REX IncomeMax Correlations

ULTI Etf

USD 16.32 0.59 3.49%

The current 90-days correlation between REX IncomeMax Option and Tradr 2X Long is 0.05 (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 -0.23 (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 population.

Moving together with REX Etf

0.64	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.61	GBTC	Grayscale Bitcoin Trust	Pair Corr

Moving against REX Etf

0.51	DNOV	FT Cboe Vest	Pair Corr
0.44	PMAY	Innovator SP 500	Pair Corr
0.42	PJAN	Innovator SP 500	Pair Corr
0.37	ACII	Innovator ETFs Trust	Pair Corr
0.34	BUFD	FT Cboe Vest	Pair Corr
0.34	PJUL	Innovator SP 500	Pair Corr
0.34	PAUG	Innovator Equity Power	Pair Corr
0.32	JNUG	Direxion Daily Junior	Pair Corr
0.31	NUGT	Direxion Daily Gold	Pair Corr
0.64	MRK	Merck Company Earnings Call This Week	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.53	JNJ	Johnson Johnson	Pair Corr
0.52	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.48	WMT	Walmart Common Stock	Pair Corr
0.38	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	MCHI	DIPS	DISO	DIVB	DIVS	DIVZ	MDBX
DHSB		0.89	0.08	0.37	0.7	0.9	0.76	0.84	0.68	DHSB
MBOX	0.89		0.2	0.45	0.56	0.88	0.82	0.91	0.45	MBOX
MCHI	0.08	0.2		-0.56	0.19	-0.03	0.2	-0.1	-0.35	MCHI
DIPS	0.37	0.45	-0.56		-0.02	0.5	0.36	0.65	0.35	DIPS
DISO	0.7	0.56	0.19	-0.02		0.65	0.5	0.46	0.61	DISO
DIVB	0.9	0.88	-0.03	0.5	0.65		0.86	0.87	0.7	DIVB
DIVS	0.76	0.82	0.2	0.36	0.5	0.86		0.78	0.42	DIVS
DIVZ	0.84	0.91	-0.1	0.65	0.46	0.87	0.78		0.51	DIVZ
MDBX	0.68	0.45	-0.35	0.35	0.61	0.7	0.42	0.51		MDBX
	DHSB	MBOX	MCHI	DIPS	DISO	DIVB	DIVS	DIVZ	MDBX

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

DIVZ	+ 0.91	MBOX
DIVB	+ 0.9	DHSB
MBOX	+ 0.89	DHSB
DIVB	+ 0.88	MBOX
DIVZ	+ 0.87	DIVB
DIVS	+ 0.86	DIVB

High negative correlations

DIPS	- 0.56	MCHI
MDBX	- 0.35	MCHI
DIVZ	- 0.1	MCHI
DIVB	- 0.03	MCHI
DISO	- 0.02	DIPS

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
DHSB	0.24	0.00	(0.11)	0.07	0.33	(0.24)	0.47	(0.59)	1.69
MBOX	0.56	0.03	0.02	0.10	0.52	(0.63)	1.12	(0.95)	2.58
MCHI	0.83	(0.03)	(0.06)	0.01	0.94	(0.90)	1.71	(1.49)	5.30
DIPS	1.41	0.01	0.00	0.04	0.00	0.00	2.86	(3.11)	7.49
DISO	0.97	(0.07)	(0.04)	(0.01)	1.55	(0.94)	2.05	(1.92)	8.63
DIVB	0.57	0.07	0.01	0.71	0.59	(0.60)	1.28	(1.14)	3.38
DIVS	0.46	0.03	(0.06)	5.76	0.53	(0.44)	0.97	(0.90)	2.48
DIVZ	0.50	0.03	0.00	0.12	0.47	(0.58)	0.98	(0.98)	2.59
MDBX	4.69	0.59	0.13	0.31	4.85	(5.75)	7.37	(8.05)	57.73

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