EntrepreneurShares Correlations

ENTR Etf

USD 17.64 2.92 14.20%

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 -0.52 (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.

Build AI portfolio with EntrepreneurShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against EntrepreneurShares Etf

0.77	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.49	SIXD	AIM ETF Products	Pair Corr
0.73	UEVM	VictoryShares Emerging	Pair Corr
0.72	SLV	iShares Silver Trust Buyout Trend	Pair Corr
0.7	HEEM	iShares Currency Hedged	Pair Corr
0.69	FTCS	First Trust Capital	Pair Corr
0.68	DOO	BRP Inc Symbol Change	Pair Corr
0.67	DISV	Dimensional ETF Trust	Pair Corr
0.66	STXV	EA Series Trust	Pair Corr
0.65	DFE	WisdomTree Europe	Pair Corr
0.64	EMIF	iShares Emerging Markets	Pair Corr
0.62	VYMI	Vanguard International	Pair Corr
0.61	JEPI	JPMorgan Equity Premium	Pair Corr
0.6	GPGCX	Grandeur Peak Global	Pair Corr
0.53	DIA	SPDR Dow Jones	Pair Corr
0.51	ULE	ProShares Ultra Euro	Pair Corr
0.45	GOCT	FT Cboe Vest	Pair Corr
0.42	IGEB	iShares Edge Investment	Pair Corr
0.73	DVYE	iShares Emerging Markets	Pair Corr
0.71	AUMI	Themes Gold Miners	Pair Corr
0.71	FEM	First Trust Emerging	Pair Corr
0.7	EAFG	Pacer Funds Trust	Pair Corr
0.69	FIEE	FiEE Inc Symbol Change	Pair Corr
0.69	AVDS	Avantis International	Pair Corr

Related Correlations Analysis

	FSMO	KNCT	FIBR	NFO	EWRE	DRUP	GGME	PDEV	FNI	TDSD
FSMO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FSMO
KNCT	0.0		-0.09	0.0	0.0	-0.77	-0.79	0.0	0.0	0.0	KNCT
FIBR	0.0	-0.09		0.0	0.0	-0.13	-0.08	0.0	0.0	0.0	FIBR
NFO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NFO
EWRE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EWRE
DRUP	0.0	-0.77	-0.13	0.0	0.0		0.98	0.0	0.0	0.0	DRUP
GGME	0.0	-0.79	-0.08	0.0	0.0	0.98		0.0	0.0	0.0	GGME
PDEV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PDEV
FNI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FNI
TDSD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TDSD
	FSMO	KNCT	FIBR	NFO	EWRE	DRUP	GGME	PDEV	FNI	TDSD

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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

GGME	+ 0.98	DRUP
KNCT	+ 0.0	FSMO
FIBR	+ 0.0	FSMO
NFO	+ 0.0	FSMO
EWRE	+ 0.0	FSMO
DRUP	+ 0.0	FSMO

High negative correlations

GGME	- 0.79	KNCT
DRUP	- 0.77	KNCT
DRUP	- 0.13	FIBR
FIBR	- 0.09	KNCT
GGME	- 0.08	FIBR
TDSD	- 0.0	FNI

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	0.00	0.00
KNCT	0.89	0.14	0.11	0.27	0.98	(0.97)	1.96	(1.81)	5.87
FIBR	0.19	(0.02)	0.00	0.51	0.00	0.00	0.33	(0.46)	1.17
NFO	0.00	0.00	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	0.00	0.00
DRUP	0.98	(0.24)	0.00	(0.15)	0.00	0.00	1.89	(2.94)	6.27
GGME	0.84	(0.24)	0.00	(0.18)	0.00	0.00	1.44	(2.57)	5.66
PDEV	0.00	0.00	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	0.00	0.00
TDSD	0.00	0.00	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.

FSMO Invesco Next Gen iShares Fixed Income NFO Invesco GraniteShares ETF Trust Invesco Next Gen Principal FNI Exchange Traded Concepts American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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