Correlation Analysis Between ETFS Bloomberg and United States

This module allows you to analyze existing cross correlation between ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr and United States Oil. You can compare the effects of market volatilities on ETFS Bloomberg and United States and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ETFS Bloomberg with a short position of United States. See also your portfolio center. Please also check ongoing floating volatility patterns of ETFS Bloomberg and United States.
 Time Horizon     30 Days    Login   to change

ETFS Bloomberg Engy Lngr Dtd S  vs.  United States Oil

 Performance (%) 

Pair Volatility

Considering 30-days investment horizon, ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr is expected to under-perform the United States. But the etf apears to be less risky and, when comparing its historical volatility, ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr is 1.86 times less risky than United States. The etf trades about -0.2 of its potential returns per unit of risk. The United States Oil is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest  1,368  in United States Oil on May 25, 2018 and sell it today you would earn a total of  34.00  from holding United States Oil or generate 2.49% return on investment over 30 days.

Pair Corralation between ETFS Bloomberg and United States

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding ETFS Bloomberg Engy Lngr Dtd S and United States Oil in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on United States Oil and ETFS Bloomberg is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr are associated (or correlated) with United States. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of United States Oil has no effect on the direction of ETFS Bloomberg i.e. ETFS Bloomberg and United States go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
ETFS Bloomberg Engy  

Risk-Adjusted Performance

Over the last 30 days ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr has generated negative risk-adjusted returns adding no value to investors with long positions.
United States Oil  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in United States Oil are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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