Starboard Investment Correlations

AMAX Etf

USD 7.95 0.03 0.38%

The current 90-days correlation between Starboard Investment and Adaptive Alpha Opportunities is -0.07 (i.e., Good diversification). The correlation of Starboard Investment 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.

Starboard Investment Correlation With Market

Average diversification

The correlation between Starboard Investment Trust and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starboard Investment Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Starboard Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Starboard Investment Trust. 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.

Moving together with Starboard Etf

0.75	UCON	First Trust TCW	Pair Corr
0.79	RINF	ProShares Inflation	Pair Corr
0.86	OBND	SSGA Active Trust	Pair Corr
0.89	VPC	Virtus Private Credit	Pair Corr
0.85	HYIN	WisdomTree Alternative	Pair Corr

Moving against Starboard Etf

0.44	VIXY	ProShares VIX Short	Pair Corr
0.43	VXX	iPath Series B	Pair Corr
0.35	YCL	ProShares Ultra Yen	Pair Corr

Related Correlations Analysis

	AGOX	ADFI	AHYB	DFIP	AFIF
AGOX		0.36	0.86	0.36	0.74	AGOX
ADFI	0.36		0.67	0.48	0.73	ADFI
AHYB	0.86	0.67		0.45	0.86	AHYB
DFIP	0.36	0.48	0.45		0.37	DFIP
AFIF	0.74	0.73	0.86	0.37		AFIF
	AGOX	ADFI	AHYB	DFIP	AFIF

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Starboard Investment Constituents Risk-Adjusted Indicators

There is a big difference between Starboard Etf performing well and Starboard Investment 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 Starboard Investment'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
AGOX	0.93	0.24	0.14	0.86	0.75	(1.04)	2.62	(1.60)	6.28
ADFI	0.28	0.02	(0.31)	0.84	0.26	(0.35)	0.60	(0.59)	1.66
AHYB	0.18	0.06	(0.37)	(1.37)	0.00	(0.22)	0.32	(0.39)	1.43
DFIP	0.22	0.03	(0.31)	20.60	0.22	(0.22)	0.42	(0.53)	1.46
AFIF	0.15	0.02	(0.47)	0.30	0.00	(0.20)	0.33	(0.32)	1.20

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