YieldMax ARKK Correlations

OARK Etf

8.77 0.04 0.45%

The current 90-days correlation between YieldMax ARKK Option and SGI Enhanced Global is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as YieldMax ARKK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YieldMax ARKK Option moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in YieldMax ARKK 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 employment.

Moving together with YieldMax Etf

0.69	JEPI	JPMorgan Equity Premium	Pair Corr
0.85	XYLD	Global X SP	Pair Corr
0.8	DIVO	Amplify CWP Enhanced	Pair Corr
0.74	RYLD	Global X Russell	Pair Corr
0.87	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.82	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.79	BUYW	Main Buywrite ETF	Pair Corr
0.8	IDME	International Drawdown	Pair Corr
0.8	UPRO	ProShares UltraPro SP500	Pair Corr
0.84	QTJA	Innovator ETFs Trust	Pair Corr
0.72	QTOC	Innovator ETFs Trust	Pair Corr
0.67	XTOC	Innovator ETFs Trust	Pair Corr
0.8	QTAP	Innovator Growth 100	Pair Corr
0.71	XTJA	Innovator ETFs Trust	Pair Corr
0.7	XTAP	Innovator Equity Acc	Pair Corr
0.74	ANEW	ProShares MSCI Trans	Pair Corr
0.73	PJUN	Innovator SP 500	Pair Corr
0.84	LITP	Sprott Lithium Miners	Pair Corr
0.84	GLD	SPDR Gold Shares Aggressive Push	Pair Corr
0.79	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr
0.64	AXP	American Express Buyout Trend	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.81	IBM	International Business Earnings Call This Week	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr

Moving against YieldMax Etf

0.48	SIXH	ETC 6 Meridian	Pair Corr
0.54	VZ	Verizon Communications	Pair Corr
0.53	T	ATT Inc Earnings Call This Week	Pair Corr
0.48	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.17	0.07	-0.07	0.65	-0.37	-0.46	-0.07	-0.41	-0.21	META
MSFT	0.17		-0.14	-0.16	-0.48	0.01	-0.27	-0.02	-0.12	-0.27	MSFT
UBER	0.07	-0.14		0.79	0.11	0.53	-0.45	0.73	0.36	0.64	UBER
F	-0.07	-0.16	0.79		0.02	0.71	-0.46	0.64	0.61	0.61	F
T	0.65	-0.48	0.11	0.02		-0.43	-0.07	-0.05	-0.27	0.02	T
A	-0.37	0.01	0.53	0.71	-0.43		-0.35	0.62	0.72	0.57	A
CRM	-0.46	-0.27	-0.45	-0.46	-0.07	-0.35		-0.26	-0.17	-0.06	CRM
JPM	-0.07	-0.02	0.73	0.64	-0.05	0.62	-0.26		0.21	0.84	JPM
MRK	-0.41	-0.12	0.36	0.61	-0.27	0.72	-0.17	0.21		0.27	MRK
XOM	-0.21	-0.27	0.64	0.61	0.02	0.57	-0.06	0.84	0.27		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	+ 0.84	JPM
F	+ 0.79	UBER
JPM	+ 0.73	UBER
MRK	+ 0.72	A
A	+ 0.71	F
T	+ 0.65	META

High negative correlations

T	- 0.48	MSFT
CRM	- 0.46	F
CRM	- 0.46	META
CRM	- 0.45	UBER
A	- 0.43	T
MRK	- 0.41	META

YieldMax ARKK Competition Risk-Adjusted Indicators

There is a big difference between YieldMax Etf performing well and YieldMax ARKK 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 ARKK'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	1.30	0.01	0.00	0.06	1.49	(1.44)	2.18	(2.32)	15.10
MSFT	0.75	(0.02)	(0.05)	0.01	0.97	(0.74)	1.86	(1.64)	6.50
UBER	1.40	0.00	(0.01)	0.05	1.95	(1.33)	3.62	(3.30)	8.86
F	1.13	0.06	0.04	0.10	1.51	(1.20)	2.98	(1.83)	9.82
T	0.84	(0.02)	0.00	0.66	0.00	0.00	1.82	(2.30)	6.47
A	1.44	0.23	0.18	0.19	1.14	(1.64)	3.82	(2.15)	10.46
CRM	1.47	(0.13)	0.00	(0.11)	0.00	0.00	2.76	(3.33)	8.74
JPM	0.81	(0.01)	(0.01)	0.04	1.13	(0.80)	1.69	(1.91)	4.93
MRK	1.27	0.04	0.02	0.09	1.31	(1.44)	2.91	(2.36)	9.11
XOM	0.92	(0.01)	(0.02)	0.03	1.38	(0.83)	1.72	(2.42)	4.70

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