PeakShares Sector Correlations

PSTR Etf

USD 29.40 0.47 1.62%

The current 90-days correlation between PeakShares Sector and US Diversified Real is 0.38 (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 0.96 (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 poverty.

Moving together with PeakShares Etf

0.96	JEPI	JPMorgan Equity Premium	Pair Corr
0.97	XYLD	Global X SP	Pair Corr
0.71	DIVO	Amplify CWP Enhanced	Pair Corr
0.96	RYLD	Global X Russell	Pair Corr
0.93	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.87	KNG	FT Cboe Vest	Pair Corr
0.96	BUYW	Main Buywrite ETF	Pair Corr
0.92	IDME	International Drawdown	Pair Corr
0.84	UPRO	ProShares UltraPro SP500	Pair Corr
0.91	QTJA	Innovator ETFs Trust	Pair Corr
0.89	QTOC	Innovator ETFs Trust	Pair Corr
0.98	XTOC	Innovator ETFs Trust	Pair Corr
0.99	QTAP	Innovator Growth 100	Pair Corr
0.98	XTJA	Innovator ETFs Trust	Pair Corr
0.98	XTAP	Innovator Equity Acc	Pair Corr
0.93	VBK	Vanguard Small Cap	Pair Corr
0.96	AHYB	American Century ETF	Pair Corr
0.78	RDIV	Invesco SP Ultra	Pair Corr
0.93	BINC	BlackRock ETF Trust	Pair Corr
0.97	OASC	OneAscent Small Cap	Pair Corr
0.9	BA	Boeing	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.94	AA	Alcoa Corp	Pair Corr
0.7	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.82	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.81	MRK	Merck Company Aggressive Push	Pair Corr

Moving against PeakShares Etf

0.7	HPQ	HP Inc	Pair Corr
0.57	MSFT	Microsoft	Pair Corr
0.36	MMM	3M Company	Pair Corr

Related Correlations Analysis

	INRO	FDAT	MARB	KEMQ	CARZ	EAOA	SPXV	THTA	OZEM	PPTY
INRO		0.87	0.54	0.67	0.81	0.91	0.99	0.81	0.63	0.43	INRO
FDAT	0.87		0.7	0.85	0.97	0.97	0.89	0.87	0.75	0.65	FDAT
MARB	0.54	0.7		0.52	0.74	0.74	0.54	0.79	0.89	0.61	MARB
KEMQ	0.67	0.85	0.52		0.87	0.81	0.69	0.62	0.55	0.51	KEMQ
CARZ	0.81	0.97	0.74	0.87		0.96	0.84	0.88	0.78	0.62	CARZ
EAOA	0.91	0.97	0.74	0.81	0.96		0.92	0.93	0.77	0.65	EAOA
SPXV	0.99	0.89	0.54	0.69	0.84	0.92		0.83	0.61	0.46	SPXV
THTA	0.81	0.87	0.79	0.62	0.88	0.93	0.83		0.82	0.64	THTA
OZEM	0.63	0.75	0.89	0.55	0.78	0.77	0.61	0.82		0.52	OZEM
PPTY	0.43	0.65	0.61	0.51	0.62	0.65	0.46	0.64	0.52		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	0.61	(0.06)	(0.08)	0.00	0.92	(0.56)	1.10	(1.30)	3.92
FDAT	0.62	(0.02)	(0.05)	0.05	0.78	(0.63)	1.07	(1.43)	2.96
MARB	0.14	0.02	(0.26)	1.19	0.00	(0.21)	0.34	(0.19)	1.47
KEMQ	1.15	(0.05)	(0.05)	0.01	1.34	(1.25)	3.24	(2.18)	7.37
CARZ	1.18	0.03	0.03	0.11	1.46	(1.16)	2.74	(2.38)	6.05
EAOA	0.48	(0.01)	(0.05)	0.07	0.59	(0.48)	1.05	(1.02)	2.91
SPXV	0.62	(0.06)	(0.08)	0.01	0.91	(0.59)	1.23	(1.39)	4.09
THTA	0.39	0.02	(0.04)	0.11	0.52	(0.45)	1.46	(0.98)	3.66
OZEM	1.21	0.23	0.13	0.33	1.37	(1.29)	2.76	(2.22)	9.65
PPTY	0.61	0.05	0.00	0.21	0.61	(0.64)	1.43	(0.95)	3.40

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