DGA Core Correlations

HF Etf

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The current 90-days correlation between DGA Core Plus and Davis Select Equity is 0.73 (i.e., Poor diversification). The correlation of DGA Core 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.

DGA Core Correlation With Market

Poor diversification

The correlation between DGA Core Plus and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DGA Core Plus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DGA Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in DGA Core Plus. 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 DGA Etf

0.9	OCIO	ClearShares OCIO ETF	Pair Corr
0.71	MFUL	Collaborative Investment	Pair Corr
0.65	MPRO	Northern Lights	Pair Corr
0.74	RULE	Collaborative Investment Low Volatility	Pair Corr
0.83	UPAR	Tidal ETF Trust	Pair Corr
0.71	MSMR	ETF Series Solutions	Pair Corr
0.8	WIP	SPDR FTSE International	Pair Corr
0.65	QQH	HCM Defender 100	Pair Corr
0.69	SGOL	abrdn Physical Gold	Pair Corr
0.61	JNK	SPDR Bloomberg High	Pair Corr
0.82	USCL	iShares Climate Conscious	Pair Corr
0.64	JADE	JP Morgan Exchange	Pair Corr
0.61	BELT	BlackRock Long Term	Pair Corr
0.62	PLTM	GraniteShares Platinum	Pair Corr
0.64	VONG	Vanguard Russell 1000	Pair Corr
0.63	SLX	VanEck Steel ETF	Pair Corr
0.79	CSD	Invesco SP Spin	Pair Corr
0.83	DFAX	Dimensional World	Pair Corr
0.63	SAWS	AAM Sawgrass Small	Pair Corr
0.69	APRT	AllianzIM Large Cap	Pair Corr
0.88	ITDJ	iShares Trust	Pair Corr
0.68	CPSU	Calamos SP 500	Pair Corr
0.7	QQQM	Invesco NASDAQ 100	Pair Corr
0.65	XLK	Technology Select Sector Aggressive Push	Pair Corr
0.83	TJUL	Innovator Etfs Trust	Pair Corr
0.82	QULL	ETRACS 2x Leveraged	Pair Corr

Related Correlations Analysis

	DUSA	XLSR	PFEB	TAN	PAPR	PCEF	OUSA	BUYW	CGMM	PNQI
DUSA		0.78	0.93	0.34	0.94	0.59	0.94	0.88	0.86	-0.13	DUSA
XLSR	0.78		0.91	0.63	0.9	0.62	0.73	0.87	0.57	-0.15	XLSR
PFEB	0.93	0.91		0.57	0.99	0.64	0.89	0.93	0.78	-0.14	PFEB
TAN	0.34	0.63	0.57		0.55	0.37	0.24	0.61	0.24	-0.21	TAN
PAPR	0.94	0.9	0.99	0.55		0.58	0.89	0.94	0.75	-0.23	PAPR
PCEF	0.59	0.62	0.64	0.37	0.58		0.58	0.5	0.72	0.5	PCEF
OUSA	0.94	0.73	0.89	0.24	0.89	0.58		0.82	0.83	-0.11	OUSA
BUYW	0.88	0.87	0.93	0.61	0.94	0.5	0.82		0.67	-0.34	BUYW
CGMM	0.86	0.57	0.78	0.24	0.75	0.72	0.83	0.67		0.27	CGMM
PNQI	-0.13	-0.15	-0.14	-0.21	-0.23	0.5	-0.11	-0.34	0.27		PNQI
	DUSA	XLSR	PFEB	TAN	PAPR	PCEF	OUSA	BUYW	CGMM	PNQI

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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

PAPR	+ 0.99	PFEB
PAPR	+ 0.94	DUSA
OUSA	+ 0.94	DUSA
BUYW	+ 0.94	PAPR
PFEB	+ 0.93	DUSA
BUYW	+ 0.93	PFEB

High negative correlations

PNQI	- 0.34	BUYW
PNQI	- 0.23	PAPR
PNQI	- 0.21	TAN
PNQI	- 0.15	XLSR
PNQI	- 0.14	PFEB
PNQI	- 0.13	DUSA

DGA Core Constituents Risk-Adjusted Indicators

There is a big difference between DGA Etf performing well and DGA Core 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 DGA Core'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
DUSA	0.69	0.03	0.03	0.10	0.81	(0.69)	1.66	(1.25)	3.59
XLSR	0.61	0.02	0.02	0.09	0.74	(0.67)	1.42	(1.31)	3.46
PFEB	0.23	0.01	(0.08)	0.10	0.26	(0.25)	0.61	(0.52)	1.59
TAN	1.82	0.18	0.10	0.18	1.96	(2.01)	4.35	(3.06)	11.12
PAPR	0.14	0.01	(0.24)	0.12	0.00	(0.16)	0.31	(0.26)	0.81
PCEF	0.40	(0.03)	(0.10)	0.02	0.53	(0.40)	0.82	(0.86)	2.13
OUSA	0.46	0.00	(0.03)	0.07	0.46	(0.47)	1.00	(0.75)	2.53
BUYW	0.24	0.02	(0.14)	0.15	0.20	(0.27)	0.49	(0.49)	1.33
CGMM	0.78	(0.03)	(0.02)	0.04	1.03	(0.75)	1.78	(1.65)	4.17
PNQI	0.82	(0.13)	0.00	(0.05)	0.00	0.00	1.63	(2.07)	4.74

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