Alexis Practical Correlations

LEXI Etf

USD 36.62 0.02 0.05%

The current 90-days correlation between Alexis Practical Tactical and SPDR SP Health is 0.41 (i.e., Very weak diversification). The correlation of Alexis Practical 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.

Alexis Practical Correlation With Market

Poor diversification

The correlation between Alexis Practical Tactical and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alexis Practical Tactical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alexis Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alexis Practical Tactical. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Alexis Etf

0.95	TDSC	Cabana Target Drawdown	Pair Corr
0.93	YYY	Amplify High Income	Pair Corr
0.94	FVC	First Trust Dorsey	Pair Corr
0.86	TDSB	Cabana Target Drawdown	Pair Corr
0.96	GMOM	Cambria Global Momentum	Pair Corr
0.85	TACK	Fairlead Tactical Sector	Pair Corr
0.96	DALI	First Trust Dorsey	Pair Corr
0.94	TOT	Advisor Managed Port	Pair Corr
0.68	SHLD	Global X Defense	Pair Corr
0.71	LUX	Tema Global	Pair Corr
0.89	FB	ProShares Trust ProShares	Pair Corr
0.94	SWP	SWP Growth Income	Pair Corr
0.95	DUKH	Ocean Park High	Pair Corr
0.8	STOT	SPDR DoubleLine Short	Pair Corr
0.95	DDX	Defined Duration Symbol Change	Pair Corr
0.93	FIVA	Fidelity International	Pair Corr
0.94	USHY	iShares Broad USD	Pair Corr
0.81	SKOR	FlexShares Credit	Pair Corr
0.85	IWO	iShares Russell 2000	Pair Corr
0.82	PDBC	Invesco Optimum Yield	Pair Corr
0.93	GAPR	First Trust Exchange	Pair Corr
0.84	SOXL	Direxion Daily Semic Aggressive Push	Pair Corr
0.76	PBDC	Putnam ETF Trust	Pair Corr
0.77	NVMZ	TrueShares Structured	Pair Corr
0.91	HDUS	Lattice Strategies Trust	Pair Corr
0.93	VYM	Vanguard High Dividend	Pair Corr
0.83	HEGD	Swan Hedged Equity	Pair Corr
0.97	EFA	iShares MSCI EAFE	Pair Corr
0.94	SPUT	Innovator ETFs Trust	Pair Corr
0.94	XLI	Industrial Select Sector Aggressive Push	Pair Corr
0.94	KFEB	Innovator Small Cap	Pair Corr
0.93	VOO	Vanguard SP 500 Sell-off Trend	Pair Corr
0.88	FUSI	American Century ETF	Pair Corr
0.98	DXUV	Dimensional ETF Trust	Pair Corr
0.91	FALN	iShares Fallen Angels	Pair Corr
0.84	JPIE	JP Morgan Exchange	Pair Corr

Related Correlations Analysis

	XHE	UOCT	CHGX	ACVF	HTUS	BNOV	TDSC	PSCH	FRI	XTN
XHE		0.76	0.19	0.44	0.81	0.73	0.78	0.93	0.01	0.84	XHE
UOCT	0.76		0.66	0.86	0.97	0.98	0.93	0.73	0.18	0.89	UOCT
CHGX	0.19	0.66		0.88	0.55	0.67	0.58	0.19	0.28	0.57	CHGX
ACVF	0.44	0.86	0.88		0.77	0.86	0.81	0.43	0.36	0.71	ACVF
HTUS	0.81	0.97	0.55	0.77		0.96	0.9	0.8	0.07	0.86	HTUS
BNOV	0.73	0.98	0.67	0.86	0.96		0.93	0.7	0.19	0.85	BNOV
TDSC	0.78	0.93	0.58	0.81	0.9	0.93		0.71	0.4	0.86	TDSC
PSCH	0.93	0.73	0.19	0.43	0.8	0.7	0.71		0.01	0.78	PSCH
FRI	0.01	0.18	0.28	0.36	0.07	0.19	0.4	0.01		0.12	FRI
XTN	0.84	0.89	0.57	0.71	0.86	0.85	0.86	0.78	0.12		XTN
	XHE	UOCT	CHGX	ACVF	HTUS	BNOV	TDSC	PSCH	FRI	XTN

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

Alexis Practical Constituents Risk-Adjusted Indicators

There is a big difference between Alexis Etf performing well and Alexis Practical 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 Alexis Practical'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
XHE	0.93	0.10	0.11	0.19	0.70	(1.15)	2.53	(1.30)	7.06
UOCT	0.25	0.00	(0.17)	0.09	0.27	(0.25)	0.42	(0.49)	1.58
CHGX	0.66	(0.02)	(0.08)	0.05	0.90	(0.63)	1.07	(1.49)	3.54
ACVF	0.49	(0.04)	(0.07)	0.04	0.72	(0.43)	0.95	(1.15)	2.86
HTUS	0.46	0.00	(0.04)	0.10	0.50	(0.51)	0.91	(0.83)	3.30
BNOV	0.35	0.00	(0.09)	0.08	0.47	(0.35)	0.73	(0.84)	2.57
TDSC	0.42	0.01	(0.07)	0.10	0.40	(0.46)	0.71	(0.83)	1.96
PSCH	0.88	0.00	0.02	0.09	0.75	(1.11)	2.41	(1.61)	6.59
FRI	0.56	0.03	(0.04)	0.16	0.70	(0.56)	1.17	(1.01)	3.74
XTN	1.08	0.11	0.13	0.17	0.88	(1.24)	2.72	(1.85)	5.07

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

Alexis Practical Correlations

Alexis Practical Correlation With Market

Poor diversification

Moving together with Alexis Etf

Related Correlations Analysis

Alexis Practical Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY