Regents Park Correlations
RPHS Etf | USD 10.20 0.02 0.20% |
The current 90-days correlation between Regents Park Hedged and Nationwide Nasdaq 100 Risk Managed is 0.73 (i.e., Poor diversification). The correlation of Regents Park 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.
Regents Park Correlation With Market
Very weak diversification
The correlation between Regents Park Hedged and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regents Park Hedged and DJI in the same portfolio, assuming nothing else is changed.
Regents |
Moving together with Regents Etf
0.76 | AOM | iShares Core Moderate | PairCorr |
0.76 | HNDL | Strategy Shares Nasdaq | PairCorr |
0.62 | RPAR | RPAR Risk Parity | PairCorr |
0.68 | AOK | iShares Core Conservative | PairCorr |
0.68 | EAOK | iShares ESG Aware | PairCorr |
0.76 | EAOM | iShares ESG Aware | PairCorr |
0.96 | VTI | Vanguard Total Stock | PairCorr |
0.97 | SPY | SPDR SP 500 | PairCorr |
0.97 | IVV | iShares Core SP | PairCorr |
0.64 | VTV | Vanguard Value Index | PairCorr |
0.87 | VUG | Vanguard Growth Index | PairCorr |
0.67 | VO | Vanguard Mid Cap | PairCorr |
0.71 | VEA | Vanguard FTSE Developed | PairCorr |
0.89 | VWO | Vanguard FTSE Emerging | PairCorr |
0.97 | VOO | Vanguard SP 500 | PairCorr |
0.85 | VGT | Vanguard Information | PairCorr |
0.84 | QQJG | Invesco ESG NASDAQ | PairCorr |
0.85 | FTEC | Fidelity MSCI Information | PairCorr |
Related Correlations Analysis
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Regents Park Constituents Risk-Adjusted Indicators
There is a big difference between Regents Etf performing well and Regents Park 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 Regents Park'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NUSI | 0.70 | 0.02 | (0.02) | 0.14 | 0.80 | 1.96 | 4.88 | |||
MDIV | 0.36 | 0.06 | (0.01) | 0.24 | 0.27 | 0.93 | 3.27 | |||
YYY | 0.36 | 0.03 | (0.03) | 0.17 | 0.48 | 1.05 | 3.79 | |||
RYLD | 0.59 | (0.04) | (0.07) | 0.06 | 0.84 | 1.50 | 4.25 | |||
QYLD | 0.56 | (0.02) | (0.04) | 0.08 | 0.88 | 2.17 | 5.04 |