Congress Large Correlations

CAML Etf

38.86 0.33 0.86%

The current 90-days correlation between Congress Large Cap and The Advisors Inner is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Congress Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Congress Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Congress Large Correlation With Market

Poor diversification

The correlation between Congress Large Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Congress Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Congress Large Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Congress Etf

0.87	IWF	iShares Russell 1000	Pair Corr
0.71	IVW	iShares SP 500	Pair Corr
0.69	SPYG	SPDR Portfolio SP	Pair Corr
0.7	IUSG	iShares Core SP	Pair Corr
0.86	VONG	Vanguard Russell 1000	Pair Corr
0.71	MGK	Vanguard Mega Cap	Pair Corr
0.87	VRGWX	Vanguard Russell 1000	Pair Corr
0.75	QQQM	Invesco NASDAQ 100	Pair Corr
0.85	IWY	iShares Russell Top	Pair Corr
0.66	INTC	Intel Aggressive Push	Pair Corr

Moving against Congress Etf

0.32	TOAK	Manager Directed Por	Pair Corr
0.49	JNJ	Johnson Johnson	Pair Corr
0.41	VZ	Verizon Communications	Pair Corr
0.35	MRK	Merck Company	Pair Corr
0.33	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	CARK	QQQH	QFLR	QDVO	FTXL	CSMD	FIXT	BAPR	CEFS	BBLU
CARK		0.81	0.62	0.75	0.5	0.66	0.17	0.31	0.46	0.73	CARK
QQQH	0.81		0.93	0.93	0.85	0.28	0.35	0.75	0.76	0.94	QQQH
QFLR	0.62	0.93		0.92	0.9	0.05	0.31	0.8	0.75	0.89	QFLR
QDVO	0.75	0.93	0.92		0.8	0.11	0.33	0.7	0.67	0.91	QDVO
FTXL	0.5	0.85	0.9	0.8		-0.05	0.34	0.9	0.83	0.83	FTXL
CSMD	0.66	0.28	0.05	0.11	-0.05		0.09	-0.21	0.03	0.21	CSMD
FIXT	0.17	0.35	0.31	0.33	0.34	0.09		0.42	0.39	0.47	FIXT
BAPR	0.31	0.75	0.8	0.7	0.9	-0.21	0.42		0.87	0.79	BAPR
CEFS	0.46	0.76	0.75	0.67	0.83	0.03	0.39	0.87		0.79	CEFS
BBLU	0.73	0.94	0.89	0.91	0.83	0.21	0.47	0.79	0.79		BBLU
	CARK	QQQH	QFLR	QDVO	FTXL	CSMD	FIXT	BAPR	CEFS	BBLU

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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

BBLU	+ 0.94	QQQH
QFLR	+ 0.93	QQQH
QDVO	+ 0.93	QQQH
QDVO	+ 0.92	QFLR
BBLU	+ 0.91	QDVO
FTXL	+ 0.9	QFLR

High negative correlations

BAPR	- 0.21	CSMD
CSMD	- 0.05	FTXL

Congress Large Constituents Risk-Adjusted Indicators

There is a big difference between Congress Etf performing well and Congress Large 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 Congress Large'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
CARK	0.83	(0.06)	(0.04)	0.03	1.29	(0.76)	1.64	(2.01)	4.82
QQQH	0.53	(0.03)	(0.07)	0.05	0.70	(0.52)	1.03	(1.34)	3.14
QFLR	0.61	(0.01)	(0.03)	0.07	0.84	(0.62)	1.07	(1.58)	4.00
QDVO	0.62	(0.02)	(0.05)	0.06	0.89	(0.64)	1.28	(1.47)	3.67
FTXL	1.91	0.17	0.10	0.17	2.33	(2.05)	4.19	(4.41)	9.99
CSMD	0.99	(0.15)	0.00	(0.02)	0.00	0.00	1.86	(2.43)	6.58
FIXT	0.16	0.00	(0.36)	0.05	0.18	(0.16)	0.34	(0.34)	1.02
BAPR	0.19	0.01	(0.16)	0.11	0.20	(0.19)	0.49	(0.51)	1.18
CEFS	0.46	0.02	(0.07)	0.13	0.44	(0.51)	0.99	(0.71)	2.82
BBLU	0.57	(0.03)	(0.06)	0.05	0.70	(0.62)	1.20	(0.85)	3.13

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