| RFDA Etf | | | USD 59.45 0.01 0.02% |
The current 90-days correlation between RiverFront Dynamic and RiverFront Dynamic Core is 0.33 (i.e., Weak diversification). The correlation of RiverFront Dynamic 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.
RiverFront Dynamic Correlation With Market
Very poor diversification
The correlation between RiverFront Dynamic Dividend and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RiverFront Dynamic Dividend and DJI in the same portfolio, assuming nothing else is changed.
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Your Equity Center to better understand how to build diversified portfolios, which includes a position in RiverFront Dynamic Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.