REX IncomeMax Correlations
| ULTI Etf | USD 15.69 0.15 0.95% |
The current 90-days correlation between REX IncomeMax Option and FT Cboe Vest is 0.11 (i.e., Average 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
Significant diversification
The correlation between REX IncomeMax Option and DJI is 0.07 (i.e., Significant 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.
Moving against REX Etf
Related Correlations Analysis
| 0.99 | 0.98 | 0.88 | 0.94 | 0.92 | FSEP | ||
| 0.99 | 0.99 | 0.91 | 0.94 | 0.95 | FJUL | ||
| 0.98 | 0.99 | 0.94 | 0.94 | 0.98 | FJUN | ||
| 0.88 | 0.91 | 0.94 | 0.91 | 0.97 | FNOV | ||
| 0.94 | 0.94 | 0.94 | 0.91 | 0.91 | FOCT | ||
| 0.92 | 0.95 | 0.98 | 0.97 | 0.91 | FMAR | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSEP | 0.34 | (0.01) | (0.06) | 0.05 | 0.48 | 0.69 | 2.06 | |||
| FJUL | 0.31 | 0.00 | (0.06) | 0.06 | 0.40 | 0.55 | 1.90 | |||
| FJUN | 0.24 | 0.00 | (0.09) | 0.07 | 0.29 | 0.54 | 1.51 | |||
| FNOV | 0.32 | 0.02 | (0.01) | 0.11 | 0.38 | 0.85 | 2.11 | |||
| FOCT | 0.36 | 0.01 | (0.02) | 0.08 | 0.42 | 0.87 | 2.30 | |||
| FMAR | 0.19 | 0.01 | (0.11) | 0.09 | 0.20 | 0.52 | 1.20 |