SEI Exchange Correlations

Etfs . USA . 
Etf . SEI Exchange Traded
SELV Etf  USD 30.87  0.04  0.13%   
The current 90-days correlation between SEI Exchange Traded and SEI Exchange Traded is 0.65 (i.e., 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

Very poor diversification

The correlation between SEI Exchange Traded and DJI is 0.8 (i.e., Very 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 bureau of economic analysis.

Moving together with SEI Etf

  0.96VTV Vanguard Value IndexPairCorr
  0.95VYM Vanguard High DividendPairCorr
  0.97IWD iShares Russell 1000PairCorr
  0.95DGRO iShares Core DividendPairCorr
  0.98IVE iShares SP 500PairCorr
  0.97DVY iShares Select DividendPairCorr
  0.98SPYV SPDR Portfolio SPPairCorr
  0.92FVD First Trust ValuePairCorr
  0.98IUSV iShares Core SPPairCorr
  0.82NOBL ProShares SP 500PairCorr
  0.69NVDL GraniteShares 15x LongPairCorr
  0.69NVDX T Rex 2XPairCorr
  0.7NVDU Direxion Daily NVDAPairCorr
  0.89CRPT First Trust SkyBridgePairCorr
  0.86BITX Volatility Shares TrustPairCorr
  0.82CONL GraniteShares ETF TrustPairCorr
  0.88DAPP VanEck Digital TransPairCorr
  0.88DPST Direxion Daily RegionalPairCorr
  0.87WGMI Valkyrie Bitcoin MinersPairCorr
  0.79HD Home DepotPairCorr
  0.84CVX Chevron Corp Sell-off TrendPairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.91WMT Walmart Aggressive PushPairCorr
  0.74CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.89CSCO Cisco Systems Sell-off TrendPairCorr
  0.86DIS Walt Disney Sell-off TrendPairCorr
  0.67HPQ HP IncPairCorr
  0.85TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against SEI Etf

  0.71MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.66PFE Pfizer Inc Aggressive PushPairCorr
  0.59BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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