Exchange Traded Correlations
| NVQ Etf | USD 32.30 0.00 0.00% |
The current 90-days correlation between Exchange Traded Concepts and QRAFT AI Enhanced Large is -0.03 (i.e., Good diversification). The correlation of Exchange Traded 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.
Exchange Traded Correlation With Market
Significant diversification
The correlation between Exchange Traded Concepts and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exchange Traded Concepts and DJI in the same portfolio, assuming nothing else is changed.
Exchange |
Moving together with Exchange Etf
| 0.73 | VOE | Vanguard Mid Cap | PairCorr |
| 0.76 | IWS | iShares Russell Mid | PairCorr |
| 0.69 | COWZ | Pacer Cash Cows | PairCorr |
| 0.82 | IJJ | iShares SP Mid | PairCorr |
| 0.8 | DON | WisdomTree MidCap | PairCorr |
| 0.82 | MDYV | SPDR SP 400 | PairCorr |
| 0.77 | PEY | Invesco High Yield | PairCorr |
| 0.72 | ONEY | SPDR Russell 1000 | PairCorr |
| 0.82 | IVOV | Vanguard SP Mid | PairCorr |
| 0.69 | NVDL | GraniteShares 15x Long | PairCorr |
| 0.69 | NVDX | T Rex 2X | PairCorr |
| 0.69 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.88 | CRPT | First Trust SkyBridge | PairCorr |
| 0.87 | BITX | Volatility Shares Trust | PairCorr |
| 0.87 | CONL | GraniteShares ETF Trust | PairCorr |
| 0.89 | DAPP | VanEck Digital Trans | PairCorr |
| 0.88 | DPST | Direxion Daily Regional | PairCorr |
| 0.86 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.81 | ETH | Grayscale Ethereum Mini | PairCorr |
| 0.83 | EOS | Eaton Vance Enhanced | PairCorr |
| 0.83 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.93 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.82 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.74 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.7 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.75 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
| 0.81 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.93 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Exchange Etf
| 0.84 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.4 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Exchange Traded Constituents Risk-Adjusted Indicators
There is a big difference between Exchange Etf performing well and Exchange Traded 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 Exchange Traded'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QRFT | 0.52 | 0.00 | (0.06) | 0.13 | 0.58 | 1.06 | 3.02 | |||
| AMOM | 0.94 | 0.05 | 0.05 | 0.17 | 1.18 | 2.33 | 5.61 | |||
| SPMO | 0.75 | 0.11 | (0.02) | 4.32 | 0.84 | 1.65 | 4.82 | |||
| LRNZ | 1.12 | 0.04 | 0.04 | 0.16 | 1.26 | 2.79 | 6.50 | |||
| VCAR | 2.90 | 0.84 | 0.20 | (6.78) | 2.53 | 7.91 | 31.02 |
Exchange Traded Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Exchange Traded etf to make a market-neutral strategy. Peer analysis of Exchange Traded could also be used in its relative valuation, which is a method of valuing Exchange Traded by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |