Junee Limited Correlations

Summary

JUNEDelisted Etf

USD 11.50 0.50 4.55%

The correlation of Junee Limited 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.

Junee Limited Correlation With Market

Average diversification

The correlation between Junee Limited Ordinary and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Junee Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis 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 board of governors.

Moving together with Junee Etf

0.66	CALI	iShares Short Term Symbol Change	Pair Corr
0.88	NFLX	Netflix Downward Rally	Pair Corr
0.8	DUKH	Ocean Park High	Pair Corr
0.9	EMC	Global X Funds	Pair Corr
0.83	LUX	Tema ETF Trust	Pair Corr
0.86	SWP	SWP Growth Income	Pair Corr
0.9	SMOG	VanEck Low Carbon	Pair Corr
0.72	DPST	Direxion Daily Regional	Pair Corr
0.88	JULZ	Trueshares Structured	Pair Corr
0.9	SPUS	SP Funds SP	Pair Corr
0.92	LCAP	Principal Capital	Pair Corr
0.94	LRNZ	Elevation Series Trust	Pair Corr
0.91	FIAX	Tidal Trust II	Pair Corr
0.87	YBTC	Roundhill Bitcoin Covered Low Volatility	Pair Corr
0.91	VOO	Vanguard SP 500 Sell-off Trend	Pair Corr
0.89	GXUS	Goldman Sachs ETF	Pair Corr
0.84	ARKQ	ARK Autonomous Technology Low Volatility	Pair Corr
0.87	CBOA	Calamos Bitcoin Stru	Pair Corr
0.93	GVIP	Goldman Sachs Hedge	Pair Corr
0.92	IEV	iShares Europe ETF	Pair Corr
0.93	QTJA	Innovator ETFs Trust	Pair Corr
0.88	JHDV	John Hancock Exchange	Pair Corr
0.76	MUST	Columbia Multi Sector	Pair Corr
0.83	IBMQ	iShares Trust	Pair Corr
0.91	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.91	DEEF	Xtrackers FTSE Developed	Pair Corr
0.92	DFSI	Dimensional International	Pair Corr
0.83	IBDR	iShares iBonds Dec	Pair Corr
0.68	XLE	Energy Select Sector	Pair Corr
0.87	KNOV	Innovator Small Cap	Pair Corr
0.91	HAPY	Harbor Corporate Culture	Pair Corr
0.86	STAX	Macquarie ETF Trust	Pair Corr
0.87	STK	Columbia Seligman Premium	Pair Corr
0.82	MYCF	SPDR SSGA My2026	Pair Corr

Moving against Junee Etf

0.79	HUM	Humana Inc	Pair Corr
0.32	KEM	KraneShares	Pair Corr

Related Correlations Analysis

	DHDG	Z	MBCC	MBBB	BZDYF	DHSB
DHDG		0.8	0.98	0.83	-0.15	0.96	DHDG
Z	0.8		0.84	0.72	0.13	0.83	Z
MBCC	0.98	0.84		0.85	-0.06	0.97	MBCC
MBBB	0.83	0.72	0.85		0.29	0.82	MBBB
BZDYF	-0.15	0.13	-0.06	0.29		-0.06	BZDYF
DHSB	0.96	0.83	0.97	0.82	-0.06		DHSB
	DHDG	Z	MBCC	MBBB	BZDYF	DHSB

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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

MBCC	+ 0.98	DHDG
DHSB	+ 0.97	MBCC
DHSB	+ 0.96	DHDG
MBBB	+ 0.85	MBCC
MBCC	+ 0.84	Z
MBBB	+ 0.83	DHDG

High negative correlations

BZDYF	- 0.15	DHDG
DHSB	- 0.06	BZDYF
BZDYF	- 0.06	MBCC

Junee Limited Constituents Risk-Adjusted Indicators

There is a big difference between Junee Etf performing well and Junee Limited 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 Junee Limited'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
DHDG	0.17	0.09	(0.12)	(1.35)	0.00	(0.19)	0.79	(0.16)	1.59
Z	1.45	0.40	0.12	(1.43)	1.63	(1.51)	3.98	(2.89)	9.49
MBCC	0.65	0.25	0.12	(1.72)	0.57	(0.74)	1.56	(1.11)	5.16
MBBB	0.25	0.02	(0.28)	0.29	0.16	(0.29)	0.52	(0.47)	1.48
BZDYF	0.47	(0.03)	0.00	(0.95)	0.00	0.00	0.64	(1.53)	9.74
DHSB	0.34	0.12	(0.07)	(0.21)	0.58	(0.36)	0.96	(0.44)	5.27

Delisting Warning - JUNE

Junee Limited Ordinary was delisted

The entity Junee Limited Ordinary with a symbol JUNE was delisted from NASDAQ Exchange. Please try Super X AI with a symbol SUPX from now on. Check all delisted instruments accross multiple markets.

Still Interested in Junee Limited Ordinary?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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