REX Crypto Correlations

CEPI Etf

35.10 0.04 0.11%

The current 90-days correlation between REX Crypto Equity and iShares Dividend and is 0.47 (i.e., Very weak diversification). The correlation of REX Crypto 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.

REX Crypto Correlation With Market

Very weak diversification

The correlation between REX Crypto Equity and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REX Crypto Equity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with REX Etf

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

Moving together with REX Etf

0.89	HD	Home Depot	Pair Corr
0.79	HPQ	HP Inc	Pair Corr

Moving against REX Etf

0.6	XYLD	Global X SP	Pair Corr
0.48	KNG	FT Cboe Vest	Pair Corr
0.43	BUYW	Main Buywrite ETF	Pair Corr
0.41	JEPI	JPMorgan Equity Premium	Pair Corr
0.4	DIVO	Amplify CWP Enhanced	Pair Corr
0.4	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.34	VTV	Vanguard Value Index	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.73	KO	Coca Cola	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.65	XOM	Exxon Mobil Corp	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.49	CAT	Caterpillar	Pair Corr
0.47	WMT	Walmart Common Stock	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.42	AXP	American Express	Pair Corr
0.4	BAC	Bank of America Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DIVB	MCSE	GK	XT	MEME	METV	DMAT	DMCY	DMXF
DIVB		0.28	-0.02	0.82	-0.43	-0.42	0.81	0.92	0.76	DIVB
MCSE	0.28		0.66	0.43	0.46	0.59	0.29	0.32	0.67	MCSE
GK	-0.02	0.66		0.29	0.68	0.84	-0.02	0.03	0.35	GK
XT	0.82	0.43	0.29		-0.19	-0.07	0.68	0.9	0.88	XT
MEME	-0.43	0.46	0.68	-0.19		0.8	-0.28	-0.37	0.03	MEME
METV	-0.42	0.59	0.84	-0.07	0.8		-0.36	-0.35	0.07	METV
DMAT	0.81	0.29	-0.02	0.68	-0.28	-0.36		0.85	0.72	DMAT
DMCY	0.92	0.32	0.03	0.9	-0.37	-0.35	0.85		0.88	DMCY
DMXF	0.76	0.67	0.35	0.88	0.03	0.07	0.72	0.88		DMXF
	DIVB	MCSE	GK	XT	MEME	METV	DMAT	DMCY	DMXF

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

DMCY	+ 0.92	DIVB
DMCY	+ 0.9	XT
DMXF	+ 0.88	XT
DMXF	+ 0.88	DMCY
DMCY	+ 0.85	DMAT
METV	+ 0.84	GK

High negative correlations

MEME	- 0.43	DIVB
METV	- 0.42	DIVB
DMCY	- 0.37	MEME
DMAT	- 0.36	METV
DMCY	- 0.35	METV
DMAT	- 0.28	MEME

REX Crypto Constituents Risk-Adjusted Indicators

There is a big difference between REX Etf performing well and REX Crypto 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 REX Crypto'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
DIVB	0.60	0.00	(0.02)	0.07	0.70	(0.60)	1.27	(1.14)	3.19
MCSE	0.77	(0.14)	0.00	(0.07)	0.00	0.00	1.26	(1.71)	3.58
GK	0.83	(0.04)	0.00	(0.09)	0.00	0.00	1.59	(2.18)	5.15
XT	0.81	(0.02)	(0.02)	0.05	1.08	(0.85)	1.55	(1.73)	4.77
MEME	3.90	(0.42)	0.00	(0.45)	0.00	0.00	8.79	(8.95)	25.27
METV	1.16	(0.14)	0.00	(0.45)	0.00	0.00	2.62	(2.95)	6.14
DMAT	1.81	0.14	0.08	0.16	2.07	(2.01)	3.08	(4.03)	13.98
DMCY	0.54	0.02	0.00	0.10	0.69	(0.55)	1.11	(1.12)	2.81
DMXF	0.64	(0.03)	(0.05)	0.03	0.85	(0.58)	1.17	(1.31)	2.93

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