Kelly Strategic Correlations
| RESI Etf | USD 11.29 0.04 0.35% |
The current 90-days correlation between Kelly Strategic Mana and RLJ Lodging Trust is 0.14 (i.e., Average diversification). The correlation of Kelly Strategic 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.
Kelly Strategic Correlation With Market
Average diversification
The correlation between Kelly Strategic Management and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kelly Strategic Management and DJI in the same portfolio, assuming nothing else is changed.
Kelly |
Moving together with Kelly Etf
| 0.75 | HHH | Howard Hughes | PairCorr |
| 0.8 | RTL | Pacer Financial | PairCorr |
| 0.75 | MORE | MORE | PairCorr |
| 0.78 | FNGU | MicroSectors FANG Index | PairCorr |
| 0.79 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.87 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.79 | FNGS | MicroSectors FANG ETN | PairCorr |
| 0.62 | ROM | ProShares Ultra Tech | PairCorr |
| 0.69 | QLD | ProShares Ultra QQQ | PairCorr |
| 0.82 | ETH | Grayscale Ethereum Mini | PairCorr |
| 0.74 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.9 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.86 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.79 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.86 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.81 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.75 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Kelly Etf
| 0.44 | IRET | Tidal Trust II | PairCorr |
| 0.77 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.73 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.63 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.5 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| -0.63 | 0.6 | 0.59 | -0.33 | RLJ | ||
| -0.63 | -0.63 | -0.44 | 0.21 | AAMC | ||
| 0.6 | -0.63 | 0.24 | 0.18 | NXRT | ||
| 0.59 | -0.44 | 0.24 | -0.83 | UE | ||
| -0.33 | 0.21 | 0.18 | -0.83 | TRNO | ||
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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
| High negative correlations
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Kelly Strategic Constituents Risk-Adjusted Indicators
There is a big difference between Kelly Etf performing well and Kelly Strategic 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 Kelly Strategic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RLJ | 1.15 | 0.02 | 0.03 | 0.15 | 1.21 | 2.42 | 9.84 | |||
| AAMC | 7.37 | (0.25) | 0.00 | 0.40 | 0.00 | 14.11 | 81.39 | |||
| NXRT | 1.18 | (0.08) | (0.08) | 0.03 | 1.30 | 2.74 | 6.37 | |||
| UE | 0.83 | 0.10 | 0.03 | 0.34 | 0.83 | 1.78 | 4.48 | |||
| TRNO | 0.99 | (0.22) | 0.00 | (0.53) | 0.00 | 1.47 | 8.19 |
Kelly Strategic 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 Kelly Strategic etf to make a market-neutral strategy. Peer analysis of Kelly Strategic could also be used in its relative valuation, which is a method of valuing Kelly Strategic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |