REX IncomeMax Correlations

ULTI Etf

USD 16.18 0.88 5.16%

The current 90-days correlation between REX IncomeMax Option and Invesco Exchange Traded is 0.24 (i.e., Modest diversification). The correlation of REX IncomeMax 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.

REX IncomeMax Correlation With Market

Good diversification

The correlation between REX IncomeMax Option and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REX IncomeMax Option and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with REX Etf

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

Moving together with REX Etf

0.78

IRE

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Pair Corr

Moving against REX Etf

0.45	DNOV	FT Cboe Vest	Pair Corr
0.4	BND	Vanguard Total Bond	Pair Corr
0.37	PMAY	Innovator SP 500	Pair Corr
0.34	PJAN	Innovator SP 500	Pair Corr
0.31	BUFD	FT Cboe Vest	Pair Corr
0.31	ACII	Innovator ETFs Trust	Pair Corr
0.31	VTV	Vanguard Value Index	Pair Corr
0.49	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.45	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.33	AA	Alcoa Corp Downward Rally	Pair Corr
0.31	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	HTUS	DHSB	QNXT	MBOX	DIEM	MCHI	QOWZ	DIVD	DIVG
HTUS		0.93	0.7	0.8	0.7	-0.02	0.35	0.83	0.78	HTUS
DHSB	0.93		0.67	0.88	0.8	0.01	0.28	0.9	0.87	DHSB
QNXT	0.7	0.67		0.61	0.55	0.36	0.79	0.43	0.59	QNXT
MBOX	0.8	0.88	0.61		0.9	0.13	0.1	0.94	0.96	MBOX
DIEM	0.7	0.8	0.55	0.9		0.36	0.03	0.81	0.78	DIEM
MCHI	-0.02	0.01	0.36	0.13	0.36		0.3	-0.12	-0.01	MCHI
QOWZ	0.35	0.28	0.79	0.1	0.03	0.3		-0.06	0.14	QOWZ
DIVD	0.83	0.9	0.43	0.94	0.81	-0.12	-0.06		0.93	DIVD
DIVG	0.78	0.87	0.59	0.96	0.78	-0.01	0.14	0.93		DIVG
	HTUS	DHSB	QNXT	MBOX	DIEM	MCHI	QOWZ	DIVD	DIVG

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

DIVG	+ 0.96	MBOX
DIVD	+ 0.94	MBOX
DHSB	+ 0.93	HTUS
DIVG	+ 0.93	DIVD
DIVD	+ 0.9	DHSB
DIEM	+ 0.9	MBOX

High negative correlations

DIVD	- 0.12	MCHI
DIVD	- 0.06	QOWZ
MCHI	- 0.02	HTUS
DIVG	- 0.01	MCHI

REX IncomeMax Constituents Risk-Adjusted Indicators

There is a big difference between REX Etf performing well and REX IncomeMax 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 REX IncomeMax'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
HTUS	0.47	0.01	(0.02)	0.09	0.56	(0.51)	0.89	(0.99)	3.54
DHSB	0.24	0.00	(0.12)	0.07	0.32	(0.24)	0.47	(0.59)	1.69
QNXT	0.73	(0.06)	(0.07)	0.01	0.89	(0.80)	1.42	(1.55)	3.46
MBOX	0.56	0.03	0.02	0.11	0.52	(0.62)	1.12	(0.95)	2.58
DIEM	0.52	0.11	0.13	0.27	0.39	(0.60)	1.36	(1.14)	2.70
MCHI	0.84	(0.05)	(0.08)	(0.01)	0.94	(0.93)	1.72	(1.49)	5.30
QOWZ	0.70	(0.12)	0.00	(0.05)	0.00	0.00	1.20	(1.56)	3.94
DIVD	0.53	0.09	0.12	0.21	0.35	(0.63)	1.33	(1.09)	3.15
DIVG	0.55	0.01	(0.02)	0.08	0.59	(0.62)	1.45	(1.19)	3.19

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