T REX Correlations

NFLU Etf

59.76 7.57 11.24%

The current 90-days correlation between T REX 2X and ProShares Ultra SP500 is 0.26 (i.e., Modest diversification). The correlation of T REX 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.

T REX Correlation With Market

Modest diversification

The correlation between T REX 2X Long and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T REX 2X Long and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NFLU Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in T REX 2X Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with NFLU Etf

0.91	SSO	ProShares Ultra SP500	Pair Corr
0.9	SPXL	Direxion Daily SP500	Pair Corr
0.91	QLD	ProShares Ultra QQQ	Pair Corr
0.73	NRGU	Bank of Montreal	Pair Corr
0.9	UPRO	ProShares UltraPro SP500	Pair Corr
0.89	TECL	Direxion Daily Technology	Pair Corr
0.61	LABU	Direxion Daily SP	Pair Corr
0.78	GUSH	Direxion Daily SP	Pair Corr
0.89	UYG	ProShares Ultra Fina	Pair Corr
0.91	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.91	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.91	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.66	BND	Vanguard Total Bond	Pair Corr
0.9	VTV	Vanguard Value Index	Pair Corr
0.92	VUG	Vanguard Growth Index	Pair Corr
0.92	VO	Vanguard Mid Cap	Pair Corr
0.95	VEA	Vanguard FTSE Developed	Pair Corr
0.89	VB	Vanguard Small Cap	Pair Corr
0.91	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.88	IBM	International Business Earnings Call This Week	Pair Corr
0.81	MMM	3M Company	Pair Corr
0.93	BAC	Bank of America	Pair Corr
0.91	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.81	PFE	Pfizer Inc	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.91	DIS	Walt Disney	Pair Corr
0.91	MSFT	Microsoft	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.9	AXP	American Express	Pair Corr

Moving against NFLU Etf

0.69	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.46	KO	Coca Cola Earnings Call This Week	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.32	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.56	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.72	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.72	0.22	0.67	-0.11	0.64	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.11	CRM

T REX Competition Risk-Adjusted Indicators

There is a big difference between NFLU Etf performing well and T REX 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 T REX'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
META	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

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