Collaborative Investment Correlations

MFUL Etf

USD 22.06 0.06 0.27%

The current 90-days correlation between Collaborative Investment and iShares MSCI Emerging is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Collaborative Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Collaborative Investment Series moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Collaborative Investment Correlation With Market

Very poor diversification

The correlation between Collaborative Investment Serie 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 Collaborative Investment Serie and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Collaborative Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Collaborative Investment Series. 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 Collaborative Etf

0.89	HF	DGA Core Plus	Pair Corr
0.95	OCIO	ClearShares OCIO ETF	Pair Corr
0.93	MPRO	Northern Lights	Pair Corr
0.95	RULE	Collaborative Investment	Pair Corr
0.93	UPAR	Tidal ETF Trust	Pair Corr
0.87	CLSM	Cabana Target Leading	Pair Corr
0.84	MSMR	ETF Series Solutions	Pair Corr
0.71	GDXU	MicroSectors Gold Miners	Pair Corr
0.79	JNUG	Direxion Daily Junior	Pair Corr
0.82	NUGT	Direxion Daily Gold	Pair Corr
0.87	GDMN	WisdomTree Efficient Gold	Pair Corr
0.94	KORU	Direxion Daily South	Pair Corr
0.88	DGP	DB Gold Double	Pair Corr
0.96	SCDV	ETF Series Solutions	Pair Corr
0.94	KNGZ	First Trust Exchange	Pair Corr
0.97	DFIV	Dimensional International	Pair Corr
0.96	CVMC	Morgan Stanley ETF	Pair Corr
0.97	NRES	Xtrackers RREEF Global	Pair Corr
0.92	EPU	iShares MSCI Peru	Pair Corr
0.9	IAU	iShares Gold Trust	Pair Corr
0.81	USO	United States Oil	Pair Corr
0.84	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.81	BIB	ProShares Ultra Nasdaq	Pair Corr
0.9	FIEE	FiEE Inc Symbol Change	Pair Corr
0.92	SEA	US Global Sea	Pair Corr
0.83	RSST	Return Stacked Stocks	Pair Corr
0.97	STXV	EA Series Trust	Pair Corr
0.95	EMIF	iShares Emerging Markets	Pair Corr
0.98	ESGD	iShares ESG Aware	Pair Corr
0.94	FIDU	Fidelity MSCI Industrials	Pair Corr
0.98	VYMI	Vanguard International	Pair Corr
0.86	HCMAX	THE HILLMAN FUND	Pair Corr
0.81	IYR	iShares Real Estate	Pair Corr

Moving against Collaborative Etf

0.68

BULZ

MicroSectors Solactive

Pair Corr

Related Correlations Analysis

	WAR	LRND	HAUS	EMES	SLJY	GIND	FLJJ	EBIT	ERET	EQLT
WAR		-0.34	0.56	0.84	0.85	-0.72	0.92	0.79	0.65	0.86	WAR
LRND	-0.34		-0.71	-0.57	-0.5	0.52	-0.24	-0.69	-0.75	-0.57	LRND
HAUS	0.56	-0.71		0.73	0.64	-0.5	0.54	0.78	0.88	0.75	HAUS
EMES	0.84	-0.57	0.73		0.82	-0.62	0.81	0.9	0.91	0.99	EMES
SLJY	0.85	-0.5	0.64	0.82		-0.88	0.79	0.77	0.75	0.85	SLJY
GIND	-0.72	0.52	-0.5	-0.62	-0.88		-0.56	-0.67	-0.61	-0.65	GIND
FLJJ	0.92	-0.24	0.54	0.81	0.79	-0.56		0.75	0.61	0.84	FLJJ
EBIT	0.79	-0.69	0.78	0.9	0.77	-0.67	0.75		0.89	0.9	EBIT
ERET	0.65	-0.75	0.88	0.91	0.75	-0.61	0.61	0.89		0.91	ERET
EQLT	0.86	-0.57	0.75	0.99	0.85	-0.65	0.84	0.9	0.91		EQLT
	WAR	LRND	HAUS	EMES	SLJY	GIND	FLJJ	EBIT	ERET	EQLT

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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

EQLT	+ 0.99	EMES
FLJJ	+ 0.92	WAR
ERET	+ 0.91	EMES
EQLT	+ 0.91	ERET
EBIT	+ 0.9	EMES
EQLT	+ 0.9	EBIT

High negative correlations

GIND	- 0.88	SLJY
ERET	- 0.75	LRND
GIND	- 0.72	WAR
HAUS	- 0.71	LRND
EBIT	- 0.69	LRND
EBIT	- 0.67	GIND

Collaborative Investment Constituents Risk-Adjusted Indicators

There is a big difference between Collaborative Etf performing well and Collaborative Investment 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 Collaborative Investment'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
WAR	1.25	0.15	0.09	0.15	1.62	(1.29)	2.35	(2.71)	7.84
LRND	0.68	(0.09)	0.00	(0.08)	0.00	0.00	1.16	(1.78)	4.46
HAUS	0.68	0.04	0.02	0.14	0.79	(0.69)	1.47	(1.46)	3.25
EMES	0.82	0.11	0.09	0.15	1.07	(0.92)	2.08	(1.25)	7.49
SLJY	2.54	0.68	0.13	(0.49)	3.90	(2.58)	5.55	(7.81)	21.24
GIND	0.72	(0.19)	0.00	(0.29)	0.00	0.00	0.93	(1.72)	5.82
FLJJ	0.18	0.01	(0.06)	0.06	0.23	(0.18)	0.40	(0.47)	1.50
EBIT	0.73	0.08	0.10	0.11	0.71	(0.91)	2.10	(1.60)	5.13
ERET	0.43	0.10	0.12	0.38	0.38	(0.45)	1.12	(0.85)	2.88
EQLT	0.88	0.12	0.09	0.17	1.11	(0.94)	2.18	(1.38)	7.39

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