Listed Funds Correlations

Etfs . USA . 
Etf . Listed Funds Trust
NVIR Etf   32.74  0.13  0.40%   
The current 90-days correlation between Listed Funds Trust and Horizon Kinetics Inflation is 0.69 (i.e., Poor diversification). The correlation of Listed Funds 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.

Listed Funds Correlation With Market

Very weak diversification

The correlation between Listed Funds Trust and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Listed Funds Trust 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 Listed Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Listed Etf

  0.97XLE Energy Select Sector Sell-off TrendPairCorr
  0.97VDE Vanguard Energy IndexPairCorr
  0.91XOP SPDR SP OilPairCorr
  0.73OIH VanEck Oil ServicesPairCorr
  0.97IYE iShares Energy ETFPairCorr
  0.81IXC iShares Global EnergyPairCorr
  0.87FXN First Trust EnergyPairCorr
  0.97FENY Fidelity MSCI EnergyPairCorr
  0.92FTXN First Trust NasdaqPairCorr
  0.88IEO iShares Oil GasPairCorr
  0.76NVDL GraniteShares 15x LongPairCorr
  0.76NVDX T Rex 2XPairCorr
  0.77NVDU Direxion Daily NVDAPairCorr
  0.88BITX Volatility Shares Trust Upward RallyPairCorr
  0.84CONL GraniteShares ETF Trust Upward RallyPairCorr
  0.89CRPT First Trust SkyBridgePairCorr
  0.68USD ProShares Ultra SemiPairCorr
  0.88DAPP VanEck Digital TransPairCorr
  0.87DPST Direxion Daily RegionalPairCorr
  0.83INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.73CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.82HPQ HP IncPairCorr
  0.7HD Home Depot Sell-off TrendPairCorr
  0.76XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.92AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.64TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.82WMT Walmart Aggressive PushPairCorr
  0.64T ATT Inc Aggressive PushPairCorr
  0.87DIS Walt Disney Aggressive PushPairCorr

Moving against Listed Etf

  0.81KO Coca Cola Sell-off TrendPairCorr
  0.8PFE Pfizer Inc Aggressive PushPairCorr
  0.64BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Listed Funds Constituents Risk-Adjusted Indicators

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

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