Core Alternative Correlations
CCOR Etf | USD 26.86 0.04 0.15% |
The current 90-days correlation between Core Alternative ETF and AGFiQ Market Neutral is -0.19 (i.e., Good diversification). The correlation of Core Alternative 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.
Core Alternative Correlation With Market
Poor diversification
The correlation between Core Alternative ETF and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Alternative ETF and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Core Etf
Moving against Core Etf
0.69 | VABS | Virtus Newfleet ABSMBS | PairCorr |
0.64 | PHDG | Invesco SP 500 | PairCorr |
0.6 | HEQT | Simplify Exchange Traded | PairCorr |
0.57 | ITDD | iShares Trust | PairCorr |
0.56 | SWAN | Amplify BlackSwan Growth | PairCorr |
0.56 | BUFD | FT Cboe Vest | PairCorr |
0.55 | ADME | Aptus Drawdown Managed | PairCorr |
0.55 | HEGD | Swan Hedged Equity | PairCorr |
0.55 | GTR | WisdomTree Target Range | PairCorr |
0.54 | ACIO | Aptus Collared Income | PairCorr |
0.54 | MSTB | ETF Series Solutions | PairCorr |
0.52 | HIDE | Alpha Architect High | PairCorr |
0.5 | VAMO | Cambria Value | PairCorr |
0.47 | EUSB | iShares Trust | PairCorr |
0.46 | VBF | Invesco Van Kampen | PairCorr |
0.43 | PMBS | PIMCO Mortgage Backed | PairCorr |
0.4 | AMPD | Tidal ETF Services | PairCorr |
0.66 | IBM | International Business Earnings Call This Week | PairCorr |
0.62 | DIS | Walt Disney | PairCorr |
0.62 | CSCO | Cisco Systems | PairCorr |
0.58 | BAC | Bank of America | PairCorr |
0.58 | JPM | JPMorgan Chase | PairCorr |
0.57 | CAT | Caterpillar | PairCorr |
0.5 | AXP | American Express | PairCorr |
0.49 | BA | Boeing | PairCorr |
0.45 | PFE | Pfizer Inc | PairCorr |
0.42 | AA | Alcoa Corp | PairCorr |
0.36 | MMM | 3M Company | PairCorr |
0.34 | DD | Dupont De Nemours | PairCorr |
Related Correlations Analysis
-0.91 | -0.96 | -0.96 | -0.94 | BTAL | ||
-0.91 | 0.95 | 0.95 | 0.92 | GMOM | ||
-0.96 | 0.95 | 0.98 | 0.96 | GAA | ||
-0.96 | 0.95 | 0.98 | 0.96 | EYLD | ||
-0.94 | 0.92 | 0.96 | 0.96 | DRSK | ||
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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
| High negative correlations
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Core Alternative Constituents Risk-Adjusted Indicators
There is a big difference between Core Etf performing well and Core Alternative 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 Core Alternative'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BTAL | 0.88 | (0.27) | 0.00 | 0.60 | 0.00 | 1.36 | 4.81 | |||
GMOM | 0.39 | 0.09 | (0.06) | 2.71 | 0.33 | 0.95 | 2.45 | |||
GAA | 0.40 | 0.09 | (0.03) | 0.56 | 0.33 | 0.89 | 2.56 | |||
EYLD | 0.63 | 0.20 | 0.17 | 0.56 | 0.36 | 1.54 | 6.56 | |||
DRSK | 0.40 | 0.05 | (0.08) | 0.28 | 0.34 | 1.01 | 3.43 |