Brompton Enhanced Correlations

BMAX Etf

14.43 0.02 0.14%

The current 90-days correlation between Brompton Enhanced Multi and Forstrong Global Income is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brompton Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Enhanced Multi Asset moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brompton Enhanced Correlation With Market

Very weak diversification

The correlation between Brompton Enhanced Multi Asset and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brompton Enhanced Multi Asset and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brompton Enhanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Enhanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brompton Enhanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brompton Enhanced Multi Asset to buy it.

Moving together with Brompton Etf

0.96	IGAF	IA Clarington Loomis	Pair Corr
0.98	VGRO	Vanguard Growth Portfolio	Pair Corr
0.98	XGRO	iShares Core Growth	Pair Corr
0.91	PLV	Invesco Low Volatility	Pair Corr
0.98	GGRO	iShares ESG Growth	Pair Corr
0.98	ZGRO	BMO Growth ETF	Pair Corr
0.96	HBAL	Global X Balanced	Pair Corr
0.95	TOCM	TD One Click	Pair Corr
0.97	MGRW	Mackenzie Growth All	Pair Corr
0.89	CBCX	CI Galaxy Blockchain	Pair Corr
0.85	EBIT	Bitcoin ETF CAD	Pair Corr
0.85	BTCQ	3iQ Bitcoin ETF	Pair Corr
0.84	BTCC	Purpose Bitcoin CAD	Pair Corr
0.84	FBTC	Fidelity Advantage	Pair Corr
0.85	ETC	Evolve Cryptocurrencies	Pair Corr
0.86	BTCY	Purpose Bitcoin Yield	Pair Corr
0.85	BITC	Ninepoint Bitcoin ETF	Pair Corr
0.95	HFU	BetaPro SPTSX Capped	Pair Corr
0.83	ETHQ	3iQ CoinShares Ether	Pair Corr

Related Correlations Analysis

	FINC	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU	ERE-UN	CLU
FINC		0.57	0.48	-0.27	0.72	-0.5	0.18	-0.76	0.56	0.59	FINC
XHB	0.57		0.23	-0.51	0.66	-0.12	-0.08	-0.68	0.81	0.7	XHB
EDGF	0.48	0.23		0.11	0.23	-0.34	0.32	-0.13	0.05	0.18	EDGF
SOLR	-0.27	-0.51	0.11		-0.64	-0.12	0.18	0.56	-0.65	-0.67	SOLR
0P0000OXA6	0.72	0.66	0.23	-0.64		-0.18	-0.24	-0.72	0.81	0.92	0P0000OXA6
ALA-PA	-0.5	-0.12	-0.34	-0.12	-0.18		-0.25	0.33	-0.05	-0.04	ALA-PA
ECO	0.18	-0.08	0.32	0.18	-0.24	-0.25		0.05	-0.13	-0.19	ECO
TKU	-0.76	-0.68	-0.13	0.56	-0.72	0.33	0.05		-0.76	-0.69	TKU
ERE-UN	0.56	0.81	0.05	-0.65	0.81	-0.05	-0.13	-0.76		0.89	ERE-UN
CLU	0.59	0.7	0.18	-0.67	0.92	-0.04	-0.19	-0.69	0.89		CLU
	FINC	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU	ERE-UN	CLU

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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

CLU	+ 0.92	0P0000OXA6
CLU	+ 0.89	ERE-UN
ERE-UN	+ 0.81	XHB
ERE-UN	+ 0.81	0P0000OXA6
0P0000OXA6	+ 0.72	FINC
CLU	+ 0.7	XHB

High negative correlations

ERE-UN	- 0.76	TKU
TKU	- 0.76	FINC
TKU	- 0.72	0P0000OXA6
CLU	- 0.69	TKU
TKU	- 0.68	XHB
CLU	- 0.67	SOLR

Brompton Enhanced Constituents Risk-Adjusted Indicators

There is a big difference between Brompton Etf performing well and Brompton Enhanced 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 Brompton Enhanced'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
FINC	0.11	0.01	0.00	0.60	0.00	0.00	0.37	0.00	2.23
XHB	0.21	0.03	(0.38)	0.34	0.00	(0.29)	0.52	(0.31)	1.07
EDGF	0.83	0.00	(0.07)	0.20	1.13	(1.21)	2.20	(1.86)	6.42
SOLR	6.76	0.09	0.00	0.21	8.90	(25.00)	25.00	(20.00)	58.33
0P0000OXA6	0.51	0.12	0.01	1.15	0.47	(0.56)	1.15	(1.18)	4.34
ALA-PA	0.53	0.02	(0.13)	0.30	0.64	(0.62)	1.15	(1.45)	3.73
ECO	1.52	0.06	(0.06)	0.01	1.91	(1.74)	3.84	(3.00)	11.63
TKU	7.01	0.56	0.01	(0.21)	9.88	(38.89)	33.33	(25.00)	83.33
ERE-UN	1.42	0.31	0.29	0.30	0.76	(1.88)	3.40	(1.58)	20.23
CLU	0.48	0.06	(0.03)	0.28	0.34	(0.69)	0.92	(0.97)	4.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brompton Enhanced without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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