Acruence Active Correlations

XVOL Etf

USD 21.38 0.24 1.14%

The current 90-days correlation between Acruence Active Hedge and ZEGA Buy and is 0.78 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acruence Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acruence Active Hedge moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Acruence Active Correlation With Market

Very weak diversification

The correlation between Acruence Active Hedge and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acruence Active Hedge and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Acruence Active Hedge. 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 together with Acruence Etf

0.76	VTI	Vanguard Total Stock	Pair Corr
0.65	SPY	SPDR SP 500	Pair Corr
0.65	IVV	iShares Core SP	Pair Corr
0.68	VIG	Vanguard Dividend	Pair Corr
0.64	VV	Vanguard Large Cap	Pair Corr
0.88	RSP	Invesco SP 500	Pair Corr
0.71	IWB	iShares Russell 1000	Pair Corr
0.73	ESGU	iShares ESG Aware	Pair Corr
0.92	DFAC	Dimensional Core Equity	Pair Corr
0.65	SPLG	SPDR Portfolio SP	Pair Corr
0.67	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.64	TRV	The Travelers Companies	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr

Moving against Acruence Etf

0.36	AMPD	Tidal Trust II	Pair Corr
0.68	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	ZHDG	XBJL	UJUL	UOCT	MBCC
ZHDG		0.41	0.69	0.69	0.8	ZHDG
XBJL	0.41		0.93	0.93	0.65	XBJL
UJUL	0.69	0.93		1.0	0.79	UJUL
UOCT	0.69	0.93	1.0		0.79	UOCT
MBCC	0.8	0.65	0.79	0.79		MBCC
	ZHDG	XBJL	UJUL	UOCT	MBCC

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Acruence Active Constituents Risk-Adjusted Indicators

There is a big difference between Acruence Etf performing well and Acruence Active 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 Acruence Active'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
ZHDG	0.53	(0.01)	0.00	(0.05)	0.00	0.00	0.84	(1.23)	3.13
XBJL	0.20	0.02	0.10	0.07	0.30	(0.20)	0.56	(0.52)	1.51
UJUL	0.32	0.01	0.06	0.02	0.45	(0.32)	0.61	(0.78)	2.14
UOCT	0.26	0.01	0.07	0.02	0.38	(0.25)	0.56	(0.69)	1.75
MBCC	0.60	0.03	0.04	0.02	0.85	(0.59)	1.15	(1.26)	3.80

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