Cavalier Investments Correlations
| AHHX Etf | USD 8.33 0.00 0.00% |
The current 90-days correlation between Cavalier Investments and Cavalier Investments is -0.02 (i.e., Good diversification). The correlation of Cavalier Investments 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.
Cavalier Investments Correlation With Market
Good diversification
The correlation between Cavalier Investments and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cavalier Investments and DJI in the same portfolio, assuming nothing else is changed.
Cavalier |
Moving together with Cavalier Etf
| 0.67 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.72 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.8 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Cavalier Etf
| 0.77 | EOS | Eaton Vance Enhanced | PairCorr |
| 0.68 | SHLD | Global X Funds | PairCorr |
| 0.66 | WINN | Harbor Long Term | PairCorr |
| 0.65 | ETH | Grayscale Ethereum Mini | PairCorr |
| 0.47 | SHYG | iShares 0 5 | PairCorr |
| 0.47 | SJNK | SPDR Bloomberg Short | PairCorr |
| 0.83 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.78 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.74 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.66 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.66 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.62 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.51 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.51 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.48 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.41 | HD | Home Depot | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Cavalier Investments Constituents Risk-Adjusted Indicators
There is a big difference between Cavalier Etf performing well and Cavalier Investments 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 Cavalier Investments' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AQGX | 0.88 | 0.10 | (0.02) | 4.70 | 0.97 | 2.07 | 4.38 | |||
| DHDG | 0.28 | 0.03 | (0.13) | 0.28 | 0.24 | 0.53 | 2.01 | |||
| Z | 2.14 | 0.65 | 0.26 | 3.76 | 1.60 | 4.77 | 25.67 | |||
| MBCC | 0.53 | 0.00 | (0.05) | 0.13 | 0.57 | 1.12 | 3.36 | |||
| MBBB | 0.24 | 0.00 | (0.36) | 0.07 | 0.31 | 0.56 | 1.49 | |||
| BZDYF | 0.28 | 0.11 | 0.00 | 1.52 | 0.00 | 0.82 | 6.11 | |||
| MBOX | 0.61 | (0.05) | (0.08) | 0.07 | 0.63 | 1.25 | 3.49 | |||
| MBNE | 0.13 | 0.01 | (0.58) | (0.04) | 0.15 | 0.30 | 0.98 |
Cavalier Investments Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cavalier Investments etf to make a market-neutral strategy. Peer analysis of Cavalier Investments could also be used in its relative valuation, which is a method of valuing Cavalier Investments by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |