Roundhill MSTR Correlations

MSTW Etf

10.44 0.52 4.74%

The current 90-days correlation between Roundhill MSTR WeeklyPay and STKd 100 percent is 0.43 (i.e., Very weak diversification). The correlation of Roundhill MSTR 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.

Roundhill MSTR Correlation With Market

Weak diversification

The correlation between Roundhill MSTR WeeklyPay and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roundhill MSTR WeeklyPay and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Roundhill Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Roundhill MSTR WeeklyPay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Roundhill Etf

0.83	MSFT	Microsoft	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.71	BA	Boeing	Pair Corr

Moving against Roundhill Etf

0.68	MCD	McDonalds	Pair Corr
0.66	AMPD	Tidal ETF Services	Pair Corr
0.62	CPST	Calamos ETF Trust	Pair Corr
0.56	VTV	Vanguard Value Index	Pair Corr
0.55	VEA	Vanguard FTSE Developed	Pair Corr
0.47	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.45	IVV	iShares Core SP	Pair Corr
0.44	SPY	SPDR SP 500	Pair Corr
0.41	ITDD	iShares Trust	Pair Corr
0.39	VTI	Vanguard Total Stock	Pair Corr
0.93	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.78	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.77	AXP	American Express	Pair Corr
0.75	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.72	MMM	3M Company	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.7	IBM	International Business	Pair Corr
0.66	WMT	Walmart Common Stock	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.37	PFE	Pfizer Inc	Pair Corr
0.35	INTC	Intel Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.59	-0.66	0.6	-0.63	0.24	-0.12	-0.61	-0.65	META
MSFT	0.66		0.84	-0.51	0.36	-0.25	0.12	-0.27	-0.77	-0.6	MSFT
UBER	0.59	0.84		-0.62	0.58	-0.37	-0.05	-0.13	-0.84	-0.57	UBER
F	-0.66	-0.51	-0.62		-0.72	0.59	0.25	0.35	0.71	0.76	F
T	0.6	0.36	0.58	-0.72		-0.61	-0.41	-0.09	-0.55	-0.49	T
A	-0.63	-0.25	-0.37	0.59	-0.61		-0.16	-0.26	0.56	0.32	A
CRM	0.24	0.12	-0.05	0.25	-0.41	-0.16		0.29	-0.03	0.09	CRM
JPM	-0.12	-0.27	-0.13	0.35	-0.09	-0.26	0.29		0.18	0.3	JPM
MRK	-0.61	-0.77	-0.84	0.71	-0.55	0.56	-0.03	0.18		0.64	MRK
XOM	-0.65	-0.6	-0.57	0.76	-0.49	0.32	0.09	0.3	0.64		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

UBER	+ 0.84	MSFT
XOM	+ 0.76	F
MRK	+ 0.71	F
MSFT	+ 0.66	META
XOM	+ 0.64	MRK
T	+ 0.6	META

High negative correlations

MRK	- 0.84	UBER
MRK	- 0.77	MSFT
T	- 0.72	F
F	- 0.66	META
XOM	- 0.65	META
A	- 0.63	META

Roundhill MSTR Competition Risk-Adjusted Indicators

There is a big difference between Roundhill Etf performing well and Roundhill MSTR 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 Roundhill MSTR'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	1.41	(0.29)	0.00	(0.25)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.92	(0.14)	0.00	(0.16)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.49	(0.34)	0.00	(0.26)	0.00	0.00	2.60	(3.82)	10.51
F	1.49	0.17	0.10	0.17	1.70	(1.62)	3.38	(2.63)	16.30
T	0.95	(0.27)	0.00	(0.91)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.08	0.06	0.13	1.31	(1.33)	2.34	(2.21)	11.03
CRM	1.58	0.06	0.03	0.11	2.05	(1.53)	3.66	(2.92)	9.91
JPM	1.03	(0.02)	(0.01)	0.04	1.40	(1.03)	2.00	(1.91)	7.02
MRK	1.47	0.35	0.25	0.47	1.11	(1.91)	4.85	(2.06)	11.45
XOM	0.96	0.07	0.02	0.36	0.99	(1.01)	1.96	(1.51)	4.99

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