Strategic Trust Correlations

Summary

QUP Stock

39.23 0.20 0.51%

The current 90-days correlation between Strategic Trust and Horizon Flexible Income is 0.09 (i.e., Significant diversification). The correlation of Strategic Trust 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.

Strategic Trust Correlation With Market

Average diversification

The correlation between Strategic Trust and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Strategic Stock

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Strategic Stock

0.71	STAG	STAG Industrial	Pair Corr
0.7	CYPS	Cyclo3pss	Pair Corr

Moving against Strategic Stock

0.58	META	Meta Platforms	Pair Corr
0.55	26442TAG2	US26442TAG22	Pair Corr
0.52	TSLA	Tesla Inc Sell-off Trend	Pair Corr
0.42	GWW	WW Grainger	Pair Corr
0.33	ALVLF	Big Ridge Gold	Pair Corr
0.32	TAK	Takeda Pharmaceutical	Pair Corr
0.63	CURLF	Curaleaf Holdings	Pair Corr
0.5	RGC	Regencell Bioscience Trending	Pair Corr
0.5	ASTI	Ascent Solar Technol Trending	Pair Corr
0.49	AVTBF	Avant Brands	Pair Corr
0.45	ULTA	Ulta Beauty	Pair Corr
0.43	SWRM	Appswarm	Pair Corr
0.34	CRRFY	Carrefour SA PK	Pair Corr

Related Correlations Analysis

	FLXN	BULX	ESLV	EMGC	ETRL	CPXR	SHPP	YNOT	ESLG	MEME
FLXN		0.0	0.46	0.0	0.0	0.69	0.81	0.1	0.04	-0.33	FLXN
BULX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BULX
ESLV	0.46	0.0		0.0	0.39	0.29	0.43	-0.17	-0.09	-0.3	ESLV
EMGC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EMGC
ETRL	0.0	0.0	0.39	0.0		-0.36	-0.22	0.13	0.22	-0.01	ETRL
CPXR	0.69	0.0	0.29	0.0	-0.36		0.85	0.11	-0.03	-0.22	CPXR
SHPP	0.81	0.0	0.43	0.0	-0.22	0.85		0.18	0.1	-0.23	SHPP
YNOT	0.1	0.0	-0.17	0.0	0.13	0.11	0.18		0.95	0.49	YNOT
ESLG	0.04	0.0	-0.09	0.0	0.22	-0.03	0.1	0.95		0.49	ESLG
MEME	-0.33	0.0	-0.3	0.0	-0.01	-0.22	-0.23	0.49	0.49		MEME
	FLXN	BULX	ESLV	EMGC	ETRL	CPXR	SHPP	YNOT	ESLG	MEME

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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

ESLG	+ 0.95	YNOT
SHPP	+ 0.85	CPXR
SHPP	+ 0.81	FLXN
CPXR	+ 0.69	FLXN
MEME	+ 0.49	YNOT
MEME	+ 0.49	ESLG

High negative correlations

CPXR	- 0.36	ETRL
MEME	- 0.33	FLXN
MEME	- 0.3	ESLV
MEME	- 0.23	SHPP
MEME	- 0.22	CPXR
SHPP	- 0.22	ETRL

Risk-Adjusted Indicators

There is a big difference between Strategic Stock performing well and Strategic Trust Company 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 Strategic Trust'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
FLXN	0.27	(0.05)	0.00	(0.08)	0.00	0.00	0.70	(0.47)	1.60
BULX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESLV	0.51	0.01	(0.08)	0.14	0.58	(0.59)	0.97	(1.08)	2.64
EMGC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETRL	5.06	(0.89)	0.00	(0.13)	0.00	0.00	11.37	(10.14)	28.67
CPXR	2.30	0.38	0.15	0.25	2.57	(2.43)	5.81	(4.93)	16.91
SHPP	0.72	0.02	0.01	0.09	0.92	(0.70)	1.63	(1.57)	4.49
YNOT	1.11	(0.07)	(0.03)	0.01	1.74	(0.99)	1.97	(2.96)	6.59
ESLG	0.70	(0.06)	(0.06)	0.00	1.10	(0.60)	1.30	(1.84)	4.03
MEME	4.04	(0.60)	0.00	(1.18)	0.00	0.00	11.52	(9.19)	25.27

Strategic Trust Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Strategic Trust stock to make a market-neutral strategy. Peer analysis of Strategic Trust could also be used in its relative valuation, which is a method of valuing Strategic Trust by comparing valuation metrics with similar companies.

Horizon Flexible Income GraniteShares 2x Long Strategy Shares Emerge Capital Management GraniteShares 2x Long USCF Daily Target Pacer Funds Trust Horizon Digital Frontier Strategy Shares Roundhill ETF Trust American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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