USCF ETF Correlations

ZSC Etf

22.89 0.12 0.53%

The current 90-days correlation between USCF ETF Trust and Freedom Day Dividend is 0.12 (i.e., Average diversification). The correlation of USCF ETF 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 ETF Correlation With Market

Significant diversification

The correlation between USCF ETF Trust and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USCF ETF Trust 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 USCF ETF Trust. 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 USCF Etf

0.64	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.64	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.7	JNJ	Johnson Johnson	Pair Corr

Moving against USCF Etf

0.41	WINN	Harbor Long Term	Pair Corr
0.36	GCC	WisdomTree Continuous	Pair Corr
0.34	FTGC	First Trust Global	Pair Corr
0.45	AXP	American Express	Pair Corr
0.44	IBM	International Business Upward Rally	Pair Corr
0.42	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI
MBOX		0.15	0.03	-0.13	0.34	0.97	0.69	0.91	0.38	MBOX
DIEM	0.15		0.86	0.0	-0.48	0.21	0.54	0.28	0.71	DIEM
MCHI	0.03	0.86		0.16	-0.5	0.13	0.5	0.17	0.68	MCHI
DIPS	-0.13	0.0	0.16		-0.18	-0.05	0.18	0.0	0.22	DIPS
DISO	0.34	-0.48	-0.5	-0.18		0.26	-0.3	0.1	-0.36	DISO
DIVB	0.97	0.21	0.13	-0.05	0.26		0.78	0.95	0.45	DIVB
DIVD	0.69	0.54	0.5	0.18	-0.3	0.78		0.8	0.82	DIVD
DIVG	0.91	0.28	0.17	0.0	0.1	0.95	0.8		0.41	DIVG
DIVI	0.38	0.71	0.68	0.22	-0.36	0.45	0.82	0.41		DIVI
	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG	DIVI

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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

DIVB	+ 0.97	MBOX
DIVG	+ 0.95	DIVB
DIVG	+ 0.91	MBOX
MCHI	+ 0.86	DIEM
DIVI	+ 0.82	DIVD
DIVG	+ 0.8	DIVD

High negative correlations

DISO	- 0.5	MCHI
DISO	- 0.48	DIEM
DIVI	- 0.36	DISO
DIVD	- 0.3	DISO
DISO	- 0.18	DIPS
DIPS	- 0.13	MBOX

USCF ETF Constituents Risk-Adjusted Indicators

There is a big difference between USCF Etf performing well and USCF ETF 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 ETF'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
MBOX	0.62	0.00	(0.05)	0.10	0.75	(0.67)	1.27	(1.03)	5.51
DIEM	0.63	(0.06)	0.00	(0.10)	0.00	0.00	1.34	(1.81)	5.07
MCHI	1.29	(0.01)	(0.03)	0.07	1.76	(1.29)	2.45	(2.72)	12.27
DIPS	1.77	0.04	(0.03)	0.00	2.67	(1.63)	2.53	(3.53)	23.85
DISO	0.80	0.19	0.13	1.21	0.57	(0.96)	1.51	(1.24)	6.23
DIVB	0.59	0.00	(0.08)	0.09	0.66	(0.66)	1.11	(0.76)	5.73
DIVD	0.52	(0.03)	(0.14)	(0.02)	0.67	(0.56)	0.89	(0.98)	3.36
DIVG	0.58	(0.04)	(0.13)	(0.03)	0.75	(0.57)	1.12	(1.12)	4.36
DIVI	0.57	(0.02)	(0.10)	0.03	0.78	(0.63)	1.34	(1.46)	3.80

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