REX AI Correlations

The current 90-days correlation between REX AI Equity and Strategy Shares is -0.23 (i.e., Very good diversification). The correlation of REX AI 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.

REX AI Correlation With Market

Significant diversification

The correlation between REX AI Equity and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REX AI Equity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with REX Etf

Check out Trending Equities 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 american community survey.

Moving together with REX Etf

0.62	DIVO	Amplify CWP Enhanced	Pair Corr
0.99	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.66	NUSI	NEOS ETF Trust Symbol Change	Pair Corr
0.88	KNG	FT Cboe Vest	Pair Corr
0.62	PMBS	PIMCO Mortgage Backed	Pair Corr
0.61	ITDD	iShares Trust	Pair Corr
0.67	USXF	iShares ESG Advanced	Pair Corr
0.63	Z	Zillow Group Class	Pair Corr
0.92	TFPN	Tidal Trust II	Pair Corr
0.72	XSD	SPDR SP Semiconductor	Pair Corr
0.89	AGNG	Global X Aging	Pair Corr
0.71	BENJ	Horizon Funds	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.83	0.69	0.95	0.46	0.94	0.16	0.59	META
MSFT	0.98		0.9	0.87	0.73	0.93	0.51	0.96	0.14	0.59	MSFT
UBER	0.84	0.9		0.93	0.65	0.84	0.7	0.92	0.12	0.57	UBER
F	0.83	0.87	0.93		0.66	0.89	0.52	0.92	0.3	0.74	F
T	0.69	0.73	0.65	0.66		0.69	0.3	0.73	0.28	0.43	T
A	0.95	0.93	0.84	0.89	0.69		0.4	0.93	0.32	0.73	A
CRM	0.46	0.51	0.7	0.52	0.3	0.4		0.48	-0.18	0.12	CRM
JPM	0.94	0.96	0.92	0.92	0.73	0.93	0.48		0.2	0.67	JPM
MRK	0.16	0.14	0.12	0.3	0.28	0.32	-0.18	0.2		0.47	MRK
XOM	0.59	0.59	0.57	0.74	0.43	0.73	0.12	0.67	0.47		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
A	+ 0.95	META
JPM	+ 0.94	META
A	+ 0.93	MSFT
F	+ 0.93	UBER

High negative correlations

MRK

- 0.18

CRM

REX AI Competition Risk-Adjusted Indicators

There is a big difference between REX Etf performing well and REX AI 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 REX AI'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
META	1.87	0.14	0.15	0.32	1.49	(2.28)	4.23	(2.56)	21.50
MSFT	1.12	0.27	0.24	0.49	0.53	(1.34)	2.40	(1.22)	13.79
UBER	1.82	0.30	0.22	0.48	1.31	(2.40)	5.87	(2.54)	16.18
F	1.56	0.16	0.08	0.38	1.80	(1.76)	3.70	(2.72)	13.07
T	1.08	(0.01)	(0.14)	0.19	1.38	(1.09)	2.35	(2.35)	5.49
A	1.61	(0.03)	0.02	0.21	1.87	(1.75)	2.76	(3.38)	14.46
CRM	1.48	(0.19)	(0.07)	0.08	1.76	(1.59)	3.01	(3.30)	13.13
JPM	1.11	0.22	0.17	0.47	0.74	(1.28)	2.75	(1.51)	11.20
MRK	1.49	(0.12)	(0.08)	0.08	2.12	(1.44)	3.35	(4.13)	10.58
XOM	1.26	0.06	(0.02)	0.35	1.58	(1.28)	2.77	(2.58)	10.53

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