AdvisorShares Focused Correlations

Etfs . USA . 
Etf . AdvisorShares Focused Equity
CWS Etf  USD 68.31  1.02  1.52%   
The correlation of AdvisorShares Focused 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.

AdvisorShares Focused Correlation With Market

Weak diversification

The correlation between AdvisorShares Focused Equity and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AdvisorShares Focused Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AdvisorShares Focused Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with AdvisorShares Etf

  0.75VO Vanguard Mid CapPairCorr
  0.77IJH iShares Core SPPairCorr
  0.75IWR iShares Russell MidPairCorr
  0.77MDY SPDR SP MIDCAPPairCorr
  0.75IVOO Vanguard SP MidPairCorr
  0.77JHMM John Hancock MultifactorPairCorr
  0.65BBMC JPMorgan BetaBuilders MidPairCorr
  0.66XMMO Invesco SP MidCapPairCorr
  0.64RFDA RiverFront DynamicPairCorr
  0.87DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.67HD Home DepotPairCorr
  0.62JNJ Johnson JohnsonPairCorr
  0.82AA Alcoa CorpPairCorr
  0.65CVX Chevron Corp Earnings Call TomorrowPairCorr
  0.62PG Procter GamblePairCorr
  0.85CAT Caterpillar Earnings Call This WeekPairCorr
  0.81XOM Exxon Mobil Corp Earnings Call TomorrowPairCorr

Moving against AdvisorShares Etf

  0.62SPAQ Horizon Kinetics SPACPairCorr
  0.56PULS PGIM Ultra ShortPairCorr

Related Correlations Analysis

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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   
HEAT
+ 0.3
CMFO
CMFO
+ 0.0
YUII
ZSTN
+ 0.0
YUII
PUDA
+ 0.0
YUII
HEAT
+ 0.0
YUII
ZSTN
+ 0.0
CMFO
  
High negative correlations   
HEAT
- 0.0
PUDA
HEAT
- 0.0
ZSTN
PUDA
- 0.0
ZSTN
PUDA
- 0.0
CMFO
ZSTN
- 0.0
CMFO
HEAT
- 0.0
YUII

AdvisorShares Focused Constituents Risk-Adjusted Indicators

There is a big difference between AdvisorShares Etf performing well and AdvisorShares Focused 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 AdvisorShares Focused'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.

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