CrossingBridge Pre Correlations

SPCDelisted Etf

USD 18.98 0.01 0.05%

The current 90-days correlation between CrossingBridge Pre and First Trust Horizon is -0.04 (i.e., Good diversification). The correlation of CrossingBridge Pre 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.

CrossingBridge Pre Correlation With Market

Very good diversification

The correlation between CrossingBridge Pre Merger SPAC and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CrossingBridge Pre Merger SPAC and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 against CrossingBridge Etf

0.31	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.38	DXJ	WisdomTree Japan Hedged	Pair Corr
0.34	AVMC	American Century ETF	Pair Corr
0.31	FNK	First Trust Mid	Pair Corr
0.35	CVMC	Morgan Stanley ETF	Pair Corr
0.33	ERET	iShares Environmentally	Pair Corr
0.33	CFA	VictoryShares 500	Pair Corr
0.33	FIDU	Fidelity MSCI Industrials	Pair Corr
0.31	IGEB	iShares Edge Investment	Pair Corr
0.31	FEM	First Trust Emerging	Pair Corr

Related Correlations Analysis

	LOGO	KQQQ	EGUS	JMID	YFYA	OASC	UXI	URAA	HFGM	HSMV
LOGO		0.88	0.94	0.23	-0.52	-0.37	-0.72	-0.32	-0.6	-0.81	LOGO
KQQQ	0.88		0.95	0.04	-0.59	-0.53	-0.78	-0.29	-0.59	-0.86	KQQQ
EGUS	0.94	0.95		0.12	-0.6	-0.48	-0.77	-0.37	-0.62	-0.85	EGUS
JMID	0.23	0.04	0.12		0.56	0.71	0.44	0.61	0.51	0.33	JMID
YFYA	-0.52	-0.59	-0.6	0.56		0.9	0.92	0.86	0.95	0.85	YFYA
OASC	-0.37	-0.53	-0.48	0.71	0.9		0.88	0.76	0.86	0.8	OASC
UXI	-0.72	-0.78	-0.77	0.44	0.92	0.88		0.73	0.92	0.97	UXI
URAA	-0.32	-0.29	-0.37	0.61	0.86	0.76	0.73		0.88	0.61	URAA
HFGM	-0.6	-0.59	-0.62	0.51	0.95	0.86	0.92	0.88		0.87	HFGM
HSMV	-0.81	-0.86	-0.85	0.33	0.85	0.8	0.97	0.61	0.87		HSMV
	LOGO	KQQQ	EGUS	JMID	YFYA	OASC	UXI	URAA	HFGM	HSMV

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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

HSMV	+ 0.97	UXI
EGUS	+ 0.95	KQQQ
HFGM	+ 0.95	YFYA
EGUS	+ 0.94	LOGO
UXI	+ 0.92	YFYA
HFGM	+ 0.92	UXI

High negative correlations

HSMV	- 0.86	KQQQ
HSMV	- 0.85	EGUS
HSMV	- 0.81	LOGO
UXI	- 0.78	KQQQ
UXI	- 0.77	EGUS
UXI	- 0.72	LOGO

CrossingBridge Pre Constituents Risk-Adjusted Indicators

There is a big difference between CrossingBridge Etf performing well and CrossingBridge Pre 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 CrossingBridge Pre'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
LOGO	0.61	(0.08)	0.00	(0.02)	0.00	0.00	0.96	(1.59)	3.85
KQQQ	0.82	(0.11)	0.00	(0.07)	0.00	0.00	1.42	(2.11)	5.87
EGUS	0.79	(0.11)	0.00	(0.05)	0.00	0.00	1.44	(1.94)	5.38
JMID	0.75	0.00	0.00	0.08	0.85	(0.84)	1.52	(1.57)	5.89
YFYA	0.12	0.01	(0.27)	0.16	0.00	(0.18)	0.30	(0.20)	0.92
OASC	0.73	0.06	0.09	0.14	0.65	(0.91)	1.76	(1.36)	5.15
UXI	1.44	0.34	0.21	0.26	1.54	(1.57)	3.26	(2.93)	8.33
URAA	4.99	0.74	0.15	0.33	5.63	(5.50)	11.56	(11.12)	32.16
HFGM	1.28	0.22	0.12	0.25	1.59	(1.35)	2.31	(2.35)	9.79
HSMV	0.45	0.07	0.06	0.25	0.23	(0.55)	1.01	(0.66)	2.50

Delisting Warning - SPC

CrossingBridge Pre was delisted

The entity CrossingBridge Pre Merger SPAC with a symbol SPC was delisted from NASDAQ Exchange. Please try Trust for Professional with a symbol CUSD from now on. Check all delisted instruments accross multiple markets.

Still Interested in CrossingBridge Pre Merger SPAC?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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