongFlat Trend SPDR SP Kensho Collaborative Investment Series Northern Lights ProShares UltraPro MidCap400 American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC