Popular Total Correlations

TRAFX Etf

USD 30.25 0.01 0.03%

The current 90-days correlation between Popular Total Return and Popular Total Return is 1.0 (i.e., No risk reduction). The correlation of Popular Total 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.

Popular Total Correlation With Market

Almost no diversification

The correlation between Popular Total Return and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Popular Total Return and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Popular Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Popular Total Return. 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.

Moving together with Popular Etf

1.0	TRCFX	Popular Total Return	Pair Corr
1.0	SQCBX	X Square Balanced	Pair Corr
1.0	SQBIX	X Square Balanced	Pair Corr
1.0	SQBFX	X Square Balanced	Pair Corr
1.0	ALCBX	ALPSSmith Balanced	Pair Corr
1.0	ALIBX	ALPSSmith Balanced	Pair Corr
1.0	ALPBX	ALPSSmith Balanced	Pair Corr
0.61	AMPD	Tidal ETF Services	Pair Corr
0.69	PMBS	PIMCO Mortgage Backed	Pair Corr
1.0	ITDD	iShares Trust	Pair Corr
0.97	PYZ	Invesco DWA Basic	Pair Corr
0.99	PEZ	Invesco DWA Consumer	Pair Corr
0.8	BAMD	Brookstone Dividend Stock	Pair Corr
0.94	NFLX	Netflix Downward Rally	Pair Corr
0.98	LRNZ	Elevation Series Trust	Pair Corr
1.0	GPIQ	Goldman Sachs Nasdaq	Pair Corr
0.9	VIGI	Vanguard International	Pair Corr
0.98	CGDV	Capital Group Dividend Sell-off Trend	Pair Corr
0.95	BEDZ	AdvisorShares Hotel ETF	Pair Corr
0.79	RINF	ProShares Inflation	Pair Corr
0.93	HEFA	iShares Currency Hedged	Pair Corr
0.99	TECL	Direxion Daily Technology	Pair Corr
0.99	NMAR	Innovator Growth 100	Pair Corr
0.93	LPRE	Exchange Listed Funds	Pair Corr
0.95	EBIZ	Global X E	Pair Corr
0.85	FXH	First Trust Health	Pair Corr
1.0	XMAG	Defiance Large Cap	Pair Corr
0.95	TFLO	iShares Treasury Floating	Pair Corr
0.99	VYM	Vanguard High Dividend	Pair Corr
0.95	OPER	ClearShares Ultra Short	Pair Corr
0.99	ILCG	iShares Morningstar	Pair Corr
0.95	IPAC	iShares Core MSCI	Pair Corr
0.98	FFEM	FFEM	Pair Corr
0.99	VBK	Vanguard Small Cap	Pair Corr
0.98	FEM	First Trust Emerging	Pair Corr
0.94	HTEC	Robo Global Healthcare	Pair Corr
1.0	SPXL	Direxion Daily SP500	Pair Corr

Moving against Popular Etf

0.78

MPAY

Exchange Traded Concepts

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

Popular Total Competition Risk-Adjusted Indicators

There is a big difference between Popular Etf performing well and Popular Total 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 Popular Total'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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