NEOS Enhanced Correlations

TLTI Etf

46.41 0.26 0.56%

The current 90-days correlation between NEOS Enhanced Income and Simplify Exchange Traded is 0.23 (i.e., Modest diversification). The correlation of NEOS Enhanced 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.

NEOS Enhanced Correlation With Market

Modest diversification

The correlation between NEOS Enhanced Income and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEOS Enhanced Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NEOS Etf

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

Moving together with NEOS Etf

0.66	ELON	Battleshares TSLA	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.74	PG	Procter Gamble Earnings Call This Week	Pair Corr

Moving against NEOS Etf

0.54	VEA	Vanguard FTSE Developed	Pair Corr
0.54	MRK	Merck Company Sell-off Trend	Pair Corr
0.49	VTV	Vanguard Value Index	Pair Corr
0.37	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.36	VB	Vanguard Small Cap	Pair Corr
0.6	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.56	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.53	JPM	JPMorgan Chase	Pair Corr
0.47	BAC	Bank of America	Pair Corr
0.45	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.44	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.41	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.33	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.33	-0.42	0.24	-0.28	0.41	-0.19	-0.36	-0.43	META
MSFT	0.6		0.81	-0.55	0.46	0.01	0.09	-0.46	-0.83	-0.69	MSFT
UBER	0.33	0.81		-0.5	0.44	0.29	-0.16	-0.5	-0.81	-0.56	UBER
F	-0.42	-0.55	-0.5		-0.7	0.16	0.26	0.64	0.71	0.75	F
T	0.24	0.46	0.44	-0.7		0.28	-0.52	-0.61	-0.5	-0.62	T
A	-0.28	0.01	0.29	0.16	0.28		-0.54	-0.24	-0.02	-0.02	A
CRM	0.41	0.09	-0.16	0.26	-0.52	-0.54		0.54	0.16	0.11	CRM
JPM	-0.19	-0.46	-0.5	0.64	-0.61	-0.24	0.54		0.64	0.54	JPM
MRK	-0.36	-0.83	-0.81	0.71	-0.5	-0.02	0.16	0.64		0.8	MRK
XOM	-0.43	-0.69	-0.56	0.75	-0.62	-0.02	0.11	0.54	0.8		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

UBER	+ 0.81	MSFT
XOM	+ 0.8	MRK
XOM	+ 0.75	F
MRK	+ 0.71	F
JPM	+ 0.64	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.83	MSFT
MRK	- 0.81	UBER
T	- 0.7	F
XOM	- 0.69	MSFT
XOM	- 0.62	T
JPM	- 0.61	T

NEOS Enhanced Competition Risk-Adjusted Indicators

There is a big difference between NEOS Etf performing well and NEOS Enhanced 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 NEOS Enhanced'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	1.33	(0.30)	0.00	(0.22)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.93	(0.22)	0.00	(0.40)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.45	(0.24)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.41	0.16	0.14	0.21	1.25	(1.70)	3.38	(2.35)	16.30
T	0.90	(0.14)	0.00	(0.27)	0.00	0.00	1.63	(1.85)	5.78
A	1.09	(0.04)	(0.02)	0.06	1.21	(1.20)	2.34	(2.09)	6.50
CRM	1.58	(0.18)	0.00	(0.08)	0.00	0.00	3.66	(3.61)	12.37
JPM	1.14	(0.13)	(0.05)	0.01	1.66	(1.13)	2.00	(2.34)	7.38
MRK	1.22	0.32	0.24	0.48	0.97	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.22	0.10	2.79	0.97	(1.22)	2.37	(1.51)	5.82

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