Popular Total Correlations

TRAFX Etf

USD 32.93 0.02 0.06%

The current 90-days correlation between Popular Total Return and Defiance Daily Target is 0.33 (i.e., Weak diversification). The correlation of Popular Total 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Popular Total Correlation With Market

Almost no diversification

The correlation between Popular Total Return and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Popular Total Return and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Popular Etf

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

Moving together with Popular Etf

1.0	TRCFX	Popular Total Return	Pair Corr
0.98	SQCBX	X Square Balanced	Pair Corr
0.88	ALCBX	ALPSSmith Balanced	Pair Corr
0.86	ALIBX	ALPSSmith Balanced	Pair Corr
0.92	CPST	Calamos ETF Trust	Pair Corr
1.0	ITDD	iShares Trust	Pair Corr
0.7	VRAI	Virtus Real Asset	Pair Corr
0.89	UMDD	ProShares UltraPro	Pair Corr
0.87	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.92	DFIV	Dimensional International	Pair Corr
0.96	CPNJ	Calamos ETF Trust	Pair Corr
0.9	XTJL	Innovator Equity Acc	Pair Corr
0.74	PBJ	Invesco Dynamic Food	Pair Corr
0.95	ISEP	Innovator ETFs Trust	Pair Corr
0.9	DGRW	WisdomTree Quality	Pair Corr
0.87	VWO	Vanguard FTSE Emerging	Pair Corr
0.91	IYM	iShares Basic Materials	Pair Corr
0.93	AAAA	Amplius Aggressive Asset	Pair Corr
0.91	JEPI	JPMorgan Equity Premium	Pair Corr
0.96	DFE	WisdomTree Europe	Pair Corr
0.86	SPY	SPDR SP 500	Pair Corr
0.92	SMH	VanEck Semiconductor ETF	Pair Corr
0.89	FCVT	First Trust SSI	Pair Corr
0.92	NMAR	Innovator Growth 100	Pair Corr
0.75	TIPA	Northern Funds	Pair Corr
0.61	NYM	AB Active ETFs	Pair Corr
0.93	BNDY	Horizon Core Bond	Pair Corr
0.91	DBB	Invesco DB Base	Pair Corr
0.93	GMET	VanEck Vectors ETF	Pair Corr
0.88	SMIG	ETF Series Solutions	Pair Corr
0.94	EFO	ProShares Ultra MSCI	Pair Corr
0.87	TDSB	Cabana Target Drawdown	Pair Corr
0.83	VCLN	Virtus Duff Phelps	Pair Corr
0.89	FESM	Fidelity Enhanced Small	Pair Corr
0.86	SPYM	State Street SPDR Symbol Change	Pair Corr
0.7	NBET	Neuberger Berman Energy	Pair Corr
0.74	MBBB	VanEck Vectors Moodys	Pair Corr

Moving against Popular Etf

0.71

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.47	-0.53	0.48	0.19	-0.59	-0.09	0.33	0.51	0.49	META
MSFT	-0.47		0.75	-0.48	-0.52	0.65	0.75	-0.02	-0.77	-0.88	MSFT
UBER	-0.53	0.75		-0.42	-0.27	0.73	0.39	-0.19	-0.77	-0.68	UBER
F	0.48	-0.48	-0.42		-0.15	-0.35	-0.12	0.38	0.63	0.57	F
T	0.19	-0.52	-0.27	-0.15		-0.19	-0.67	-0.05	0.18	0.41	T
A	-0.59	0.65	0.73	-0.35	-0.19		0.35	-0.12	-0.57	-0.73	A
CRM	-0.09	0.75	0.39	-0.12	-0.67	0.35		0.42	-0.41	-0.75	CRM
JPM	0.33	-0.02	-0.19	0.38	-0.05	-0.12	0.42		0.27	-0.01	JPM
MRK	0.51	-0.77	-0.77	0.63	0.18	-0.57	-0.41	0.27		0.76	MRK
XOM	0.49	-0.88	-0.68	0.57	0.41	-0.73	-0.75	-0.01	0.76		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	+ 0.76	MRK
UBER	+ 0.75	MSFT
CRM	+ 0.75	MSFT
A	+ 0.73	UBER
A	+ 0.65	MSFT
MRK	+ 0.63	F

High negative correlations

XOM	- 0.88	MSFT
MRK	- 0.77	UBER
MRK	- 0.77	MSFT
XOM	- 0.75	CRM
XOM	- 0.73	A
XOM	- 0.68	UBER

Popular Total Competition Risk-Adjusted Indicators

There is a big difference between Popular Etf performing well and Popular Total 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 Popular Total'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	1.52	0.05	0.01	0.16	1.50	(1.77)	3.43	(2.67)	13.69
MSFT	1.34	(0.33)	0.00	(0.70)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.46	(0.39)	0.00	(0.62)	0.00	0.00	2.41	(3.82)	11.09
F	1.17	(0.01)	(0.01)	0.08	1.19	(1.42)	3.38	(2.35)	7.16
T	0.95	0.17	0.10	1.80	0.82	(1.08)	2.02	(1.54)	5.31
A	1.22	(0.29)	0.00	(0.16)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.68	(0.48)	0.00	(0.34)	0.00	0.00	2.94	(5.31)	12.37
JPM	1.21	(0.08)	(0.02)	0.03	1.66	(1.26)	2.34	(3.11)	7.38
MRK	1.31	0.49	0.32	1.17	0.99	(1.62)	3.59	(1.98)	8.09
XOM	1.17	0.44	0.27	3.48	0.92	(1.39)	2.69	(2.11)	5.85

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