Brookstone Active Correlations

BAMA Etf

31.38 0.20 0.64%

The current 90-days correlation between Brookstone Active ETF and iShares Core Growth is 0.15 (i.e., Average diversification). The correlation of Brookstone Active 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.

Brookstone Active Correlation With Market

Good diversification

The correlation between Brookstone Active ETF and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookstone Active ETF 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 Brookstone Active ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Brookstone Etf

0.82	TUG	STF Tactical Growth	Pair Corr
0.98	OCIO	ClearShares OCIO ETF	Pair Corr
0.71	CRPT	First Trust SkyBridge	Pair Corr
0.67	RFDA	RiverFront Dynamic	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.69	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.68	T	ATT Inc Earnings Call This Week	Pair Corr
0.65	AXP	American Express	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.69	MSFT	Microsoft Downward Rally	Pair Corr

Moving against Brookstone Etf

0.33	VCAR	Simplify Volt RoboCar Symbol Change	Pair Corr
0.49	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.33	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	AOR	GDMA	TUG	RAAX	OCIO	MFUL	MPRO	INKM	RULE
AOR		0.93	0.15	0.48	0.54	0.9	0.77	0.82	0.81	AOR
GDMA	0.93		0.27	0.53	0.61	0.86	0.66	0.74	0.82	GDMA
TUG	0.15	0.27		-0.38	0.86	0.07	-0.22	-0.17	0.02	TUG
RAAX	0.48	0.53	-0.38		0.01	0.61	0.61	0.73	0.62	RAAX
OCIO	0.54	0.61	0.86	0.01		0.51	0.25	0.32	0.44	OCIO
MFUL	0.9	0.86	0.07	0.61	0.51		0.86	0.92	0.95	MFUL
MPRO	0.77	0.66	-0.22	0.61	0.25	0.86		0.96	0.84	MPRO
INKM	0.82	0.74	-0.17	0.73	0.32	0.92	0.96		0.89	INKM
RULE	0.81	0.82	0.02	0.62	0.44	0.95	0.84	0.89		RULE
	AOR	GDMA	TUG	RAAX	OCIO	MFUL	MPRO	INKM	RULE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

INKM	+ 0.96	MPRO
RULE	+ 0.95	MFUL
GDMA	+ 0.93	AOR
INKM	+ 0.92	MFUL
MFUL	+ 0.9	AOR
RULE	+ 0.89	INKM

High negative correlations

RAAX	- 0.38	TUG
MPRO	- 0.22	TUG
INKM	- 0.17	TUG

Brookstone Active Constituents Risk-Adjusted Indicators

There is a big difference between Brookstone Etf performing well and Brookstone Active 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 Brookstone Active'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
AOR	0.36	0.01	(0.09)	0.14	0.50	(0.38)	0.73	(0.65)	2.99
GDMA	0.40	0.02	(0.09)	0.18	0.53	(0.43)	0.82	(0.72)	3.15
TUG	0.92	0.10	0.01	(2.07)	1.15	(1.00)	1.80	(2.54)	6.46
RAAX	0.62	0.03	(0.05)	0.25	0.86	(0.60)	1.18	(1.31)	4.25
OCIO	0.43	0.03	(0.09)	1.30	0.55	(0.45)	0.88	(1.03)	3.04
MFUL	0.17	0.00	(0.34)	0.14	0.13	(0.23)	0.32	(0.28)	1.34
MPRO	0.36	(0.02)	(0.17)	0.01	0.50	(0.36)	0.73	(0.68)	2.39
INKM	0.31	(0.01)	(0.20)	0.06	0.35	(0.35)	0.66	(0.56)	1.98
RULE	0.75	0.05	0.00	0.22	1.04	(0.76)	1.52	(1.58)	5.41

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

2024 Macroaxis LLC