Barrons 400 Correlations

BFOR Etf

USD 82.82 0.47 0.57%

The current 90-days correlation between Barrons 400 ETF and ALPS ETF Trust is 0.08 (i.e., Significant diversification). The correlation of Barrons 400 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.

Barrons 400 Correlation With Market

Average diversification

The correlation between Barrons 400 ETF and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrons 400 ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Barrons Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrons 400 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 metropolitan statistical area.

Moving together with Barrons Etf

0.72	VO	Vanguard Mid Cap	Pair Corr
0.69	VXF	Vanguard Extended Market	Pair Corr
0.87	IJH	iShares Core SP	Pair Corr
0.81	IWR	iShares Russell Mid	Pair Corr
0.87	MDY	SPDR SP MIDCAP	Pair Corr
0.9	FV	First Trust Dorsey	Pair Corr
0.87	IVOO	Vanguard SP Mid	Pair Corr
0.88	JHMM	John Hancock Multifactor	Pair Corr
0.87	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.84	XMMO	Invesco SP MidCap	Pair Corr
0.75	TOT	Advisor Managed Port	Pair Corr
0.61	LUX	Tema Global	Pair Corr
0.73	FB	ProShares Trust ProShares	Pair Corr
0.69	SWP	SWP Growth Income	Pair Corr
0.8	DUKH	Ocean Park High	Pair Corr
0.81	AA	Alcoa Corp	Pair Corr
0.73	BAC	Bank of America	Pair Corr
0.62	MRK	Merck Company	Pair Corr

Moving against Barrons Etf

0.47	T	ATT Inc	Pair Corr
0.33	MSFT	Microsoft Sell-off Trend	Pair Corr

Related Correlations Analysis

	OGIG	TUR	SIXL	XPH	EDEN	XES	CZA	HEEM	DEUS	TBG
OGIG		-0.37	-0.44	-0.76	-0.18	-0.48	-0.43	-0.3	-0.22	-0.6	OGIG
TUR	-0.37		0.29	0.66	0.56	0.54	0.71	0.59	0.58	0.57	TUR
SIXL	-0.44	0.29		0.57	0.59	0.1	0.72	0.2	0.66	0.69	SIXL
XPH	-0.76	0.66	0.57		0.59	0.72	0.82	0.66	0.63	0.85	XPH
EDEN	-0.18	0.56	0.59	0.59		0.29	0.81	0.63	0.85	0.75	EDEN
XES	-0.48	0.54	0.1	0.72	0.29		0.62	0.81	0.36	0.5	XES
CZA	-0.43	0.71	0.72	0.82	0.81	0.62		0.74	0.85	0.83	CZA
HEEM	-0.3	0.59	0.2	0.66	0.63	0.81	0.74		0.59	0.55	HEEM
DEUS	-0.22	0.58	0.66	0.63	0.85	0.36	0.85	0.59		0.85	DEUS
TBG	-0.6	0.57	0.69	0.85	0.75	0.5	0.83	0.55	0.85		TBG
	OGIG	TUR	SIXL	XPH	EDEN	XES	CZA	HEEM	DEUS	TBG

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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

TBG	+ 0.85	XPH
DEUS	+ 0.85	EDEN
DEUS	+ 0.85	CZA
TBG	+ 0.85	DEUS
TBG	+ 0.83	CZA
CZA	+ 0.82	XPH

High negative correlations

XPH	- 0.76	OGIG
TBG	- 0.6	OGIG
XES	- 0.48	OGIG
SIXL	- 0.44	OGIG
CZA	- 0.43	OGIG
TUR	- 0.37	OGIG

Barrons 400 Constituents Risk-Adjusted Indicators

There is a big difference between Barrons Etf performing well and Barrons 400 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 Barrons 400'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
OGIG	0.96	(0.21)	0.00	(0.12)	0.00	0.00	1.63	(2.49)	5.33
TUR	0.79	0.05	(0.03)	(0.30)	0.97	(0.79)	1.70	(1.57)	4.89
SIXL	0.45	(0.04)	(0.12)	(0.02)	0.65	(0.48)	1.06	(0.79)	3.40
XPH	1.06	0.14	0.11	0.25	0.83	(1.27)	2.41	(1.87)	5.79
EDEN	0.83	0.01	0.02	0.09	0.74	(1.01)	2.19	(1.45)	4.65
XES	1.50	0.18	0.09	0.20	1.95	(1.50)	3.61	(3.57)	10.85
CZA	0.58	(0.01)	(0.02)	0.06	0.68	(0.59)	1.08	(0.99)	2.92
HEEM	0.72	0.08	0.07	0.17	0.72	(0.89)	1.76	(1.05)	4.33
DEUS	0.52	0.00	(0.09)	0.06	0.66	(0.52)	1.06	(1.04)	2.47
TBG	0.47	0.02	(0.09)	0.38	0.49	(0.55)	0.93	(0.89)	2.28

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