Spinnaker ETF Correlations

TWIO Etf

USD 9.37 0.02 0.21%

The current 90-days correlation between Spinnaker ETF Series and TSJA is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spinnaker ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spinnaker ETF Series moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Spinnaker ETF Correlation With Market

Modest diversification

The correlation between Spinnaker ETF Series and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spinnaker ETF Series and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Spinnaker Etf

0.84	AOM	iShares Core Moderate	Pair Corr
0.86	HNDL	Strategy Shares Nasdaq	Pair Corr
0.79	AOK	iShares Core Conservative	Pair Corr
0.74	EAOK	iShares ESG Aware	Pair Corr
0.84	EAOM	iShares ESG Aware	Pair Corr
0.8	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.69	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.75	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	TSJA	WTMF	WLTH	UJUL	MPRO
TSJA		0.65	-0.2	0.89	-0.57	TSJA
WTMF	0.65		-0.25	0.61	-0.41	WTMF
WLTH	-0.2	-0.25		0.08	0.66	WLTH
UJUL	0.89	0.61	0.08		-0.34	UJUL
MPRO	-0.57	-0.41	0.66	-0.34		MPRO
	TSJA	WTMF	WLTH	UJUL	MPRO

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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

UJUL	+ 0.89	TSJA
MPRO	+ 0.66	WLTH
WTMF	+ 0.65	TSJA
UJUL	+ 0.61	WTMF
UJUL	+ 0.08	WLTH

High negative correlations

MPRO	- 0.57	TSJA
MPRO	- 0.41	WTMF
MPRO	- 0.34	UJUL
WLTH	- 0.25	WTMF
WLTH	- 0.2	TSJA

Spinnaker ETF Constituents Risk-Adjusted Indicators

There is a big difference between Spinnaker Etf performing well and Spinnaker ETF 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 Spinnaker ETF'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
TSJA	0.36	0.09	(0.05)	1.48	0.19	(0.43)	1.02	(0.57)	2.06
WTMF	0.53	(0.01)	(0.11)	0.09	0.69	(0.60)	0.79	(0.87)	7.93
WLTH	0.30	0.00	(0.25)	0.11	0.28	(0.42)	0.72	(0.59)	1.70
UJUL	0.28	0.00	(0.14)	0.12	0.29	(0.31)	0.60	(0.64)	1.90
MPRO	0.34	(0.02)	(0.24)	0.02	0.43	(0.32)	0.65	(0.68)	1.57

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