Main Sector Correlations

Etfs . USA . 
Etf . Main Sector Rotation
SECT Etf  USD 56.63  0.42  0.75%   
The current 90-days correlation between Main Sector Rotation and Main Thematic Innovation is 0.86 (i.e., Very poor diversification). The correlation of Main Sector 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 Sector Correlation With Market

Poor diversification

The correlation between Main Sector Rotation and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main Sector Rotation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Main Sector Rotation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Main Etf

  0.99VTI Vanguard Total StockPairCorr
  0.99SPY SPDR SP 500 Aggressive PushPairCorr
  0.99IVV iShares Core SPPairCorr
  0.93VIG Vanguard DividendPairCorr
  0.99VV Vanguard Large CapPairCorr
  0.96RSP Invesco SP 500PairCorr
  0.99IWB iShares Russell 1000PairCorr
  0.99ESGU iShares ESG AwarePairCorr
  0.98DFAC Dimensional Core EquityPairCorr
  0.99SPLG SPDR Portfolio SPPairCorr
  0.86NVDL GraniteShares 15x LongPairCorr
  0.86NVDX T Rex 2XPairCorr
  0.87NVDU Direxion Daily NVDAPairCorr
  0.89CRPT First Trust SkyBridgePairCorr
  0.79BITX Volatility Shares TrustPairCorr
  0.79CONL GraniteShares ETF TrustPairCorr
  0.88DAPP VanEck Digital TransPairCorr
  0.82DPST Direxion Daily RegionalPairCorr
  0.9WGMI Valkyrie Bitcoin MinersPairCorr
  0.83BAC Bank of America Aggressive PushPairCorr
  0.93CSCO Cisco Systems Sell-off TrendPairCorr
  0.86CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.86CVX Chevron Corp Sell-off TrendPairCorr
  0.8HD Home DepotPairCorr
  0.91AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.81WMT Walmart Aggressive PushPairCorr
  0.66XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.92INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.75DIS Walt Disney Sell-off TrendPairCorr

Moving against Main Etf

  0.81JNJ Johnson Johnson Sell-off TrendPairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.63PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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Main Sector Constituents Risk-Adjusted Indicators

There is a big difference between Main Etf performing well and Main Sector 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 Sector'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.

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