Freedom 100 Correlations

FRDM Etf

USD 57.89 0.32 0.56%

The current 90-days correlation between Freedom 100 Emerging and Goldman Sachs ActiveBeta is 0.56 (i.e., Very weak 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 0.89 (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

0.84	VWO	Vanguard FTSE Emerging	Pair Corr
0.92	IEMG	iShares Core MSCI	Pair Corr
0.78	EMC	Global X Funds	Pair Corr
0.92	EEM	iShares MSCI Emerging	Pair Corr
0.87	SPEM	SPDR Portfolio Emerging	Pair Corr
0.92	FNDE	Schwab Fundamental	Pair Corr
0.92	ESGE	iShares ESG Aware	Pair Corr
0.99	SFGRX	Seafarer Overseas	Pair Corr
0.94	DGS	WisdomTree Emerging	Pair Corr
0.9	XSOE	WisdomTree Emerging	Pair Corr
0.96	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.91	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.91	JNUG	Direxion Daily Junior Trending	Pair Corr
0.91	NUGT	Direxion Daily Gold	Pair Corr
0.9	BMAY	Innovator SP 500	Pair Corr
0.92	EMCS	Xtrackers MSCI Emerging	Pair Corr
0.86	BA	Boeing Earnings Call Tomorrow	Pair Corr
0.74	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.76	INTC	Intel Earnings Call This Week	Pair Corr
0.9	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.8	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Freedom Etf

0.73	FNGO	MicroSectors FANG Index	Pair Corr
0.33	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.77	T	ATT Inc Earnings Call This Week	Pair Corr
0.66	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.41	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	DGS	DTD	EEMA	KBE	ICOW	EWP	GEM	RWJ	PKW	GLOV
DGS		0.85	0.91	0.67	0.87	0.75	0.97	0.86	0.71	0.71	DGS
DTD	0.85		0.69	0.91	0.93	0.91	0.8	0.94	0.93	0.95	DTD
EEMA	0.91	0.69		0.46	0.7	0.57	0.97	0.72	0.58	0.52	EEMA
KBE	0.67	0.91	0.46		0.88	0.93	0.62	0.88	0.91	0.9	KBE
ICOW	0.87	0.93	0.7	0.88		0.93	0.83	0.89	0.82	0.87	ICOW
EWP	0.75	0.91	0.57	0.93	0.93		0.72	0.82	0.87	0.92	EWP
GEM	0.97	0.8	0.97	0.62	0.83	0.72		0.81	0.67	0.65	GEM
RWJ	0.86	0.94	0.72	0.88	0.89	0.82	0.81		0.92	0.85	RWJ
PKW	0.71	0.93	0.58	0.91	0.82	0.87	0.67	0.92		0.92	PKW
GLOV	0.71	0.95	0.52	0.9	0.87	0.92	0.65	0.85	0.92		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	0.49	0.07	0.06	0.22	0.52	(0.53)	0.97	(1.02)	2.33
DTD	0.43	0.00	(0.04)	0.08	0.45	(0.48)	0.92	(0.83)	2.79
EEMA	0.68	0.05	0.03	0.13	0.65	(0.72)	1.40	(1.17)	4.08
KBE	0.87	0.07	0.07	0.14	0.95	(0.98)	2.74	(1.47)	5.18
ICOW	0.54	0.11	0.09	0.27	0.62	(0.56)	1.24	(1.02)	3.19
EWP	0.66	0.12	0.12	0.23	0.62	(0.72)	1.46	(1.42)	3.29
GEM	0.65	0.09	0.09	0.20	0.58	(0.73)	1.35	(1.08)	3.27
RWJ	0.90	0.04	0.05	0.10	0.90	(0.97)	2.07	(1.75)	5.47
PKW	0.67	(0.01)	(0.02)	0.05	0.77	(0.73)	1.30	(1.39)	3.33
GLOV	0.39	0.00	(0.07)	0.06	0.42	(0.41)	0.75	(0.64)	2.51

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