REX IncomeMax Correlations

ULTI Etf

USD 12.69 0.01 0.08%

The current 90-days correlation between REX IncomeMax Option and Innovator SP 500 is 0.02 (i.e., Significant 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

Very good diversification

The correlation between REX IncomeMax Option and DJI is -0.26 (i.e., Very 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 persons.

Moving against REX Etf

0.32	DNOV	FT Cboe Vest	Pair Corr
0.32	PMAY	Innovator SP 500	Pair Corr
0.39	UDI	USCF ETF Trust	Pair Corr
0.39	FB	ProShares Trust ProShares	Pair Corr
0.35	FHLC	Fidelity MSCI Health	Pair Corr
0.32	XYLD	Global X SP	Pair Corr
0.31	TAXT	Northern Trust Tax	Pair Corr
0.48	DFSD	Dimensional ETF Trust	Pair Corr
0.34	LVHI	Franklin International	Pair Corr
0.33	REGL	ProShares SP MidCap	Pair Corr
0.31	BSMS	Invesco BulletShares 2028	Pair Corr

Related Correlations Analysis

	GNOV	GOCT	DAPR	DMAY	BSEP	DSEP	USEP
GNOV		0.94	0.93	0.94	0.93	0.93	0.94	GNOV
GOCT	0.94		0.95	0.98	1.0	1.0	0.99	GOCT
DAPR	0.93	0.95		0.99	0.94	0.94	0.96	DAPR
DMAY	0.94	0.98	0.99		0.98	0.98	0.98	DMAY
BSEP	0.93	1.0	0.94	0.98		1.0	0.99	BSEP
DSEP	0.93	1.0	0.94	0.98	1.0		0.99	DSEP
USEP	0.94	0.99	0.96	0.98	0.99	0.99		USEP
	GNOV	GOCT	DAPR	DMAY	BSEP	DSEP	USEP

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
GNOV	0.25	0.04	(0.04)	(0.64)	0.23	(0.28)	0.48	(0.45)	2.02
GOCT	0.27	0.00	(0.08)	0.05	0.34	(0.28)	0.54	(0.64)	1.90
DAPR	0.08	0.01	(0.27)	0.18	0.00	(0.09)	0.23	(0.18)	0.67
DMAY	0.17	0.01	(0.10)	0.09	0.17	(0.18)	0.39	(0.46)	1.40
BSEP	0.34	0.00	(0.05)	0.05	0.45	(0.33)	0.67	(0.78)	2.33
DSEP	0.26	0.00	(0.10)	0.04	0.32	(0.28)	0.54	(0.67)	1.93
USEP	0.23	0.00	(0.11)	0.05	0.27	(0.23)	0.52	(0.53)	1.52

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REX IncomeMax Correlations

REX IncomeMax Correlation With Market

Very good diversification

Moving against REX Etf

Related Correlations Analysis

REX IncomeMax Constituents Risk-Adjusted Indicators

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