USCF Midstream Correlations

UMI Etf

USD 52.48 0.09 0.17%

The current 90-days correlation between USCF Midstream Energy and EA Series Trust is 0.6 (i.e., Poor diversification). The correlation of USCF Midstream 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.

USCF Midstream Correlation With Market

Weak diversification

The correlation between USCF Midstream Energy and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USCF Midstream Energy 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 USCF Midstream Energy. 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 USCF Etf

0.99	EMLP	First Trust North	Pair Corr
0.89	AMJ	JPMorgan	Pair Corr
0.89	MLPA	Global X MLP	Pair Corr
1.0	MLPX	Global X MLP	Pair Corr
1.0	TPYP	Tortoise North American	Pair Corr
0.9	AMZA	InfraCap MLP ETF	Pair Corr
0.87	MLPB	UBS AG London	Pair Corr
0.99	ATMP	Barclays ETN Select Low Volatility	Pair Corr
1.0	ENFR	Alerian Energy Infra	Pair Corr
0.87	AMUB	UBS AG London	Pair Corr
0.97	ARKW	ARK Next Generation	Pair Corr
0.72	WTMF	WisdomTree Managed	Pair Corr
0.82	EWC	iShares MSCI Canada	Pair Corr
0.78	BST	BlackRock Science Tech	Pair Corr
0.93	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.91	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.95	BAC	Bank of America Aggressive Push	Pair Corr
0.85	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.93	WMT	Walmart Aggressive Push	Pair Corr
0.94	DIS	Walt Disney Aggressive Push	Pair Corr
0.8	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against USCF Etf

0.56	IRET	Tidal Trust II	Pair Corr
0.41	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.88	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DRLL	ACVF	MLPX	INDI	TPYP
DRLL		0.75	0.81	0.62	0.81	DRLL
ACVF	0.75		0.89	0.54	0.89	ACVF
MLPX	0.81	0.89		0.63	1.0	MLPX
INDI	0.62	0.54	0.63		0.63	INDI
TPYP	0.81	0.89	1.0	0.63		TPYP
	DRLL	ACVF	MLPX	INDI	TPYP

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USCF Midstream Constituents Risk-Adjusted Indicators

There is a big difference between USCF Etf performing well and USCF Midstream 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 USCF Midstream'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
DRLL	0.95	(0.04)	(0.05)	0.07	1.35	(0.88)	1.86	(2.04)	5.72
ACVF	0.57	0.00	(0.02)	0.13	0.65	(0.60)	1.34	(1.37)	3.92
MLPX	0.79	0.20	0.16	0.50	0.57	(0.92)	1.61	(1.14)	5.35
INDI	4.90	0.16	0.09	0.17	4.27	(6.76)	8.43	(8.30)	68.06
TPYP	0.66	0.18	0.18	0.50	0.35	(0.82)	1.57	(0.76)	4.24

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