SEI Exchange Correlations

Etfs . USA . 
Etf . SEI Exchange Traded
SEIQ Etf  USD 36.41  0.09  0.25%   
The current 90-days correlation between SEI Exchange Traded and SEI Exchange Traded is 0.83 (i.e., Very poor diversification). The correlation of SEI Exchange 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.

SEI Exchange Correlation With Market

Poor diversification

The correlation between SEI Exchange Traded and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEI Exchange Traded 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 SEI Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with SEI Etf

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  0.95VIG Vanguard DividendPairCorr
  0.98VV Vanguard Large CapPairCorr
  0.97RSP Invesco SP 500 Sell-off TrendPairCorr
  0.98IWB iShares Russell 1000PairCorr
  0.98ESGU iShares ESG AwarePairCorr
  0.98DFAC Dimensional Core Equity Sell-off TrendPairCorr
  0.98SPLG SPDR Portfolio SPPairCorr
  0.82NVDL GraniteShares 15x LongPairCorr
  0.82NVDX T Rex 2XPairCorr
  0.82NVDU Direxion Daily NVDAPairCorr
  0.93CRPT First Trust SkyBridgePairCorr
  0.85BITX Volatility Shares Trust Upward RallyPairCorr
  0.83CONL GraniteShares ETF Trust Upward RallyPairCorr
  0.91DAPP VanEck Digital TransPairCorr
  0.88DPST Direxion Daily RegionalPairCorr
  0.92WGMI Valkyrie Bitcoin Miners Upward RallyPairCorr
  0.9BAC Bank of America Aggressive PushPairCorr
  0.95CSCO Cisco Systems Aggressive PushPairCorr
  0.78CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.87CVX Chevron Corp Sell-off TrendPairCorr
  0.78HD Home Depot Sell-off TrendPairCorr
  0.9AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.89WMT Walmart Aggressive PushPairCorr
  0.86INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.83DIS Walt Disney Aggressive PushPairCorr

Moving against SEI Etf

  0.81MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.78JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.68PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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SEI Exchange Constituents Risk-Adjusted Indicators

There is a big difference between SEI Etf performing well and SEI Exchange 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 SEI Exchange'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.

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