Guru Favorite Correlations

GFGF Etf

USD 32.66 0.11 0.34%

The current 90-days correlation between Guru Favorite Stocks and Global X Aging is 0.47 (i.e., Very weak diversification). The correlation of Guru Favorite 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.

Guru Favorite Correlation With Market

Very weak diversification

The correlation between Guru Favorite Stocks and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guru Favorite Stocks and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guru Favorite Stocks. 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 Guru Etf

0.94	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.95	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.95	IVV	iShares Core SP	Pair Corr
0.79	VIG	Vanguard Dividend	Pair Corr
0.95	VV	Vanguard Large Cap	Pair Corr
0.95	IWB	iShares Russell 1000	Pair Corr
0.95	ESGU	iShares ESG Aware	Pair Corr
0.78	DFAC	Dimensional Core Equity	Pair Corr
0.95	SPLG	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.71	AXP	American Express	Pair Corr

Related Correlations Analysis

	AGNG	GTR	IBTK	IBTH	IHYF
AGNG		0.59	0.67	0.47	0.52	AGNG
GTR	0.59		0.78	0.04	0.23	GTR
IBTK	0.67	0.78		0.53	0.56	IBTK
IBTH	0.47	0.04	0.53		0.88	IBTH
IHYF	0.52	0.23	0.56	0.88		IHYF
	AGNG	GTR	IBTK	IBTH	IHYF

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Guru Favorite Constituents Risk-Adjusted Indicators

There is a big difference between Guru Etf performing well and Guru Favorite 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 Guru Favorite'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
AGNG	0.61	(0.02)	0.00	(0.03)	0.00	0.00	1.22	(1.25)	3.49
GTR	0.53	(0.02)	0.00	(0.04)	0.00	0.00	0.88	(1.20)	3.70
IBTK	0.20	0.00	(0.01)	(0.02)	0.21	(0.27)	0.52	(0.42)	1.47
IBTH	0.09	0.00	0.03	0.12	0.00	(0.11)	0.18	(0.14)	0.59
IHYF	0.19	0.01	0.03	0.07	0.26	(0.20)	0.35	(0.35)	1.69

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Guru Favorite Correlations

Guru Favorite Correlation With Market

Very weak diversification

Moving together with Guru Etf

Related Correlations Analysis

Guru Favorite Constituents Risk-Adjusted Indicators

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