Anfield Universal Correlations

AFIF Etf

USD 9.24 0.01 0.11%

The current 90-days correlation between Anfield Universal Fixed and FlexShares Core Select is 0.31 (i.e., Weak diversification). The correlation of Anfield Universal 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.

Anfield Universal Correlation With Market

Poor diversification

The correlation between Anfield Universal Fixed and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Universal Fixed and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anfield Universal Fixed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Anfield Etf

0.67	JPIE	JP Morgan Exchange	Pair Corr
0.74	MUSI	American Century Mul	Pair Corr
0.69	ITDD	iShares Trust	Pair Corr
0.82	TBLU	Tortoise Global Water Symbol Change	Pair Corr
0.78	MFDX	PIMCO RAFI Dynamic	Pair Corr
0.84	IDEV	iShares Core MSCI	Pair Corr
0.69	JSI	Janus Detroit Street	Pair Corr
0.84	ESGD	iShares ESG Aware	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.68	MSFT	Microsoft Aggressive Push	Pair Corr
0.7	BA	Boeing Aggressive Push	Pair Corr

Related Correlations Analysis

	BNDC	AESR	DALT	BBSA	AGZD
BNDC		-0.23	0.0	0.0	0.0	BNDC
AESR	-0.23		0.0	0.0	0.79	AESR
DALT	0.0	0.0		0.0	0.0	DALT
BBSA	0.0	0.0	0.0		0.0	BBSA
AGZD	0.0	0.79	0.0	0.0		AGZD
	BNDC	AESR	DALT	BBSA	AGZD

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AGZD	+ 0.79	AESR
DALT	+ 0.0	BNDC
BBSA	+ 0.0	BNDC
AGZD	+ 0.0	BNDC
DALT	+ 0.0	AESR
BBSA	+ 0.0	AESR

High negative correlations

AESR	- 0.23	BNDC
AGZD	- 0.0	BBSA
AGZD	- 0.0	DALT
BBSA	- 0.0	DALT
BBSA	- 0.0	AESR
DALT	- 0.0	AESR

Anfield Universal Constituents Risk-Adjusted Indicators

There is a big difference between Anfield Etf performing well and Anfield Universal 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 Anfield Universal'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
BNDC	0.33	0.01	0.19	0.60	0.41	(0.32)	0.63	(0.64)	1.91
AESR	1.37	(0.02)	0.00	0.12	0.00	0.00	2.40	(3.04)	12.34
DALT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBSA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGZD	0.21	0.00	0.21	(0.78)	0.29	(0.22)	0.36	(0.50)	1.26

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