Foundations Dynamic Correlations

FDCE Etf

13.13 0.14 1.08%

The current 90-days correlation between Foundations Dynamic Core and Freedom Day Dividend is 0.86 (i.e., Very poor diversification). The correlation of Foundations 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.

Foundations Dynamic Correlation With Market

Weak diversification

The correlation between Foundations Dynamic Core and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foundations Dynamic Core 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 Foundations Dynamic Core. 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 Foundations Etf

0.96	VTI	Vanguard Total Stock	Pair Corr
0.93	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.93	IVV	iShares Core SP	Pair Corr
0.86	VIG	Vanguard Dividend	Pair Corr
0.92	VV	Vanguard Large Cap	Pair Corr
0.82	RSP	Invesco SP 500	Pair Corr
0.94	IWB	iShares Russell 1000	Pair Corr
0.94	ESGU	iShares ESG Aware	Pair Corr
0.99	DFAC	Dimensional Core Equity	Pair Corr
0.93	SPLG	SPDR Portfolio SP	Pair Corr
0.62	MLPR	ETRACS Quarterly Pay	Pair Corr
0.63	ATMP	Barclays ETN Select Low Volatility	Pair Corr
0.78	BAC	Bank of America	Pair Corr
0.69	JPM	JPMorgan Chase	Pair Corr

Moving against Foundations Etf

0.53	NRGU	Bank Of Montreal	Pair Corr
0.69	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.38	KO	Coca Cola Sell-off Trend	Pair Corr
0.34	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	MBOX	MCHI	DIVS	DIVY	DIVZ	VT	MEMX	MFDX	MFEM
MBOX		0.01	0.52	0.78	0.92	0.77	0.25	0.51	0.26	MBOX
MCHI	0.01		0.68	0.32	0.16	0.15	0.7	0.67	0.88	MCHI
DIVS	0.52	0.68		0.8	0.61	0.52	0.88	0.94	0.87	DIVS
DIVY	0.78	0.32	0.8		0.83	0.66	0.59	0.78	0.6	DIVY
DIVZ	0.92	0.16	0.61	0.83		0.63	0.38	0.61	0.42	DIVZ
VT	0.77	0.15	0.52	0.66	0.63		0.29	0.46	0.27	VT
MEMX	0.25	0.7	0.88	0.59	0.38	0.29		0.89	0.89	MEMX
MFDX	0.51	0.67	0.94	0.78	0.61	0.46	0.89		0.88	MFDX
MFEM	0.26	0.88	0.87	0.6	0.42	0.27	0.89	0.88		MFEM
	MBOX	MCHI	DIVS	DIVY	DIVZ	VT	MEMX	MFDX	MFEM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Foundations Dynamic Constituents Risk-Adjusted Indicators

There is a big difference between Foundations Etf performing well and Foundations 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 Foundations 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
MBOX	0.64	0.00	(0.01)	0.03	0.82	(0.69)	1.27	(1.06)	5.51
MCHI	1.35	(0.05)	0.00	(0.13)	0.00	0.00	2.45	(2.72)	12.27
DIVS	0.50	(0.04)	0.00	(0.09)	0.00	0.00	0.89	(1.22)	3.42
DIVY	0.58	(0.04)	0.00	(0.36)	0.00	0.00	1.18	(1.22)	5.22
DIVZ	0.54	0.01	(0.01)	0.05	0.67	(0.57)	1.12	(0.79)	3.87
VT	0.53	0.01	0.00	0.07	0.80	(0.52)	1.21	(0.99)	4.26
MEMX	0.56	(0.05)	0.00	(0.14)	0.00	0.00	0.96	(1.04)	3.49
MFDX	0.54	(0.06)	0.00	(0.17)	0.00	0.00	1.15	(1.23)	4.03
MFEM	0.60	(0.10)	0.00	(0.28)	0.00	0.00	1.30	(1.62)	4.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC