Roundhill Generative Correlations

CHAT Etf

65.22 -0.78 -1.18%

The current 90-days correlation between Roundhill Generative and Invesco CEF Income is 0.58 (i.e., Very weak diversification).The correlation of Roundhill Generative 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.

Roundhill Generative Market Correlation

Good diversification

Across the chosen horizon, CHAT and DJI show a correlation of -0.03 and fall into the Good diversification bucket. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Build portfolio with Roundhill Etf

Trending Equities provides context for diversified portfolio design. Additional portfolio transparency improves capital positioning. Diversification analysis considers the interaction of positions within a portfolio. All metrics are derived from available inputs and shown for reference. The holding in Roundhill Generative AI represents an allocation. It is represented within the portfolio holdings. Position allocation is driven by the portfolio construction model. Reported data is organized for reference and does not imply a course of action. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Roundhill Etf

0.85	SMH	VanEck Semiconductor ETF	Pair Corr
0.83	SOXX	iShares Semiconductor ETF	Pair Corr
0.74	SHLD	Global X Defense	Pair Corr
0.65	LUX	Tema Global	Pair Corr
0.74	FB	ProShares Trust ProShares	Pair Corr
0.61	FNGD	MicroSectors FANG Index	Pair Corr
0.75	KGLD	Kurv Gold Enhanced Downward Rally	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.78	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr
0.73	MRK	Merck Company	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr

Moving against Roundhill Etf

0.71	IGV	iShares Expanded Tech	Pair Corr
0.69	CIBR	First Trust NASDAQ	Pair Corr
0.68	HUM	Humana Inc	Pair Corr
0.66	FDN	First Trust Dow	Pair Corr
0.52	IND	Xtrackers Nifty 500	Pair Corr
0.37	IYW	iShares Technology ETF	Pair Corr
0.35	IGM	iShares Expanded Tech	Pair Corr
0.7	IBM	International Business	Pair Corr
0.7	AXP	American Express	Pair Corr
0.69	MSFT	Microsoft	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.58	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	IVES	TOUS	REMX	XLSR	SMIN	FAPR	BUYW	FMAR	TGRT	PCEF
IVES		-0.23	-0.18	0.8	0.4	-0.43	-0.01	-0.49	0.88	0.12	IVES
TOUS	-0.23		0.67	0.04	0.04	0.64	0.8	0.5	-0.34	0.9	TOUS
REMX	-0.18	0.67		-0.26	-0.57	0.8	0.71	0.76	-0.46	0.52	REMX
XLSR	0.8	0.04	-0.26		0.73	-0.44	0.22	-0.58	0.9	0.4	XLSR
SMIN	0.4	0.04	-0.57	0.73		-0.54	-0.04	-0.67	0.67	0.28	SMIN
FAPR	-0.43	0.64	0.8	-0.44	-0.54		0.65	0.97	-0.65	0.42	FAPR
BUYW	-0.01	0.8	0.71	0.22	-0.04	0.65		0.53	-0.11	0.81	BUYW
FMAR	-0.49	0.5	0.76	-0.58	-0.67	0.97	0.53		-0.72	0.24	FMAR
TGRT	0.88	-0.34	-0.46	0.9	0.67	-0.65	-0.11	-0.72		0.04	TGRT
PCEF	0.12	0.9	0.52	0.4	0.28	0.42	0.81	0.24	0.04		PCEF
	IVES	TOUS	REMX	XLSR	SMIN	FAPR	BUYW	FMAR	TGRT	PCEF

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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

FMAR	+ 0.97	FAPR
PCEF	+ 0.9	TOUS
TGRT	+ 0.9	XLSR
TGRT	+ 0.88	IVES
PCEF	+ 0.81	BUYW
XLSR	+ 0.8	IVES

High negative correlations

TGRT	- 0.72	FMAR
FMAR	- 0.67	SMIN
TGRT	- 0.65	FAPR
FMAR	- 0.58	XLSR
SMIN	- 0.57	REMX
FAPR	- 0.54	SMIN

Roundhill Generative Constituents Risk-Adjusted Indicators

There is a big difference between Roundhill Etf performing well and Roundhill Generative 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 Generative'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
IVES	1.29	0.02	0.00	-0.07	0.00	0.00	2.31	-2.95	7.70
TOUS	0.75	0.09	0.09	0.02	1.14	-0.69	1.48	-2.11	5.61
REMX	2.56	0.44	0.10	0.15	3.46	-2.56	4.54	-5.13	14.37
XLSR	0.58	-0.02	0.00	-0.11	0.00	0.00	1.04	-1.48	3.39
SMIN	0.88	-0.11	0.00	-0.26	0.00	0.00	1.80	-1.98	6.09
FAPR	0.13	0.01	0.53	-0.24	0.07	-0.15	0.31	-0.27	0.76
BUYW	0.23	0.02	0.20	-0.01	0.33	-0.24	0.50	-0.57	1.48
FMAR	0.15	0.02	0.50	-0.48	0.03	-0.15	0.36	-0.34	1.13
TGRT	0.83	-0.06	0.00	-0.15	0.00	0.00	1.44	-2.04	4.85
PCEF	0.40	0.02	0.00	-0.05	0.00	0.00	0.78	-0.95	2.15

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