STRATS SM Correlations

GJP Stock

USD 24.48 0.52 2.08%

The current 90-days correlation between STRATS SM Trust and Argo Group 65 is -0.24 (i.e., Very good diversification). The correlation of STRATS SM 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.

STRATS SM Correlation With Market

Significant diversification

The correlation between STRATS SM Trust and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STRATS SM Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with STRATS Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in STRATS SM Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with STRATS Stock

0.64	MFI	mF International Upward Rally	Pair Corr
0.62	OXSQG	Oxford Square Capital	Pair Corr

Moving against STRATS Stock

0.39	ILLR	Triller Group Symbol Change	Pair Corr
0.51	RELY	Remitly Global Earnings Call This Week	Pair Corr
0.42	MSPR	MSP Recovery Symbol Change	Pair Corr
0.33	STEC	Santech Holdings	Pair Corr

Related Correlations Analysis

	ARGD	CMS	ECC	GPJA	MGR	HCXY	EVTC	FAAS	FACT	FCRX
ARGD		-0.07	0.12	-0.35	0.75	0.56	-0.29	0.18	-0.1	0.67	ARGD
CMS	-0.07		-0.16	0.47	0.13	0.06	-0.58	-0.58	0.4	-0.49	CMS
ECC	0.12	-0.16		0.09	0.41	0.22	0.48	0.17	-0.42	0.36	ECC
GPJA	-0.35	0.47	0.09		0.01	0.06	0.0	-0.33	-0.18	-0.46	GPJA
MGR	0.75	0.13	0.41	0.01		0.64	-0.18	-0.1	-0.07	0.54	MGR
HCXY	0.56	0.06	0.22	0.06	0.64		-0.2	-0.3	0.09	0.29	HCXY
EVTC	-0.29	-0.58	0.48	0.0	-0.18	-0.2		0.41	-0.56	0.34	EVTC
FAAS	0.18	-0.58	0.17	-0.33	-0.1	-0.3	0.41		-0.29	0.4	FAAS
FACT	-0.1	0.4	-0.42	-0.18	-0.07	0.09	-0.56	-0.29		-0.37	FACT
FCRX	0.67	-0.49	0.36	-0.46	0.54	0.29	0.34	0.4	-0.37		FCRX
	ARGD	CMS	ECC	GPJA	MGR	HCXY	EVTC	FAAS	FACT	FCRX

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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

MGR	+ 0.75	ARGD
FCRX	+ 0.67	ARGD
HCXY	+ 0.64	MGR
HCXY	+ 0.56	ARGD
FCRX	+ 0.54	MGR
EVTC	+ 0.48	ECC

High negative correlations

FAAS	- 0.58	CMS
EVTC	- 0.58	CMS
FACT	- 0.56	EVTC
FCRX	- 0.49	CMS
FCRX	- 0.46	GPJA
FACT	- 0.42	ECC

Risk-Adjusted Indicators

There is a big difference between STRATS Stock performing well and STRATS SM Company 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 STRATS SM'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
ARGD	0.40	0.07	(0.15)	0.95	0.35	(0.46)	1.06	(0.90)	2.99
CMS	0.88	(0.02)	(0.10)	0.12	1.17	(0.85)	1.54	(1.83)	5.27
ECC	0.93	0.01	(0.06)	0.20	1.05	(1.04)	2.07	(1.89)	5.15
GPJA	0.57	(0.03)	(0.25)	0.02	0.62	(0.65)	1.27	(1.07)	3.81
MGR	0.55	0.03	(0.10)	0.26	0.52	(0.65)	1.38	(0.91)	4.06
HCXY	0.51	0.06	(0.16)	(0.22)	0.62	(0.65)	1.58	(1.34)	4.34
EVTC	1.14	(0.16)	(0.09)	0.03	1.60	(1.05)	2.35	(2.57)	6.43
FAAS	10.67	2.19	0.18	1.16	10.55	(14.67)	26.92	(22.55)	123.24
FACT	1.17	0.12	(0.04)	(0.13)	2.44	(1.23)	3.33	(3.03)	20.16
FCRX	0.19	0.01	(0.53)	0.31	0.18	(0.27)	0.41	(0.29)	1.82

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