Collaborative Investment Correlations

RULE Etf

USD 22.96 0.34 1.50%

The correlation of Collaborative Investment 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.

Collaborative Investment Correlation With Market

Very weak diversification

The correlation between Collaborative Investment Serie and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Collaborative Investment Serie and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Collaborative Investment Series. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Collaborative Etf

0.81	AOR	iShares Core Growth	Pair Corr
0.81	GDMA	Alpha Architect Gdsdn	Pair Corr
0.63	RAAX	VanEck Inflation All	Pair Corr
0.66	OCIO	ClearShares OCIO ETF	Pair Corr
0.95	MFUL	Collaborative Investment	Pair Corr
0.86	MPRO	Northern Lights	Pair Corr
0.9	INKM	SPDR SSgA Income	Pair Corr
0.77	VTI	Vanguard Total Stock	Pair Corr
0.7	SPY	SPDR SP 500	Pair Corr
0.7	IVV	iShares Core SP	Pair Corr
0.68	BND	Vanguard Total Bond	Pair Corr
0.9	VTV	Vanguard Value Index	Pair Corr
0.97	VO	Vanguard Mid Cap	Pair Corr
0.62	VEA	Vanguard FTSE Developed	Pair Corr
0.97	VB	Vanguard Small Cap	Pair Corr
0.91	QQEW	First Trust NASDAQ	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.76	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.63	CVX	Chevron Corp Earnings Call Today	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.62	-0.43	-0.5	0.58	0.48	0.34	0.62	-0.15	-0.63	META
MSFT	0.62		-0.46	-0.23	0.48	0.2	0.55	0.3	-0.01	-0.46	MSFT
UBER	-0.43	-0.46		0.65	-0.3	0.27	-0.11	-0.25	0.31	0.78	UBER
F	-0.5	-0.23	0.65		0.05	-0.2	0.01	-0.06	0.09	0.9	F
T	0.58	0.48	-0.3	0.05		0.11	0.51	0.59	-0.17	-0.17	T
A	0.48	0.2	0.27	-0.2	0.11		0.1	0.26	0.25	-0.17	A
CRM	0.34	0.55	-0.11	0.01	0.51	0.1		0.0	0.27	-0.16	CRM
JPM	0.62	0.3	-0.25	-0.06	0.59	0.26	0.0		-0.55	-0.24	JPM
MRK	-0.15	-0.01	0.31	0.09	-0.17	0.25	0.27	-0.55		0.16	MRK
XOM	-0.63	-0.46	0.78	0.9	-0.17	-0.17	-0.16	-0.24	0.16		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

XOM	+ 0.9	F
XOM	+ 0.78	UBER
F	+ 0.65	UBER
MSFT	+ 0.62	META
JPM	+ 0.62	META
JPM	+ 0.59	T

High negative correlations

XOM	- 0.63	META
MRK	- 0.55	JPM
F	- 0.5	META
XOM	- 0.46	MSFT
UBER	- 0.46	MSFT
UBER	- 0.43	META

Collaborative Investment Competition Risk-Adjusted Indicators

There is a big difference between Collaborative Etf performing well and Collaborative Investment 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 Collaborative Investment'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
META	1.41	0.26	0.13	0.73	1.40	(1.61)	3.43	(2.31)	7.43
MSFT	1.12	(0.03)	0.00	(0.42)	0.00	0.00	2.20	(2.79)	7.31
UBER	1.56	(0.23)	0.00	(3.08)	0.00	0.00	2.67	(5.35)	12.29
F	1.47	(0.18)	0.00	(0.20)	0.00	0.00	2.57	(2.90)	11.21
T	1.00	0.10	0.04	0.30	1.08	(1.12)	1.91	(1.84)	7.94
A	1.15	0.13	0.04	1.36	1.14	(1.37)	2.81	(2.16)	5.70
CRM	1.55	0.28	0.13	0.81	1.42	(1.88)	3.96	(2.95)	14.80
JPM	1.05	0.25	0.15	0.96	1.05	(1.23)	1.92	(1.42)	15.87
MRK	1.03	(0.11)	0.00	(0.43)	0.00	0.00	2.00	(2.13)	5.24
XOM	0.82	(0.16)	0.00	(0.28)	0.00	0.00	1.71	(1.74)	6.06

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