3EDGE Dynamic Correlations

EDGF Etf

24.59 0.02 0.08%

The current 90-days correlation between 3EDGE Dynamic Fixed and MFS Active Exchange 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

Significant diversification

The correlation between 3EDGE Dynamic Fixed and DJI is 0.04 (i.e., Significant 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.

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 price.

Moving together with 3EDGE Etf

0.96	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.61	VTV	Vanguard Value Index	Pair Corr
0.7	VEA	Vanguard FTSE Developed	Pair Corr
0.83	PMBS	PIMCO Mortgage Backed Sell-off Trend	Pair Corr
0.66	QQEW	First Trust NASDAQ	Pair Corr
0.63	VZ	Verizon Communications	Pair Corr
0.69	HD	Home Depot	Pair Corr

Moving against 3EDGE Etf

0.47

AMPD

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Pair Corr

Related Correlations Analysis

	MFSB	MGOV	VGIT	VGLT	VGSH	DUKZ	DYFI	EDGF	EFIX
MFSB		-0.14	-0.13	-0.2	0.01	-0.15	-0.1	-0.15	-0.02	MFSB
MGOV	-0.14		0.97	0.85	-0.02	0.8	0.44	0.97	0.46	MGOV
VGIT	-0.13	0.97		0.8	0.07	0.72	0.39	0.96	0.44	VGIT
VGLT	-0.2	0.85	0.8		-0.42	0.7	0.14	0.79	0.16	VGLT
VGSH	0.01	-0.02	0.07	-0.42		-0.1	0.56	0.11	0.55	VGSH
DUKZ	-0.15	0.8	0.72	0.7	-0.1		0.65	0.74	0.47	DUKZ
DYFI	-0.1	0.44	0.39	0.14	0.56	0.65		0.5	0.73	DYFI
EDGF	-0.15	0.97	0.96	0.79	0.11	0.74	0.5		0.53	EDGF
EFIX	-0.02	0.46	0.44	0.16	0.55	0.47	0.73	0.53		EFIX
	MFSB	MGOV	VGIT	VGLT	VGSH	DUKZ	DYFI	EDGF	EFIX

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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

VGIT	+ 0.97	MGOV
EDGF	+ 0.97	MGOV
EDGF	+ 0.96	VGIT
VGLT	+ 0.85	MGOV
DUKZ	+ 0.8	MGOV
VGLT	+ 0.8	VGIT

High negative correlations

VGSH	- 0.42	VGLT
VGLT	- 0.2	MFSB
EDGF	- 0.15	MFSB
DUKZ	- 0.15	MFSB
MGOV	- 0.14	MFSB
VGIT	- 0.13	MFSB

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
MFSB	0.22	(0.05)	0.00	(4.79)	0.00	0.00	0.41	(0.57)	0.99
MGOV	0.27	0.00	0.00	0.00	0.00	0.00	0.61	(0.56)	1.97
VGIT	0.19	(0.01)	0.00	1.69	0.00	0.00	0.43	(0.40)	1.31
VGLT	0.59	(0.07)	0.00	(0.28)	0.00	0.00	1.21	(1.21)	3.69
VGSH	0.06	0.00	(0.84)	(0.24)	0.00	(0.08)	0.16	(0.14)	0.35
DUKZ	0.18	(0.01)	(0.27)	(0.86)	0.24	(0.20)	0.32	(0.40)	1.30
DYFI	0.13	0.00	(0.29)	(1.08)	0.15	(0.16)	0.30	(0.26)	1.20
EDGF	0.11	(0.01)	0.00	(1.69)	0.00	0.00	0.29	(0.20)	0.81
EFIX	0.63	0.04	(0.03)	3.01	0.82	(0.69)	1.36	(1.41)	5.38

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