Brookstone Active Correlations

BAMA Etf

34.39 0.02 0.06%

The current 90-days correlation between Brookstone Active ETF and AIM ETF Products is 0.96 (i.e., Almost no 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

Almost no diversification

The correlation between Brookstone Active ETF and DJI is 0.93 (i.e., Almost no 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.

Build AI portfolio with Brookstone Etf

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 state.

Moving together with Brookstone Etf

0.96	HF	DGA Core Plus	Pair Corr
0.99	OCIO	ClearShares OCIO ETF	Pair Corr
0.94	MFUL	Collaborative Investment	Pair Corr
0.76	MPRO	Northern Lights	Pair Corr
0.92	RULE	Collaborative Investment	Pair Corr
0.87	UPAR	Tidal ETF Trust	Pair Corr
0.97	CLSM	Cabana Target Leading	Pair Corr
0.91	MSMR	ETF Series Solutions	Pair Corr
0.92	INTL	Main International ETF	Pair Corr
0.94	PCLN	2023 ETF	Pair Corr
0.85	JPST	JPMorgan Ultra Short	Pair Corr
0.84	IGLD	FT Cboe Vest Low Volatility	Pair Corr
0.88	WTRE	WisdomTree New Economy	Pair Corr
0.93	GAPR	First Trust Exchange	Pair Corr
0.89	FNDC	Schwab Fundamental	Pair Corr
0.92	PFF	iShares Preferred	Pair Corr
0.91	SCZ	iShares MSCI EAFE	Pair Corr
0.61	DOGG	First Trust Exchange	Pair Corr
0.97	TOCT	Innovator Equity Defined	Pair Corr
0.89	PCEM	Litman Gregory Funds	Pair Corr
0.91	WLDR	Affinity World Leaders	Pair Corr
0.94	JANW	AIM ETF Products	Pair Corr
0.85	QLV	FlexShares Quality Low	Pair Corr
0.84	IAUM	iShares Gold Trust	Pair Corr
0.86	GENW	Spinnaker ETF Series	Pair Corr
0.85	JPIE	JP Morgan Exchange	Pair Corr
0.86	TAXT	Northern Trust Tax	Pair Corr
0.61	BBH	VanEck Biotech ETF	Pair Corr
0.94	PMAY	Innovator SP 500	Pair Corr
0.84	BSMS	Invesco BulletShares 2028	Pair Corr
0.89	CTEX	ProShares SP Kensho	Pair Corr
0.95	TLCI	Touchstone ETF Trust	Pair Corr
0.92	XYLD	Global X SP	Pair Corr
0.92	ESML	iShares ESG Aware	Pair Corr
0.88	WDNA	WisdomTree BioRevolution	Pair Corr

Moving against Brookstone Etf

0.62

FRHC

Freedom Holding Corp

Pair Corr

Related Correlations Analysis

	BAMO	ARP	QVOY	ITDD	BAMY	AFSM	ITAN	RSMV	IHY	OCTT
BAMO		0.82	0.25	0.93	0.97	0.94	0.98	0.9	0.87	0.99	BAMO
ARP	0.82		0.36	0.95	0.85	0.88	0.81	0.69	0.96	0.81	ARP
QVOY	0.25	0.36		0.28	0.18	0.39	0.22	0.25	0.22	0.24	QVOY
ITDD	0.93	0.95	0.28		0.94	0.94	0.91	0.79	0.95	0.92	ITDD
BAMY	0.97	0.85	0.18	0.94		0.95	0.97	0.88	0.92	0.95	BAMY
AFSM	0.94	0.88	0.39	0.94	0.95		0.95	0.85	0.91	0.91	AFSM
ITAN	0.98	0.81	0.22	0.91	0.97	0.95		0.9	0.87	0.96	ITAN
RSMV	0.9	0.69	0.25	0.79	0.88	0.85	0.9		0.73	0.92	RSMV
IHY	0.87	0.96	0.22	0.95	0.92	0.91	0.87	0.73		0.85	IHY
OCTT	0.99	0.81	0.24	0.92	0.95	0.91	0.96	0.92	0.85		OCTT
	BAMO	ARP	QVOY	ITDD	BAMY	AFSM	ITAN	RSMV	IHY	OCTT

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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
BAMO	0.32	(0.01)	(0.09)	0.04	0.39	(0.35)	0.63	(0.68)	2.32
ARP	0.68	0.10	0.06	0.22	1.02	(0.68)	1.56	(1.62)	6.24
QVOY	0.95	(0.06)	(0.03)	0.00	1.95	(0.86)	1.58	(3.09)	8.88
ITDD	0.41	0.02	(0.01)	0.10	0.49	(0.40)	0.73	(0.84)	2.41
BAMY	0.16	0.01	(0.13)	0.13	0.11	(0.19)	0.40	(0.33)	1.07
AFSM	0.79	0.04	0.04	0.10	0.82	(0.85)	1.99	(1.79)	5.09
ITAN	0.69	0.00	0.00	0.06	0.84	(0.66)	1.84	(1.78)	4.11
RSMV	0.58	(0.02)	(0.05)	0.03	0.73	(0.61)	1.20	(1.29)	2.93
IHY	0.20	0.03	(0.09)	0.35	0.00	(0.24)	0.46	(0.37)	1.12
OCTT	0.35	(0.02)	(0.10)	0.01	0.54	(0.32)	0.62	(1.01)	2.50

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