Tradr 2X Correlations

BLSX Etf

7.82 0.93 13.50%

The current 90-days correlation between Tradr 2X Long and Invesco SP SmallCap is 0.3 (i.e., Weak diversification). The correlation of Tradr 2X 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.

Tradr 2X Correlation With Market

Excellent diversification

The correlation between Tradr 2X Long and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tradr 2X Long and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tradr Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tradr 2X Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Tradr Etf

0.72	VUG	Vanguard Growth Index	Pair Corr
0.81	MPAY	Exchange Traded Concepts	Pair Corr

Moving against Tradr Etf

0.83	CCNR	CoreCommodity Natural	Pair Corr
0.81	VEA	Vanguard FTSE Developed	Pair Corr
0.8	VTV	Vanguard Value Index	Pair Corr
0.76	ELON	Battleshares TSLA	Pair Corr
0.69	INR	Infinity Natural Res	Pair Corr
0.63	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.63	VB	Vanguard Small Cap	Pair Corr
0.63	AMPD	Tidal ETF Services	Pair Corr
0.61	CPST	Calamos ETF Trust	Pair Corr
0.57	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.54	VO	Vanguard Mid Cap	Pair Corr
0.51	ITWO	Proshares Russell 2000	Pair Corr
0.83	VDC	Vanguard Consumer Staples	Pair Corr
0.83	MEXX	Direxion Daily MSCI Potential Growth	Pair Corr
0.82	STXV	EA Series Trust	Pair Corr
0.81	HEEM	iShares Currency Hedged Low Volatility	Pair Corr
0.81	FIEE	FiEE Inc Symbol Change	Pair Corr
0.8	PID	Invesco International	Pair Corr
0.79	ESGD	iShares ESG Aware	Pair Corr
0.77	ILOW	AB Active ETFs	Pair Corr
0.76	DFE	WisdomTree Europe	Pair Corr
0.74	LALT	Invesco Multi Strategy	Pair Corr
0.72	CFA	VictoryShares 500	Pair Corr
0.7	IJS	iShares SP Small	Pair Corr
0.69	AUMI	Themes Gold Miners	Pair Corr
0.62	IGEB	iShares Edge Investment	Pair Corr
0.57	QTAP	Innovator Growth 100	Pair Corr
0.46	GOCT	FT Cboe Vest	Pair Corr
0.37	PDEC	Innovator SP 500	Pair Corr
0.83	UEVM	VictoryShares Emerging	Pair Corr
0.83	FEM	First Trust Emerging	Pair Corr
0.82	FTCS	First Trust Capital	Pair Corr
0.82	TAXT	Northern Trust Tax	Pair Corr
0.81	DISV	Dimensional ETF Trust	Pair Corr
0.81	EMIF	iShares Emerging Markets	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.19	-0.24	0.32	0.11	-0.36	-0.02	0.33	0.25	0.29	META
MSFT	-0.19		0.83	-0.6	-0.83	0.78	0.9	0.22	-0.89	-0.94	MSFT
UBER	-0.24	0.83		-0.54	-0.72	0.84	0.71	0.07	-0.8	-0.82	UBER
F	0.32	-0.6	-0.54		0.29	-0.52	-0.39	0.15	0.75	0.66	F
T	0.11	-0.83	-0.72	0.29		-0.6	-0.83	-0.23	0.67	0.72	T
A	-0.36	0.78	0.84	-0.52	-0.6		0.63	0.09	-0.72	-0.83	A
CRM	-0.02	0.9	0.71	-0.39	-0.83	0.63		0.49	-0.75	-0.87	CRM
JPM	0.33	0.22	0.07	0.15	-0.23	0.09	0.49		0.04	-0.2	JPM
MRK	0.25	-0.89	-0.8	0.75	0.67	-0.72	-0.75	0.04		0.9	MRK
XOM	0.29	-0.94	-0.82	0.66	0.72	-0.83	-0.87	-0.2	0.9		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

CRM	+ 0.9	MSFT
XOM	+ 0.9	MRK
A	+ 0.84	UBER
UBER	+ 0.83	MSFT
A	+ 0.78	MSFT
MRK	+ 0.75	F

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.89	MSFT
XOM	- 0.87	CRM
XOM	- 0.83	A
CRM	- 0.83	T
T	- 0.83	MSFT

Tradr 2X Competition Risk-Adjusted Indicators

There is a big difference between Tradr Etf performing well and Tradr 2X 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 Tradr 2X'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	1.51	0.04	0.02	0.14	1.52	(1.74)	3.43	(2.81)	13.69
MSFT	1.31	(0.38)	0.00	(0.81)	0.00	0.00	1.90	(2.87)	13.28
UBER	1.61	(0.41)	0.00	(0.51)	0.00	0.00	2.46	(4.25)	11.09
F	1.28	0.06	0.05	0.15	1.17	(1.56)	3.61	(2.30)	7.50
T	1.03	0.18	0.07	(1.54)	0.92	(1.20)	3.87	(1.76)	7.44
A	1.26	(0.32)	0.00	(0.19)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.74	(0.43)	0.00	(0.29)	0.00	0.00	3.22	(4.75)	12.37
JPM	1.24	(0.15)	(0.05)	0.00	1.80	(1.29)	2.34	(3.11)	8.17
MRK	1.23	0.33	0.22	0.56	0.99	(1.40)	2.81	(1.98)	8.74
XOM	1.31	0.35	0.18	3.10	1.14	(1.50)	2.90	(2.44)	6.83

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