AAM Sawgrass Correlations

SAWS Etf

22.42 0.00 0.00%

The current 90-days correlation between AAM Sawgrass Small and Matthews China Discovery is 0.3 (i.e., Weak diversification). The correlation of AAM Sawgrass 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.

AAM Sawgrass Correlation With Market

Modest diversification

The correlation between AAM Sawgrass Small and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAM Sawgrass Small and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AAM Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AAM Sawgrass Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with AAM Etf

0.85	VBK	Vanguard Small Cap	Pair Corr
0.8	IWO	iShares Russell 2000	Pair Corr
0.86	IJT	iShares SP Small	Pair Corr
0.86	SLYG	SPDR SP 600	Pair Corr
0.94	JKK	iShares Morningstar	Pair Corr
0.9	VTWG	Vanguard Russell 2000	Pair Corr
0.86	VIOG	Vanguard SP Small	Pair Corr
0.64	ISCG	iShares Morningstar	Pair Corr
0.63	WSML	iShares MSCI World	Pair Corr
0.66	MDBX	Tradr 2X Long	Pair Corr
0.64	CPSR	Calamos SP 500	Pair Corr
0.71	MBB	iShares MBS ETF	Pair Corr
0.8	JEPI	JPMorgan Equity Premium	Pair Corr
0.83	INOV	Innovator ETFs Trust	Pair Corr
0.88	RSSE	First Trust Exchange	Pair Corr
0.79	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.79	SPY	SPDR SP 500	Pair Corr
0.66	BAC	Bank of America	Pair Corr
0.66	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against AAM Etf

0.73	SWIN	Alps Symbol Change	Pair Corr
0.45	MPAY	Exchange Traded Concepts	Pair Corr
0.42	JEM	707 Cayman Holdings	Pair Corr
0.68	T	ATT Inc	Pair Corr
0.4	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	MCHS	DISV	RB	VB	MEMS	MJSC	MMSC	VIOG	VIOV
MCHS		0.73	0.6	0.63	0.43	0.4	0.71	0.53	0.5	MCHS
DISV	0.73		0.96	0.76	-0.08	0.55	0.68	0.7	0.71	DISV
RB	0.6	0.96		0.75	-0.23	0.57	0.66	0.71	0.73	RB
VB	0.63	0.76	0.75		0.14	0.87	0.93	0.97	0.97	VB
MEMS	0.43	-0.08	-0.23	0.14		0.15	0.34	0.03	0.02	MEMS
MJSC	0.4	0.55	0.57	0.87	0.15		0.75	0.79	0.9	MJSC
MMSC	0.71	0.68	0.66	0.93	0.34	0.75		0.9	0.84	MMSC
VIOG	0.53	0.7	0.71	0.97	0.03	0.79	0.9		0.95	VIOG
VIOV	0.5	0.71	0.73	0.97	0.02	0.9	0.84	0.95		VIOV
	MCHS	DISV	RB	VB	MEMS	MJSC	MMSC	VIOG	VIOV

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

VIOG	+ 0.97	VB
VIOV	+ 0.97	VB
RB	+ 0.96	DISV
VIOV	+ 0.95	VIOG
MMSC	+ 0.93	VB
VIOV	+ 0.9	MJSC

High negative correlations

MEMS	- 0.23	RB
MEMS	- 0.08	DISV

AAM Sawgrass Constituents Risk-Adjusted Indicators

There is a big difference between AAM Etf performing well and AAM Sawgrass 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 AAM Sawgrass' 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
MCHS	0.76	0.07	0.01	0.26	0.81	(0.79)	1.58	(1.44)	3.68
DISV	0.56	0.10	0.09	0.26	0.47	(0.65)	1.17	(1.19)	2.57
RB	0.31	0.09	0.10	0.33	0.00	(0.43)	0.88	(0.23)	2.14
VB	0.78	0.01	0.03	0.11	0.84	(0.84)	1.61	(1.38)	3.82
MEMS	0.73	(0.04)	(0.07)	0.04	0.87	(0.73)	1.64	(1.43)	3.49
MJSC	0.67	0.10	0.07	0.26	0.69	(0.75)	1.43	(1.29)	3.86
MMSC	1.12	(0.02)	0.02	0.09	1.42	(1.13)	2.07	(2.24)	6.87
VIOG	0.80	0.01	0.02	0.11	0.86	(0.84)	1.67	(1.51)	4.63
VIOV	0.88	0.06	0.09	0.15	0.80	(1.04)	1.99	(1.84)	4.30

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