Series Portfolios Correlations

SCAP Etf

USD 35.89 0.00 0.00%

The current 90-days correlation between Series Portfolios Trust and FundX Aggressive ETF is 0.71 (i.e., Poor diversification). The correlation of Series Portfolios 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.

Series Portfolios Correlation With Market

Weak diversification

The correlation between Series Portfolios Trust and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Series Portfolios Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Series Portfolios Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Series Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.97	IWN	iShares Russell 2000	Pair Corr
0.97	DFAT	Dimensional Targeted	Pair Corr
0.94	IJS	iShares SP Small	Pair Corr
0.93	SLYV	SPDR SP 600	Pair Corr
0.97	AVUV	Avantis Small Cap	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.98	MDYV	SPDR SP 400	Pair Corr
0.92	CALF	Pacer Small Cap	Pair Corr
0.97	REGL	ProShares SP MidCap Low Volatility	Pair Corr
0.63	IEDI	iShares Evolved Disc	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.68	BAC	Bank of America Sell-off Trend	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Series Etf

0.51	FBGX	UBS	Pair Corr
0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.47	PFE	Pfizer Inc Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	XNAV	SCAP	DHDG	Z	MBCC	MBBB	BZDYF	MBOX	MBNE
XNAV		0.51	0.79	0.85	0.62	0.22	0.54	0.35	0.31	XNAV
SCAP	0.51		0.64	0.62	0.86	0.67	-0.22	0.96	0.68	SCAP
DHDG	0.79	0.64		0.68	0.79	0.61	0.29	0.58	0.6	DHDG
Z	0.85	0.62	0.68		0.62	0.25	0.46	0.48	0.42	Z
MBCC	0.62	0.86	0.79	0.62		0.79	-0.15	0.82	0.81	MBCC
MBBB	0.22	0.67	0.61	0.25	0.79		-0.35	0.7	0.88	MBBB
BZDYF	0.54	-0.22	0.29	0.46	-0.15	-0.35		-0.36	-0.21	BZDYF
MBOX	0.35	0.96	0.58	0.48	0.82	0.7	-0.36		0.69	MBOX
MBNE	0.31	0.68	0.6	0.42	0.81	0.88	-0.21	0.69		MBNE
	XNAV	SCAP	DHDG	Z	MBCC	MBBB	BZDYF	MBOX	MBNE

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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

MBOX	+ 0.96	SCAP
MBNE	+ 0.88	MBBB
MBCC	+ 0.86	SCAP
Z	+ 0.85	XNAV
MBOX	+ 0.82	MBCC
MBNE	+ 0.81	MBCC

High negative correlations

MBOX	- 0.36	BZDYF
BZDYF	- 0.35	MBBB
BZDYF	- 0.22	SCAP
MBNE	- 0.21	BZDYF
BZDYF	- 0.15	MBCC

Series Portfolios Constituents Risk-Adjusted Indicators

There is a big difference between Series Etf performing well and Series Portfolios 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 Series Portfolios' 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
XNAV	0.82	0.06	0.03	0.17	1.14	(0.78)	1.59	(1.71)	7.15
SCAP	0.81	0.02	0.01	0.05	1.04	(0.90)	1.96	(1.52)	8.91
DHDG	0.37	0.02	0.01	0.10	0.50	(0.37)	0.91	(0.86)	3.06
Z	1.95	0.35	0.16	0.29	1.95	(2.32)	3.61	(3.61)	30.33
MBCC	0.59	(0.03)	0.00	(0.07)	0.00	0.00	1.05	(1.27)	4.33
MBBB	0.28	(0.03)	0.00	(0.32)	0.00	0.00	0.57	(0.66)	1.74
BZDYF	0.28	0.11	0.00	0.81	0.00	0.00	0.82	0.00	6.11
MBOX	0.64	(0.03)	0.00	(0.05)	0.00	0.00	1.08	(1.31)	5.51
MBNE	0.17	(0.03)	0.00	(0.77)	0.00	0.00	0.27	(0.54)	1.26

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