Strategy Shares Correlations

GLDB Etf

USD 29.10 0.07 0.24%

The current 90-days correlation between Strategy Shares Gold and Global Blockchain Acquisition is -0.19 (i.e., Good diversification). The correlation of Strategy Shares 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.

Strategy Shares Correlation With Market

Very good diversification

The correlation between Strategy Shares Gold Hedged and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy Shares Gold Hedged and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Strategy Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Strategy Shares Gold Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Strategy Etf refer to our How to Trade Strategy Etf guide.

Moving together with Strategy Etf

0.73	UCON	First Trust TCW	Pair Corr
0.68	OBND	SSGA Active Trust	Pair Corr
0.65	SSFI	Strategy Shares	Pair Corr
0.71	PMBS	PIMCO Mortgage Backed	Pair Corr
0.71	EUSB	iShares Trust	Pair Corr
0.74	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.73	SPIB	SPDR Barclays Interm	Pair Corr
0.75	HIDE	Alpha Architect High	Pair Corr

Moving against Strategy Etf

0.39	VXX	iPath Series B	Pair Corr
0.39	VIXY	ProShares VIX Short	Pair Corr

Related Correlations Analysis

	GBBK	FCTR	GSBC	RIGS	GNTY
GBBK		0.66	0.67	0.57	0.7	GBBK
FCTR	0.66		0.8	0.83	0.77	FCTR
GSBC	0.67	0.8		0.7	0.93	GSBC
RIGS	0.57	0.83	0.7		0.7	RIGS
GNTY	0.7	0.77	0.93	0.7		GNTY
	GBBK	FCTR	GSBC	RIGS	GNTY

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Strategy Shares Constituents Risk-Adjusted Indicators

There is a big difference between Strategy Etf performing well and Strategy Shares 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 Strategy Shares' 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
GBBK	0.27	0.02	(0.08)	0.45	0.36	(1.29)	0.89	(0.70)	5.52
FCTR	0.64	0.10	0.09	0.26	0.59	(0.72)	1.56	(1.11)	4.38
GSBC	1.30	0.15	0.11	0.28	1.15	(1.56)	3.69	(2.67)	8.69
RIGS	0.39	0.03	(0.17)	0.46	0.40	(0.40)	0.91	(0.73)	2.84
GNTY	1.26	0.17	0.09	0.33	1.29	(1.39)	2.85	(2.27)	9.59

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