SMART Trend Correlations

STRN Etf

USD 22.00 0.22 0.99%

The current 90-days correlation between SMART Trend 25 and Invesco DWA Industrials is 0.83 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SMART Trend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SMART Trend 25 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SMART Trend Correlation With Market

Poor diversification

The correlation between SMART Trend 25 and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMART Trend 25 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SMART Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SMART Trend 25. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with SMART Etf

0.69	VTI	Vanguard Total Stock	Pair Corr
0.63	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.65	VV	Vanguard Large Cap	Pair Corr
0.67	IWB	iShares Russell 1000	Pair Corr
0.61	DFAC	Dimensional Core Equity	Pair Corr
0.71	TOT	Advisor Managed Port	Pair Corr
0.68	EMC	Global X Funds	Pair Corr
0.77	QULL	ETRACS 2x Leveraged	Pair Corr
0.62	SCZ	iShares MSCI EAFE	Pair Corr
0.67	XLK	Technology Select Sector	Pair Corr
0.63	VOO	Vanguard SP 500 Sell-off Trend	Pair Corr

Moving against SMART Etf

0.53

VXX

iPath Series B

Pair Corr

Related Correlations Analysis

	PRN	SEIQ	FDG	PFUT	XOVR	GDE	AGOX	IQSU	CSMD	QQA
PRN		0.42	0.59	0.71	0.76	0.16	0.74	0.4	0.6	0.48	PRN
SEIQ	0.42		0.38	0.42	0.14	0.68	0.02	0.83	0.1	0.66	SEIQ
FDG	0.59	0.38		0.13	0.2	0.23	0.3	0.44	0.04	0.53	FDG
PFUT	0.71	0.42	0.13		0.73	0.03	0.74	0.24	0.75	0.24	PFUT
XOVR	0.76	0.14	0.2	0.73		-0.14	0.84	0.15	0.74	0.24	XOVR
GDE	0.16	0.68	0.23	0.03	-0.14		-0.26	0.76	-0.23	0.63	GDE
AGOX	0.74	0.02	0.3	0.74	0.84	-0.26		-0.01	0.75	0.13	AGOX
IQSU	0.4	0.83	0.44	0.24	0.15	0.76	-0.01		-0.03	0.92	IQSU
CSMD	0.6	0.1	0.04	0.75	0.74	-0.23	0.75	-0.03		0.0	CSMD
QQA	0.48	0.66	0.53	0.24	0.24	0.63	0.13	0.92	0.0		QQA
	PRN	SEIQ	FDG	PFUT	XOVR	GDE	AGOX	IQSU	CSMD	QQA

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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

QQA	+ 0.92	IQSU
AGOX	+ 0.84	XOVR
IQSU	+ 0.83	SEIQ
XOVR	+ 0.76	PRN
IQSU	+ 0.76	GDE
CSMD	+ 0.75	PFUT

High negative correlations

AGOX	- 0.26	GDE
CSMD	- 0.23	GDE
GDE	- 0.14	XOVR
CSMD	- 0.03	IQSU
IQSU	- 0.01	AGOX
QQA	- 0.0	CSMD

SMART Trend Constituents Risk-Adjusted Indicators

There is a big difference between SMART Etf performing well and SMART Trend 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 SMART Trend'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
PRN	1.58	(0.05)	0.00	0.04	2.28	(1.45)	3.17	(3.68)	8.75
SEIQ	0.46	(0.02)	(0.06)	0.04	0.54	(0.50)	1.11	(0.87)	2.39
FDG	0.85	0.09	0.04	0.44	1.15	(0.83)	1.93	(2.09)	5.24
PFUT	0.78	(0.11)	0.00	(0.04)	0.00	0.00	1.27	(1.94)	4.12
XOVR	0.97	(0.11)	0.00	(0.03)	0.00	0.00	1.86	(2.73)	5.46
GDE	1.25	0.14	0.07	0.18	1.73	(1.25)	2.71	(2.55)	9.98
AGOX	0.70	(0.12)	0.00	(0.07)	0.00	0.00	1.35	(1.43)	4.57
IQSU	0.62	0.00	(0.01)	0.06	0.80	(0.64)	1.31	(1.08)	3.30
CSMD	0.95	(0.06)	0.00	0.35	0.00	0.00	1.86	(2.43)	6.58
QQA	0.68	0.00	(0.01)	0.06	0.92	(0.70)	1.29	(1.57)	4.10

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