AXS 125X Correlations

NVDS Etf

USD 27.03 1.26 4.89%

The current 90-days correlation between AXS 125X NVDA and AXS TSLA Bear is 0.2 (i.e., Modest diversification). The correlation of AXS 125X 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.

AXS 125X Correlation With Market

Very good diversification

The correlation between AXS 125X NVDA and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AXS 125X NVDA 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 AXS 125X NVDA. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with AXS Etf

0.91	SH	ProShares Short SP500 Sell-off Trend	Pair Corr
0.92	PSQ	ProShares Short QQQ Sell-off Trend	Pair Corr
0.92	SPXU	ProShares UltraPro Short	Pair Corr
0.91	SDS	ProShares UltraShort	Pair Corr
0.92	SPXS	Direxion Daily SP	Pair Corr
0.93	QID	ProShares UltraShort QQQ Sell-off Trend	Pair Corr
0.75	RWM	ProShares Short Russ	Pair Corr
0.9	SPDN	Direxion Daily SP	Pair Corr
0.93	TAIL	Cambria Tail Risk	Pair Corr
0.8	DOG	ProShares Short Dow30	Pair Corr
0.78	KO	Coca Cola Aggressive Push	Pair Corr
0.73	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against AXS Etf

0.95	QTJA	Innovator ETFs Trust	Pair Corr
0.94	QTAP	Innovator Growth 100	Pair Corr
0.93	XTJA	Innovator ETFs Trust	Pair Corr
0.93	XDJA	Innovator ETFs Trust	Pair Corr
0.93	XTAP	Innovator Equity Acc	Pair Corr
0.91	UPRO	ProShares UltraPro SP500	Pair Corr
0.9	TSJA	TSJA	Pair Corr
0.89	DSJA	DSJA	Pair Corr
0.79	QTOC	Innovator ETFs Trust	Pair Corr
0.77	XTOC	Innovator ETFs Trust	Pair Corr
0.93	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.77	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.72	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.67	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr
0.38	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.35	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.29	0.57	-0.02	0.6	0.02	0.68	0.28	-0.56	0.72	META
MSFT	0.29		0.24	0.12	0.2	-0.02	0.02	-0.17	0.11	-0.18	MSFT
UBER	0.57	0.24		-0.02	0.02	0.26	0.05	-0.1	0.04	0.36	UBER
F	-0.02	0.12	-0.02		0.0	-0.37	0.36	0.62	-0.24	0.29	F
T	0.6	0.2	0.02	0.0		-0.48	0.73	0.49	-0.76	0.39	T
A	0.02	-0.02	0.26	-0.37	-0.48		-0.48	-0.65	0.64	-0.01	A
CRM	0.68	0.02	0.05	0.36	0.73	-0.48		0.83	-0.92	0.68	CRM
JPM	0.28	-0.17	-0.1	0.62	0.49	-0.65	0.83		-0.83	0.51	JPM
MRK	-0.56	0.11	0.04	-0.24	-0.76	0.64	-0.92	-0.83		-0.57	MRK
XOM	0.72	-0.18	0.36	0.29	0.39	-0.01	0.68	0.51	-0.57		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

JPM	+ 0.83	CRM
CRM	+ 0.73	T
XOM	+ 0.72	META
CRM	+ 0.68	META
XOM	+ 0.68	CRM
MRK	+ 0.64	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.83	JPM
MRK	- 0.76	T
JPM	- 0.65	A
XOM	- 0.57	MRK
MRK	- 0.56	META

AXS 125X Competition Risk-Adjusted Indicators

There is a big difference between AXS Etf performing well and AXS 125X 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 AXS 125X'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	1.05	0.00	(0.03)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.88	(0.08)	(0.07)	0.01	1.51	(0.82)	2.09	(1.85)	8.19
UBER	1.60	(0.14)	0.00	(0.02)	0.00	0.00	2.69	(2.44)	20.10
F	1.43	(0.12)	(0.02)	0.04	2.19	(1.43)	2.75	(2.90)	11.72
T	0.92	0.28	0.14	24.43	0.85	(1.04)	2.56	(1.72)	6.47
A	1.14	(0.13)	0.00	(0.12)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.29	0.25	0.37	0.90	(1.52)	3.18	(1.91)	9.09
JPM	1.12	0.00	0.06	0.12	1.44	(1.17)	2.05	(2.00)	15.87
MRK	0.85	(0.26)	0.00	(1.12)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.03	0.03	(0.01)	0.18	1.21	(1.11)	2.14	(2.09)	5.78

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