Roundhill BABA Correlations

BABW Etf

35.39 1.20 3.28%

The current 90-days correlation between Roundhill BABA WeeklyPay and Invesco SP SmallCap is 0.3 (i.e., Weak diversification). The correlation of Roundhill BABA 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.

Roundhill BABA Correlation With Market

Modest diversification

The correlation between Roundhill BABA WeeklyPay and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roundhill BABA WeeklyPay and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Roundhill Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Roundhill BABA WeeklyPay. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against Roundhill Etf

0.52

ENTR

EntrepreneurShares

Pair Corr

Related Correlations Analysis

	GSC	QLV	SMIZ	PY	EVUS	UJUN	XJUN	PSCI
GSC		0.85	0.98	0.78	0.95	0.89	0.89	0.97	GSC
QLV	0.85		0.86	0.78	0.92	0.81	0.82	0.91	QLV
SMIZ	0.98	0.86		0.78	0.95	0.9	0.91	0.95	SMIZ
PY	0.78	0.78	0.78		0.86	0.82	0.83	0.82	PY
EVUS	0.95	0.92	0.95	0.86		0.94	0.94	0.97	EVUS
UJUN	0.89	0.81	0.9	0.82	0.94		0.99	0.87	UJUN
XJUN	0.89	0.82	0.91	0.83	0.94	0.99		0.88	XJUN
PSCI	0.97	0.91	0.95	0.82	0.97	0.87	0.88		PSCI
	GSC	QLV	SMIZ	PY	EVUS	UJUN	XJUN	PSCI

Roundhill BABA Constituents Risk-Adjusted Indicators

There is a big difference between Roundhill Etf performing well and Roundhill BABA 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 Roundhill BABA'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
GSC	0.83	0.07	0.08	0.14	0.76	(0.94)	1.95	(1.83)	5.42
QLV	0.31	0.04	(0.02)	0.17	0.27	(0.35)	0.68	(0.68)	2.23
SMIZ	0.79	0.05	0.07	0.13	0.76	(0.97)	1.66	(1.65)	5.11
PY	0.48	0.02	0.00	0.11	0.53	(0.53)	1.10	(0.92)	3.16
EVUS	0.50	0.07	0.08	0.17	0.48	(0.55)	1.17	(0.97)	3.02
UJUN	0.14	0.02	(0.24)	0.17	0.00	(0.17)	0.33	(0.27)	1.12
XJUN	0.12	0.02	(0.33)	0.20	0.00	(0.14)	0.26	(0.21)	0.92
PSCI	0.92	0.15	0.18	0.20	0.74	(1.08)	2.46	(1.81)	5.49

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Roundhill BABA Correlations

Roundhill BABA Correlation With Market

Modest diversification

Moving against Roundhill Etf

Related Correlations Analysis

Roundhill BABA Constituents Risk-Adjusted Indicators

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