| AESR Etf | | | USD 19.50 0.10 0.52% |
The current 90-days correlation between Anfield Equity Sector and Absolute Core Strategy is 0.41 (i.e., Very weak diversification). The correlation of Anfield Equity 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.
Anfield Equity Correlation With Market
Very poor diversification
The correlation between Anfield Equity Sector and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Equity Sector and DJI in the same portfolio, assuming nothing else is changed.
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