ProShares Correlations

Etfs . USA . 
Etf . ProShares SP Kensho
MAKX Etf  USD 42.16  0.35  0.82%   
The current 90-days correlation between ProShares SP Kensho and Nexalin Technology is 0.09 (i.e., Significant diversification). The correlation of ProShares 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.

ProShares Correlation With Market

Very poor diversification

The correlation between ProShares SP Kensho and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares SP Kensho and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ProShares SP Kensho. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with ProShares Etf

  0.9VGT Vanguard InformationPairCorr
  0.84XLK Technology Select SectorPairCorr
  0.9IYW iShares Technology ETFPairCorr
  0.89CIBR First Trust NASDAQPairCorr
  0.91FTEC Fidelity MSCI InformationPairCorr
  0.97IGV iShares Expanded TechPairCorr
  0.97FDN First Trust DowPairCorr
  0.92IGM iShares Expanded TechPairCorr
  0.81DIG ProShares Ultra OilPairCorr
  0.74MLPR ETRACS Quarterly PayPairCorr
  0.71USD ProShares Ultra SemiPairCorr
  0.64SGG Barclays CapitalPairCorr
  0.92ATMP Barclays ETN Select Low VolatilityPairCorr
  0.82AMZA InfraCap MLP ETFPairCorr
  0.83YCS ProShares UltraShort YenPairCorr
  0.8TBT ProShares UltraShortPairCorr
  0.74CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.92BAC Bank of America Aggressive PushPairCorr
  0.91CVX Chevron Corp Sell-off TrendPairCorr
  0.86JPM JPMorgan Chase Sell-off TrendPairCorr
  0.91CSCO Cisco Systems Aggressive PushPairCorr
  0.87INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.72T ATT Inc Aggressive PushPairCorr
  0.82HPQ HP IncPairCorr
  0.95AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Moving against ProShares Etf

  0.52NRGU Bank Of MontrealPairCorr
  0.84MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.84KO Coca Cola Sell-off TrendPairCorr
  0.79PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
KRT
+ 0.88
NXL
HIW
+ 0.76
KRC
KRT
+ 0.65
KRC
RA
+ 0.6
KRC
RA
+ 0.48
HIW
KRC
+ 0.47
NXL
  
High negative correlations   
HIW
- 0.08
NXL
RA
- 0.01
NXL

ProShares Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares 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 ProShares' 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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY