PeakShares Sector Correlations

PSTR Etf

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The current 90-days correlation between PeakShares Sector and BlackRock Industry Rotation is 0.87 (i.e., Very poor 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

Very poor diversification

The correlation between PeakShares Sector Rotation 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 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 persons.

Moving together with PeakShares Etf

0.97	JEPI	JPMorgan Equity Premium	Pair Corr
0.91	XYLD	Global X SP	Pair Corr
0.74	DIVO	Amplify CWP Enhanced	Pair Corr
0.96	RYLD	Global X Russell	Pair Corr
0.92	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.77	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.89	KNG	FT Cboe Vest	Pair Corr
0.94	BUYW	Main Buywrite ETF	Pair Corr
0.9	IDME	International Drawdown	Pair Corr
0.86	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.92	TOT	Advisor Managed Port	Pair Corr
0.97	VTV	Vanguard Value Index	Pair Corr
0.89	VO	Vanguard Mid Cap	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.61	INTC	Intel Aggressive Push	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.7	AXP	American Express	Pair Corr
0.81	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	BA	Boeing	Pair Corr
0.75	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.77	CAT	Caterpillar	Pair Corr

Moving against PeakShares Etf

0.74	PUTW	WisdomTree CBOE SP Symbol Change	Pair Corr
0.43	IRE	Tidal Trust II	Pair Corr
0.69	T	ATT Inc	Pair Corr
0.58	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	INRO	FDAT	MARB	KEMQ	CARZ	EAOA	SPXV	THTA	OZEM	PPTY
INRO		0.7	0.44	0.61	0.89	0.96	0.99	0.78	0.51	0.24	INRO
FDAT	0.7		-0.04	0.69	0.81	0.75	0.74	0.43	0.14	0.5	FDAT
MARB	0.44	-0.04		0.07	0.43	0.52	0.35	0.77	0.92	-0.06	MARB
KEMQ	0.61	0.69	0.07		0.77	0.67	0.62	0.28	0.1	0.33	KEMQ
CARZ	0.89	0.81	0.43	0.77		0.96	0.89	0.75	0.54	0.31	CARZ
EAOA	0.96	0.75	0.52	0.67	0.96		0.94	0.84	0.61	0.36	EAOA
SPXV	0.99	0.74	0.35	0.62	0.89	0.94		0.72	0.42	0.24	SPXV
THTA	0.78	0.43	0.77	0.28	0.75	0.84	0.72		0.86	0.22	THTA
OZEM	0.51	0.14	0.92	0.1	0.54	0.61	0.42	0.86		0.05	OZEM
PPTY	0.24	0.5	-0.06	0.33	0.31	0.36	0.24	0.22	0.05		PPTY
	INRO	FDAT	MARB	KEMQ	CARZ	EAOA	SPXV	THTA	OZEM	PPTY

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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

SPXV	+ 0.99	INRO
EAOA	+ 0.96	INRO
EAOA	+ 0.96	CARZ
SPXV	+ 0.94	EAOA
OZEM	+ 0.92	MARB
CARZ	+ 0.89	INRO

High negative correlations

PPTY	- 0.06	MARB
MARB	- 0.04	FDAT

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	0.55	(0.03)	(0.05)	0.06	0.77	(0.54)	1.18	(1.24)	3.50
FDAT	0.58	(0.05)	(0.09)	0.03	0.73	(0.59)	1.07	(1.08)	2.99
MARB	0.18	0.03	(0.19)	0.48	0.16	(0.25)	0.49	(0.29)	3.01
KEMQ	1.06	0.02	0.01	0.12	1.16	(1.17)	2.75	(1.95)	6.49
CARZ	1.06	0.09	0.07	0.17	1.24	(1.11)	2.40	(2.17)	6.38
EAOA	0.42	0.00	(0.05)	0.10	0.46	(0.43)	0.88	(0.91)	2.56
SPXV	0.57	(0.03)	(0.06)	0.06	0.72	(0.58)	0.91	(1.34)	3.64
THTA	0.29	0.02	(0.10)	0.18	0.33	(0.37)	0.79	(0.47)	2.65
OZEM	1.07	0.29	0.19	0.72	0.85	(1.19)	2.38	(1.80)	7.31
PPTY	0.58	0.01	(0.06)	0.12	0.74	(0.59)	1.40	(0.94)	3.58

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