ACGR Correlations

Etfs . USA . 
Etf . ACGR
ACGR Etf   59.22  0.00  0.00%   
The current 90-days correlation between ACGR and Vanguard Growth Index is 0.98 (i.e., Almost no diversification). The correlation of ACGR 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.

ACGR Correlation With Market

Significant diversification

The correlation between ACGR and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACGR and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ACGR. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with ACGR Etf

  0.99VUG Vanguard Growth IndexPairCorr
  0.99IWF iShares Russell 1000PairCorr
  0.99IVW iShares SP 500PairCorr
  0.99SPYG SPDR Portfolio SPPairCorr
  0.99IUSG iShares Core SPPairCorr
  0.99VONG Vanguard Russell 1000PairCorr
  0.99MGK Vanguard Mega CapPairCorr
  0.99VRGWX Vanguard Russell 1000PairCorr
  0.99QQQM Invesco NASDAQ 100PairCorr
  0.99IWY iShares Russell TopPairCorr
  0.9VTI Vanguard Total StockPairCorr
  0.93SPY SPDR SP 500PairCorr
  0.93IVV iShares Core SPPairCorr
  0.67VB Vanguard Small CapPairCorr
  0.72BAC Bank of America Aggressive PushPairCorr
  0.9WMT WalmartPairCorr
  0.75T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.84CSCO Cisco Systems Sell-off TrendPairCorr

Moving against ACGR Etf

  0.56VEA Vanguard FTSE DevelopedPairCorr
  0.34BND Vanguard Total Bond Sell-off TrendPairCorr
  0.82JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.71KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.68PFE Pfizer Inc Aggressive PushPairCorr
  0.61DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.59GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.58MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.45VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.39HPQ HP IncPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

ACGR Constituents Risk-Adjusted Indicators

There is a big difference between ACGR Etf performing well and ACGR 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 ACGR'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VUG  0.74  0.14  0.11  1.03  0.96 
(0.75)
 1.66 
(1.45)
 5.83 
IWF  0.75  0.14  0.10  1.03  0.96 
(0.74)
 1.63 
(1.52)
 5.97 
IVW  0.73  0.13  0.10  0.96  0.94 
(0.73)
 1.59 
(1.58)
 5.79 
SPYG  0.73  0.13  0.10  0.99  0.99 
(0.73)
 1.54 
(1.51)
 5.94 
IUSG  0.71  0.13  0.10  0.84  1.03 
(0.72)
 1.49 
(1.55)
 6.03 
VONG  0.74  0.14  0.10  1.00  0.95 
(0.71)
 1.62 
(1.53)
 5.90 
MGK  0.76  0.14  0.10  1.25  0.93 
(0.74)
 1.66 
(1.61)
 5.68 
VRGWX  0.75  0.14  0.10  1.00  0.96 
(0.74)
 1.65 
(1.54)
 5.99 
QQQM  0.79  0.11  0.08  1.06  1.05 
(0.82)
 1.57 
(1.51)
 6.31 
IWY  0.76  0.14  0.10  1.31  0.96 
(0.74)
 1.72 
(1.64)
 5.79 

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