BBT Correlations

LCG Etf

USD 33.08 0.00 0.00%

The current 90-days correlation between BBT and Argent Large Cap is 0.26 (i.e., Modest 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 0.51 (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 private.

Moving against BBT Etf

0.44	MSFT	Microsoft	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	TEK	AIBU	PSCX	QTAP	UBOT	PPTY	DIVP	KSPY	WBIG	ABIG
TEK		0.82	0.06	0.11	0.72	-0.03	-0.14	0.17	0.26	0.5	TEK
AIBU	0.82		-0.44	-0.38	0.31	-0.33	-0.62	-0.36	-0.23	0.16	AIBU
PSCX	0.06	-0.44		0.97	0.64	0.63	0.93	0.96	0.89	0.7	PSCX
QTAP	0.11	-0.38	0.97		0.67	0.62	0.93	0.93	0.93	0.76	QTAP
UBOT	0.72	0.31	0.64	0.67		0.35	0.46	0.67	0.72	0.78	UBOT
PPTY	-0.03	-0.33	0.63	0.62	0.35		0.62	0.64	0.64	0.52	PPTY
DIVP	-0.14	-0.62	0.93	0.93	0.46	0.62		0.89	0.89	0.57	DIVP
KSPY	0.17	-0.36	0.96	0.93	0.67	0.64	0.89		0.91	0.69	KSPY
WBIG	0.26	-0.23	0.89	0.93	0.72	0.64	0.89	0.91		0.79	WBIG
ABIG	0.5	0.16	0.7	0.76	0.78	0.52	0.57	0.69	0.79		ABIG
	TEK	AIBU	PSCX	QTAP	UBOT	PPTY	DIVP	KSPY	WBIG	ABIG

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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

QTAP	+ 0.97	PSCX
KSPY	+ 0.96	PSCX
DIVP	+ 0.93	PSCX
DIVP	+ 0.93	QTAP
KSPY	+ 0.93	QTAP
WBIG	+ 0.93	QTAP

High negative correlations

DIVP	- 0.62	AIBU
PSCX	- 0.44	AIBU
QTAP	- 0.38	AIBU
KSPY	- 0.36	AIBU
PPTY	- 0.33	AIBU
WBIG	- 0.23	AIBU

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
TEK	1.18	(0.19)	0.00	(0.15)	0.00	0.00	2.03	(3.13)	7.42
AIBU	2.27	(0.57)	0.00	(0.21)	0.00	0.00	3.43	(6.25)	15.07
PSCX	0.20	0.03	(0.05)	1.54	0.16	(0.22)	0.45	(0.36)	1.82
QTAP	0.16	0.01	(0.08)	0.10	0.12	(0.16)	0.41	(0.36)	1.30
UBOT	2.09	(0.20)	0.00	(0.05)	0.00	0.00	3.43	(4.73)	14.17
PPTY	0.61	0.00	(0.05)	0.00	0.82	(0.58)	1.42	(1.04)	3.40
DIVP	0.50	0.11	0.18	0.24	0.27	(0.61)	1.20	(0.91)	2.98
KSPY	0.30	0.04	0.00	0.60	0.35	(0.33)	0.76	(0.88)	2.55
WBIG	0.45	0.00	(0.03)	0.04	0.57	(0.45)	0.82	(1.01)	2.27
ABIG	0.66	(0.07)	0.00	(0.05)	0.00	0.00	1.26	(1.48)	3.85

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.

BlackRock ETF Trust Direxion Shares ETF Pacer Swan SOS Innovator Growth 100 Accelerated Direxion Daily Robotics US Diversified Real The Advisors Inner KraneShares Trust WBI BullBear Yield Argent Large Cap American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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