DSJA Correlations

Etfs USA . 
Etf . DSJA
DSJA Etf  USD 28.65  0.00  0.00%   
The current 90-days correlation between DSJA and Simplify Volatility Premium is -0.07 (i.e., Good diversification). The correlation of DSJA 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.

DSJA Correlation With Market

Significant diversification

The correlation between DSJA and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DSJA and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with DSJA Etf

  0.95UDN Invesco DB DollarPairCorr
  0.64CEFD ETRACS Monthly PayPairCorr
  0.66FBGX UBSPairCorr
  0.96KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.95MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.72AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.66GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.78TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.87T ATT Inc Aggressive PushPairCorr
  0.9MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.95IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.96JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.76WMT Walmart Aggressive PushPairCorr
  0.75PG Procter GamblePairCorr
  0.61CSCO Cisco Systems Aggressive PushPairCorr

Moving against DSJA Etf

  0.98VIIX VIIXPairCorr
  0.94YCS ProShares UltraShort YenPairCorr
  0.87UUP Invesco DB DollarPairCorr
  0.84EUO ProShares UltraShort EuroPairCorr
  0.81SOXX iShares Semiconductor ETFPairCorr
  0.8SMH VanEck Semiconductor ETFPairCorr
  0.79USD ProShares Ultra SemiPairCorr
  0.78TECL Direxion Daily TechnologyPairCorr
  0.73ROM ProShares Ultra TechPairCorr
  0.68FNGU MicroSectors FANG IndexPairCorr
  0.65QLD ProShares Ultra QQQPairCorr
  0.63FNGO MicroSectors FANG IndexPairCorr
  0.9DIS Walt Disney Aggressive PushPairCorr
  0.82MSFT Microsoft Aggressive PushPairCorr
  0.5HPQ HP Inc Fiscal Year End 19th of November 2024 PairCorr
  0.32BAC Bank of America Sell-off TrendPairCorr

Related Correlations Analysis

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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   
MRK
+ 0.83
MSFT
F
+ 0.78
MSFT
MRK
+ 0.73
F
JPM
+ 0.7
CRM
UBER
+ 0.68
META
XOM
+ 0.65
JPM
  
High negative correlations   
A
- 0.78
MSFT
MRK
- 0.7
A
MRK
- 0.68
T
A
- 0.62
F
T
- 0.59
MSFT
XOM
- 0.52
MRK

DSJA Competition Risk-Adjusted Indicators

There is a big difference between DSJA Etf performing well and DSJA 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 DSJA'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.53  0.00 (0.01) 0.09  2.16 
(1.47)
 3.86 
(3.21)
 11.55 
MSFT  0.99 (0.09)(0.07)(0.01) 1.46 
(0.91)
 1.94 
(2.45)
 5.77 
UBER  1.83 (0.02) 0.00  0.08  2.16 
(2.26)
 5.29 
(3.33)
 13.81 
F  1.73 (0.27) 0.00 (0.08) 0.00 
 0.00 
 3.21 
(3.24)
 22.50 
T  0.88  0.31  0.17 (26.40) 0.87 
(1.01)
 2.13 
(1.83)
 7.97 
A  1.10 (0.03)(0.02) 0.06  1.39 
(1.08)
 2.69 
(2.08)
 6.98 
CRM  1.32 (0.02) 0.00  0.08  1.50 
(1.38)
 2.93 
(2.22)
 7.90 
JPM  1.09 (0.03) 0.00  0.07  1.66 
(0.96)
 2.05 
(2.38)
 7.98 
MRK  1.09 (0.18) 0.00  10.67  0.00 
 0.00 
 1.71 
(2.09)
 13.12 
XOM  1.06 (0.07)(0.07) 0.00  1.33 
(1.10)
 2.10 
(2.09)
 6.61 

DSJA Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DSJA etf to make a market-neutral strategy. Peer analysis of DSJA could also be used in its relative valuation, which is a method of valuing DSJA by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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