EntrepreneurShares Correlations
| ENTR Etf | USD 20.51 0.05 0.24% |
The correlation of EntrepreneurShares 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.
EntrepreneurShares Correlation With Market
Excellent diversification
The correlation between EntrepreneurShares and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EntrepreneurShares and DJI in the same portfolio, assuming nothing else is changed.
EntrepreneurShares | Build AI portfolio with EntrepreneurShares Etf |
Moving against EntrepreneurShares Etf
| 0.66 | AHYB | American Century ETF | PairCorr |
| 0.62 | JNUG | Direxion Daily Junior | PairCorr |
| 0.62 | SIL | Global X Silver | PairCorr |
| 0.62 | SIVR | abrdn Physical Silver | PairCorr |
| 0.6 | AGQ | ProShares Ultra Silver | PairCorr |
| 0.59 | NUGT | Direxion Daily Gold | PairCorr |
| 0.58 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.55 | MUU | Direxion Daily MU | PairCorr |
| 0.55 | MULL | GraniteShares 2x Long | PairCorr |
| 0.51 | SHNY | Microsectors Gold | PairCorr |
| 0.49 | KORU | Direxion Daily South | PairCorr |
| 0.38 | IUSG | iShares Core SP | PairCorr |
| 0.34 | IVW | iShares SP 500 | PairCorr |
| 0.34 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.72 | AA | Alcoa Corp Downward Rally | PairCorr |
| 0.63 | BA | Boeing | PairCorr |
| 0.5 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.48 | JPM | JPMorgan Chase | PairCorr |
| 0.48 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.44 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.4 | RDIV | Invesco SP Ultra | PairCorr |
| 0.4 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.37 | CVX | Chevron Corp | PairCorr |
| 0.36 | CAT | Caterpillar | PairCorr |
| 0.31 | AXP | American Express | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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EntrepreneurShares Constituents Risk-Adjusted Indicators
There is a big difference between EntrepreneurShares Etf performing well and EntrepreneurShares 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 EntrepreneurShares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSMO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KNCT | 0.94 | 0.00 | 0.00 | 0.05 | 1.32 | 1.92 | 6.31 | |||
| FIBR | 0.19 | (0.02) | 0.00 | 6.82 | 0.00 | 0.33 | 1.17 | |||
| NFO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EWRE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DRUP | 0.85 | (0.16) | 0.00 | (2.36) | 0.00 | 1.89 | 5.46 | |||
| GGME | 0.80 | (0.32) | 0.00 | (0.38) | 0.00 | 1.09 | 4.51 | |||
| PDEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TDSD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EntrepreneurShares Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EntrepreneurShares etf to make a market-neutral strategy. Peer analysis of EntrepreneurShares could also be used in its relative valuation, which is a method of valuing EntrepreneurShares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |