ProShares MSCI Correlations

ANEW Etf

USD 51.44 0.18 0.35%

The current 90-days correlation between ProShares MSCI Trans and JPMorgan Climate Change is -0.15 (i.e., Good diversification). The correlation of ProShares MSCI 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.

ProShares MSCI Correlation With Market

Very poor diversification

The correlation between ProShares MSCI Transformationa and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares MSCI Transformationa and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares MSCI Transformational. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in commodities.

Moving together with ProShares Etf

0.87	VUG	Vanguard Growth Index	Pair Corr
0.86	IWF	iShares Russell 1000	Pair Corr
0.88	IVW	iShares SP 500	Pair Corr
0.88	SPYG	SPDR Portfolio SP	Pair Corr
0.88	IUSG	iShares Core SP	Pair Corr
0.86	VONG	Vanguard Russell 1000	Pair Corr
0.86	MGK	Vanguard Mega Cap	Pair Corr
0.86	VRGWX	Vanguard Russell 1000	Pair Corr
0.86	QQQM	Invesco NASDAQ 100	Pair Corr
0.86	IWY	iShares Russell Top	Pair Corr
0.78	GDXU	MicroSectors Gold Miners	Pair Corr
0.78	JNUG	Direxion Daily Junior	Pair Corr
0.79	NUGT	Direxion Daily Gold	Pair Corr
0.68	SHNY	Microsectors Gold	Pair Corr
0.75	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.8	TESL	Simplify Volt TSLA Symbol Change	Pair Corr
0.76	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.84	DD	Dupont De Nemours	Pair Corr
0.76	INTC	Intel	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr
0.78	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.68	CAT	Caterpillar	Pair Corr

Moving against ProShares Etf

0.66	WTID	UBS ETRACS	Pair Corr
0.52	BA	Boeing	Pair Corr
0.47	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	TEMP	DMAT	RITA	OCFS	MNRS	PWER	EMIF	DAT	SPUT	MOTO
TEMP		0.64	0.2	0.58	0.64	0.61	0.35	0.2	0.53	0.48	TEMP
DMAT	0.64		0.63	0.9	0.95	0.98	0.72	0.63	0.93	0.87	DMAT
RITA	0.2	0.63		0.64	0.57	0.68	0.64	0.63	0.68	0.77	RITA
OCFS	0.58	0.9	0.64		0.88	0.92	0.69	0.68	0.9	0.91	OCFS
MNRS	0.64	0.95	0.57	0.88		0.94	0.61	0.67	0.86	0.84	MNRS
PWER	0.61	0.98	0.68	0.92	0.94		0.76	0.7	0.96	0.9	PWER
EMIF	0.35	0.72	0.64	0.69	0.61	0.76		0.5	0.87	0.8	EMIF
DAT	0.2	0.63	0.63	0.68	0.67	0.7	0.5		0.71	0.66	DAT
SPUT	0.53	0.93	0.68	0.9	0.86	0.96	0.87	0.71		0.93	SPUT
MOTO	0.48	0.87	0.77	0.91	0.84	0.9	0.8	0.66	0.93		MOTO
	TEMP	DMAT	RITA	OCFS	MNRS	PWER	EMIF	DAT	SPUT	MOTO

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ProShares MSCI Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares MSCI 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 ProShares MSCI'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
TEMP	0.56	0.06	0.00	(0.50)	0.57	(0.66)	1.18	(0.98)	4.05
DMAT	1.46	0.44	0.22	0.42	1.62	(1.62)	2.57	(2.75)	11.70
RITA	0.62	0.01	(0.01)	0.07	0.70	(0.69)	1.37	(1.15)	3.86
OCFS	0.55	0.01	(0.01)	0.06	0.56	(0.72)	1.34	(0.89)	3.29
MNRS	2.72	0.74	0.23	0.43	2.82	(3.14)	7.80	(5.45)	18.29
PWER	0.70	0.14	0.15	0.19	0.66	(0.79)	1.63	(1.41)	5.71
EMIF	0.58	0.07	0.07	0.17	0.63	(0.63)	1.58	(1.24)	4.02
DAT	1.13	(0.05)	(0.02)	0.01	1.50	(1.09)	2.62	(2.20)	6.20
SPUT	0.30	0.02	0.00	0.09	0.36	(0.33)	0.65	(0.42)	2.77
MOTO	0.91	0.04	0.05	0.08	1.02	(1.02)	2.28	(1.68)	6.53

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