Fairlead Tactical Correlations

TACK Etf

USD 28.34 0.09 0.32%

The current 90-days correlation between Fairlead Tactical Sector and EA Series Trust is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fairlead Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairlead Tactical Sector moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fairlead Tactical Correlation With Market

Very poor diversification

The correlation between Fairlead Tactical Sector and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fairlead Tactical Sector and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fairlead Etf

0.96	TDSC	Cabana Target Drawdown	Pair Corr
0.81	YYY	Amplify High Income	Pair Corr
0.72	TDSD	Exchange Traded Concepts	Pair Corr
0.93	GMOM	Cambria Global Momentum	Pair Corr
0.66	AGOX	Adaptive Alpha Oppor	Pair Corr
0.93	DALI	First Trust Dorsey	Pair Corr
0.79	TRTY	Cambria Trinity ETF	Pair Corr
0.87	TOAK	Manager Directed Por	Pair Corr
0.95	VTI	Vanguard Total Stock	Pair Corr
0.96	SPY	SPDR SP 500	Pair Corr
0.96	IVV	iShares Core SP	Pair Corr
0.9	VB	Vanguard Small Cap	Pair Corr
0.91	IJH	iShares Core SP	Pair Corr
0.91	IWF	iShares Russell 1000 Sell-off Trend	Pair Corr
0.67	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.92	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.72	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.75	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.61	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.9	CSCO	Cisco Systems	Pair Corr
0.72	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.9	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	DIS	Walt Disney Aggressive Push	Pair Corr
0.69	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr

Moving against Fairlead Etf

0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.68	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.51	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.38	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	DRAI	FCUS	GDE	QIS	TUG	INCM	RSBT	RSST	TACK
DRAI		0.28	0.53	-0.36	0.5	0.39	-0.24	0.37	0.51	DRAI
FCUS	0.28		0.72	-0.44	0.92	0.44	-0.76	0.32	0.84	FCUS
GDE	0.53	0.72		-0.62	0.85	0.67	-0.67	0.31	0.89	GDE
QIS	-0.36	-0.44	-0.62		-0.55	-0.34	0.67	0.11	-0.56	QIS
TUG	0.5	0.92	0.85	-0.55		0.55	-0.69	0.47	0.9	TUG
INCM	0.39	0.44	0.67	-0.34	0.55		-0.17	0.55	0.81	INCM
RSBT	-0.24	-0.76	-0.67	0.67	-0.69	-0.17		0.29	-0.61	RSBT
RSST	0.37	0.32	0.31	0.11	0.47	0.55	0.29		0.49	RSST
TACK	0.51	0.84	0.89	-0.56	0.9	0.81	-0.61	0.49		TACK
	DRAI	FCUS	GDE	QIS	TUG	INCM	RSBT	RSST	TACK

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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

TUG	+ 0.92	FCUS
TACK	+ 0.9	TUG
TACK	+ 0.89	GDE
TUG	+ 0.85	GDE
TACK	+ 0.84	FCUS
TACK	+ 0.81	INCM

High negative correlations

RSBT	- 0.76	FCUS
RSBT	- 0.69	TUG
RSBT	- 0.67	GDE
QIS	- 0.62	GDE
TACK	- 0.61	RSBT
TACK	- 0.56	QIS

Fairlead Tactical Constituents Risk-Adjusted Indicators

There is a big difference between Fairlead Etf performing well and Fairlead Tactical 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 Fairlead Tactical'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
DRAI	0.78	(0.04)	0.00	0.28	0.00	0.00	1.46	(2.11)	6.29
FCUS	1.01	0.19	0.18	0.22	0.85	(1.26)	3.13	(1.32)	8.25
GDE	0.94	0.08	0.03	0.19	1.40	(0.85)	2.11	(2.34)	6.44
QIS	0.56	0.02	(0.09)	0.03	1.02	(0.67)	1.08	(0.94)	10.84
TUG	0.81	(0.03)	(0.02)	0.06	1.13	(0.81)	1.50	(2.25)	5.55
INCM	0.26	(0.01)	(0.24)	0.04	0.26	(0.28)	0.45	(0.49)	1.53
RSBT	0.69	(0.16)	0.00	(0.22)	0.00	0.00	1.05	(1.76)	4.21
RSST	1.12	(0.12)	(0.05)	0.01	1.61	(1.11)	1.72	(2.88)	7.00
TACK	0.50	0.00	(0.03)	0.09	0.47	(0.56)	1.01	(0.78)	2.60

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