AXS Investments Correlations

TLTM Etf

20.44 0.05 0.24%

The current 90-days correlation between AXS Investments and AXS 15X PYPL is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AXS Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AXS Investments moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AXS Investments Correlation With Market

Significant diversification

The correlation between AXS Investments and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AXS Investments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AXS Etf

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 persons.

Moving together with AXS Etf

0.63

TMF

Direxion Daily 20

Pair Corr

Moving against AXS Etf

0.74	LABU	Direxion Daily SP	Pair Corr
0.64	MLPR	ETRACS Quarterly Pay	Pair Corr
0.55	FGD	First Trust Dow	Pair Corr
0.55	TYLD	Cambria ETF Trust	Pair Corr
0.47	DGP	DB Gold Double	Pair Corr
0.46	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.42	PCY	Invesco Emerging Markets	Pair Corr
0.42	IHYF	Invesco High Yield	Pair Corr
0.39	DIG	ProShares Ultra Oil	Pair Corr
0.39	AGQ	ProShares Ultra Silver Downward Rally	Pair Corr
0.32	RSSE	First Trust Exchange	Pair Corr
0.31	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.74	TBXU	Direxion Shares ETF	Pair Corr
0.62	DJD	Invesco Dow Jones	Pair Corr
0.56	BOXX	Alpha Architect 1	Pair Corr
0.48	HAP	VanEck Natural Resources	Pair Corr
0.46	VSHY	Virtus ETF Trust	Pair Corr
0.4	SLX	VanEck Steel ETF	Pair Corr
0.39	FNDF	Schwab Fundamental	Pair Corr
0.39	FDVV	Fidelity High Dividend	Pair Corr
0.38	FTBI	First Trust Exchange	Pair Corr
0.36	RFDI	First Trust RiverFront	Pair Corr
0.33	FNDC	Schwab Fundamental	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.5	0.32	-0.45	0.3	-0.24	0.34	-0.22	-0.32	-0.43	META
MSFT	0.5		0.81	-0.55	0.46	0.03	0.09	-0.46	-0.83	-0.66	MSFT
UBER	0.32	0.81		-0.49	0.47	0.32	-0.16	-0.47	-0.78	-0.54	UBER
F	-0.45	-0.55	-0.49		-0.7	0.02	0.26	0.64	0.71	0.74	F
T	0.3	0.46	0.47	-0.7		0.32	-0.52	-0.61	-0.5	-0.65	T
A	-0.24	0.03	0.32	0.02	0.32		-0.56	-0.29	-0.09	-0.09	A
CRM	0.34	0.09	-0.16	0.26	-0.52	-0.56		0.54	0.16	0.14	CRM
JPM	-0.22	-0.46	-0.47	0.64	-0.61	-0.29	0.54		0.64	0.53	JPM
MRK	-0.32	-0.83	-0.78	0.71	-0.5	-0.09	0.16	0.64		0.78	MRK
XOM	-0.43	-0.66	-0.54	0.74	-0.65	-0.09	0.14	0.53	0.78		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	+ 0.78	MRK
XOM	+ 0.74	F
MRK	+ 0.71	F
JPM	+ 0.64	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.83	MSFT
MRK	- 0.78	UBER
T	- 0.7	F
XOM	- 0.66	MSFT
XOM	- 0.65	T
JPM	- 0.61	T

AXS Investments Competition Risk-Adjusted Indicators

There is a big difference between AXS Etf performing well and AXS Investments 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 AXS Investments' 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	1.32	(0.28)	0.00	(0.20)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.93	(0.17)	0.00	1.61	0.00	0.00	1.65	(2.50)	4.90
UBER	1.46	(0.23)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.41	0.28	0.14	1.45	1.25	(1.70)	3.38	(2.35)	16.30
T	0.90	(0.10)	0.00	3.59	0.00	0.00	1.63	(1.85)	5.78
A	1.14	(0.09)	(0.05)	0.02	1.39	(1.20)	2.34	(2.22)	6.50
CRM	1.58	(0.08)	0.00	(4.41)	0.00	0.00	3.66	(3.61)	12.37
JPM	1.14	0.00	(0.04)	0.09	1.66	(1.13)	2.00	(2.34)	7.38
MRK	1.22	0.36	0.25	0.78	0.97	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.23	0.12	2.92	0.98	(1.24)	2.37	(1.51)	5.82

AXS Investments Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AXS Investments etf to make a market-neutral strategy. Peer analysis of AXS Investments could also be used in its relative valuation, which is a method of valuing AXS Investments by comparing valuation metrics with similar companies.

AXS 15X PYPL AXS Investments AXS Investments AXS Investments AXS Investments AXS Investments AXS Investments AXS Investments American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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