3EDGE Dynamic Correlations

EDGF Etf

24.69 0.05 0.20%

The current 90-days correlation between 3EDGE Dynamic Fixed and iShares MSCI Peru is -0.01 (i.e., Good diversification). The correlation of 3EDGE Dynamic 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.

3EDGE Dynamic Correlation With Market

Very weak diversification

The correlation between 3EDGE Dynamic Fixed and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 3EDGE Dynamic Fixed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with 3EDGE Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 3EDGE Dynamic Fixed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with 3EDGE Etf

0.71	BND	Vanguard Total Bond	Pair Corr
0.75	UITB	VictoryShares USAA Core	Pair Corr
0.62	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.62	NUGT	Direxion Daily Gold	Pair Corr
0.61	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Moving against 3EDGE Etf

0.54	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.52	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.41	NVDL	GraniteShares 15x Long Aggressive Push	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.61	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	EDGH	SPUU	TAXX	SIXL	BVAL	RMOP	MGNR	QHY	TUG	EPU
EDGH		0.54	0.91	0.86	0.87	0.66	0.96	0.83	0.34	0.97	EDGH
SPUU	0.54		0.62	0.46	0.81	0.45	0.64	0.71	0.92	0.62	SPUU
TAXX	0.91	0.62		0.8	0.92	0.8	0.93	0.89	0.38	0.96	TAXX
SIXL	0.86	0.46	0.8		0.81	0.65	0.86	0.82	0.21	0.83	SIXL
BVAL	0.87	0.81	0.92	0.81		0.71	0.93	0.95	0.56	0.92	BVAL
RMOP	0.66	0.45	0.8	0.65	0.71		0.68	0.69	0.21	0.71	RMOP
MGNR	0.96	0.64	0.93	0.86	0.93	0.68		0.89	0.44	0.97	MGNR
QHY	0.83	0.71	0.89	0.82	0.95	0.69	0.89		0.45	0.86	QHY
TUG	0.34	0.92	0.38	0.21	0.56	0.21	0.44	0.45		0.42	TUG
EPU	0.97	0.62	0.96	0.83	0.92	0.71	0.97	0.86	0.42		EPU
	EDGH	SPUU	TAXX	SIXL	BVAL	RMOP	MGNR	QHY	TUG	EPU

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3EDGE Dynamic Constituents Risk-Adjusted Indicators

There is a big difference between 3EDGE Etf performing well and 3EDGE Dynamic 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 3EDGE Dynamic'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
EDGH	0.72	0.27	0.26	1.54	0.51	(0.84)	1.77	(0.94)	4.54
SPUU	1.06	(0.02)	0.00	0.04	1.62	(0.99)	2.29	(2.39)	7.03
TAXX	0.05	0.00	(0.45)	0.35	0.00	(0.06)	0.14	(0.08)	0.61
SIXL	0.46	0.02	(0.03)	0.22	0.57	(0.55)	1.10	(0.79)	3.41
BVAL	0.50	0.03	0.03	0.09	0.51	(0.55)	1.12	(1.06)	2.92
RMOP	0.13	(0.01)	(0.30)	(0.15)	0.17	(0.14)	0.28	(0.32)	0.84
MGNR	1.06	0.30	0.20	0.35	1.17	(1.15)	2.17	(1.65)	6.14
QHY	0.13	0.00	(0.23)	0.06	0.10	(0.14)	0.33	(0.26)	0.83
TUG	0.77	(0.01)	(0.02)	0.04	1.12	(0.73)	1.38	(1.95)	5.00
EPU	1.16	0.61	0.38	6.92	0.86	(1.39)	2.53	(2.47)	5.10

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