AXS Investments Correlations

RINC Etf

22.20 0.00 0.00%

The current 90-days correlation between AXS Investments and First Trust Bloomberg is -0.16 (i.e., Good diversification). The correlation of AXS Investments 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.

AXS Investments Correlation With Market

Good diversification

The correlation between AXS Investments and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AXS Investments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AXS Etf

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

Moving together with AXS Etf

0.61	TOT	Advisor Managed Port	Pair Corr
0.81	LUX	Tema Global	Pair Corr
0.85	FB	ProShares Trust ProShares	Pair Corr
0.7	SWP	SWP Growth Income	Pair Corr
0.82	DUKH	Ocean Park High	Pair Corr
0.82	JEPI	JPMorgan Equity Premium	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.77	MRK	Merck Company Aggressive Push	Pair Corr
0.84	BAC	Bank of America Earnings Call This Week	Pair Corr
0.69	JPM	JPMorgan Chase Earnings Call Tomorrow	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.81	WMT	Walmart Common Stock	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.75	AXP	American Express	Pair Corr

Moving against AXS Etf

0.37	XLRE	Real Estate	Pair Corr
0.35	ICF	iShares Cohen Steers	Pair Corr
0.72	PG	Procter Gamble	Pair Corr
0.67	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.63	0.38	-0.48	0.26	-0.32	0.31	-0.23	-0.37	-0.47	META
MSFT	0.63		0.84	-0.56	0.43	-0.03	-0.04	-0.51	-0.82	-0.65	MSFT
UBER	0.38	0.84		-0.55	0.47	0.2	-0.24	-0.52	-0.83	-0.63	UBER
F	-0.48	-0.56	-0.55		-0.68	0.24	0.36	0.65	0.68	0.77	F
T	0.26	0.43	0.47	-0.68		0.25	-0.67	-0.67	-0.45	-0.57	T
A	-0.32	-0.03	0.2	0.24	0.25		-0.48	-0.2	0.01	0.0	A
CRM	0.31	-0.04	-0.24	0.36	-0.67	-0.48		0.55	0.27	0.32	CRM
JPM	-0.23	-0.51	-0.52	0.65	-0.67	-0.2	0.55		0.69	0.7	JPM
MRK	-0.37	-0.82	-0.83	0.68	-0.45	0.01	0.27	0.69		0.8	MRK
XOM	-0.47	-0.65	-0.63	0.77	-0.57	0.0	0.32	0.7	0.8		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.84	MSFT
XOM	+ 0.8	MRK
XOM	+ 0.77	F
XOM	+ 0.7	JPM
MRK	+ 0.69	JPM
MRK	+ 0.68	F

High negative correlations

MRK	- 0.83	UBER
MRK	- 0.82	MSFT
T	- 0.68	F
JPM	- 0.67	T
CRM	- 0.67	T
XOM	- 0.65	MSFT

AXS Investments Competition Risk-Adjusted Indicators

There is a big difference between AXS Etf performing well and AXS Investments 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 AXS Investments' 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
META	1.36	(0.20)	0.00	(0.12)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.91	(0.18)	0.00	(0.27)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.54	(0.28)	0.00	(0.19)	0.00	0.00	2.60	(3.82)	10.23
F	1.44	0.18	0.14	0.22	1.32	(1.68)	3.38	(2.35)	16.30
T	0.88	(0.14)	0.00	(0.52)	0.00	0.00	1.61	(1.83)	5.75
A	1.13	0.01	0.02	0.09	1.26	(1.22)	2.34	(2.22)	6.50
CRM	1.51	0.06	0.02	0.16	1.92	(1.53)	3.66	(2.92)	9.91
JPM	1.11	0.00	0.02	0.08	1.43	(1.17)	2.34	(2.28)	7.02
MRK	1.22	0.30	0.22	0.45	1.05	(1.52)	3.59	(1.98)	8.09
XOM	1.04	0.12	0.05	0.44	1.06	(1.15)	2.21	(1.93)	5.82

AXS Investments 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 AXS Investments etf to make a market-neutral strategy. Peer analysis of AXS Investments could also be used in its relative valuation, which is a method of valuing AXS Investments by comparing valuation metrics with similar companies.

First Trust Bloomberg SMCP Trajan Wealth New York Life Global X Telemedicine IShares ABLG Timothy Plan Barclays ETN FI First Trust Small American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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