TradersAI Large Correlations

HFSP Etf

15.45 0.43 2.86%

The current 90-days correlation between TradersAI Large Cap and Global X SP is -0.25 (i.e., Very good diversification). The correlation of TradersAI Large 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. If the correlation is 0, the equities are not correlated; they are entirely random.

TradersAI Large Correlation With Market

Good diversification

The correlation between TradersAI Large Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TradersAI Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TradersAI Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in TradersAI Large Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with TradersAI Etf

0.72

Home Depot

Pair Corr

Moving against TradersAI Etf

0.85	MRK	Merck Company Aggressive Push	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.73	CLSE	Trust For Professional	Pair Corr
0.72	WMT	Walmart Common Stock	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.71	MMM	3M Company	Pair Corr
0.69	AXP	American Express Sell-off Trend	Pair Corr
0.63	FTLS	First Trust LongShort	Pair Corr
0.63	CPST	Calamos ETF Trust	Pair Corr
0.6	TRV	The Travelers Companies	Pair Corr
0.57	AMPD	Tidal ETF Services	Pair Corr
0.54	IBM	International Business	Pair Corr
0.53	DFND	Siren DIVCON Dividend	Pair Corr
0.47	ITDD	iShares Trust	Pair Corr
0.47	PFE	Pfizer Inc	Pair Corr
0.32	ITWO	Proshares Russell 2000	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.65	0.6	-0.69	0.65	-0.67	0.24	-0.08	-0.64	-0.64	META
MSFT	0.65		0.84	-0.49	0.31	-0.27	0.17	-0.23	-0.75	-0.59	MSFT
UBER	0.6	0.84		-0.6	0.51	-0.43	0.04	-0.02	-0.81	-0.56	UBER
F	-0.69	-0.49	-0.6		-0.72	0.65	0.22	0.28	0.71	0.74	F
T	0.65	0.31	0.51	-0.72		-0.7	-0.35	0.01	-0.55	-0.45	T
A	-0.67	-0.27	-0.43	0.65	-0.7		-0.12	-0.25	0.64	0.35	A
CRM	0.24	0.17	0.04	0.22	-0.35	-0.12		0.22	-0.11	0.04	CRM
JPM	-0.08	-0.23	-0.02	0.28	0.01	-0.25	0.22		0.08	0.25	JPM
MRK	-0.64	-0.75	-0.81	0.71	-0.55	0.64	-0.11	0.08		0.62	MRK
XOM	-0.64	-0.59	-0.56	0.74	-0.45	0.35	0.04	0.25	0.62		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

UBER	+ 0.84	MSFT
XOM	+ 0.74	F
MRK	+ 0.71	F
MSFT	+ 0.65	META
T	+ 0.65	META
A	+ 0.65	F

High negative correlations

MRK	- 0.81	UBER
MRK	- 0.75	MSFT
T	- 0.72	F
A	- 0.7	T
F	- 0.69	META
A	- 0.67	META

TradersAI Large Competition Risk-Adjusted Indicators

There is a big difference between TradersAI Etf performing well and TradersAI Large 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 TradersAI Large'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
META	1.40	(0.27)	0.00	(0.23)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.94	(0.11)	0.00	(0.13)	0.00	0.00	1.85	(2.50)	5.08
UBER	1.53	(0.28)	0.00	(0.20)	0.00	0.00	3.34	(3.82)	10.91
F	1.50	0.15	0.09	0.16	1.71	(1.60)	3.38	(2.63)	16.30
T	0.95	(0.30)	0.00	(1.09)	0.00	0.00	1.61	(2.18)	5.75
A	1.26	0.06	0.05	0.11	1.31	(1.35)	2.34	(2.21)	11.03
CRM	1.57	0.05	0.02	0.10	2.05	(1.51)	3.66	(2.92)	9.91
JPM	1.00	(0.05)	(0.03)	0.01	1.46	(0.96)	2.00	(1.91)	7.02
MRK	1.42	0.31	0.22	0.43	1.13	(1.85)	4.85	(2.06)	11.45
XOM	0.97	0.02	(0.03)	0.14	1.07	(1.03)	1.96	(1.51)	4.99

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