Cultivar ETF Correlations

CVAR Etf

USD 27.74 0.01 0.04%

The current 90-days correlation between Cultivar ETF and FT Vest Equity is 0.51 (i.e., Very weak diversification). The correlation of Cultivar ETF 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.

Cultivar ETF Correlation With Market

Very poor diversification

The correlation between Cultivar ETF and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cultivar ETF and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cultivar ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Cultivar Etf, please use our How to Invest in Cultivar ETF guide.

Moving together with Cultivar Etf

0.92	VOE	Vanguard Mid Cap	Pair Corr
0.88	SDY	SPDR SP Dividend	Pair Corr
0.85	IWS	iShares Russell Mid	Pair Corr
0.87	COWZ	Pacer Cash Cows	Pair Corr
0.87	IJJ	iShares SP Mid	Pair Corr
0.87	DON	WisdomTree MidCap	Pair Corr
0.87	MDYV	SPDR SP 400	Pair Corr
0.8	PEY	Invesco High Yield	Pair Corr
0.9	ONEY	SPDR Russell 1000	Pair Corr
0.87	IVOV	Vanguard SP Mid	Pair Corr
0.72	CRPT	First Trust SkyBridge	Pair Corr
0.65	BITX	Volatility Shares Trust	Pair Corr
0.64	CONL	GraniteShares ETF Trust	Pair Corr
0.71	DAPP	VanEck Digital Trans	Pair Corr
0.74	DPST	Direxion Daily Regional	Pair Corr
0.73	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.73	ETH	Grayscale Ethereum Mini	Pair Corr
0.76	EOS	Eaton Vance Enhanced	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.61	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.68	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.78	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.73	WMT	Walmart Aggressive Push	Pair Corr
0.78	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.63	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Cultivar Etf

0.49	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.45	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCHS	DINT	DJAN	MDLV	DJUL	DJUN
DHDG		-0.09	0.53	-0.3	-0.34	-0.39	0.06	-0.3	-0.31	DHDG
MBCC	-0.09		-0.42	0.46	0.55	0.92	0.68	0.96	0.95	MBCC
DIHP	0.53	-0.42		-0.06	-0.05	-0.63	0.06	-0.54	-0.56	DIHP
MCHS	-0.3	0.46	-0.06		0.97	0.52	0.57	0.55	0.55	MCHS
DINT	-0.34	0.55	-0.05	0.97		0.6	0.66	0.63	0.63	DINT
DJAN	-0.39	0.92	-0.63	0.52	0.6		0.54	0.99	0.99	DJAN
MDLV	0.06	0.68	0.06	0.57	0.66	0.54		0.62	0.6	MDLV
DJUL	-0.3	0.96	-0.54	0.55	0.63	0.99	0.62		1.0	DJUL
DJUN	-0.31	0.95	-0.56	0.55	0.63	0.99	0.6	1.0		DJUN
	DHDG	MBCC	DIHP	MCHS	DINT	DJAN	MDLV	DJUL	DJUN

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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

DJUN	+ 1.0	DJUL
DJUL	+ 0.99	DJAN
DJUN	+ 0.99	DJAN
DINT	+ 0.97	MCHS
DJUL	+ 0.96	MBCC
DJUN	+ 0.95	MBCC

High negative correlations

DJAN	- 0.63	DIHP
DJUN	- 0.56	DIHP
DJUL	- 0.54	DIHP
DIHP	- 0.42	MBCC
DJAN	- 0.39	DHDG
DINT	- 0.34	DHDG

Cultivar ETF Constituents Risk-Adjusted Indicators

There is a big difference between Cultivar Etf performing well and Cultivar ETF 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 Cultivar ETF'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
DHDG	0.28	0.03	(0.13)	0.28	0.24	(0.29)	0.53	(0.68)	2.01
MBCC	0.53	0.00	(0.05)	0.13	0.57	(0.54)	1.12	(1.07)	3.36
DIHP	0.64	(0.14)	0.00	(0.17)	0.00	0.00	1.27	(1.53)	3.83
MCHS	1.96	0.25	0.05	1.20	2.40	(2.21)	5.60	(3.78)	19.75
DINT	1.22	0.15	0.04	0.47	1.71	(1.27)	3.13	(2.15)	10.90
DJAN	0.17	0.00	(0.27)	0.15	0.17	(0.19)	0.42	(0.34)	1.25
MDLV	0.41	0.00	(0.14)	0.14	0.41	(0.44)	0.79	(0.80)	2.04
DJUL	0.29	0.00	(0.15)	0.13	0.32	(0.32)	0.60	(0.65)	2.11
DJUN	0.29	0.01	(0.14)	0.15	0.30	(0.32)	0.64	(0.67)	2.00

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