T Rex Correlations

BTCL Etf

60.85 1.40 2.25%

The current 90-days correlation between T Rex 2X and FT Cboe Vest is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as T Rex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if T Rex 2X Long moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

T Rex Correlation With Market

Average diversification

The correlation between T Rex 2X Long and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T Rex 2X Long and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BTCL Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in T Rex 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 commodities.

Moving together with BTCL Etf

0.71	YCS	ProShares UltraShort Yen	Pair Corr
0.73	CEFD	ETRACS Monthly Pay	Pair Corr
0.99	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.8	USD	ProShares Ultra Semi	Pair Corr
0.73	FNGO	MicroSectors FANG Index	Pair Corr
1.0	BITO	ProShares Bitcoin	Pair Corr
0.8	DFEN	Direxion Daily Aerospace	Pair Corr
0.91	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.93	BITS	Global X Blockchain	Pair Corr
0.73	FNGG	Direxion Daily Select	Pair Corr
0.88	BA	Boeing	Pair Corr
0.77	GE	GE Aerospace	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.65	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.63	PFE	Pfizer Inc	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr
0.72	CVX	Chevron Corp	Pair Corr

Moving against BTCL Etf

0.8	VXX	iPath Series B	Pair Corr
0.8	VIXY	ProShares VIX Short	Pair Corr
0.45	EUO	ProShares UltraShort Euro	Pair Corr
0.52	TRV	The Travelers Companies	Pair Corr
0.43	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.92	0.43	0.63	0.37	0.65	-0.69	0.83	0.6	0.49	META
MSFT	0.92		0.45	0.71	0.29	0.57	-0.7	0.94	0.7	0.54	MSFT
UBER	0.43	0.45		0.8	0.1	0.53	0.09	0.58	0.44	0.44	UBER
F	0.63	0.71	0.8		0.19	0.65	-0.29	0.8	0.74	0.68	F
T	0.37	0.29	0.1	0.19		0.37	-0.28	0.28	0.39	0.11	T
A	0.65	0.57	0.53	0.65	0.37		-0.2	0.65	0.74	0.7	A
CRM	-0.69	-0.7	0.09	-0.29	-0.28	-0.2		-0.5	-0.46	-0.24	CRM
JPM	0.83	0.94	0.58	0.8	0.28	0.65	-0.5		0.73	0.6	JPM
MRK	0.6	0.7	0.44	0.74	0.39	0.74	-0.46	0.73		0.68	MRK
XOM	0.49	0.54	0.44	0.68	0.11	0.7	-0.24	0.6	0.68		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

JPM	+ 0.94	MSFT
MSFT	+ 0.92	META
JPM	+ 0.83	META
F	+ 0.8	UBER
JPM	+ 0.8	F
MRK	+ 0.74	F

High negative correlations

CRM	- 0.7	MSFT
CRM	- 0.69	META
JPM	- 0.5	CRM
MRK	- 0.46	CRM
CRM	- 0.29	F
CRM	- 0.28	T

T Rex Competition Risk-Adjusted Indicators

There is a big difference between BTCL Etf performing well and T Rex 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 T Rex'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	1.47	0.31	0.24	0.40	0.94	(1.80)	3.51	(2.35)	14.28
MSFT	0.69	0.22	0.22	0.49	0.28	(0.80)	2.20	(1.08)	5.71
UBER	1.51	(0.03)	(0.02)	0.08	1.69	(1.75)	3.87	(3.36)	11.37
F	1.30	0.04	0.02	0.15	1.56	(1.28)	2.51	(2.33)	7.46
T	0.89	0.00	(0.09)	0.10	1.17	(0.91)	2.03	(2.13)	5.71
A	1.45	(0.06)	0.02	0.08	1.82	(1.47)	2.82	(2.74)	14.01
CRM	1.21	(0.34)	0.00	(0.14)	0.00	0.00	2.12	(3.19)	8.50
JPM	0.84	0.12	0.10	0.23	0.83	(0.92)	1.83	(1.51)	5.90
MRK	1.37	(0.08)	(0.03)	0.04	1.98	(1.25)	2.90	(3.31)	10.58
XOM	1.05	0.02	(0.05)	0.26	1.30	(1.07)	2.14	(2.07)	6.26

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