Anfield Universal Correlations

AFIF Etf

USD 9.19 0.03 0.33%

The current 90-days correlation between Anfield Universal Fixed and FlexShares Core Select is 0.19 (i.e., Average diversification). The correlation of Anfield Universal 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.

Anfield Universal Correlation With Market

Significant diversification

The correlation between Anfield Universal Fixed and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Universal Fixed 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 Anfield Universal Fixed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Anfield Etf

0.8	AXSAX	Axonic Strategic Income	Pair Corr
0.83	AXSIX	Axonic Strategic Income	Pair Corr
0.9	JPIE	JP Morgan Exchange	Pair Corr
0.9	VR	VR	Pair Corr
0.93	BIL	SPDR Bloomberg 1	Pair Corr
0.92	OBIL	US Treasury 12	Pair Corr
0.7	CEFS	Saba Closed End	Pair Corr
0.77	IWF	iShares Russell 1000	Pair Corr
0.62	DBEU	Xtrackers MSCI Europe	Pair Corr

Moving against Anfield Etf

0.52

EMC

Global X Funds

Pair Corr

Related Correlations Analysis

	BNDC	AESR	DALT	BBSA	AGZD
BNDC		0.3	-0.5	-0.34	-0.44	BNDC
AESR	0.3		0.19	0.42	0.49	AESR
DALT	-0.5	0.19		0.38	0.66	DALT
BBSA	-0.34	0.42	0.38		0.8	BBSA
AGZD	-0.44	0.49	0.66	0.8		AGZD
	BNDC	AESR	DALT	BBSA	AGZD

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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

AGZD	+ 0.8	BBSA
AGZD	+ 0.66	DALT
AGZD	+ 0.49	AESR
BBSA	+ 0.42	AESR
BBSA	+ 0.38	DALT
AESR	+ 0.3	BNDC

High negative correlations

DALT	- 0.5	BNDC
AGZD	- 0.44	BNDC
BBSA	- 0.34	BNDC

Anfield Universal Constituents Risk-Adjusted Indicators

There is a big difference between Anfield Etf performing well and Anfield Universal 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 Anfield Universal'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
BNDC	0.23	(0.03)	0.00	(0.19)	0.00	0.00	0.55	(0.50)	1.69
AESR	0.73	0.03	(0.02)	0.17	0.98	(0.77)	1.41	(1.69)	5.50
DALT	0.61	0.04	(0.04)	0.30	0.70	(0.62)	1.12	(1.20)	3.33
BBSA	0.12	0.02	(0.41)	2.35	0.00	(0.13)	0.23	(0.27)	1.08
AGZD	0.25	0.01	(0.24)	0.18	0.22	(0.31)	0.54	(0.54)	1.60

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