Argent Focused Correlations

ALIL Etf

29.72 0.11 0.37%

The current 90-days correlation between Argent Focused Small and iShares Nasdaq 100 ex is 0.78 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Argent Focused moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argent Focused Small moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Argent Focused Correlation With Market

Very poor diversification

The correlation between Argent Focused Small and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argent Focused Small and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Argent Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argent Focused 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 gross domestic product.

Moving together with Argent Etf

0.91	VB	Vanguard Small Cap	Pair Corr
0.93	IJR	iShares Core SP	Pair Corr
0.83	IWM	iShares Russell 2000	Pair Corr
0.83	VRTIX	Vanguard Russell 2000	Pair Corr
0.83	VTWO	Vanguard Russell 2000	Pair Corr
0.94	FNDA	Schwab Fundamental Small	Pair Corr
0.93	SPSM	SPDR Portfolio SP	Pair Corr
0.92	DFAS	Dimensional Small Cap	Pair Corr
0.93	VIOO	Vanguard SP Small	Pair Corr
0.92	PRFZ	Invesco FTSE RAFI	Pair Corr
0.66	VTI	Vanguard Total Stock	Pair Corr
0.67	TOT	Advisor Managed Port	Pair Corr
0.75	VTV	Vanguard Value Index	Pair Corr
0.82	VO	Vanguard Mid Cap	Pair Corr
0.67	ITDJ	iShares Trust	Pair Corr
0.81	SAWS	AAM Sawgrass Small	Pair Corr
0.64	DFAX	Dimensional World	Pair Corr
0.62	EASG	Xtrackers MSCI EAFE	Pair Corr
0.83	SIXS	6 Meridian Small	Pair Corr
0.95	FSMD	Fidelity Small Mid	Pair Corr

Related Correlations Analysis

	QNXT	LST	OVS	TOKE	RHRX	FMKT	TSPY	DFVE	MEDX	LTL
QNXT		0.57	0.65	0.42	0.86	0.64	0.5	0.6	-0.17	0.69	QNXT
LST	0.57		0.94	0.27	0.67	-0.06	0.75	0.95	0.37	0.56	LST
OVS	0.65	0.94		0.26	0.71	0.0	0.76	0.98	0.38	0.57	OVS
TOKE	0.42	0.27	0.26		0.15	0.52	-0.17	0.27	-0.32	0.56	TOKE
RHRX	0.86	0.67	0.71	0.15		0.35	0.79	0.65	0.02	0.51	RHRX
FMKT	0.64	-0.06	0.0	0.52	0.35		-0.21	-0.08	-0.61	0.48	FMKT
TSPY	0.5	0.75	0.76	-0.17	0.79	-0.21		0.76	0.54	0.15	TSPY
DFVE	0.6	0.95	0.98	0.27	0.65	-0.08	0.76		0.46	0.53	DFVE
MEDX	-0.17	0.37	0.38	-0.32	0.02	-0.61	0.54	0.46		-0.41	MEDX
LTL	0.69	0.56	0.57	0.56	0.51	0.48	0.15	0.53	-0.41		LTL
	QNXT	LST	OVS	TOKE	RHRX	FMKT	TSPY	DFVE	MEDX	LTL

Please upgrade your account to get full access to Macroaxis premium features

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

DFVE	+ 0.98	OVS
DFVE	+ 0.95	LST
OVS	+ 0.94	LST
RHRX	+ 0.86	QNXT
TSPY	+ 0.79	RHRX
TSPY	+ 0.76	OVS

High negative correlations

MEDX	- 0.61	FMKT
LTL	- 0.41	MEDX
MEDX	- 0.32	TOKE
TSPY	- 0.21	FMKT
TSPY	- 0.17	TOKE
MEDX	- 0.17	QNXT

Argent Focused Constituents Risk-Adjusted Indicators

There is a big difference between Argent Etf performing well and Argent Focused 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 Argent Focused'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
QNXT	0.78	(0.06)	(0.05)	0.01	1.06	(0.80)	1.37	(1.64)	4.20
LST	0.64	(0.01)	(0.02)	0.04	0.78	(0.69)	1.31	(1.26)	3.66
OVS	0.97	(0.05)	(0.02)	0.02	1.29	(0.98)	2.09	(2.01)	5.28
TOKE	2.40	0.06	0.01	0.29	2.56	(3.13)	5.87	(4.45)	29.19
RHRX	0.67	(0.03)	(0.04)	0.02	0.91	(0.65)	1.10	(1.69)	4.33
FMKT	1.01	(0.15)	0.00	(0.07)	0.00	0.00	1.58	(2.40)	5.18
TSPY	0.59	0.00	0.00	0.06	0.78	(0.59)	1.23	(1.14)	3.23
DFVE	0.62	(0.02)	(0.02)	0.04	0.81	(0.62)	1.31	(1.31)	3.44
MEDX	0.84	0.14	0.15	0.26	0.59	(0.99)	2.29	(1.32)	7.18
LTL	1.27	(0.14)	0.00	(0.03)	0.00	0.00	2.25	(2.91)	6.12

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC