Arrow DWA Correlations

DWCR Etf

USD 28.48 0.10 0.35%

The current 90-days correlation between Arrow DWA Tactical and Arrow DWA Tactical is 0.26 (i.e., Modest diversification). The correlation of Arrow DWA 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.

Arrow DWA Correlation With Market

Modest diversification

The correlation between Arrow DWA Tactical and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow DWA Tactical 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 Arrow DWA Tactical. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Arrow Etf

0.96	VEA	Vanguard FTSE Developed	Pair Corr
0.97	IEFA	iShares Core MSCI	Pair Corr
0.82	VEU	Vanguard FTSE All	Pair Corr
0.98	EFA	iShares MSCI EAFE	Pair Corr
0.82	IXUS	iShares Core MSCI	Pair Corr
0.96	SPDW	SPDR SP World	Pair Corr
0.95	IDEV	iShares Core MSCI	Pair Corr
0.97	ESGD	iShares ESG Aware	Pair Corr
0.97	JIRE	JP Morgan Exchange	Pair Corr
0.81	DFAX	Dimensional World	Pair Corr
0.88	KO	Coca Cola Aggressive Push	Pair Corr
0.74	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Arrow Etf

0.82	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.78	YCS	ProShares UltraShort Yen	Pair Corr
0.74	TBT	ProShares UltraShort	Pair Corr
0.67	SGG	Barclays Capital	Pair Corr
0.67	AMZA	InfraCap MLP ETF	Pair Corr
0.61	DIG	ProShares Ultra Oil	Pair Corr
0.58	MLPR	ETRACS Quarterly Pay	Pair Corr
0.39	USD	ProShares Ultra Semi	Pair Corr
0.82	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.7	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.67	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.45	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.34	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	DWAT	DWMC	RNLC	FDTS	DVLU
DWAT		0.79	0.75	-0.25	0.91	DWAT
DWMC	0.79		0.92	-0.54	0.74	DWMC
RNLC	0.75	0.92		-0.7	0.72	RNLC
FDTS	-0.25	-0.54	-0.7		-0.2	FDTS
DVLU	0.91	0.74	0.72	-0.2		DVLU
	DWAT	DWMC	RNLC	FDTS	DVLU

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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

RNLC	+ 0.92	DWMC
DVLU	+ 0.91	DWAT
DWMC	+ 0.79	DWAT
RNLC	+ 0.75	DWAT
DVLU	+ 0.74	DWMC
DVLU	+ 0.72	RNLC

High negative correlations

FDTS	- 0.7	RNLC
FDTS	- 0.54	DWMC
FDTS	- 0.25	DWAT
DVLU	- 0.2	FDTS

Arrow DWA Constituents Risk-Adjusted Indicators

There is a big difference between Arrow Etf performing well and Arrow DWA 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 Arrow DWA'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
DWAT	0.64	(0.03)	(0.03)	0.10	0.73	(0.71)	1.29	(1.57)	5.24
DWMC	0.78	0.11	(0.04)	(0.32)	0.91	(0.84)	1.58	(1.39)	5.29
RNLC	0.69	0.13	(0.02)	(0.62)	0.65	(0.78)	1.31	(1.11)	2.80
FDTS	0.84	(0.10)	0.00	(0.06)	0.00	0.00	1.98	(2.06)	5.25
DVLU	0.77	(0.02)	0.00	0.11	0.78	(0.90)	1.66	(1.61)	4.45

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