ADRU Related Correlations
Generate correlation matrix for ADRU and other related equities to check the degree to which ADRU price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for ADRU. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
The market value of ADRU is measured differently than its book value, which is the value of ADRU that is recorded on the company's balance sheet. Investors also form their own opinion of ADRU's value that differs from its market value or its book value, called intrinsic value, which is ADRU's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ADRU's market value can be influenced by many factors that don't directly affect ADRU's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ADRU's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADRU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADRU's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Correlations
| 0.88 | 0.44 | 0.78 | 0.91 | OUSM | ||
| 0.88 | 0.67 | 0.92 | 0.87 | OUSA | ||
| 0.44 | 0.67 | 0.54 | 0.52 | OGIG | ||
| 0.78 | 0.92 | 0.54 | 0.76 | EUDG | ||
| 0.91 | 0.87 | 0.52 | 0.76 | JOET | ||
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ADRU Constituents Risk-Adjusted Indicators
There is a big difference between ADRU Etf performing well and ADRU 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 ADRU'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OUSM | 0.64 | (0.05) | (0.03) | 0.05 | 0.88 | 1.25 | 3.69 | |||
| OUSA | 0.46 | (0.05) | (0.11) | 0.02 | 0.54 | 0.81 | 2.74 | |||
| OGIG | 1.02 | (0.08) | (0.03) | 0.03 | 1.30 | 2.51 | 5.61 | |||
| EUDG | 0.55 | (0.05) | (0.08) | 0.03 | 0.64 | 1.16 | 3.15 | |||
| JOET | 0.66 | 0.05 | 0.00 | 0.23 | 0.70 | 1.24 | 3.98 |