Themes Cash Correlations

USCF Etf

32.00 0.04 0.12%

The current 90-days correlation between Themes Cash Flow and Invesco Actively Managed is 0.3 (i.e., Weak diversification). The correlation of Themes Cash 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.

Themes Cash Correlation With Market

Almost no diversification

The correlation between Themes Cash Flow and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes Cash Flow 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 Themes Cash Flow. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Themes Etf

0.95	VTI	Vanguard Total Stock	Pair Corr
0.94	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.96	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.91	VUG	Vanguard Growth Index	Pair Corr
0.96	VO	Vanguard Mid Cap	Pair Corr
0.95	VB	Vanguard Small Cap	Pair Corr
0.84	DSJA	DSJA	Pair Corr
0.83	RSPY	Tuttle Capital Management	Pair Corr
0.83	MEME	Roundhill Investments	Pair Corr
0.61	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.78	ITDD	iShares Trust	Pair Corr
0.91	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.9	HPQ	HP Inc	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr
0.83	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	DIS	Walt Disney Aggressive Push	Pair Corr
0.84	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.8	WMT	Walmart Aggressive Push	Pair Corr
0.91	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.78	HD	Home Depot Sell-off Trend	Pair Corr

Moving against Themes Etf

0.75	BND	Vanguard Total Bond	Pair Corr
0.5	VEA	Vanguard FTSE Developed	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.72	KO	Coca Cola Sell-off Trend	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	EFAA	EGUS	EMCS	EQLT	EVLU	EVUS	FLOW	XOVR	ROE
EFAA		-0.49	0.55	0.68	0.56	-0.29	-0.39	-0.55	-0.31	EFAA
EGUS	-0.49		0.25	0.05	0.21	0.91	0.9	0.98	0.92	EGUS
EMCS	0.55	0.25		0.96	0.98	0.39	0.24	0.19	0.33	EMCS
EQLT	0.68	0.05	0.96		0.95	0.24	0.08	0.0	0.17	EQLT
EVLU	0.56	0.21	0.98	0.95		0.37	0.25	0.16	0.32	EVLU
EVUS	-0.29	0.91	0.39	0.24	0.37		0.93	0.92	0.98	EVUS
FLOW	-0.39	0.9	0.24	0.08	0.25	0.93		0.93	0.96	FLOW
XOVR	-0.55	0.98	0.19	0.0	0.16	0.92	0.93		0.93	XOVR
ROE	-0.31	0.92	0.33	0.17	0.32	0.98	0.96	0.93		ROE
	EFAA	EGUS	EMCS	EQLT	EVLU	EVUS	FLOW	XOVR	ROE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

XOVR	+ 0.98	EGUS
EVLU	+ 0.98	EMCS
ROE	+ 0.98	EVUS
EQLT	+ 0.96	EMCS
ROE	+ 0.96	FLOW
EVLU	+ 0.95	EQLT

High negative correlations

XOVR	- 0.55	EFAA
EGUS	- 0.49	EFAA
FLOW	- 0.39	EFAA
ROE	- 0.31	EFAA
EVUS	- 0.29	EFAA
XOVR	- 0.0	EQLT

Themes Cash Constituents Risk-Adjusted Indicators

There is a big difference between Themes Etf performing well and Themes Cash 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 Themes Cash'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
EFAA	0.49	(0.11)	0.00	(0.17)	0.00	0.00	0.74	(1.23)	3.00
EGUS	0.71	0.02	0.00	0.14	0.95	(0.71)	1.71	(1.94)	4.88
EMCS	0.90	(0.05)	(0.10)	(0.01)	1.19	(0.91)	2.45	(2.00)	6.67
EQLT	0.79	(0.03)	(0.12)	0.00	1.02	(0.90)	2.09	(2.09)	6.09
EVLU	0.94	0.01	(0.07)	0.17	1.12	(1.06)	2.26	(2.31)	6.76
EVUS	0.51	(0.01)	(0.05)	0.11	0.37	(0.61)	1.02	(0.85)	3.48
FLOW	0.62	(0.01)	(0.04)	0.11	0.58	(0.64)	1.28	(1.06)	3.87
XOVR	0.92	0.14	0.10	0.25	1.04	(0.99)	2.62	(1.98)	6.53
ROE	0.59	(0.02)	(0.05)	0.10	0.60	(0.63)	1.18	(1.02)	3.42

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC