Formidable ETF Correlations

FORH Etf

USD 25.52 0.18 0.70%

The current 90-days correlation between Formidable ETF and Rayliant Asset Management is 0.05 (i.e., Significant diversification). The correlation of Formidable ETF 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.

Formidable ETF Correlation With Market

Poor diversification

The correlation between Formidable ETF and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Formidable ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Formidable Etf

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

For more detail on how to invest in Formidable Etf please use our How to Invest in Formidable ETF guide.

Moving together with Formidable Etf

0.81	INFL	Horizon Kinetics Inf	Pair Corr
0.82	PBD	Invesco Global Clean	Pair Corr
0.64	VRAI	Virtus Real Asset	Pair Corr
0.8	CTEC	Global X CleanTech	Pair Corr
0.83	SAGP	Advisorsa Inner	Pair Corr
0.86	CBSE	Elevation Series Trust	Pair Corr
0.86	ITWO	Proshares Russell 2000	Pair Corr
0.81	IJS	iShares SP Small	Pair Corr
0.78	RHRX	Starboard Investment	Pair Corr
0.77	FIDU	Fidelity MSCI Industrials	Pair Corr
0.84	QTAP	Innovator Growth 100	Pair Corr
0.79	BDEC	Innovator SP 500	Pair Corr
0.79	EPU	iShares MSCI Peru	Pair Corr
0.78	AVUV	Avantis Small Cap	Pair Corr
0.86	AUMI	Themes Gold Miners	Pair Corr
0.77	BIB	ProShares Ultra Nasdaq	Pair Corr
0.66	LGCF	Themes Cash Flow	Pair Corr
0.79	EAFG	Pacer Funds Trust	Pair Corr
0.78	HEEM	iShares Currency Hedged	Pair Corr
0.68	JETS	US Global Jets	Pair Corr
0.73	VYMI	Vanguard International	Pair Corr
0.65	SCDV	ETF Series Solutions	Pair Corr
0.62	HCMAX	THE HILLMAN FUND	Pair Corr
0.75	UEVM	VictoryShares Emerging	Pair Corr

Moving against Formidable Etf

0.32

BMNZ

Tidal Trust II Upward Rally

Pair Corr

Related Correlations Analysis

	KONG	TIME	AAVM	AVNV	COPJ	EWK	PJFV	FPWR	HDMV	RAYC
KONG		0.66	0.54	0.51	0.74	0.38	0.57	-0.34	0.35	0.65	KONG
TIME	0.66		-0.07	-0.1	0.33	-0.23	-0.02	-0.62	-0.29	0.31	TIME
AAVM	0.54	-0.07		1.0	0.87	0.97	0.98	0.46	0.96	0.59	AAVM
AVNV	0.51	-0.1	1.0		0.87	0.97	0.97	0.48	0.97	0.56	AVNV
COPJ	0.74	0.33	0.87	0.87		0.79	0.86	0.17	0.75	0.65	COPJ
EWK	0.38	-0.23	0.97	0.97	0.79		0.95	0.57	0.97	0.48	EWK
PJFV	0.57	-0.02	0.98	0.97	0.86	0.95		0.39	0.93	0.58	PJFV
FPWR	-0.34	-0.62	0.46	0.48	0.17	0.57	0.39		0.58	-0.15	FPWR
HDMV	0.35	-0.29	0.96	0.97	0.75	0.97	0.93	0.58		0.46	HDMV
RAYC	0.65	0.31	0.59	0.56	0.65	0.48	0.58	-0.15	0.46		RAYC
	KONG	TIME	AAVM	AVNV	COPJ	EWK	PJFV	FPWR	HDMV	RAYC

Please upgrade your account to get full access to Macroaxis premium features

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

AVNV	+ 1.0	AAVM
PJFV	+ 0.98	AAVM
EWK	+ 0.97	AAVM
EWK	+ 0.97	AVNV
PJFV	+ 0.97	AVNV
HDMV	+ 0.97	AVNV

High negative correlations

FPWR	- 0.62	TIME
FPWR	- 0.34	KONG
HDMV	- 0.29	TIME
EWK	- 0.23	TIME
RAYC	- 0.15	FPWR
AVNV	- 0.1	TIME

Formidable ETF Constituents Risk-Adjusted Indicators

There is a big difference between Formidable Etf performing well and Formidable ETF 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 Formidable ETF'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
KONG	0.54	0.09	0.00	(0.55)	0.64	(0.58)	1.12	(1.30)	3.55
TIME	0.61	0.03	(0.04)	1.78	1.04	(0.55)	1.06	(1.60)	5.18
AAVM	0.60	0.31	0.31	(5.69)	0.10	(0.75)	1.55	(0.95)	4.28
AVNV	0.55	0.32	0.29	(1.89)	0.23	(0.67)	1.37	(0.65)	3.81
COPJ	1.91	0.81	0.21	(1.24)	2.50	(2.19)	4.43	(3.99)	15.83
EWK	0.53	0.20	0.15	(1.67)	0.42	(0.62)	1.05	(0.91)	3.12
PJFV	0.55	0.16	0.09	(1.38)	0.59	(0.61)	1.17	(0.97)	3.45
FPWR	0.53	0.16	0.15	1.02	0.31	(0.60)	1.43	(0.96)	3.14
HDMV	0.41	0.19	0.24	8.98	0.00	(0.52)	1.00	(0.63)	2.28
RAYC	0.69	0.10	0.02	1.98	0.88	(0.72)	1.81	(1.18)	7.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC