SoFi Social Correlations

Etfs . USA . 
Etf . SoFi Social 50
SFYF Etf  USD 44.66  0.47  1.06%   
The current 90-days correlation between SoFi Social 50 and SoFi Next 500 is 0.16 (i.e., Average diversification). The correlation of SoFi Social 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.

SoFi Social Correlation With Market

Modest diversification

The correlation between SoFi Social 50 and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoFi Social 50 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 SoFi Social 50. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with SoFi Etf

  0.71VUG Vanguard Growth IndexPairCorr
  0.72IWF iShares Russell 1000PairCorr
  0.7IVW iShares SP 500PairCorr
  0.7SPYG SPDR Portfolio SPPairCorr
  0.68IUSG iShares Core SPPairCorr
  0.96VONG Vanguard Russell 1000PairCorr
  0.73MGK Vanguard Mega CapPairCorr
  0.72VRGWX Vanguard Russell 1000PairCorr
  0.67QQQM Invesco NASDAQ 100PairCorr
  0.95IWY iShares Russell TopPairCorr

Moving against SoFi Etf

  0.41KONG Formidable Fortress ETFPairCorr
  0.38SHLD Global X FundsPairCorr
  0.61HPQ HP IncPairCorr
  0.59INTC IntelPairCorr
  0.5AA Alcoa CorpPairCorr
  0.38CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.38JNJ Johnson JohnsonPairCorr
  0.38DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.32TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

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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   
PEJ
+ 0.78
SFYX
PEJ
+ 0.71
SFY
SFY
+ 0.68
SFYX
TGIF
+ 0.0
SFYX
WKLY
+ 0.0
SFYX
SFY
+ 0.0
TGIF
  
High negative correlations   
PEJ
- 0.0
WKLY
WKLY
- 0.0
SFY
PEJ
- 0.0
TGIF
WKLY
- 0.0
TGIF
SFY
- 0.0
TGIF
WKLY
- 0.0
SFYX

SoFi Social Constituents Risk-Adjusted Indicators

There is a big difference between SoFi Etf performing well and SoFi Social 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 SoFi Social'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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