ProShares Merger Correlations

Etfs . USA . 
Etf . ProShares Merger ETF
MRGR Etf  USD 42.34  0.07  0.17%   
The current 90-days correlation between ProShares Merger ETF and ProShares Hedge Replication is 0.27 (i.e., Modest diversification). The correlation of ProShares Merger 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.

ProShares Merger Correlation With Market

Modest diversification

The correlation between ProShares Merger ETF and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Merger ETF and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with ProShares Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Merger 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 price.

Moving together with ProShares Etf

  0.9MNA IQ Merger ArbitragePairCorr
  0.91MARB First Trust VivaldiPairCorr
  0.89ARB AltShares TrustPairCorr
  0.88SPCX SPAC and NewPairCorr
  0.95EVNT AltShares Event DrivenPairCorr
  0.94WSML iShares MSCI WorldPairCorr
  0.93SPAQ Horizon Kinetics SPACPairCorr
  0.97PULS PGIM Ultra ShortPairCorr
  0.95CPSR Calamos ETF TrustPairCorr
  0.92LCAP Principal CapitalPairCorr
  0.84CAS Simplify Exchange TradedPairCorr
  0.86JUNE Junee Limited Ordinary Symbol ChangePairCorr
  0.93LRNZ Elevation Series TrustPairCorr
  0.94SPRX Spear Alpha ETFPairCorr
  0.88ABEQ Absolute Core StrategyPairCorr
  0.92HYDR Global X HydrogenPairCorr
  0.92DFSU Dimensional SustainabilityPairCorr
  0.67MLPB UBS AG LondonPairCorr
  0.9VFMV Vanguard Minimum VolPairCorr
  0.74VCLT Vanguard Long TermPairCorr
  0.92VBK Vanguard Small CapPairCorr
  0.67PCRB Putnam ETF TrustPairCorr
  0.95TLTE FlexShares MorningstarPairCorr
  0.88MVV ProShares Ultra MidCap400PairCorr
  0.93IWB iShares Russell 1000PairCorr
  0.94MEM MAYBANK EMERGING ETFPairCorr
  0.88BPI Grayscale Funds TrustPairCorr
  0.9IGF iShares Global InfraPairCorr
  0.88IVAL Alpha Architect IntePairCorr
  0.94ITDG iShares TrustPairCorr
  0.92OBIL US Treasury 12PairCorr
  0.93FLCG Federated Hermes ETFPairCorr
  0.89SPEM SPDR Portfolio EmergingPairCorr
  0.94PSFF Pacer Funds TrustPairCorr
  0.93GMAR First Trust ExchangePairCorr
  0.93TMFC Motley Fool 100 Low VolatilityPairCorr
  0.75PIN Invesco India ETFPairCorr

Moving against ProShares Etf

  0.87BITI ProShares TrustPairCorr
  0.75MPAY Exchange Traded ConceptsPairCorr

Related Correlations Analysis

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ProShares Merger Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Merger 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 ProShares Merger'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.

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