Elevation Series Correlations

LRNZ Etf

USD 44.54 0.44 1.00%

The current 90-days correlation between Elevation Series Trust and Franklin Disruptive Commerce is 0.81 (i.e., Very 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

Significant diversification

The correlation between Elevation Series Trust and DJI is 0.08 (i.e., Significant 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 Correlation Analysis 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 board of governors.

Moving together with Elevation Etf

0.7	VGT	Vanguard Information	Pair Corr
0.7	XLK	Technology Select Sector Sell-off Trend	Pair Corr
0.7	IYW	iShares Technology ETF	Pair Corr
0.72	SMH	VanEck Semiconductor ETF	Pair Corr
0.71	SOXX	iShares Semiconductor ETF	Pair Corr
0.66	CIBR	First Trust NASDAQ	Pair Corr
0.7	FTEC	Fidelity MSCI Information	Pair Corr
0.62	IGV	iShares Expanded Tech Low Volatility	Pair Corr
0.65	FDN	First Trust Dow	Pair Corr
0.69	IGM	iShares Expanded Tech	Pair Corr
0.74	USD	ProShares Ultra Semi	Pair Corr
0.69	FNGO	MicroSectors FANG Index	Pair Corr
0.66	CRPT	First Trust SkyBridge	Pair Corr
0.7	BULZ	MicroSectors Solactive	Pair Corr
0.69	FNGG	Direxion Daily Select	Pair Corr
0.72	DFEN	Direxion Daily Aerospace	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.69	MSFT	Microsoft	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.67	JPM	JPMorgan Chase	Pair Corr
0.63	CVX	Chevron Corp	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr

Moving against Elevation Etf

0.67	MCD	McDonalds	Pair Corr
0.45	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	BUYZ	THNQ	LOUP	IQM	DSTL
BUYZ		0.98	0.96	0.65	0.92	BUYZ
THNQ	0.98		0.98	0.67	0.94	THNQ
LOUP	0.96	0.98		0.65	0.94	LOUP
IQM	0.65	0.67	0.65		0.66	IQM
DSTL	0.92	0.94	0.94	0.66		DSTL
	BUYZ	THNQ	LOUP	IQM	DSTL

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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
BUYZ	0.86	0.31	0.24	2.22	0.43	(1.08)	2.42	(1.25)	6.02
THNQ	0.97	0.44	0.34	2.36	0.44	(1.25)	2.94	(1.55)	7.54
LOUP	1.19	0.56	0.40	2.22	0.40	(1.41)	3.67	(1.77)	7.48
IQM	1.02	0.35	0.27	0.47	0.67	(1.18)	3.00	(1.47)	6.76
DSTL	0.68	0.19	0.06	(1.29)	0.55	(0.79)	1.74	(1.15)	5.10

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