AltShares Trust Correlations
| ARB Etf | USD 28.14 0.09 0.32% |
The current 90-days correlation between AltShares Trust and Albany International is 0.08 (i.e., Significant diversification). The correlation of AltShares Trust 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.
AltShares Trust Correlation With Market
Average diversification
The correlation between AltShares Trust and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AltShares Trust and DJI in the same portfolio, assuming nothing else is changed.
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Moving against AltShares Etf
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AltShares Trust Constituents Risk-Adjusted Indicators
There is a big difference between AltShares Etf performing well and AltShares Trust 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 AltShares Trust'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AIN | 1.88 | (0.15) | 0.00 | (0.20) | 0.00 | 3.80 | 16.51 | |||
| AKR | 1.62 | (0.21) | 0.00 | 1.31 | 0.00 | 2.77 | 10.94 | |||
| ATR | 1.24 | 0.18 | 0.12 | 0.14 | 1.49 | 2.38 | 9.63 | |||
| AIT | 2.13 | (0.05) | 0.00 | (0.12) | 0.00 | 4.47 | 18.57 | |||
| HHS | 2.80 | (0.10) | 0.00 | (0.24) | 0.00 | 5.07 | 17.52 |