Sarmaya Thematic Correlations

LENS Etf

USD 28.06 0.31 1.09%

The current 90-days correlation between Sarmaya Thematic ETF and MFUT is 0.21 (i.e., Modest diversification). The correlation of Sarmaya Thematic 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.

Sarmaya Thematic Correlation With Market

Very good diversification

The correlation between Sarmaya Thematic ETF and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sarmaya Thematic ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sarmaya Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Sarmaya Thematic ETF. 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 Sarmaya Etf

0.75	ISCB	iShares Morningstar	Pair Corr
0.71	BPI	Grayscale Funds Trust	Pair Corr
0.64	CETH	21shares Core Ethereum Low Volatility	Pair Corr
0.77	PRXG	Praxis Funds	Pair Corr
0.77	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.77	BKLC	BNY Mellon Large	Pair Corr
0.77	SPYG	SPDR Portfolio SP	Pair Corr
0.75	PGF	Invesco Financial	Pair Corr
0.82	EMXC	iShares MSCI Emerging	Pair Corr
0.86	DISV	Dimensional ETF Trust	Pair Corr
0.63	OUSM	OShares Small Cap	Pair Corr
0.68	REMX	VanEck Rare EarthStr	Pair Corr
0.61	BSMW	Invesco BulletShares 2032	Pair Corr
0.86	IGSB	iShares 1 5	Pair Corr
0.63	FDNI	First Trust Dow	Pair Corr
0.83	ANGL	VanEck Fallen Angel	Pair Corr
0.81	BBH	VanEck Biotech ETF	Pair Corr
0.62	SPIP	SPDR Portfolio TIPS	Pair Corr
0.69	IBIT	iShares Bitcoin Trust	Pair Corr
0.78	FCUS	Pinnacle Focused Opp	Pair Corr
0.9	URA	Global X Uranium	Pair Corr
0.72	PNQI	Invesco NASDAQ Internet	Pair Corr
0.73	DMXF	iShares ESG Advanced	Pair Corr
0.79	VIG	Vanguard Dividend	Pair Corr
0.82	VNGDF	Vanguard Funds Public	Pair Corr
0.72	NFLX	Netflix Downward Rally	Pair Corr
0.69	HODL	VanEck Bitcoin Trust	Pair Corr
0.8	LRGG	Macquarie ETF Trust	Pair Corr
0.84	GOF	Guggenheim Strategic	Pair Corr
0.81	DFVX	Dimensional ETF Trust	Pair Corr
0.76	SPYV	SPDR Portfolio SP	Pair Corr

Moving against Sarmaya Etf

0.79	CORX	2x Corn ETF	Pair Corr
0.66	STSB	Stance Sustainable Beta Symbol Change	Pair Corr

Related Correlations Analysis

	MFUT	DUKX	EDGH	EDGI	EDGU	WZRD	ARP	FORH	HDG
MFUT		0.65	0.47	0.57	0.62	-0.5	0.77	0.57	0.56	MFUT
DUKX	0.65		0.4	0.99	0.98	-0.53	0.94	0.96	0.98	DUKX
EDGH	0.47	0.4		0.36	0.3	-0.01	0.55	0.33	0.3	EDGH
EDGI	0.57	0.99	0.36		0.97	-0.5	0.9	0.96	0.98	EDGI
EDGU	0.62	0.98	0.3	0.97		-0.51	0.92	0.97	0.99	EDGU
WZRD	-0.5	-0.53	-0.01	-0.5	-0.51		-0.51	-0.41	-0.43	WZRD
ARP	0.77	0.94	0.55	0.9	0.92	-0.51		0.9	0.89	ARP
FORH	0.57	0.96	0.33	0.96	0.97	-0.41	0.9		0.98	FORH
HDG	0.56	0.98	0.3	0.98	0.99	-0.43	0.89	0.98		HDG
	MFUT	DUKX	EDGH	EDGI	EDGU	WZRD	ARP	FORH	HDG

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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

EDGI	+ 0.99	DUKX
HDG	+ 0.99	EDGU
EDGU	+ 0.98	DUKX
HDG	+ 0.98	DUKX
HDG	+ 0.98	EDGI
HDG	+ 0.98	FORH

High negative correlations

WZRD	- 0.53	DUKX
ARP	- 0.51	WZRD
WZRD	- 0.51	EDGU
WZRD	- 0.5	EDGI
WZRD	- 0.5	MFUT
HDG	- 0.43	WZRD

Sarmaya Thematic Constituents Risk-Adjusted Indicators

There is a big difference between Sarmaya Etf performing well and Sarmaya Thematic 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 Sarmaya Thematic'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
MFUT	0.42	0.03	(0.16)	(0.51)	0.57	(0.47)	0.83	(1.05)	3.23
DUKX	0.44	0.14	0.09	0.52	0.13	(0.51)	1.12	(0.86)	3.34
EDGH	0.56	0.09	(0.14)	(0.10)	0.60	(0.59)	1.20	(1.15)	2.84
EDGI	0.48	0.12	0.06	0.43	0.26	(0.55)	1.22	(1.05)	3.27
EDGU	0.53	0.08	0.07	0.24	0.43	(0.61)	1.60	(0.98)	4.17
WZRD	0.19	0.16	0.00	68.46	0.00	0.00	0.55	(0.19)	0.63
ARP	0.27	0.00	(0.19)	0.00	0.00	(0.30)	0.66	(0.43)	1.51
FORH	0.55	0.14	0.12	0.42	0.00	(0.69)	1.30	(0.80)	4.33
HDG	0.24	0.04	(0.18)	0.27	0.00	(0.28)	0.59	(0.51)	1.70

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