TrimTabs Donoghue Correlations

DFNV Etf

USD 37.05 0.14 0.38%

The current 90-days correlation between TrimTabs Donoghue and Nexalin Technology is 0.11 (i.e., Average diversification). The correlation of TrimTabs Donoghue 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.

TrimTabs Donoghue Correlation With Market

Poor diversification

The correlation between TrimTabs Donoghue Forlines and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TrimTabs Donoghue Forlines and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in TrimTabs Donoghue Forlines. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with TrimTabs Etf

0.96	VGT	Vanguard Information	Pair Corr
0.9	XLK	Technology Select Sector	Pair Corr
0.95	IYW	iShares Technology ETF	Pair Corr
0.61	SMH	VanEck Semiconductor ETF	Pair Corr
0.91	CIBR	First Trust NASDAQ	Pair Corr
0.96	FTEC	Fidelity MSCI Information	Pair Corr
0.97	IGV	iShares Expanded Tech	Pair Corr
0.98	FDN	First Trust Dow	Pair Corr
0.96	IGM	iShares Expanded Tech	Pair Corr
0.61	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.78	XOP	SPDR SP Oil	Pair Corr
0.97	IYC	iShares Consumer Dis	Pair Corr
0.99	VTI	Vanguard Total Stock	Pair Corr
0.98	VBK	Vanguard Small Cap	Pair Corr
0.8	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.86	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.86	DIS	Walt Disney Sell-off Trend	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.92	BAC	Bank of America Aggressive Push	Pair Corr
0.9	WMT	Walmart Aggressive Push	Pair Corr

Moving against TrimTabs Etf

0.72	AIVI	WisdomTree International	Pair Corr
0.61	WTRE	WisdomTree New Economy	Pair Corr
0.46	VPL	Vanguard FTSE Pacific	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.85	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	NXL	KRC	HIW	KRT	RA
NXL		0.49	-0.1	0.89	0.05	NXL
KRC	0.49		0.73	0.67	0.6	KRC
HIW	-0.1	0.73		0.07	0.42	HIW
KRT	0.89	0.67	0.07		0.34	KRT
RA	0.05	0.6	0.42	0.34		RA
	NXL	KRC	HIW	KRT	RA

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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

KRT	+ 0.89	NXL
HIW	+ 0.73	KRC
KRT	+ 0.67	KRC
RA	+ 0.6	KRC
KRC	+ 0.49	NXL
RA	+ 0.42	HIW

High negative correlations

HIW

- 0.1

NXL

TrimTabs Donoghue Constituents Risk-Adjusted Indicators

There is a big difference between TrimTabs Etf performing well and TrimTabs Donoghue 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 TrimTabs Donoghue'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
NXL	8.42	2.79	0.36	2.37	6.61	(10.91)	25.71	(12.22)	71.17
KRC	1.39	0.09	0.07	0.20	1.37	(1.63)	3.38	(2.85)	7.68
HIW	0.93	(0.03)	(0.06)	0.07	1.16	(0.93)	1.73	(2.16)	5.78
KRT	1.19	0.07	0.12	0.17	0.98	(1.35)	3.17	(1.89)	11.75
RA	0.37	0.03	(0.15)	0.31	0.39	(0.40)	0.83	(0.82)	2.11

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