MicroSectors FANG Correlations
| FNGUDelisted Etf | USD 433.90 0.00 0.00% |
The current 90-days correlation between MicroSectors FANG Index and Strategy Shares is -0.09 (i.e., Good diversification). The correlation of MicroSectors FANG 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.
MicroSectors FANG Correlation With Market
Significant diversification
The correlation between MicroSectors FANG Index and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MicroSectors FANG Index and DJI in the same portfolio, assuming nothing else is changed.
MicroSectors |
Moving against MicroSectors Etf
| 0.48 | TRV | The Travelers Companies | PairCorr |
| 0.47 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.34 | WMT | Walmart Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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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MicroSectors FANG Constituents Risk-Adjusted Indicators
There is a big difference between MicroSectors Etf performing well and MicroSectors FANG 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 MicroSectors FANG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHSB | 0.45 | 0.14 | 0.04 | (1.35) | 0.53 | 1.18 | 6.57 | |||
| MBOX | 0.74 | 0.25 | 0.15 | (1.56) | 0.61 | 1.73 | 10.07 | |||
| DIEM | 0.74 | 0.38 | 0.39 | (5.17) | 0.00 | 2.34 | 8.25 | |||
| MCHI | 1.08 | 0.33 | 0.24 | (3.20) | 0.64 | 3.39 | 8.62 | |||
| DIPS | 1.97 | (0.69) | 0.00 | (2.03) | 0.00 | 2.77 | 18.15 | |||
| DISO | 0.98 | 0.53 | 0.35 | (2.44) | 0.59 | 1.97 | 11.99 | |||
| DIVB | 0.79 | 0.31 | 0.21 | (1.80) | 0.59 | 1.69 | 9.77 | |||
| DIVD | 0.70 | 0.29 | 0.22 | (1.79) | 0.40 | 1.55 | 9.14 | |||
| DIVG | 0.79 | 0.24 | 0.12 | (1.35) | 0.80 | 1.57 | 9.33 |
Delisting Warning - FNGU
MicroSectors FANG Index was delisted
| The entity MicroSectors FANG Index with a symbol FNGU was delisted from NYSE ARCA Exchange. Please try FNGA New with a symbol FNGA from now on. Check all delisted instruments accross multiple markets. |
Still Interested in MicroSectors FANG Index?
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