Freedom 100 Correlations

FRDM Etf

USD 59.81 0.59 0.98%

The current 90-days correlation between Freedom 100 Emerging and Goldman Sachs ActiveBeta is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Freedom 100 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freedom 100 Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Freedom 100 Correlation With Market

Very poor diversification

The correlation between Freedom 100 Emerging and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freedom 100 Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Freedom Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freedom 100 Emerging. 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 Freedom Etf

0.97	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental Sell-off Trend	Pair Corr
0.98	ESGE	iShares ESG Aware	Pair Corr
0.99	SFGRX	Seafarer Overseas	Pair Corr
0.98	DGS	WisdomTree Emerging	Pair Corr
0.98	XSOE	WisdomTree Emerging	Pair Corr
0.78	DHF	BNY Mellon High	Pair Corr
0.96	ARP	Advisors Inner Circle	Pair Corr
0.85	PXMV	Invesco SP MidCap	Pair Corr
0.9	IGA	Voya Global Advantage	Pair Corr
0.95	FPXE	First Trust IPOX	Pair Corr
0.98	CHPS	Xtrackers Semiconductor	Pair Corr
0.92	REGL	ProShares SP MidCap	Pair Corr
0.88	WDNA	WisdomTree BioRevolution	Pair Corr
0.99	STXE	EA Series Trust	Pair Corr
0.9	UDI	USCF ETF Trust	Pair Corr
0.85	XAUG	FT Cboe Vest	Pair Corr
0.92	DFSD	Dimensional ETF Trust	Pair Corr
0.83	FB	ProShares Trust ProShares	Pair Corr
0.87	NCPB	Nuveen Core Plus	Pair Corr
0.95	IRTR	iShares Trust	Pair Corr
0.77	FXC	Invesco CurrencyShares	Pair Corr
0.63	WEBS	Direxion Daily Dow	Pair Corr
0.99	CCNR	CoreCommodity Natural	Pair Corr
0.98	EURL	Direxion Daily FTSE	Pair Corr
0.97	NBCE	Neuberger Berman ETF	Pair Corr
0.91	SPVM	Invesco SP 500	Pair Corr
0.94	IQSZ	Invesco Actively Managed	Pair Corr

Moving against Freedom Etf

0.7	ENTR	EntrepreneurShares	Pair Corr
0.45	PLT	Defiance Leveraged Long	Pair Corr

Related Correlations Analysis

	DGS	DTD	EEMA	KBE	ICOW	EWP	GEM	RWJ	PKW	GLOV
DGS		0.94	0.97	0.79	0.97	0.87	0.98	0.88	0.69	0.79	DGS
DTD	0.94		0.91	0.91	0.97	0.91	0.93	0.95	0.84	0.84	DTD
EEMA	0.97	0.91		0.75	0.94	0.87	1.0	0.86	0.7	0.79	EEMA
KBE	0.79	0.91	0.75		0.86	0.92	0.78	0.95	0.94	0.86	KBE
ICOW	0.97	0.97	0.94	0.86		0.91	0.96	0.92	0.77	0.83	ICOW
EWP	0.87	0.91	0.87	0.92	0.91		0.88	0.92	0.9	0.83	EWP
GEM	0.98	0.93	1.0	0.78	0.96	0.88		0.88	0.71	0.81	GEM
RWJ	0.88	0.95	0.86	0.95	0.92	0.92	0.88		0.91	0.83	RWJ
PKW	0.69	0.84	0.7	0.94	0.77	0.9	0.71	0.91		0.79	PKW
GLOV	0.79	0.84	0.79	0.86	0.83	0.83	0.81	0.83	0.79		GLOV
	DGS	DTD	EEMA	KBE	ICOW	EWP	GEM	RWJ	PKW	GLOV

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Freedom 100 Constituents Risk-Adjusted Indicators

There is a big difference between Freedom Etf performing well and Freedom 100 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 Freedom 100'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
DGS	0.54	0.14	0.18	0.36	0.36	(0.63)	1.20	(0.92)	2.81
DTD	0.46	0.06	0.07	0.15	0.46	(0.50)	1.12	(0.85)	3.19
EEMA	0.69	0.10	0.10	0.22	0.64	(0.72)	1.66	(1.25)	4.79
KBE	0.97	0.13	0.11	0.18	0.96	(1.11)	2.74	(1.47)	7.08
ICOW	0.59	0.16	0.16	0.34	0.47	(0.62)	1.37	(1.16)	3.34
EWP	0.81	0.09	0.08	0.17	0.88	(0.87)	1.79	(1.54)	4.38
GEM	0.70	0.13	0.14	0.27	0.57	(0.80)	1.45	(1.23)	4.43
RWJ	0.92	0.09	0.11	0.13	0.80	(1.11)	2.75	(1.78)	5.99
PKW	0.65	0.04	0.04	0.10	0.59	(0.76)	1.64	(1.36)	3.56
GLOV	0.39	0.07	0.02	4.54	0.35	(0.41)	0.80	(0.61)	2.51

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