Cambiar Aggressive Correlations

CAMX Etf

30.95 0.19 0.61%

The current 90-days correlation between Cambiar Aggressive Value and BNY Mellon ETF is 0.71 (i.e., Poor diversification). The correlation of Cambiar Aggressive 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.

Cambiar Aggressive Correlation With Market

Poor diversification

The correlation between Cambiar Aggressive Value and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambiar Aggressive Value and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cambiar Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cambiar Aggressive Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving against Cambiar Etf

0.47	VUG	Vanguard Growth Index	Pair Corr
0.45	ASET	FlexShares Real Assets	Pair Corr
0.43	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.43	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.42	WLDR	Affinity World Leaders	Pair Corr
0.41	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.39	BND	Vanguard Total Bond	Pair Corr
0.35	DGT	SPDR Global Dow	Pair Corr
0.32	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.54	SHV	iShares Short Treasury	Pair Corr
0.51	BAI	BlackRock ETF Trust	Pair Corr
0.51	GGRW	Gabelli ETFs Trust	Pair Corr
0.48	TSLP	Kurv Yield Premium	Pair Corr
0.47	ICOP	iShares Copper	Pair Corr
0.45	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.44	SWP	SWP Growth Income	Pair Corr
0.42	VWO	Vanguard FTSE Emerging	Pair Corr
0.42	BUYW	Main Buywrite ETF	Pair Corr
0.41	RSMV	Listed Funds Trust	Pair Corr
0.32	IWO	iShares Russell 2000	Pair Corr
0.55	VNLA	Janus Henderson Short	Pair Corr
0.51	MYCG	SPDR SSGA My2027	Pair Corr
0.48	QMAG	FT Vest Nasdaq	Pair Corr
0.46	TSMX	Direxion Daily TSM	Pair Corr

Related Correlations Analysis

	BKSE	FLEU	QLVD	UPAR	BLCV	AIVI	RSEE	BIB	EASG	ITDC
BKSE		0.67	-0.06	0.79	0.57	0.0	0.87	0.64	0.75	0.9	BKSE
FLEU	0.67		0.12	0.74	0.63	0.41	0.86	0.8	0.95	0.85	FLEU
QLVD	-0.06	0.12		-0.18	0.45	0.83	-0.1	-0.06	0.22	-0.07	QLVD
UPAR	0.79	0.74	-0.18		0.42	0.01	0.86	0.8	0.76	0.9	UPAR
BLCV	0.57	0.63	0.45	0.42		0.64	0.64	0.64	0.67	0.62	BLCV
AIVI	0.0	0.41	0.83	0.01	0.64		0.13	0.26	0.45	0.13	AIVI
RSEE	0.87	0.86	-0.1	0.86	0.64	0.13		0.83	0.89	0.99	RSEE
BIB	0.64	0.8	-0.06	0.8	0.64	0.26	0.83		0.8	0.84	BIB
EASG	0.75	0.95	0.22	0.76	0.67	0.45	0.89	0.8		0.89	EASG
ITDC	0.9	0.85	-0.07	0.9	0.62	0.13	0.99	0.84	0.89		ITDC
	BKSE	FLEU	QLVD	UPAR	BLCV	AIVI	RSEE	BIB	EASG	ITDC

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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

ITDC	+ 0.99	RSEE
EASG	+ 0.95	FLEU
ITDC	+ 0.9	BKSE
ITDC	+ 0.9	UPAR
EASG	+ 0.89	RSEE
ITDC	+ 0.89	EASG

High negative correlations

UPAR	- 0.18	QLVD
RSEE	- 0.1	QLVD
ITDC	- 0.07	QLVD
BIB	- 0.06	QLVD
QLVD	- 0.06	BKSE
AIVI	- 0.0	BKSE

Cambiar Aggressive Constituents Risk-Adjusted Indicators

There is a big difference between Cambiar Etf performing well and Cambiar Aggressive 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 Cambiar Aggressive'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
BKSE	0.81	(0.04)	(0.01)	0.04	0.98	(0.85)	1.81	(1.60)	6.95
FLEU	0.61	(0.01)	(0.03)	0.05	0.71	(0.62)	1.22	(1.10)	3.31
QLVD	0.43	(0.02)	(0.10)	0.03	0.50	(0.49)	0.83	(0.87)	2.69
UPAR	0.48	0.15	0.14	(2.45)	0.18	(0.57)	1.38	(0.84)	2.67
BLCV	0.51	(0.04)	(0.07)	0.02	0.57	(0.57)	1.11	(0.90)	3.90
AIVI	0.47	(0.02)	(0.09)	0.03	0.51	(0.53)	0.92	(0.89)	2.83
RSEE	0.69	(0.01)	0.01	0.06	1.03	(0.65)	1.39	(1.48)	5.83
BIB	1.67	0.40	0.22	0.31	1.50	(1.87)	3.84	(2.81)	7.96
EASG	0.61	(0.01)	(0.02)	0.05	0.75	(0.63)	1.06	(1.18)	3.80
ITDC	0.33	0.01	(0.04)	0.07	0.40	(0.34)	0.76	(0.55)	2.93

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