Bushido Capital Correlations

SMRI Etf

32.31 0.50 1.52%

The current 90-days correlation between Bushido Capital Equity and JPMorgan Fundamental Data is 0.08 (i.e., Significant diversification). The correlation of Bushido Capital 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.

Bushido Capital Correlation With Market

Average diversification

The correlation between Bushido Capital Equity and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bushido Capital Equity 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 Bushido Capital Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Bushido Etf

0.69	JPM	JPMorgan Chase	Pair Corr
0.65	AXP	American Express	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.9	BAC	Bank of America	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr

Moving against Bushido Etf

0.42	XDJA	Innovator ETFs Trust	Pair Corr
0.63	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MCDS	DINT	DISV	PY	VB	VO	MDYG	MDYV	XC
MCDS		0.49	0.58	0.8	0.75	0.91	0.87	0.91	0.35	MCDS
DINT	0.49		0.63	0.46	0.49	0.47	0.57	0.49	0.84	DINT
DISV	0.58	0.63		0.53	0.51	0.58	0.57	0.59	0.56	DISV
PY	0.8	0.46	0.53		0.97	0.88	0.85	0.85	0.34	PY
VB	0.75	0.49	0.51	0.97		0.86	0.86	0.83	0.41	VB
VO	0.91	0.47	0.58	0.88	0.86		0.96	0.98	0.39	VO
MDYG	0.87	0.57	0.57	0.85	0.86	0.96		0.97	0.54	MDYG
MDYV	0.91	0.49	0.59	0.85	0.83	0.98	0.97		0.4	MDYV
XC	0.35	0.84	0.56	0.34	0.41	0.39	0.54	0.4		XC
	MCDS	DINT	DISV	PY	VB	VO	MDYG	MDYV	XC

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Bushido Capital Constituents Risk-Adjusted Indicators

There is a big difference between Bushido Etf performing well and Bushido Capital 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 Bushido Capital'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
MCDS	0.49	0.03	0.00	0.11	0.58	(0.90)	1.26	(0.91)	6.57
DINT	0.91	(0.12)	0.00	(1.32)	0.00	0.00	1.70	(2.09)	7.17
DISV	0.61	(0.01)	(0.07)	0.01	0.87	(0.57)	1.26	(1.69)	3.82
PY	0.58	0.03	(0.02)	0.13	0.65	(0.66)	1.20	(0.83)	6.04
VB	0.83	0.05	0.02	0.15	1.02	(0.85)	1.60	(1.16)	8.20
VO	0.65	0.03	0.01	0.11	0.76	(0.73)	1.37	(0.99)	6.01
MDYG	0.78	(0.01)	(0.02)	0.06	1.01	(0.86)	1.61	(1.34)	7.63
MDYV	0.73	0.02	0.01	0.09	0.89	(0.81)	1.52	(1.10)	8.44
XC	0.67	(0.09)	0.00	(0.24)	0.00	0.00	1.09	(1.40)	4.47

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