Elevation Series Correlations

DIVZ Etf

USD 35.71 0.21 0.59%

The current 90-days correlation between Elevation Series Trust and Pacer Global Cash is 0.66 (i.e., Poor diversification). The correlation of Elevation Series 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.

Elevation Series Correlation With Market

Very weak diversification

The correlation between Elevation Series Trust and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elevation Series Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Elevation Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevation Series 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 real.

Moving together with Elevation Etf

0.85	VTV	Vanguard Value Index	Pair Corr
0.86	VYM	Vanguard High Dividend	Pair Corr
0.83	IWD	iShares Russell 1000	Pair Corr
0.85	DGRO	iShares Core Dividend	Pair Corr
0.84	IVE	iShares SP 500	Pair Corr
0.81	DVY	iShares Select Dividend	Pair Corr
0.84	SPYV	SPDR Portfolio SP	Pair Corr
0.81	FVD	First Trust Value	Pair Corr
0.83	IUSV	iShares Core SP	Pair Corr
0.81	NOBL	ProShares SP 500 Low Volatility	Pair Corr
0.83	SPY	SPDR SP 500	Pair Corr
0.83	IVV	iShares Core SP	Pair Corr
0.81	VUG	Vanguard Growth Index	Pair Corr
0.82	VO	Vanguard Mid Cap	Pair Corr
0.83	VEA	Vanguard FTSE Developed	Pair Corr
0.79	VB	Vanguard Small Cap	Pair Corr

Moving against Elevation Etf

0.5	MCD	McDonalds	Pair Corr
0.41	HPQ	HP Inc	Pair Corr
0.32	WMT	Walmart	Pair Corr

Related Correlations Analysis

	GCOW	DIVS	KNG	LVHI	RDIV
GCOW		0.92	0.77	0.91	0.49	GCOW
DIVS	0.92		0.83	0.95	0.41	DIVS
KNG	0.77	0.83		0.83	0.5	KNG
LVHI	0.91	0.95	0.83		0.5	LVHI
RDIV	0.49	0.41	0.5	0.5		RDIV
	GCOW	DIVS	KNG	LVHI	RDIV

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Elevation Series Constituents Risk-Adjusted Indicators

There is a big difference between Elevation Etf performing well and Elevation Series 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 Elevation Series' 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
GCOW	0.52	0.05	(0.14)	0.38	0.46	(0.61)	1.05	(0.85)	2.75
DIVS	0.52	0.07	(0.05)	0.35	0.26	(0.62)	1.20	(0.86)	3.27
KNG	0.58	0.00	(0.12)	0.17	0.57	(0.64)	1.43	(0.99)	3.62
LVHI	0.38	0.04	(0.18)	0.32	0.21	(0.45)	0.87	(0.67)	2.20
RDIV	0.76	0.16	(0.03)	(1.17)	0.77	(0.86)	1.76	(1.30)	5.49

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