AlphaDroid Defensive Correlations

EZRO Etf

25.80 -0.25 -0.96%

The current 90-days correlation between AlphaDroid Defensive and Vanguard Total World is 0.82 (i.e., Very poor diversification).Because correlations between assets tend to spike during market dislocations, the apparent diversification benefit of holding AlphaDroid Defensive alongside other equities may be lower in practice than historical averages suggest.

Market Correlation Snapshot: AlphaDroid Defensive

Very weak diversification

Across the chosen horizon, EZRO and DJI show a correlation of 0.5 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with AlphaDroid Etf

Review Investing Opportunities to understand diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. This suggests a position in AlphaDroid Defensive Sector within the allocation view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with AlphaDroid Etf

0.92	ICLN	iShares Global Clean	Pair Corr
0.79	XT	iShares Exponential	Pair Corr
0.88	TAN	Invesco Solar ETF	Pair Corr
0.81	QCLN	First Trust NASDAQ	Pair Corr
0.69	BOTZ	Global X Robotics	Pair Corr
0.79	DRIV	Global X Autonomous	Pair Corr
0.72	INR	Infinity Natural	Pair Corr
0.78	BND	Vanguard Total Bond	Pair Corr
0.88	VTV	Vanguard Value Index	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.78	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.87	CVX	Chevron Corp	Pair Corr
0.77	PG	Procter Gamble	Pair Corr
0.7	INTC	Intel Aggressive Push	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.71	WMT	Walmart Common Stock	Pair Corr
0.69	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.87	CAT	Caterpillar	Pair Corr
0.86	DD	Dupont De Nemours	Pair Corr
0.79	KO	Coca Cola	Pair Corr
0.66	T	ATT Inc Earnings Call This Week	Pair Corr
0.82	MRK	Merck Company	Pair Corr

Moving against AlphaDroid Etf

0.77	IPAY	Amplify Digital Payments	Pair Corr
0.66	MJ	Amplify Alternative	Pair Corr
0.62	VUG	Vanguard Growth Index	Pair Corr
0.59	MSOS	AdvisorShares Pure	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.71	AXP	American Express	Pair Corr
0.59	BAC	Bank of America Sell-off Trend	Pair Corr
0.55	JPM	JPMorgan Chase	Pair Corr
0.48	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT
DHSB		0.64	0.74	0.11	0.57	0.62	0.57	0.46	0.77	DHSB
MBOX	0.64		0.39	-0.22	0.92	0.96	0.96	0.72	0.87	MBOX
DINT	0.74	0.39		0.59	0.33	0.36	0.31	0.35	0.71	DINT
MCHI	0.11	-0.22	0.59		-0.32	-0.3	-0.33	-0.17	0.2	MCHI
DIVS	0.57	0.92	0.33	-0.32		0.98	0.97	0.75	0.78	DIVS
DIVY	0.62	0.96	0.36	-0.3	0.98		0.98	0.74	0.81	DIVY
DIVZ	0.57	0.96	0.31	-0.33	0.97	0.98		0.76	0.81	DIVZ
PY	0.46	0.72	0.35	-0.17	0.75	0.74	0.76		0.69	PY
VT	0.77	0.87	0.71	0.2	0.78	0.81	0.81	0.69		VT
	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT

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

DIVY	+ 0.98	DIVS
DIVZ	+ 0.98	DIVY
DIVZ	+ 0.97	DIVS
DIVY	+ 0.96	MBOX
DIVZ	+ 0.96	MBOX
DIVS	+ 0.92	MBOX

High negative correlations

DIVZ	- 0.33	MCHI
DIVS	- 0.32	MCHI
DIVY	- 0.3	MCHI
MCHI	- 0.22	MBOX
PY	- 0.17	MCHI

AlphaDroid Defensive Constituents Risk-Adjusted Indicators

There is a big difference between AlphaDroid Etf performing well and AlphaDroid Defensive 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 AlphaDroid Defensive'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
DHSB	0.24	0.00	0.06	-0.05	0.32	-0.25	0.43	-0.50	1.69
MBOX	0.54	0.09	0.14	0.10	0.54	-0.58	1.12	-0.97	3.69
DINT	0.76	0.02	0.03	-0.13	1.10	-0.77	1.46	-1.68	6.68
MCHI	0.92	-0.06	0.00	-0.10	0.00	0.00	1.79	-2.18	6.46
DIVS	0.46	0.03	0.07	-0.28	0.63	-0.43	0.97	-0.90	3.43
DIVY	0.58	0.07	0.12	-4.26	0.70	-0.60	1.40	-1.29	3.81
DIVZ	0.44	0.07	0.15	0.13	0.46	-0.50	0.77	-0.96	3.10
PY	0.50	0.01	0.02	-0.01	0.64	-0.55	1.03	-1.12	3.16
VT	0.57	0.04	0.06	0.03	0.72	-0.62	0.87	-1.21	4.14

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