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Last Update: 09-Oct-2024, 18:01 CST

METU Correlation Report

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Correlation Plot    ExplainYTD: METU  32.7 %  vs. SPX  21.4 % 
Direxion Daily META Bull 2X Shares

* Correlation: STRONG* Reward: MODERATE
* Diversifier: VERY WEAK* Risk: HIGH

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.648

0.154

3.83

17

-2.2

55.0
* Last 60 market days. METU relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankMETU CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.999 Subscribe first then Login to view complete reports now

0.658

0.129

1.92
2
0.700 Subscribe first then Login to view complete reports now

0.827

-0.018

2.55
3
2
0.689 Subscribe first then Login to view complete reports now

0.794

-0.046

2.27
4
2
0.683 Subscribe first then Login to view complete reports now

0.581

0.080

3.67
5
2
0.682 FIX - Comfort Systems USA Inc.

0.746

-0.085

3.05
Least Correlated Non-ETF Securities:
RankMETU CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
64
0.000 Subscribe first then Login to view complete reports now

0.033

0.252

1.37
2
30
0.000 Subscribe first then Login to view complete reports now

0.306

-0.214

2.28
3
78
0.000 Subscribe first then Login to view complete reports now

0.215

-1.079

2.62
4
0.001 Subscribe first then Login to view complete reports now

0.118

1.788

5.70
5
172
-0.001 AVTR - Avantor Inc.

0.309

-0.426

1.90
Most Anti-Correlated Non-ETF Securities:
RankMETU CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.407 Subscribe first then Login to view complete reports now

-0.358

0.073

-0.52
2
-0.406 Subscribe first then Login to view complete reports now

-0.517

0.120

-0.40
3
-0.385 Subscribe first then Login to view complete reports now

-0.228

0.155

-1.03
4
-0.373 Subscribe first then Login to view complete reports now

-0.493

0.589

-1.39
5
-0.369 CHFGBP - Swiss Franc British Pound

-0.631

0.136

-0.53




 

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