ProShares Inflation Correlations

RINF Etf

USD 32.13 0.02 0.06%

The current 90-days correlation between ProShares Inflation and EA Series Trust is 0.08 (i.e., Significant diversification). The correlation of ProShares Inflation 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.

ProShares Inflation Correlation With Market

Significant diversification

The correlation between ProShares Inflation Expectatio and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Inflation Expectatio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Inflation Expectations. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against ProShares Etf

0.56	SSFI	Strategy Shares	Pair Corr
0.56	BND	Vanguard Total Bond	Pair Corr
0.47	UCON	First Trust TCW	Pair Corr
0.36	AMAX	Starboard Investment	Pair Corr
0.31	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.11	-0.06	-0.19	0.64	-0.47	-0.41	-0.16	-0.45	-0.24	META
MSFT	0.11		-0.14	-0.16	-0.48	0.01	-0.27	-0.02	-0.12	-0.27	MSFT
UBER	-0.06	-0.14		0.79	0.11	0.5	-0.45	0.73	0.36	0.64	UBER
F	-0.19	-0.16	0.79		0.02	0.65	-0.46	0.64	0.61	0.61	F
T	0.64	-0.48	0.11	0.02		-0.45	-0.07	-0.05	-0.27	0.02	T
A	-0.47	0.01	0.5	0.65	-0.45		-0.33	0.56	0.64	0.54	A
CRM	-0.41	-0.27	-0.45	-0.46	-0.07	-0.33		-0.26	-0.17	-0.06	CRM
JPM	-0.16	-0.02	0.73	0.64	-0.05	0.56	-0.26		0.21	0.84	JPM
MRK	-0.45	-0.12	0.36	0.61	-0.27	0.64	-0.17	0.21		0.27	MRK
XOM	-0.24	-0.27	0.64	0.61	0.02	0.54	-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
A	+ 0.65	F
T	+ 0.64	META
XOM	+ 0.64	UBER

High negative correlations

T	- 0.48	MSFT
A	- 0.47	META
CRM	- 0.46	F
A	- 0.45	T
CRM	- 0.45	UBER
MRK	- 0.45	META

ProShares Inflation Competition Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Inflation 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 Inflation'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	0.05	(0.02)	(0.03)	1.48	(1.48)	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	1.41	0.39	0.23	(1.65)	1.03	(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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