FIS Christian Correlations

PRAY Etf

USD 31.67 0.08 0.25%

The current 90-days correlation between FIS Christian Stock and AdvisorShares STAR Global is 0.82 (i.e., Very poor diversification). The correlation of FIS Christian 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.

FIS Christian Correlation With Market

Very poor diversification

The correlation between FIS Christian Stock and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FIS Christian Stock and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FIS Etf

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

Moving together with FIS Etf

0.93	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.92	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.92	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.83	VIG	Vanguard Dividend	Pair Corr
0.92	VV	Vanguard Large Cap	Pair Corr
0.77	RSP	Invesco SP 500	Pair Corr
0.93	IWB	iShares Russell 1000	Pair Corr
0.91	ESGU	iShares ESG Aware	Pair Corr
0.88	DFAC	Dimensional Core Equity	Pair Corr
0.94	TOT	Advisor Managed Port	Pair Corr
0.74	DUKH	Ocean Park High	Pair Corr
0.77	FTBI	First Trust Exchange	Pair Corr
0.69	FLCV	Federated Hermes ETF	Pair Corr
0.8	QLC	FlexShares Quality Large	Pair Corr
0.76	CSD	Invesco SP Spin	Pair Corr
0.89	QULL	ETRACS 2x Leveraged	Pair Corr
0.75	SCZ	iShares MSCI EAFE	Pair Corr
0.94	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.76	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.92	VOO	Vanguard SP 500	Pair Corr
0.83	TJUL	Innovator Etfs Trust	Pair Corr
0.68	HYSD	Columbia ETF Trust	Pair Corr
0.83	QQH	HCM Defender 100	Pair Corr
0.63	ECOW	Pacer Emerging Markets	Pair Corr

Moving against FIS Etf

0.74	VXX	iPath Series B	Pair Corr
0.44	NFLX	Netflix	Pair Corr

Related Correlations Analysis

	VEGA	LCR	SPXE	MARW	PRNT	MAYW	RSPC	GIAX	XBOC	HIMZ
VEGA		0.89	0.96	0.91	-0.04	0.9	0.06	0.67	0.95	-0.53	VEGA
LCR	0.89		0.82	0.87	0.1	0.86	0.4	0.58	0.9	-0.29	LCR
SPXE	0.96	0.82		0.85	-0.01	0.83	0.05	0.75	0.95	-0.49	SPXE
MARW	0.91	0.87	0.85		-0.32	0.99	-0.02	0.42	0.94	-0.7	MARW
PRNT	-0.04	0.1	-0.01	-0.32		-0.35	0.68	0.35	-0.1	0.77	PRNT
MAYW	0.9	0.86	0.83	0.99	-0.35		-0.05	0.4	0.93	-0.71	MAYW
RSPC	0.06	0.4	0.05	-0.02	0.68	-0.05		0.26	0.14	0.62	RSPC
GIAX	0.67	0.58	0.75	0.42	0.35	0.4	0.26		0.63	0.03	GIAX
XBOC	0.95	0.9	0.95	0.94	-0.1	0.93	0.14	0.63		-0.54	XBOC
HIMZ	-0.53	-0.29	-0.49	-0.7	0.77	-0.71	0.62	0.03	-0.54		HIMZ
	VEGA	LCR	SPXE	MARW	PRNT	MAYW	RSPC	GIAX	XBOC	HIMZ

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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

MAYW	+ 0.99	MARW
SPXE	+ 0.96	VEGA
XBOC	+ 0.95	VEGA
XBOC	+ 0.95	SPXE
XBOC	+ 0.94	MARW
XBOC	+ 0.93	MAYW

High negative correlations

HIMZ	- 0.71	MAYW
HIMZ	- 0.7	MARW
HIMZ	- 0.54	XBOC
HIMZ	- 0.53	VEGA
HIMZ	- 0.49	SPXE
MAYW	- 0.35	PRNT

FIS Christian Constituents Risk-Adjusted Indicators

There is a big difference between FIS Etf performing well and FIS Christian 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 FIS Christian'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
VEGA	0.39	0.00	(0.04)	0.08	0.49	(0.39)	0.91	(0.81)	2.27
LCR	0.36	0.00	(0.07)	0.07	0.41	(0.35)	0.76	(0.72)	1.78
SPXE	0.58	(0.01)	(0.01)	0.07	0.83	(0.55)	1.15	(1.44)	3.41
MARW	0.15	0.01	(0.15)	0.11	0.17	(0.15)	0.39	(0.44)	1.01
PRNT	0.92	(0.18)	0.00	(0.05)	0.00	0.00	1.99	(2.37)	6.30
MAYW	0.12	0.01	(0.29)	0.11	0.00	(0.13)	0.30	(0.27)	0.76
RSPC	0.62	(0.07)	0.00	(0.03)	0.00	0.00	1.03	(1.32)	2.92
GIAX	0.86	(0.05)	(0.04)	0.02	1.22	(0.87)	2.03	(2.31)	5.43
XBOC	0.29	0.00	(0.08)	0.07	0.36	(0.27)	0.61	(0.57)	1.76
HIMZ	6.59	(1.47)	0.00	(0.43)	0.00	0.00	12.38	(14.56)	63.93

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