PeakShares Sector Correlations

PSTR Etf

USD 29.55 0.09 0.30%

The current 90-days correlation between PeakShares Sector and US Diversified Real is 0.32 (i.e., Weak diversification). The correlation of PeakShares Sector 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.

PeakShares Sector Correlation With Market

Almost no diversification

The correlation between PeakShares Sector Rotation and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PeakShares Sector Rotation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PeakShares Etf

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

Moving together with PeakShares Etf

0.9	JEPI	JPMorgan Equity Premium	Pair Corr
0.97	XYLD	Global X SP	Pair Corr
0.67	DIVO	Amplify CWP Enhanced	Pair Corr
0.95	RYLD	Global X Russell	Pair Corr
0.8	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.83	KNG	FT Cboe Vest	Pair Corr
0.95	BUYW	Main Buywrite ETF	Pair Corr
0.9	IDME	International Drawdown Low Volatility	Pair Corr
0.81	GDXU	MicroSectors Gold Miners	Pair Corr
0.71	USD	ProShares Ultra Semi	Pair Corr
0.86	JNUG	Direxion Daily Junior	Pair Corr
0.86	NUGT	Direxion Daily Gold	Pair Corr
0.86	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.79	KORU	Direxion Daily South	Pair Corr
0.84	DGP	DB Gold Double	Pair Corr
0.88	HCMAX	THE HILLMAN FUND	Pair Corr
0.96	RSST	Return Stacked Stocks	Pair Corr
0.88	DFIV	Dimensional International Sell-off Trend	Pair Corr
0.91	AVDS	Avantis International	Pair Corr
0.87	UEVM	VictoryShares Emerging	Pair Corr
0.98	QTAP	Innovator Growth 100	Pair Corr
0.94	DFE	WisdomTree Europe	Pair Corr
0.86	PID	Invesco International	Pair Corr
0.84	RHRX	Starboard Investment	Pair Corr
0.88	FIDU	Fidelity MSCI Industrials	Pair Corr
0.76	DOO	BRP Inc Symbol Change	Pair Corr
0.87	FTCS	First Trust Capital	Pair Corr
0.87	STXV	EA Series Trust	Pair Corr
0.97	PAUG	Innovator Equity Power	Pair Corr
0.95	EAFG	Pacer Funds Trust	Pair Corr
0.89	IJS	iShares SP Small	Pair Corr
0.7	FUTS	Future Science Holdings	Pair Corr
0.89	DISV	Dimensional ETF Trust	Pair Corr
0.93	ILOW	AB Active ETFs	Pair Corr
0.86	VYMI	Vanguard International	Pair Corr

Related Correlations Analysis

	INRO	FDAT	MARB	KEMQ	CARZ	EAOA	SPXV	THTA	OZEM	PPTY
INRO		0.62	0.51	0.71	0.6	0.68	0.99	0.45	0.63	0.12	INRO
FDAT	0.62		0.91	0.76	0.98	0.98	0.68	0.91	0.75	0.75	FDAT
MARB	0.51	0.91		0.75	0.93	0.9	0.59	0.85	0.74	0.7	MARB
KEMQ	0.71	0.76	0.75		0.79	0.75	0.74	0.55	0.81	0.33	KEMQ
CARZ	0.6	0.98	0.93	0.79		0.97	0.67	0.91	0.74	0.72	CARZ
EAOA	0.68	0.98	0.9	0.75	0.97		0.74	0.94	0.71	0.74	EAOA
SPXV	0.99	0.68	0.59	0.74	0.67	0.74		0.53	0.67	0.2	SPXV
THTA	0.45	0.91	0.85	0.55	0.91	0.94	0.53		0.56	0.82	THTA
OZEM	0.63	0.75	0.74	0.81	0.74	0.71	0.67	0.56		0.33	OZEM
PPTY	0.12	0.75	0.7	0.33	0.72	0.74	0.2	0.82	0.33		PPTY
	INRO	FDAT	MARB	KEMQ	CARZ	EAOA	SPXV	THTA	OZEM	PPTY

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PeakShares Sector Constituents Risk-Adjusted Indicators

There is a big difference between PeakShares Etf performing well and PeakShares Sector 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 PeakShares Sector'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
INRO	0.56	(0.01)	(0.03)	0.07	0.73	(0.55)	0.94	(1.28)	3.92
FDAT	0.52	0.07	0.06	0.19	0.50	(0.59)	1.07	(0.87)	2.99
MARB	0.10	0.00	(0.56)	0.12	0.00	(0.14)	0.24	(0.19)	0.58
KEMQ	1.06	0.04	0.02	0.13	1.23	(1.14)	2.75	(1.58)	7.37
CARZ	1.05	0.24	0.21	0.31	0.82	(1.20)	2.53	(1.73)	5.77
EAOA	0.44	0.04	0.02	0.15	0.41	(0.49)	0.87	(0.88)	3.01
SPXV	0.58	0.00	(0.02)	0.08	0.76	(0.60)	1.09	(1.34)	4.09
THTA	0.26	0.05	0.00	0.22	0.22	(0.34)	0.81	(0.40)	2.83
OZEM	1.18	0.01	0.01	0.09	1.51	(1.24)	2.38	(2.26)	9.65
PPTY	0.60	0.05	0.00	0.20	0.65	(0.62)	1.42	(1.12)	2.96

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PeakShares Sector Correlations

PeakShares Sector Correlation With Market

Almost no diversification

Moving together with PeakShares Etf

Related Correlations Analysis

PeakShares Sector Constituents Risk-Adjusted Indicators

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