Cambria Endowment Correlations

ENDW Etf

31.63 0.03 0.09%

The current 90-days correlation between Cambria Endowment Style and AdvisorShares Dorsey Wright is 0.86 (i.e., Very poor diversification). The correlation of Cambria Endowment 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.

Cambria Endowment Correlation With Market

Very poor diversification

The correlation between Cambria Endowment Style and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Endowment Style and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cambria Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cambria Endowment Style. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Cambria Etf

0.89	TDSC	Cabana Target Drawdown	Pair Corr
0.62	YYY	Amplify High Income	Pair Corr
0.76	FVC	First Trust Dorsey	Pair Corr
0.71	TDSB	Cabana Target Drawdown	Pair Corr
0.8	GMOM	Cambria Global Momentum	Pair Corr
0.72	DALI	First Trust Dorsey	Pair Corr
0.84	MUU	Direxion Daily MU Trending	Pair Corr
0.84	MULL	GraniteShares 2x Long Trending	Pair Corr
0.8	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.65	KORU	Direxion Daily South	Pair Corr
0.69	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.62	SIL	Global X Silver	Pair Corr
0.78	GTR	WisdomTree Target Range	Pair Corr
0.76	QQQM	Invesco NASDAQ 100	Pair Corr
0.89	CPER	United States Copper Buyout Trend	Pair Corr
0.81	JADE	JP Morgan Exchange	Pair Corr
0.96	PBJA	PGIM Rock ETF	Pair Corr
0.78	AGEM	abrdn Emerging Markets	Pair Corr
0.8	FSST	Fidelity Sustainability	Pair Corr
0.95	CPSU	Calamos SP 500	Pair Corr
0.96	CSD	Invesco SP Spin	Pair Corr
0.72	SCZ	iShares MSCI EAFE	Pair Corr
0.71	SGOL	abrdn Physical Gold	Pair Corr
0.78	MYCI	SPDR SSGA My2029	Pair Corr
0.92	VOO	Vanguard SP 500	Pair Corr
0.74	SIXS	6 Meridian Small	Pair Corr
0.95	HLAL	Wahed FTSE USA	Pair Corr
0.98	QLC	FlexShares Quality Large	Pair Corr
0.9	GUSA	Goldman Sachs MarketBeta	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.54	-0.62	0.54	-0.57	0.22	-0.15	-0.56	-0.61	META
MSFT	0.66		0.83	-0.51	0.36	-0.2	0.07	-0.32	-0.77	-0.61	MSFT
UBER	0.54	0.83		-0.61	0.57	-0.27	-0.14	-0.27	-0.85	-0.59	UBER
F	-0.62	-0.51	-0.61		-0.7	0.53	0.3	0.41	0.69	0.75	F
T	0.54	0.36	0.57	-0.7		-0.52	-0.5	-0.21	-0.53	-0.47	T
A	-0.57	-0.2	-0.27	0.53	-0.52		-0.18	-0.26	0.46	0.23	A
CRM	0.22	0.07	-0.14	0.3	-0.5	-0.18		0.37	0.07	0.17	CRM
JPM	-0.15	-0.32	-0.27	0.41	-0.21	-0.26	0.37		0.32	0.41	JPM
MRK	-0.56	-0.77	-0.85	0.69	-0.53	0.46	0.07	0.32		0.65	MRK
XOM	-0.61	-0.61	-0.59	0.75	-0.47	0.23	0.17	0.41	0.65		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.83	MSFT
XOM	+ 0.75	F
MRK	+ 0.69	F
MSFT	+ 0.66	META
XOM	+ 0.65	MRK
T	+ 0.57	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.77	MSFT
T	- 0.7	F
F	- 0.62	META
F	- 0.61	UBER
XOM	- 0.61	MSFT

Cambria Endowment Competition Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Endowment 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 Cambria Endowment'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
META	1.39	(0.24)	0.00	(0.19)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.90	(0.11)	0.00	(0.11)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.35)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.69	(1.65)	3.38	(2.63)	16.30
T	0.97	(0.24)	0.00	(0.75)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.07	0.06	0.13	1.31	(1.37)	2.34	(2.21)	11.03
CRM	1.54	0.06	0.03	0.13	1.97	(1.52)	3.66	(2.92)	9.91
JPM	1.05	0.00	0.01	0.07	1.40	(1.05)	2.00	(1.91)	7.02
MRK	1.45	0.40	0.28	0.53	1.08	(1.84)	4.85	(2.06)	11.45
XOM	0.94	0.06	0.01	0.33	0.99	(1.00)	1.96	(1.51)	4.99

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