| SSFI Etf | | | USD 21.17 0.03 0.14% |
The current 90-days correlation between Strategy Shares and Day HaganNed Davis is -0.03 (i.e., Good diversification). The correlation of Strategy Shares 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.
Strategy Shares Correlation With Market
Good diversification
The correlation between Strategy Shares and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy Shares and DJI in the same portfolio, assuming nothing else is changed.
Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Strategy Shares . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more detail on how to invest in Strategy Etf please use our
How to Invest in Strategy Shares guide.