AdvisorShares Focused Correlations

CWS Etf

USD 66.35 0.84 1.25%

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

Very weak diversification

The correlation between AdvisorShares Focused Equity and DJI is 0.5 (i.e., Very 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.

Build AI portfolio with AdvisorShares Etf

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 manufacturing.

Moving together with AdvisorShares Etf

0.67	VXF	Vanguard Extended Market	Pair Corr
0.61	TECL	Direxion Daily Technology	Pair Corr
0.64	ROM	ProShares Ultra Tech	Pair Corr
0.67	QLD	ProShares Ultra QQQ	Pair Corr
0.66	UPRO	ProShares UltraPro SP500	Pair Corr
0.66	SPXL	Direxion Daily SP500	Pair Corr
0.72	VBK	Vanguard Small Cap	Pair Corr
0.64	DIS	Walt Disney	Pair Corr

Moving against AdvisorShares Etf

0.72	T	ATT Inc Aggressive Push	Pair Corr
0.48	VZ	Verizon Communications Aggressive Push	Pair Corr
0.38	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ROE	BVAL	NFTY	LFGY	CZA	OVL	NZAC	BKCI	BFOR	POWA
ROE		0.97	-0.31	0.02	0.68	0.91	0.89	0.75	0.97	0.93	ROE
BVAL	0.97		-0.25	-0.07	0.68	0.86	0.83	0.71	0.97	0.91	BVAL
NFTY	-0.31	-0.25		-0.2	-0.34	-0.25	-0.24	-0.35	-0.36	-0.43	NFTY
LFGY	0.02	-0.07	-0.2		-0.44	0.02	0.05	-0.1	-0.01	0.03	LFGY
CZA	0.68	0.68	-0.34	-0.44		0.7	0.69	0.87	0.72	0.7	CZA
OVL	0.91	0.86	-0.25	0.02	0.7		0.98	0.8	0.89	0.86	OVL
NZAC	0.89	0.83	-0.24	0.05	0.69	0.98		0.82	0.87	0.83	NZAC
BKCI	0.75	0.71	-0.35	-0.1	0.87	0.8	0.82		0.76	0.75	BKCI
BFOR	0.97	0.97	-0.36	-0.01	0.72	0.89	0.87	0.76		0.94	BFOR
POWA	0.93	0.91	-0.43	0.03	0.7	0.86	0.83	0.75	0.94		POWA
	ROE	BVAL	NFTY	LFGY	CZA	OVL	NZAC	BKCI	BFOR	POWA

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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

NZAC	+ 0.98	OVL
BVAL	+ 0.97	ROE
BFOR	+ 0.97	ROE
BFOR	+ 0.97	BVAL
POWA	+ 0.94	BFOR
POWA	+ 0.93	ROE

High negative correlations

CZA	- 0.44	LFGY
POWA	- 0.43	NFTY
BFOR	- 0.36	NFTY
BKCI	- 0.35	NFTY
CZA	- 0.34	NFTY
NFTY	- 0.31	ROE

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ROE	0.75	0.07	0.06	0.15	0.86	(0.80)	1.39	(1.66)	3.50
BVAL	0.51	0.05	0.04	0.15	0.44	(0.60)	1.15	(1.05)	2.92
NFTY	0.59	(0.04)	0.00	(0.07)	0.00	0.00	0.82	(0.94)	4.61
LFGY	1.99	(0.38)	0.00	(1.25)	0.00	0.00	3.85	(5.56)	12.47
CZA	0.60	0.12	0.07	36.38	0.51	(0.69)	1.47	(1.09)	3.58
OVL	0.71	(0.02)	(0.03)	0.05	1.00	(0.69)	1.41	(1.59)	5.10
NZAC	0.58	(0.03)	(0.06)	0.03	0.82	(0.53)	0.96	(1.28)	3.48
BKCI	0.62	0.06	(0.01)	7.04	0.80	(0.62)	1.23	(1.57)	3.88
BFOR	0.71	0.08	0.08	0.16	0.64	(0.84)	1.77	(1.45)	4.27
POWA	0.58	0.01	(0.02)	0.09	0.60	(0.64)	1.61	(0.94)	3.80

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