Roundhill Meta Correlations
| METW Etf | 31.18 -1.66 -5.05% |
The current 90-days correlation between Roundhill Meta Weeklypay and Roundhill ETF Trust is -0.16 (i.e., Good diversification).Roundhill Meta's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.
Roundhill Meta Market Correlation Overview
Good diversification
Across the chosen horizon, METW and DJI show a correlation of -0.03 and fall into the Good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
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Related Correlations Analysis
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
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Roundhill Meta Constituents Risk-Adjusted Indicators
There is a big difference between Roundhill Etf performing well and Roundhill Meta 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 Roundhill Meta'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NFLW | 1.82 | -0.16 | 0.00 | 0.50 | 0.00 | 3.49 | 17.94 | |||
| BRKW | 0.91 | -0.05 | 0.00 | -0.24 | 0.00 | 1.65 | 8.36 | |||
| AMZW | 1.60 | -0.14 | 0.00 | -0.29 | 0.00 | 3.28 | 11.52 | |||
| MSFW | 1.58 | -0.30 | 0.00 | -0.69 | 0.00 | 2.58 | 16.28 | |||
| GOOW | 1.34 | -0.06 | 0.00 | -0.81 | 0.00 | 2.58 | 6.93 | |||
| RFCI | 0.16 | -0.01 | 0.00 | -0.21 | 0.00 | 0.27 | 0.93 | |||
| OCTJ | 0.11 | 0.01 | 0.27 | 0.00 | 0.10 | 0.21 | 0.88 | |||
| AAPW | 1.18 | -0.13 | 0.00 | -0.21 | 0.00 | 3.56 | 11.04 | |||
| MFLX | 0.12 | 0.02 | 0.29 | 0.45 | 0.00 | 0.29 | 0.93 | |||
| AMDW | 3.05 | -0.02 | 0.00 | -0.06 | 0.00 | 7.78 | 29.77 |