Axonic Strategic Correlations

AXSIX Etf

USD 8.99 0.01 0.11%

The current 90-days correlation between Axonic Strategic Income and Axonic Strategic Income is -0.02 (i.e., Good diversification). The correlation of Axonic Strategic 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.

Axonic Strategic Correlation With Market

Good diversification

The correlation between Axonic Strategic Income and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axonic Strategic Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axonic Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axonic Strategic Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Axonic Etf

0.97	AXSAX	Axonic Strategic Income	Pair Corr
0.91	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.91	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.91	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.91	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.93	JPIE	JP Morgan Exchange	Pair Corr
0.86	AFIF	Anfield Universal Fixed	Pair Corr
0.9	MUSI	American Century Mul	Pair Corr
0.92	SIO	Touchstone Strategic	Pair Corr
0.74	SHLD	Global X Defense	Pair Corr
0.65	LUX	Tema Global	Pair Corr
0.86	SWP	SWP Growth Income	Pair Corr
0.77	DUKH	Ocean Park High	Pair Corr
0.79	WINN	Harbor Long Term	Pair Corr
0.75	VEMY	Virtus ETF Trust	Pair Corr
0.84	VTIP	Vanguard Short Term Sell-off Trend	Pair Corr
0.85	XUSP	Innovator Uncapped	Pair Corr
0.9	CEMB	iShares JP Morgan	Pair Corr
0.66	SOFX	Defiance Daily Target Upward Rally	Pair Corr
0.86	TSMX	Direxion Daily TSM	Pair Corr
0.87	XOUT	GraniteShares XOUT Large	Pair Corr
0.93	MTGP	WisdomTree Mortgage Plus	Pair Corr
0.9	IEI	iShares 3 7 Sell-off Trend	Pair Corr
0.87	ICLN	iShares Global Clean	Pair Corr
0.73	FLTTX	WisdomTree Floating Rate	Pair Corr
0.75	XTOC	Innovator ETFs Trust	Pair Corr
0.81	ACTV	LeaderShares Activist	Pair Corr
0.84	LEGR	First Trust Indxx	Pair Corr
0.72	PID	Invesco International	Pair Corr
0.9	SEPT	AIM ETF Products	Pair Corr
0.94	BSMW	Invesco BulletShares 2032	Pair Corr
0.76	GOAU	US Global GO	Pair Corr
0.79	TECL	Direxion Daily Technology	Pair Corr
0.77	TDSC	Cabana Target Drawdown	Pair Corr
0.86	XMMO	Invesco SP MidCap	Pair Corr

Moving against Axonic Etf

0.86

FNGD

MicroSectors FANG Index

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.01	-0.02	-0.66	0.76	-0.7	-0.24	-0.47	-0.42	-0.45	META
MSFT	-0.01		0.08	0.25	-0.45	0.32	0.06	-0.02	0.25	-0.05	MSFT
UBER	-0.02	0.08		0.15	0.04	0.09	0.11	0.58	-0.01	0.45	UBER
F	-0.66	0.25	0.15		-0.74	0.79	0.45	0.48	0.53	0.65	F
T	0.76	-0.45	0.04	-0.74		-0.87	-0.26	-0.33	-0.53	-0.41	T
A	-0.7	0.32	0.09	0.79	-0.87		0.39	0.46	0.68	0.61	A
CRM	-0.24	0.06	0.11	0.45	-0.26	0.39		0.02	0.26	0.39	CRM
JPM	-0.47	-0.02	0.58	0.48	-0.33	0.46	0.02		0.02	0.76	JPM
MRK	-0.42	0.25	-0.01	0.53	-0.53	0.68	0.26	0.02		0.26	MRK
XOM	-0.45	-0.05	0.45	0.65	-0.41	0.61	0.39	0.76	0.26		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

A	+ 0.79	F
T	+ 0.76	META
XOM	+ 0.76	JPM
MRK	+ 0.68	A
XOM	+ 0.65	F
XOM	+ 0.61	A

High negative correlations

A	- 0.87	T
T	- 0.74	F
A	- 0.7	META
F	- 0.66	META
MRK	- 0.53	T
JPM	- 0.47	META

Axonic Strategic Constituents Risk-Adjusted Indicators

There is a big difference between Axonic Etf performing well and Axonic Strategic 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 Axonic Strategic'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	1.28	(0.41)	0.00	(0.23)	0.00	0.00	2.12	(2.67)	14.49
MSFT	0.75	(0.08)	0.00	(2.12)	0.00	0.00	1.77	(1.98)	5.08
UBER	1.45	(0.01)	(0.01)	0.08	1.85	(1.50)	3.34	(2.71)	9.09
F	1.36	0.13	0.11	0.18	1.43	(1.64)	3.66	(1.73)	16.30
T	0.96	(0.17)	0.00	3.69	0.00	0.00	1.82	(2.32)	6.25
A	1.31	0.25	0.21	0.29	0.93	(1.50)	3.82	(2.04)	10.46
CRM	1.60	(0.08)	(0.03)	0.02	2.21	(1.54)	3.59	(3.61)	9.91
JPM	0.79	0.06	0.04	0.17	0.99	(0.78)	1.67	(1.74)	4.74
MRK	1.17	0.05	0.02	0.17	1.16	(1.37)	1.80	(2.36)	11.45
XOM	0.86	0.12	0.05	0.36	1.02	(0.85)	1.77	(1.93)	4.70

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

2025 Macroaxis LLC