Strategy Shares Correlations

MPLY Etf

30.45 0.01 0.03%

The current 90-days correlation between Strategy Shares Monopoly and iShares Dividend and is 0.39 (i.e., Weak diversification). The correlation of Strategy Shares 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.

Strategy Shares Correlation With Market

Poor diversification

The correlation between Strategy Shares Monopoly and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy Shares Monopoly and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Strategy Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Strategy Shares Monopoly. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Strategy Etf please use our How to Invest in Strategy Shares guide.

Moving together with Strategy Etf

0.91	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.93	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.93	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.92	VUG	Vanguard Growth Index Sell-off Trend	Pair Corr
0.69	VO	Vanguard Mid Cap	Pair Corr
0.63	VEA	Vanguard FTSE Developed	Pair Corr
0.67	VB	Vanguard Small Cap	Pair Corr
0.68	ISCB	iShares Morningstar	Pair Corr
0.93	PRXG	Praxis Funds	Pair Corr
0.71	FALN	iShares Fallen Angels	Pair Corr
0.66	KFEB	Innovator Small Cap	Pair Corr
0.66	GAPR	First Trust Exchange	Pair Corr
0.65	USHY	iShares Broad USD	Pair Corr
0.82	VT	Vanguard Total World	Pair Corr
0.63	HYLB	Xtrackers USD High	Pair Corr
0.73	DXUV	Dimensional ETF Trust	Pair Corr
0.63	SCYB	Schwab Strategic Trust	Pair Corr
0.82	SMH	VanEck Semiconductor ETF	Pair Corr
0.62	DDX	Defined Duration Symbol Change	Pair Corr
0.93	VOO	Vanguard SP 500 Sell-off Trend	Pair Corr
0.82	SPUT	Innovator ETFs Trust	Pair Corr
0.76	GQI	Natixis ETF Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.32	-0.39	0.24	-0.24	0.43	-0.19	-0.35	-0.43	META
MSFT	0.6		0.8	-0.55	0.48	0.06	0.13	-0.45	-0.84	-0.7	MSFT
UBER	0.32	0.8		-0.49	0.44	0.32	-0.14	-0.5	-0.81	-0.54	UBER
F	-0.39	-0.55	-0.49		-0.71	0.09	0.24	0.66	0.71	0.73	F
T	0.24	0.48	0.44	-0.71		0.32	-0.45	-0.6	-0.51	-0.64	T
A	-0.24	0.06	0.32	0.09	0.32		-0.5	-0.26	-0.06	-0.09	A
CRM	0.43	0.13	-0.14	0.24	-0.45	-0.5		0.52	0.11	0.02	CRM
JPM	-0.19	-0.45	-0.5	0.66	-0.6	-0.26	0.52		0.64	0.52	JPM
MRK	-0.35	-0.84	-0.81	0.71	-0.51	-0.06	0.11	0.64		0.79	MRK
XOM	-0.43	-0.7	-0.54	0.73	-0.64	-0.09	0.02	0.52	0.79		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	+ 0.8	MSFT
XOM	+ 0.79	MRK
XOM	+ 0.73	F
MRK	+ 0.71	F
JPM	+ 0.66	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.81	UBER
T	- 0.71	F
XOM	- 0.7	MSFT
XOM	- 0.64	T
JPM	- 0.6	T

Strategy Shares Competition Risk-Adjusted Indicators

There is a big difference between Strategy Etf performing well and Strategy Shares 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 Strategy Shares' 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	1.32	(0.28)	0.00	(0.20)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.94	(0.21)	0.00	(0.38)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.46	(0.23)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.42	0.13	0.12	0.18	1.27	(1.72)	3.38	(2.35)	16.30
T	0.89	(0.18)	0.00	(0.42)	0.00	0.00	1.53	(1.85)	4.30
A	1.14	(0.09)	(0.05)	0.02	1.39	(1.20)	2.34	(2.22)	6.50
CRM	1.57	(0.16)	0.00	(0.06)	0.00	0.00	3.66	(2.92)	12.37
JPM	1.12	(0.07)	(0.02)	0.04	1.59	(1.13)	2.00	(2.34)	7.38
MRK	1.23	0.32	0.23	0.44	1.01	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.23	0.12	2.92	0.98	(1.24)	2.37	(1.51)	5.82

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