Roundhill GLP Correlations

OZEM Etf

24.42 0.07 0.29%

The current 90-days correlation between Roundhill GLP 1 and Freedom Day Dividend is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Roundhill GLP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roundhill GLP 1 Weight moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Roundhill GLP Correlation With Market

Good diversification

The correlation between Roundhill GLP 1 Weight and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roundhill GLP 1 Weight and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roundhill GLP 1 Weight. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Roundhill Etf

0.65	XLV	Health Care Select	Pair Corr
0.65	VHT	Vanguard Health Care	Pair Corr
0.77	IBB	iShares Biotechnology ETF	Pair Corr
0.81	XBI	SPDR SP Biotech	Pair Corr
0.77	IXJ	iShares Global Healthcare	Pair Corr
0.66	IYH	iShares Healthcare ETF	Pair Corr
0.65	FHLC	Fidelity MSCI Health	Pair Corr
0.62	MRK	Merck Company Earnings Call This Week	Pair Corr
0.71	MCD	McDonalds Earnings Call This Week	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.83	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.7	HPQ	HP Inc	Pair Corr

Moving against Roundhill Etf

0.84	DSJA	DSJA	Pair Corr
0.81	RSPY	Tuttle Capital Management	Pair Corr
0.78	MEME	Roundhill Investments	Pair Corr
0.62	AMPD	Tidal Trust II	Pair Corr
0.41	IHI	iShares Medical Devices	Pair Corr
0.68	JPM	JPMorgan Chase	Pair Corr
0.66	BA	Boeing	Pair Corr
0.55	MMM	3M Company	Pair Corr

Related Correlations Analysis

	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI
MBOX		0.13	0.0	-0.15	0.34	0.97	0.66	0.9	0.36	MBOX
DIEM	0.13		0.88	0.03	-0.52	0.2	0.55	0.28	0.72	DIEM
MCHI	0.0	0.88		0.17	-0.54	0.11	0.5	0.17	0.67	MCHI
DIPS	-0.15	0.03	0.17		-0.21	-0.06	0.2	0.0	0.23	DIPS
DISO	0.34	-0.52	-0.54	-0.21		0.24	-0.34	0.09	-0.41	DISO
DIVB	0.97	0.2	0.11	-0.06	0.24		0.77	0.95	0.43	DIVB
DIVD	0.66	0.55	0.5	0.2	-0.34	0.77		0.8	0.82	DIVD
DIVG	0.9	0.28	0.17	0.0	0.09	0.95	0.8		0.42	DIVG
DIVI	0.36	0.72	0.67	0.23	-0.41	0.43	0.82	0.42		DIVI
	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI

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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

DIVB	+ 0.97	MBOX
DIVG	+ 0.95	DIVB
DIVG	+ 0.9	MBOX
MCHI	+ 0.88	DIEM
DIVI	+ 0.82	DIVD
DIVG	+ 0.8	DIVD

High negative correlations

DISO	- 0.54	MCHI
DISO	- 0.52	DIEM
DIVI	- 0.41	DISO
DIVD	- 0.34	DISO
DISO	- 0.21	DIPS
DIPS	- 0.15	MBOX

Roundhill GLP Constituents Risk-Adjusted Indicators

There is a big difference between Roundhill Etf performing well and Roundhill GLP 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 GLP'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
MBOX	0.61	0.00	(0.05)	0.07	0.75	(0.67)	1.27	(1.03)	5.51
DIEM	0.61	(0.09)	0.00	(0.19)	0.00	0.00	1.32	(1.81)	5.07
MCHI	1.26	(0.05)	0.00	(0.05)	0.00	0.00	2.45	(2.72)	12.27
DIPS	1.72	0.08	(0.01)	(0.10)	2.59	(1.63)	2.53	(3.53)	23.85
DISO	0.81	0.17	0.13	1.05	0.59	(0.97)	1.51	(1.24)	6.23
DIVB	0.57	(0.02)	(0.09)	0.03	0.67	(0.65)	1.11	(0.76)	5.73
DIVD	0.52	(0.04)	0.00	(0.08)	0.00	0.00	0.89	(0.98)	3.36
DIVG	0.57	(0.04)	0.00	(0.07)	0.00	0.00	1.12	(1.12)	4.36
DIVI	0.56	(0.02)	(0.09)	(0.01)	0.79	(0.60)	1.14	(1.46)	3.80

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