Correlation Between YieldMax N and ZKB Platinum
Can any of the company-specific risk be diversified away by investing in both YieldMax N and ZKB Platinum at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining YieldMax N and ZKB Platinum into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between YieldMax N Option and ZKB Platinum ETF, you can compare the effects of market volatilities on YieldMax N and ZKB Platinum and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in YieldMax N with a short position of ZKB Platinum. Check out your portfolio center. Please also check ongoing floating volatility patterns of YieldMax N and ZKB Platinum.
Diversification Opportunities for YieldMax N and ZKB Platinum
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between YieldMax and ZKB is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax N Option and ZKB Platinum ETF in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ZKB Platinum ETF and YieldMax N is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on YieldMax N Option are associated (or correlated) with ZKB Platinum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ZKB Platinum ETF has no effect on the direction of YieldMax N i.e., YieldMax N and ZKB Platinum go up and down completely randomly.
Pair Corralation between YieldMax N and ZKB Platinum
Given the investment horizon of 90 days YieldMax N Option is expected to generate 0.95 times more return on investment than ZKB Platinum. However, YieldMax N Option is 1.05 times less risky than ZKB Platinum. It trades about 0.2 of its potential returns per unit of risk. ZKB Platinum ETF is currently generating about 0.06 per unit of risk. If you would invest 805.00 in YieldMax N Option on May 2, 2025 and sell it today you would earn a total of 64.00 from holding YieldMax N Option or generate 7.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 95.45% |
| Values | Daily Returns |
YieldMax N Option vs. ZKB Platinum ETF
Performance |
| Timeline |
| YieldMax N Option |
| ZKB Platinum ETF |
YieldMax N and ZKB Platinum Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with YieldMax N and ZKB Platinum
The main advantage of trading using opposite YieldMax N and ZKB Platinum positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if YieldMax N position performs unexpectedly, ZKB Platinum can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZKB Platinum will offset losses from the drop in ZKB Platinum's long position.| YieldMax N vs. Tidal Trust II | YieldMax N vs. Tidal Trust II | YieldMax N vs. T Rex 2X Long | YieldMax N vs. Direxion Daily META |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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