Cambria Endowment Correlations

ENDW Etf

33.05 0.03 0.09%

The current 90-days correlation between Cambria Endowment Style and Litman Gregory Funds is 0.75 (i.e., Poor diversification). The correlation of Cambria Endowment 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.

Cambria Endowment Correlation With Market

Almost no diversification

The correlation between Cambria Endowment Style and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Endowment Style and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cambria Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cambria Endowment Style. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Cambria Etf

0.99	TDSC	Cabana Target Drawdown	Pair Corr
0.96	YYY	Amplify High Income	Pair Corr
0.86	FVC	First Trust Dorsey	Pair Corr
0.95	TDSB	Cabana Target Drawdown	Pair Corr
0.99	GMOM	Cambria Global Momentum	Pair Corr
0.76	AGOX	Adaptive Alpha Oppor	Pair Corr
0.98	TACK	Fairlead Tactical Sector	Pair Corr
0.87	DALI	First Trust Dorsey	Pair Corr
0.68	USD	ProShares Ultra Semi	Pair Corr
0.87	JNUG	Direxion Daily Junior	Pair Corr
0.81	GDXU	MicroSectors Gold Miners	Pair Corr
0.89	NUGT	Direxion Daily Gold	Pair Corr
0.93	GDMN	WisdomTree Efficient Gold	Pair Corr
0.94	DGP	DB Gold Double	Pair Corr
0.93	PFF	iShares Preferred	Pair Corr
0.78	FXC	Invesco CurrencyShares	Pair Corr
0.88	JANW	AIM ETF Products	Pair Corr
0.96	TAXT	Northern Trust Tax	Pair Corr
0.97	FPXE	First Trust IPOX	Pair Corr
0.92	GAPR	First Trust Exchange	Pair Corr
0.98	WLDR	Affinity World Leaders	Pair Corr
0.88	SIXJ	AIM ETF Products	Pair Corr
0.95	VGUS	Vanguard Ultra Short	Pair Corr
0.88	WDNA	WisdomTree BioRevolution Low Volatility	Pair Corr
0.97	CHPS	Xtrackers Semiconductor	Pair Corr
0.97	PCEM	Litman Gregory Funds	Pair Corr
0.95	LVHI	Franklin International	Pair Corr
0.95	ESML	iShares ESG Aware	Pair Corr
0.9	XYLD	Global X SP	Pair Corr
0.87	XAUG	FT Cboe Vest	Pair Corr
0.95	REGL	ProShares SP MidCap	Pair Corr
0.88	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.89	TLCI	Touchstone ETF Trust	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.35	-0.4	0.4	0.13	-0.47	-0.07	0.34	0.42	0.38	META
MSFT	-0.35		0.82	-0.57	-0.71	0.74	0.85	0.07	-0.87	-0.92	MSFT
UBER	-0.4	0.82		-0.51	-0.57	0.81	0.6	-0.07	-0.8	-0.77	UBER
F	0.4	-0.57	-0.51		0.17	-0.46	-0.31	0.28	0.72	0.63	F
T	0.13	-0.71	-0.57	0.17		-0.47	-0.78	-0.15	0.5	0.63	T
A	-0.47	0.74	0.81	-0.46	-0.47		0.54	-0.01	-0.66	-0.8	A
CRM	-0.07	0.85	0.6	-0.31	-0.78	0.54		0.44	-0.64	-0.83	CRM
JPM	0.34	0.07	-0.07	0.28	-0.15	-0.01	0.44		0.2	-0.1	JPM
MRK	0.42	-0.87	-0.8	0.72	0.5	-0.66	-0.64	0.2		0.86	MRK
XOM	0.38	-0.92	-0.77	0.63	0.63	-0.8	-0.83	-0.1	0.86		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.86	MRK
CRM	+ 0.85	MSFT
UBER	+ 0.82	MSFT
A	+ 0.81	UBER
A	+ 0.74	MSFT
MRK	+ 0.72	F

High negative correlations

XOM	- 0.92	MSFT
MRK	- 0.87	MSFT
XOM	- 0.83	CRM
XOM	- 0.8	A
MRK	- 0.8	UBER
CRM	- 0.78	T

Cambria Endowment Competition Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Endowment 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 Cambria Endowment'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
META	1.47	0.07	0.04	0.14	1.43	(1.78)	3.43	(2.60)	13.69
MSFT	1.33	(0.37)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.55	(0.39)	0.00	(0.71)	0.00	0.00	2.46	(3.82)	11.09
F	1.21	0.03	0.02	0.07	1.25	(1.45)	3.34	(2.30)	7.16
T	1.01	0.14	0.10	(18.48)	0.95	(1.16)	3.87	(1.76)	5.31
A	1.27	(0.31)	0.00	(0.20)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.72	(0.42)	0.00	(0.40)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.10)	0.00	(0.03)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.29	0.43	0.31	0.77	0.98	(1.58)	2.93	(1.98)	8.74
XOM	1.27	0.39	0.25	1.59	1.08	(1.47)	2.90	(2.12)	6.83

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