Intelligent Alpha Correlations

LIVRDelisted Etf

29.43 0.10 0.34%

The current 90-days correlation between Intelligent Alpha and Innovator Capital Management is -0.04 (i.e., Good diversification). The correlation of Intelligent Alpha 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.

Intelligent Alpha Correlation With Market

Very poor diversification

The correlation between Intelligent Alpha and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Alpha and DJI in the same portfolio, assuming nothing else is changed.

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 manufacturing.

Moving together with Intelligent Etf

0.84	VIG	Vanguard Dividend	Pair Corr
0.88	RSP	Invesco SP 500	Pair Corr
0.82	DFAC	Dimensional Core Equity	Pair Corr
0.89	SPLG	SSgA Symbol Change	Pair Corr
0.69	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.94	VTV	Vanguard Value Index	Pair Corr
0.77	VO	Vanguard Mid Cap	Pair Corr
0.94	VEA	Vanguard FTSE Developed	Pair Corr
0.82	VB	Vanguard Small Cap	Pair Corr
0.89	VWO	Vanguard FTSE Emerging	Pair Corr
0.94	FNDC	Schwab Fundamental	Pair Corr
0.92	SPVM	Invesco SP 500	Pair Corr
0.81	XYLD	Global X SP	Pair Corr
0.96	LVHI	Franklin International Low Volatility	Pair Corr
0.74	WEBS	Direxion Daily Dow	Pair Corr
0.92	EURL	Direxion Daily FTSE	Pair Corr
0.82	PFFA	Virtus InfraCap Preferred	Pair Corr
0.89	CHPS	Xtrackers Semiconductor	Pair Corr
0.83	NCPB	Nuveen Core Plus	Pair Corr
0.95	UDI	USCF ETF Trust	Pair Corr
0.92	DMCY	Democracy International	Pair Corr
0.9	JEPI	JPMorgan Equity Premium	Pair Corr
0.94	TAXT	Northern Trust Tax	Pair Corr
0.89	NBCE	Neuberger Berman ETF	Pair Corr
0.92	BMVP	Invesco Bloomberg MVP	Pair Corr
0.78	XAUG	FT Cboe Vest	Pair Corr
0.74	PSFD	Pacer Swan SOS	Pair Corr
0.92	REGL	ProShares SP MidCap	Pair Corr
0.93	STXE	EA Series Trust	Pair Corr
0.85	IAUM	iShares Gold Trust	Pair Corr

Moving against Intelligent Etf

0.53

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.38	-0.43	0.41	0.14	-0.49	-0.08	0.34	0.45	0.41	META
MSFT	-0.38		0.81	-0.55	-0.68	0.73	0.83	0.07	-0.86	-0.91	MSFT
UBER	-0.43	0.81		-0.49	-0.53	0.8	0.58	-0.08	-0.8	-0.76	UBER
F	0.41	-0.55	-0.49		0.14	-0.45	-0.28	0.28	0.7	0.62	F
T	0.14	-0.68	-0.53	0.14		-0.44	-0.77	-0.14	0.45	0.6	T
A	-0.49	0.73	0.8	-0.45	-0.44		0.52	-0.02	-0.66	-0.79	A
CRM	-0.08	0.83	0.58	-0.28	-0.77	0.52		0.44	-0.61	-0.82	CRM
JPM	0.34	0.07	-0.08	0.28	-0.14	-0.02	0.44		0.21	-0.09	JPM
MRK	0.45	-0.86	-0.8	0.7	0.45	-0.66	-0.61	0.21		0.84	MRK
XOM	0.41	-0.91	-0.76	0.62	0.6	-0.79	-0.82	-0.09	0.84		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

XOM	+ 0.84	MRK
CRM	+ 0.83	MSFT
UBER	+ 0.81	MSFT
A	+ 0.8	UBER
A	+ 0.73	MSFT
MRK	+ 0.7	F

High negative correlations

XOM	- 0.91	MSFT
MRK	- 0.86	MSFT
XOM	- 0.82	CRM
MRK	- 0.8	UBER
XOM	- 0.79	A
CRM	- 0.77	T

Intelligent Alpha Competition Risk-Adjusted Indicators

There is a big difference between Intelligent Etf performing well and Intelligent Alpha 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 Intelligent Alpha'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	1.50	0.02	0.00	0.07	1.52	(1.82)	3.43	(2.82)	13.69
MSFT	1.32	(0.38)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.51	(0.44)	0.00	(0.83)	0.00	0.00	2.41	(3.82)	11.09
F	1.21	0.07	0.05	0.13	1.18	(1.44)	3.34	(2.30)	7.16
T	1.00	0.21	0.17	6.48	0.77	(1.18)	3.87	(1.54)	5.31
A	1.25	(0.33)	0.00	(0.22)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.71	(0.45)	0.00	(0.42)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.27	(0.10)	0.00	(0.02)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.29	0.43	0.31	0.78	1.00	(1.59)	2.93	(1.98)	8.74
XOM	1.25	0.32	0.20	1.60	1.14	(1.43)	2.68	(2.12)	6.83

Delisting Warning - LIVR

Intelligent Alpha was delisted

The entity Intelligent Alpha with a symbol LIVR was delisted from NASDAQ Exchange. Please try Intelligent Alpha Atlas with a symbol GPT from now on. Check all delisted instruments accross multiple markets.

Still Interested in Intelligent Alpha?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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