Strategy Shares Correlations

DHSB Etf

25.60 0.00 0.00%

The current 90-days correlation between Strategy Shares and Freedom Day Dividend is 0.62 (i.e., Poor diversification). The correlation of Strategy Shares 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.

Strategy Shares Correlation With Market

Poor diversification

The correlation between Strategy Shares and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy Shares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Strategy Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Strategy Shares. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade Strategy Etf refer to our How to Trade Strategy Etf guide.

Moving together with Strategy Etf

0.99	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.89	BND	Vanguard Total Bond	Pair Corr
0.95	VTV	Vanguard Value Index	Pair Corr
0.99	VUG	Vanguard Growth Index	Pair Corr
0.97	VO	Vanguard Mid Cap	Pair Corr
0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.95	VB	Vanguard Small Cap	Pair Corr
0.96	VWO	Vanguard FTSE Emerging	Pair Corr
0.94	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.65	AMPD	Tidal ETF Services	Pair Corr
0.91	PMBS	PIMCO Mortgage Backed	Pair Corr
0.92	ITWO	Proshares Russell 2000	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.94	CAT	Caterpillar	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.64	MMM	3M Company	Pair Corr

Moving against Strategy Etf

0.35	TRV	The Travelers Companies	Pair Corr
0.76	PG	Procter Gamble Sell-off Trend	Pair Corr
0.35	IBM	International Business	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.89	0.48	0.66	0.59	0.49	-0.76	0.76	0.59	0.32	META
MSFT	0.89		0.51	0.73	0.36	0.42	-0.67	0.92	0.64	0.43	MSFT
UBER	0.48	0.51		0.84	0.4	0.54	-0.15	0.63	0.65	0.38	UBER
F	0.66	0.73	0.84		0.43	0.63	-0.43	0.81	0.83	0.57	F
T	0.59	0.36	0.4	0.43		0.47	-0.48	0.38	0.54	0.07	T
A	0.49	0.42	0.54	0.63	0.47		-0.13	0.55	0.76	0.67	A
CRM	-0.76	-0.67	-0.15	-0.43	-0.48	-0.13		-0.45	-0.41	-0.07	CRM
JPM	0.76	0.92	0.63	0.81	0.38	0.55	-0.45		0.73	0.52	JPM
MRK	0.59	0.64	0.65	0.83	0.54	0.76	-0.41	0.73		0.64	MRK
XOM	0.32	0.43	0.38	0.57	0.07	0.67	-0.07	0.52	0.64		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.92	MSFT
MSFT	+ 0.89	META
F	+ 0.84	UBER
MRK	+ 0.83	F
JPM	+ 0.81	F
JPM	+ 0.76	META

High negative correlations

CRM	- 0.76	META
CRM	- 0.67	MSFT
CRM	- 0.48	T
JPM	- 0.45	CRM
CRM	- 0.43	F
MRK	- 0.41	CRM

Strategy Shares Competition Risk-Adjusted Indicators

There is a big difference between Strategy Etf performing well and Strategy Shares 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 Strategy Shares' 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	1.39	0.19	0.13	0.32	1.12	(1.70)	3.16	(2.27)	14.28
MSFT	0.72	0.11	0.07	0.32	0.64	(0.81)	1.80	(1.42)	5.71
UBER	1.40	0.02	0.00	0.12	1.69	(1.49)	2.72	(3.36)	11.37
F	1.31	0.05	0.04	0.13	1.52	(1.34)	2.55	(2.36)	7.46
T	0.76	0.05	(0.03)	0.50	0.98	(0.75)	1.63	(1.96)	5.41
A	1.41	(0.04)	0.01	0.07	1.76	(1.45)	2.82	(2.60)	9.19
CRM	1.25	(0.34)	0.00	(0.17)	0.00	0.00	2.32	(3.26)	6.27
JPM	0.83	0.07	0.07	0.17	0.89	(0.91)	1.78	(1.51)	5.19
MRK	1.14	0.11	0.06	0.22	1.37	(1.12)	2.90	(1.91)	7.79
XOM	1.00	0.08	0.00	0.59	1.24	(1.00)	2.14	(2.07)	6.25

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