Main Buywrite Correlations
| BUYW Etf | USD 13.96 0.02 0.14% |
The current 90-days correlation between Main Buywrite ETF and Main Sector Rotation is 0.65 (i.e., Poor diversification). The correlation of Main Buywrite 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.
Main Buywrite Correlation With Market
Very weak diversification
The correlation between Main Buywrite ETF and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main Buywrite ETF and DJI in the same portfolio, assuming nothing else is changed.
Main |
Moving together with Main Etf
| 0.91 | JEPI | JPMorgan Equity Premium | PairCorr |
| 0.93 | XYLD | Global X SP | PairCorr |
| 0.86 | DIVO | Amplify CWP Enhanced | PairCorr |
| 0.88 | RYLD | Global X Russell | PairCorr |
| 0.97 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.96 | NUSI | NEOS ETF Trust | PairCorr |
| 0.81 | SIXH | ETC 6 Meridian | PairCorr |
| 0.9 | DSJA | DSJA | PairCorr |
| 0.84 | RSPY | Tuttle Capital Management | PairCorr |
| 0.79 | MEME | Roundhill Investments | PairCorr |
| 0.8 | ITDD | iShares Trust | PairCorr |
| 0.92 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | HPQ | HP Inc | PairCorr |
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.9 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.94 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.88 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.81 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.62 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.78 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.67 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.77 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.78 | T | ATT Inc Aggressive Push | PairCorr |
| 0.71 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against Main Etf
| 0.31 | AMPD | Tidal Trust II | PairCorr |
| 0.85 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.8 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.75 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.46 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| -0.62 | 0.85 | 0.84 | 0.93 | SECT | ||
| -0.62 | -0.79 | -0.71 | -0.71 | LQDW | ||
| 0.85 | -0.79 | 0.98 | 0.94 | JAAA | ||
| 0.84 | -0.71 | 0.98 | 0.89 | XHLF | ||
| 0.93 | -0.71 | 0.94 | 0.89 | TMAT | ||
| 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
|
Main Buywrite Constituents Risk-Adjusted Indicators
There is a big difference between Main Etf performing well and Main Buywrite 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 Main Buywrite'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SECT | 0.73 | (0.03) | (0.02) | 0.09 | 1.07 | 1.42 | 5.10 | |||
| LQDW | 0.21 | (0.03) | 0.00 | 2.26 | 0.00 | 0.51 | 1.80 | |||
| JAAA | 0.03 | 0.02 | (2.36) | 4.92 | 0.00 | 0.08 | 0.20 | |||
| XHLF | 0.02 | 0.01 | (4.36) | (2.58) | 0.00 | 0.06 | 0.14 | |||
| TMAT | 1.15 | 0.18 | 0.15 | 0.24 | 1.29 | 2.66 | 5.66 |