ProShares Merger Correlations

MRGR Etf

USD 44.66 0.09 0.20%

The current 90-days correlation between ProShares Merger ETF and TrueShares Structured Outcome is 0.22 (i.e., Modest diversification).Correlation analysis for ProShares Merger quantifies the degree to which its price movements mirror or diverge from those of related assets. A coefficient near +1 signals strong co-movement, while a coefficient near -1 indicates consistent opposite movement.

Market Correlation - ProShares Merger

Very weak diversification

Across the chosen horizon, MRGR and DJI show a correlation of 0.4 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with ProShares Etf

Use Correlation Analysis to better understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. This includes a position in ProShares Merger ETF in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with ProShares Etf

0.66

TMET

iShares Transition

Pair Corr

Related Correlations Analysis

	INOV	FSBD	BCHI	CGRO	PILL	BUYO	DTAN	QIDX	RULE	JUNZ
INOV		0.74	0.97	-0.3	0.29	0.79	0.91	0.92	0.94	0.22	INOV
FSBD	0.74		0.71	-0.34	0.02	0.47	0.62	0.67	0.71	0.07	FSBD
BCHI	0.97	0.71		-0.46	0.2	0.72	0.8	0.9	0.93	0.06	BCHI
CGRO	-0.3	-0.34	-0.46		0.36	0.1	0.02	-0.27	-0.3	0.66	CGRO
PILL	0.29	0.02	0.2	0.36		0.5	0.53	0.29	0.19	0.55	PILL
BUYO	0.79	0.47	0.72	0.1	0.5		0.83	0.9	0.81	0.56	BUYO
DTAN	0.91	0.62	0.8	0.02	0.53	0.83		0.83	0.79	0.45	DTAN
QIDX	0.92	0.67	0.9	-0.27	0.29	0.9	0.83		0.94	0.32	QIDX
RULE	0.94	0.71	0.93	-0.3	0.19	0.81	0.79	0.94		0.26	RULE
JUNZ	0.22	0.07	0.06	0.66	0.55	0.56	0.45	0.32	0.26		JUNZ
	INOV	FSBD	BCHI	CGRO	PILL	BUYO	DTAN	QIDX	RULE	JUNZ

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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

BCHI	+ 0.97	INOV
RULE	+ 0.94	INOV
RULE	+ 0.94	QIDX
RULE	+ 0.93	BCHI
QIDX	+ 0.92	INOV
DTAN	+ 0.91	INOV

High negative correlations

CGRO	- 0.46	BCHI
CGRO	- 0.34	FSBD
RULE	- 0.3	CGRO
CGRO	- 0.3	INOV
QIDX	- 0.27	CGRO

ProShares Merger Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Merger 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 ProShares Merger'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
INOV	0.41	0.04	0.09	0.04	0.62	-0.41	0.85	-0.94	3.52
FSBD	0.21	0.02	0.27	-0.51	0.13	-0.28	0.67	-0.38	1.33
BCHI	0.85	0.11	0.08	0.09	1.22	-0.80	2.03	-1.49	6.71
CGRO	0.97	-0.15	0.00	-0.24	0.00	0.00	2.35	-1.92	6.83
PILL	2.85	-0.19	0.00	-0.14	0.00	0.00	5.59	-6.25	18.35
BUYO	0.87	0.04	0.00	-0.02	0.00	0.00	1.66	-1.89	6.13
DTAN	0.69	0.01	0.00	-0.04	0.00	0.00	1.28	-1.97	4.34
QIDX	0.57	0.04	0.06	0.00	0.73	-0.60	1.21	-1.34	3.32
RULE	1.09	0.11	0.07	0.05	1.47	-1.07	1.91	-2.60	6.24
JUNZ	0.52	-0.02	0.00	-0.08	0.00	0.00	0.73	-1.27	3.24

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