UST Inc Correlations

UST Etf

USD 41.21 0.23 0.56%

The current 90-days correlation between ProShares Ultra 7 and ProShares Ultra 20 is 0.85 (i.e., Very poor diversification). The correlation of UST Inc 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. If the correlation is 0, the equities are not correlated; they are entirely random.

UST Inc Correlation With Market

Average diversification

The correlation between ProShares Ultra 7 10 and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra 7 10 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 ProShares Ultra 7 10. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with UST Etf

0.97	TMF	Direxion Daily 20	Pair Corr
0.99	TYD	Direxion Daily 7	Pair Corr
0.73	URNM	Sprott Uranium Miners	Pair Corr

Moving against UST Etf

0.68	BIL	SPDR Bloomberg 1	Pair Corr
0.66	OBIL	US Treasury 12	Pair Corr
0.64	FBGX	UBS	Pair Corr
0.53	FNGO	MicroSectors FANG Index	Pair Corr
0.53	FNGS	MicroSectors FANG ETN	Pair Corr
0.48	FNGU	MicroSectors FANG Index	Pair Corr
0.43	LALT	Invesco Multi Strategy	Pair Corr
0.38	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.31	MEAR	iShares Short Maturity	Pair Corr
0.58	IBIC	iShares Trust	Pair Corr
0.57	APRD	Innovator Etfs Trust	Pair Corr
0.51	JMST	JPMorgan Ultra Short	Pair Corr
0.51	XMAR	First Trust Exchange	Pair Corr
0.5	XBJA	Innovator ETFs Trust	Pair Corr
0.44	BUCK	Simplify Stable Income	Pair Corr
0.39	BTC	Grayscale Bitcoin Mini	Pair Corr
0.36	ZSEP	Innovator Equity Defined	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.47	-0.52	0.54	0.75	0.54	0.6	-0.18	-0.65	META
MSFT	0.73		-0.47	-0.25	0.54	0.46	0.64	0.36	-0.04	-0.48	MSFT
UBER	-0.47	-0.47		0.65	-0.31	-0.21	-0.67	-0.29	0.36	0.78	UBER
F	-0.52	-0.25	0.65		0.06	-0.32	-0.13	-0.07	0.12	0.9	F
T	0.54	0.54	-0.31	0.06		0.36	0.71	0.55	-0.17	-0.16	T
A	0.75	0.46	-0.21	-0.32	0.36		0.31	0.7	-0.22	-0.38	A
CRM	0.54	0.64	-0.67	-0.13	0.71	0.31		0.56	-0.37	-0.37	CRM
JPM	0.6	0.36	-0.29	-0.07	0.55	0.7	0.56		-0.59	-0.24	JPM
MRK	-0.18	-0.04	0.36	0.12	-0.17	-0.22	-0.37	-0.59		0.19	MRK
XOM	-0.65	-0.48	0.78	0.9	-0.16	-0.38	-0.37	-0.24	0.19		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.78	UBER
A	+ 0.75	META
MSFT	+ 0.73	META
CRM	+ 0.71	T
JPM	+ 0.7	A

High negative correlations

CRM	- 0.67	UBER
XOM	- 0.65	META
MRK	- 0.59	JPM
F	- 0.52	META
XOM	- 0.48	MSFT
UBER	- 0.47	MSFT

UST Inc Competition Risk-Adjusted Indicators

There is a big difference between UST Etf performing well and UST Inc 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 UST Inc'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
META	1.39	0.25	0.13	0.74	1.40	(1.59)	3.43	(2.31)	7.43
MSFT	1.02	0.06	(0.01)	0.63	1.57	(1.01)	2.20	(2.14)	7.31
UBER	1.58	(0.26)	0.00	(2.57)	0.00	0.00	2.67	(5.35)	12.29
F	1.49	(0.13)	0.00	(0.15)	0.00	0.00	2.57	(2.90)	11.21
T	1.01	0.10	0.05	0.27	1.10	(1.12)	1.91	(1.84)	7.94
A	1.18	0.12	0.06	0.33	1.13	(1.41)	2.81	(2.16)	8.06
CRM	1.51	0.32	0.16	1.11	1.42	(1.76)	3.70	(2.88)	14.80
JPM	1.05	0.26	0.16	1.00	1.05	(1.24)	1.92	(1.42)	15.87
MRK	1.03	(0.13)	0.00	(0.52)	0.00	0.00	2.00	(2.13)	5.24
XOM	0.82	(0.18)	0.00	(0.33)	0.00	0.00	1.71	(1.74)	6.06

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