Snapshot*
What is GAST?
GAST will offer exposure to leading firms that design, develop, support, or manufacture automation equipment, related technology, software, or processes, as well as firms that use these to automate and increase productivity in their own businesses.
ETFs related toGAST
ETFs correlated to GAST include IYJ, FXR, JHMM
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toGAST
Pick the Trending Sector
Opus-12
Create your own algorithmic trading strategy with GAST using Composer
News Related to GAST
Emerson Delivers Q2 Profit Thanks To Cost Discipline, Raises The Bar for FY25
May 7, 2025 • by Lekha Gupta
ITT Q1 Preliminary Results: Flat Revenue, Eyes $1 Billion In Orders, $500 Million In New Buybacks & More
Apr 10, 2025 • by Lekha Gupta
Emerson Electric Gains On Q4 Earnings Beat And FY25 Growth Forecast: Eyes AspenTech Buyout
Nov 5, 2024 • by Lekha Gupta
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.