Capital Group Correlations
| CGCB Etf | 26.48 0.03 0.11% |
The current 90-days correlation between Capital Group Fixed and iShares Morningstar Growth is 0.14 (i.e., Average diversification). The correlation of Capital Group 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.
Capital Group Correlation With Market
Very weak diversification
The correlation between Capital Group Fixed and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Fixed and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Capital Etf
| 0.95 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.97 | AGG | iShares Core Aggregate Sell-off Trend | PairCorr |
| 0.68 | BIV | Vanguard Intermediate Sell-off Trend | PairCorr |
| 0.96 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
| 0.74 | EAGG | iShares ESG Aggregate | PairCorr |
| 0.76 | FLCB | Franklin Templeton ETF | PairCorr |
| 0.94 | UITB | VictoryShares USAA Core | PairCorr |
| 0.93 | DFCF | Dimensional ETF Trust | PairCorr |
| 0.61 | JAGG | JPMorgan BetaBuilders | PairCorr |
| 0.65 | AGGY | WisdomTree Yield Enhanced | PairCorr |
| 0.69 | VTV | Vanguard Value Index | PairCorr |
| 0.61 | VO | Vanguard Mid Cap | PairCorr |
| 0.69 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.64 | VB | Vanguard Small Cap | PairCorr |
| 0.61 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.65 | MCDS | JPMorgan Fundamental Data | PairCorr |
| 0.65 | AA | Alcoa Corp | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
Moving against Capital Etf
Related Correlations Analysis
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
| High negative correlations
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Capital Group Competition Risk-Adjusted Indicators
There is a big difference between Capital Etf performing well and Capital Group 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 Capital Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.63 | (0.12) | 0.00 | (0.07) | 0.00 | 3.43 | 13.36 | |||
| MSFT | 1.22 | (0.37) | 0.00 | (2.30) | 0.00 | 1.78 | 13.28 | |||
| UBER | 1.46 | (0.27) | 0.00 | (0.31) | 0.00 | 2.46 | 10.23 | |||
| F | 1.23 | 0.05 | 0.04 | 0.09 | 1.22 | 3.38 | 7.16 | |||
| T | 0.96 | 0.04 | 0.01 | 0.21 | 1.04 | 1.85 | 3.77 | |||
| A | 1.20 | (0.17) | 0.00 | (0.08) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.54 | (0.31) | 0.00 | (0.26) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.09 | 0.02 | (0.02) | (0.11) | 1.67 | 1.88 | 7.38 | |||
| MRK | 1.28 | 0.33 | 0.23 | 0.52 | 1.13 | 3.59 | 8.09 | |||
| XOM | 1.10 | 0.29 | 0.19 | 15.60 | 1.03 | 2.38 | 5.82 |