Strategy Shares Correlations

ESIM Etf

27.60 0.12 0.43%

The current 90-days correlation between Strategy Shares and REX VolMAXX Long is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Strategy Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Strategy Shares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Strategy Shares Correlation With Market

Very good diversification

The correlation between Strategy Shares and DJI is -0.32 (i.e., Very good 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 gross domestic product.

To learn how to invest in Strategy Etf, please use our How to Invest in Strategy Shares guide.

Moving against Strategy Etf

0.4	KRMA	Global X Conscious	Pair Corr
0.4	SPY	SPDR SP 500	Pair Corr
0.4	IVV	iShares Core SP	Pair Corr
0.46	GPGCX	Grandeur Peak Global	Pair Corr
0.42	BDEC	Innovator SP 500	Pair Corr
0.41	DAUG	FT Cboe Vest	Pair Corr
0.35	GOCT	FT Cboe Vest	Pair Corr
0.34	QTAP	Innovator Growth 100	Pair Corr
0.32	DIA	SPDR Dow Jones	Pair Corr

Related Correlations Analysis

	FFLS	ROAM	WISE	ATFV	ASIA	RSMV	XMAG	AADR	CVRD	VMAX
FFLS		-0.38	0.8	0.68	-0.26	0.16	-0.13	-0.12	0.1	-0.23	FFLS
ROAM	-0.38		-0.64	-0.29	0.98	0.57	0.86	0.94	0.76	0.9	ROAM
WISE	0.8	-0.64		0.79	-0.53	0.1	-0.3	-0.41	-0.13	-0.45	WISE
ATFV	0.68	-0.29	0.79		-0.18	0.38	0.03	-0.08	0.18	-0.12	ATFV
ASIA	-0.26	0.98	-0.53	-0.18		0.65	0.9	0.96	0.82	0.92	ASIA
RSMV	0.16	0.57	0.1	0.38	0.65		0.8	0.71	0.83	0.71	RSMV
XMAG	-0.13	0.86	-0.3	0.03	0.9	0.8		0.91	0.93	0.97	XMAG
AADR	-0.12	0.94	-0.41	-0.08	0.96	0.71	0.91		0.87	0.92	AADR
CVRD	0.1	0.76	-0.13	0.18	0.82	0.83	0.93	0.87		0.91	CVRD
VMAX	-0.23	0.9	-0.45	-0.12	0.92	0.71	0.97	0.92	0.91		VMAX
	FFLS	ROAM	WISE	ATFV	ASIA	RSMV	XMAG	AADR	CVRD	VMAX

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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

ASIA	+ 0.98	ROAM
VMAX	+ 0.97	XMAG
AADR	+ 0.96	ASIA
AADR	+ 0.94	ROAM
CVRD	+ 0.93	XMAG
VMAX	+ 0.92	ASIA

High negative correlations

WISE	- 0.64	ROAM
ASIA	- 0.53	WISE
VMAX	- 0.45	WISE
AADR	- 0.41	WISE
ROAM	- 0.38	FFLS
XMAG	- 0.3	WISE

Strategy Shares Constituents 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
FFLS	0.33	(0.07)	0.00	(0.32)	0.00	0.00	0.70	(0.85)	2.35
ROAM	0.52	0.21	0.20	0.59	0.19	(0.65)	1.59	(0.70)	3.66
WISE	1.43	(0.24)	0.00	(0.04)	0.00	0.00	2.44	(3.73)	8.53
ATFV	1.05	0.03	(0.06)	(0.24)	1.44	(1.05)	2.28	(2.92)	7.17
ASIA	0.78	0.21	0.19	0.39	0.50	(0.90)	2.08	(1.37)	4.61
RSMV	0.56	0.01	(0.05)	0.12	0.64	(0.61)	1.20	(1.26)	2.93
XMAG	0.55	0.03	0.01	0.15	0.45	(0.62)	1.05	(1.01)	3.80
AADR	0.90	0.15	0.11	0.29	0.99	(1.00)	2.01	(1.87)	6.43
CVRD	0.47	0.03	(0.01)	0.16	0.43	(0.52)	0.92	(0.95)	2.98
VMAX	0.67	0.07	0.08	0.18	0.60	(0.75)	1.40	(1.37)	4.47

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