YieldMax NFLX Correlations

NFLY Etf

11.15 0.09 0.80%

The current 90-days correlation between YieldMax NFLX Option and YieldMax MSFT Option is 0.19 (i.e., Average diversification). The correlation of YieldMax NFLX 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.

YieldMax NFLX Correlation With Market

Good diversification

The correlation between YieldMax NFLX Option and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax NFLX Option and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with YieldMax Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in YieldMax NFLX Option. 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.

Moving together with YieldMax Etf

0.66	PUTW	WisdomTree CBOE SP Symbol Change	Pair Corr
0.76	MPAY	Exchange Traded Concepts	Pair Corr

Moving against YieldMax Etf

0.93	XYLD	Global X SP	Pair Corr
0.91	BUYW	Main Buywrite ETF	Pair Corr
0.91	FIVA	Fidelity International	Pair Corr
0.9	FUSI	American Century ETF	Pair Corr
0.89	GQI	Natixis ETF Trust	Pair Corr
0.88	CPST	Calamos ETF Trust	Pair Corr
0.86	JEPI	JPMorgan Equity Premium	Pair Corr
0.83	FENI	Fidelity Covington Trust	Pair Corr
0.82	RYLD	Global X Russell	Pair Corr
0.81	KNG	FT Cboe Vest	Pair Corr
0.8	XLF	Financial Select Sector	Pair Corr
0.77	IDME	International Drawdown	Pair Corr
0.77	KFEB	Innovator Small Cap	Pair Corr
0.76	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.76	VT	Vanguard Total World	Pair Corr
0.75	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.75	ITDD	iShares Trust	Pair Corr
0.75	XLI	Industrial Select Sector	Pair Corr
0.73	PDBC	Invesco Optimum Yield	Pair Corr
0.71	MKTN	Federated Hermes ETF	Pair Corr
0.68	HDUS	Lattice Strategies Trust	Pair Corr
0.66	DIVO	Amplify CWP Enhanced	Pair Corr
0.64	VV	Vanguard Large Cap	Pair Corr
0.63	IWO	iShares Russell 2000	Pair Corr
0.58	NVMZ	TrueShares Structured	Pair Corr
0.54	QTUM	Defiance Quantum ETF	Pair Corr
0.5	MEM	MAYBANK EMERGING ETF	Pair Corr
0.45	SHLD	Global X Defense Sell-off Trend	Pair Corr
0.95	SGVT	Schwab Strategic Trust	Pair Corr
0.92	JPIE	JP Morgan Exchange	Pair Corr
0.92	GAPR	First Trust Exchange	Pair Corr
0.9	STOT	SPDR DoubleLine Short	Pair Corr
0.89	HYLB	Xtrackers USD High	Pair Corr
0.89	VGSH	Vanguard Short Term	Pair Corr
0.88	USHY	iShares Broad USD	Pair Corr
0.88	SCYB	Schwab Strategic Trust	Pair Corr
0.87	VYM	Vanguard High Dividend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.23	-0.34	0.23	-0.14	0.52	-0.13	-0.34	-0.42	META
MSFT	0.6		0.75	-0.54	0.51	0.17	0.28	-0.34	-0.84	-0.74	MSFT
UBER	0.23	0.75		-0.49	0.41	0.35	-0.07	-0.52	-0.84	-0.51	UBER
F	-0.34	-0.54	-0.49		-0.68	-0.03	0.13	0.65	0.69	0.67	F
T	0.23	0.51	0.41	-0.68		0.45	-0.28	-0.52	-0.51	-0.65	T
A	-0.14	0.17	0.35	-0.03	0.45		-0.41	-0.25	-0.17	-0.24	A
CRM	0.52	0.28	-0.07	0.13	-0.28	-0.41		0.52	-0.02	-0.21	CRM
JPM	-0.13	-0.34	-0.52	0.65	-0.52	-0.25	0.52		0.56	0.36	JPM
MRK	-0.34	-0.84	-0.84	0.69	-0.51	-0.17	-0.02	0.56		0.77	MRK
XOM	-0.42	-0.74	-0.51	0.67	-0.65	-0.24	-0.21	0.36	0.77		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

XOM	+ 0.77	MRK
UBER	+ 0.75	MSFT
MRK	+ 0.69	F
XOM	+ 0.67	F
JPM	+ 0.65	F
MSFT	+ 0.6	META

High negative correlations

MRK	- 0.84	UBER
MRK	- 0.84	MSFT
XOM	- 0.74	MSFT
T	- 0.68	F
XOM	- 0.65	T
F	- 0.54	MSFT

YieldMax NFLX Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax NFLX 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 YieldMax NFLX'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	1.35	(0.31)	0.00	(0.21)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.99	(0.25)	0.00	(0.57)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.47	(0.12)	0.00	0.29	0.00	0.00	2.60	(3.82)	10.23
F	1.50	0.13	0.12	0.18	1.32	(1.81)	3.69	(2.35)	16.30
T	0.88	(0.18)	0.00	(0.45)	0.00	0.00	1.53	(1.85)	4.30
A	1.19	(0.13)	(0.07)	(0.01)	1.46	(1.27)	2.90	(2.24)	7.85
CRM	1.55	(0.25)	0.00	(0.12)	0.00	0.00	3.59	(3.10)	12.37
JPM	1.12	(0.10)	(0.04)	0.02	1.67	(1.13)	2.00	(3.11)	7.38
MRK	1.22	0.37	0.26	0.56	1.02	(1.52)	3.59	(1.98)	8.09
XOM	1.08	0.29	0.17	2.95	0.97	(1.25)	2.38	(1.51)	5.82

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