Fm Compoundr Correlations

CPAG Etf

102.36 0.23 0.23%

The current 90-days correlation between Fm Compoundr Aggregate and First Trust RiverFront is 0.2 (i.e., Modest diversification). The correlation of Fm Compoundr 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.

Fm Compoundr Correlation With Market

Average diversification

The correlation between Fm Compoundr Aggregate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fm Compoundr Aggregate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CPAG Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fm Compoundr Aggregate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with CPAG Etf

0.99	BND	Vanguard Total Bond	Pair Corr
0.64	AGG	iShares Core Aggregate	Pair Corr
0.65	SPAB	SPDR Portfolio Aggregate	Pair Corr
0.99	EAGG	iShares ESG Aggregate	Pair Corr
0.99	FLCB	Franklin Templeton ETF	Pair Corr
0.86	UITB	VictoryShares USAA Core	Pair Corr
0.97	DFCF	Dimensional ETF Trust	Pair Corr
0.86	JAGG	JPMorgan BetaBuilders	Pair Corr
0.98	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.73	MYCI	SPDR SSGA My2029	Pair Corr
0.96	XSVN	Bondbloxx ETF Trust	Pair Corr

Related Correlations Analysis

	RFEU	BRAZ	NFXS	UJB	NSCR	USVN	SCDS	MCDS	EMDV	ULE
RFEU		0.63	0.79	0.63	0.81	0.46	0.74	0.7	0.8	0.16	RFEU
BRAZ	0.63		0.64	0.44	0.59	0.33	0.43	0.34	0.88	-0.02	BRAZ
NFXS	0.79	0.64		0.59	0.63	0.34	0.72	0.62	0.72	0.23	NFXS
UJB	0.63	0.44	0.59		0.73	0.25	0.87	0.87	0.48	0.57	UJB
NSCR	0.81	0.59	0.63	0.73		0.22	0.81	0.76	0.69	0.11	NSCR
USVN	0.46	0.33	0.34	0.25	0.22		0.26	0.11	0.51	-0.24	USVN
SCDS	0.74	0.43	0.72	0.87	0.81	0.26		0.94	0.52	0.43	SCDS
MCDS	0.7	0.34	0.62	0.87	0.76	0.11	0.94		0.41	0.56	MCDS
EMDV	0.8	0.88	0.72	0.48	0.69	0.51	0.52	0.41		-0.08	EMDV
ULE	0.16	-0.02	0.23	0.57	0.11	-0.24	0.43	0.56	-0.08		ULE
	RFEU	BRAZ	NFXS	UJB	NSCR	USVN	SCDS	MCDS	EMDV	ULE

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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

MCDS	+ 0.94	SCDS
EMDV	+ 0.88	BRAZ
SCDS	+ 0.87	UJB
MCDS	+ 0.87	UJB
NSCR	+ 0.81	RFEU
SCDS	+ 0.81	NSCR

High negative correlations

ULE	- 0.24	USVN
ULE	- 0.08	EMDV
ULE	- 0.02	BRAZ

Fm Compoundr Constituents Risk-Adjusted Indicators

There is a big difference between CPAG Etf performing well and Fm Compoundr 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 Fm Compoundr'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
RFEU	0.51	0.06	0.05	0.16	0.47	(0.56)	1.11	(0.86)	2.66
BRAZ	1.08	0.01	0.00	0.08	1.65	(1.07)	1.94	(2.24)	9.07
NFXS	1.52	0.42	0.20	(1.04)	1.23	(1.85)	3.85	(2.55)	13.79
UJB	0.32	(0.02)	(0.14)	0.02	0.38	(0.34)	0.65	(0.59)	2.04
NSCR	0.63	(0.01)	(0.02)	0.06	0.94	(0.58)	1.37	(1.36)	3.60
USVN	0.18	0.00	(0.30)	0.14	0.19	(0.19)	0.33	(0.33)	1.17
SCDS	0.85	(0.03)	(0.01)	0.04	1.08	(0.90)	1.77	(1.79)	5.01
MCDS	0.63	(0.02)	(0.03)	0.04	0.84	(0.60)	1.34	(1.28)	3.52
EMDV	0.46	0.01	(0.04)	0.11	0.59	(0.49)	0.83	(0.77)	4.27
ULE	0.54	(0.03)	0.00	(0.22)	0.00	0.00	1.08	(1.15)	2.61

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