Performance Trust Correlations

STBF Etf

25.49 0.01 0.04%

The current 90-days correlation between Performance Trust Short and Direxion Daily MSCI is 0.02 (i.e., Significant diversification). The correlation of Performance Trust 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.

Performance Trust Correlation With Market

Very poor diversification

The correlation between Performance Trust Short and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Trust Short and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Performance Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Performance Trust Short. 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 labor statistics.

Moving together with Performance Etf

0.97	ISTB	iShares Core 1	Pair Corr
0.98	SUSB	iShares ESG 1	Pair Corr
0.67	VTI	Vanguard Total Stock	Pair Corr
0.8	FB	ProShares Trust ProShares	Pair Corr
0.73	VBK	Vanguard Small Cap	Pair Corr
0.9	EEM	iShares MSCI Emerging	Pair Corr
0.96	JPST	JPMorgan Ultra Short	Pair Corr
0.91	DUKH	Ocean Park High	Pair Corr
0.88	UMAY	Innovator ETFs Trust	Pair Corr
0.91	QLV	FlexShares Quality Low	Pair Corr
0.93	BMVP	Invesco Bloomberg MVP	Pair Corr
0.95	BSMS	Invesco BulletShares 2028	Pair Corr
0.82	XAUG	FT Cboe Vest	Pair Corr
0.85	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.93	CCNR	CoreCommodity Natural	Pair Corr
0.89	PFFA	Virtus InfraCap Preferred	Pair Corr
0.76	PSFD	Pacer Swan SOS	Pair Corr
0.79	TERG	Leverage Shares 2X	Pair Corr
0.95	UDI	USCF ETF Trust	Pair Corr
0.95	REGL	ProShares SP MidCap	Pair Corr
0.91	FPXE	First Trust IPOX	Pair Corr
0.95	WLDR	Affinity World Leaders	Pair Corr
0.94	SCDV	ETF Series Solutions	Pair Corr
0.95	NCPB	Nuveen Core Plus	Pair Corr

Moving against Performance Etf

0.92	NFLX	Netflix Aggressive Push	Pair Corr
0.36	GBTC	Grayscale Bitcoin Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.29	-0.34	0.39	0.14	-0.42	-0.06	0.36	0.36	0.35	META
MSFT	-0.29		0.82	-0.6	-0.77	0.76	0.87	0.08	-0.88	-0.93	MSFT
UBER	-0.34	0.82		-0.55	-0.65	0.82	0.65	-0.07	-0.8	-0.8	UBER
F	0.39	-0.6	-0.55		0.23	-0.5	-0.35	0.26	0.75	0.65	F
T	0.14	-0.77	-0.65	0.23		-0.55	-0.81	-0.16	0.59	0.68	T
A	-0.42	0.76	0.82	-0.5	-0.55		0.59	-0.01	-0.68	-0.81	A
CRM	-0.06	0.87	0.65	-0.35	-0.81	0.59		0.43	-0.69	-0.85	CRM
JPM	0.36	0.08	-0.07	0.26	-0.16	-0.01	0.43		0.2	-0.11	JPM
MRK	0.36	-0.88	-0.8	0.75	0.59	-0.68	-0.69	0.2		0.88	MRK
XOM	0.35	-0.93	-0.8	0.65	0.68	-0.81	-0.85	-0.11	0.88		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.88	MRK
CRM	+ 0.87	MSFT
UBER	+ 0.82	MSFT
A	+ 0.82	UBER
A	+ 0.76	MSFT
MRK	+ 0.75	F

High negative correlations

XOM	- 0.93	MSFT
MRK	- 0.88	MSFT
XOM	- 0.85	CRM
XOM	- 0.81	A
CRM	- 0.81	T
XOM	- 0.8	UBER

Performance Trust Competition Risk-Adjusted Indicators

There is a big difference between Performance Etf performing well and Performance Trust 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 Performance Trust'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
META	1.50	0.07	0.03	0.16	1.44	(1.78)	3.43	(2.60)	13.69
MSFT	1.29	(0.39)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.56	(0.35)	0.00	(0.63)	0.00	0.00	2.46	(3.82)	11.09
F	1.22	0.05	0.03	0.13	1.21	(1.46)	3.34	(2.30)	7.16
T	1.00	0.15	0.07	(19.14)	0.94	(1.16)	3.87	(1.76)	7.44
A	1.26	(0.35)	0.00	(0.21)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.69	(0.47)	0.00	(0.39)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.20	(0.06)	(0.02)	0.03	1.61	(1.29)	2.34	(2.63)	7.38
MRK	1.27	0.38	0.26	0.64	0.97	(1.50)	2.93	(1.98)	8.74
XOM	1.29	0.31	0.18	1.25	1.17	(1.46)	2.90	(2.44)	6.83

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