DGA Core Correlations

HF Etf

USD 21.47 0.00 0.00%

The current 90-days correlation between DGA Core Plus and Invesco NASDAQ Internet is 0.13 (i.e., Average 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

Very poor diversification

The correlation between DGA Core Plus and DJI is 0.83 (i.e., Very 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

0.95	OCIO	ClearShares OCIO ETF	Pair Corr
0.89	MFUL	Collaborative Investment	Pair Corr
0.75	MPRO	Northern Lights	Pair Corr
0.93	RULE	Collaborative Investment	Pair Corr
0.85	UPAR	Tidal ETF Trust	Pair Corr
0.9	CLSM	Cabana Target Leading	Pair Corr
0.94	MSMR	ETF Series Solutions	Pair Corr
0.84	GDXU	MicroSectors Gold Miners	Pair Corr
0.71	USD	ProShares Ultra Semi Downward Rally	Pair Corr
0.87	JNUG	Direxion Daily Junior	Pair Corr
0.88	NUGT	Direxion Daily Gold	Pair Corr
0.9	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.81	KORU	Direxion Daily South	Pair Corr
0.61	AGQ	ProShares Ultra Silver Buyout Trend	Pair Corr
0.9	DGP	DB Gold Double	Pair Corr
0.79	SCDV	ETF Series Solutions	Pair Corr
0.89	KNGZ	First Trust Exchange	Pair Corr
0.88	DFIV	Dimensional International Sell-off Trend	Pair Corr
0.87	CVMC	Morgan Stanley ETF	Pair Corr
0.89	NRES	Xtrackers RREEF Global	Pair Corr
0.95	EPU	iShares MSCI Peru	Pair Corr
0.91	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.77	USO	United States Oil	Pair Corr
0.87	ITA	iShares Aerospace Defense	Pair Corr
0.73	BIB	ProShares Ultra Nasdaq	Pair Corr
0.82	FIEE	FiEE Inc Symbol Change	Pair Corr
0.81	SEA	US Global Sea	Pair Corr
0.92	RSST	Return Stacked Stocks	Pair Corr
0.87	STXV	EA Series Trust	Pair Corr
0.79	EMIF	iShares Emerging Markets	Pair Corr
0.75	BDEC	Innovator SP 500	Pair Corr
0.9	ESGD	iShares ESG Aware	Pair Corr
0.86	FIDU	Fidelity MSCI Industrials	Pair Corr
0.87	VYMI	Vanguard International	Pair Corr
0.85	HCMAX	THE HILLMAN FUND	Pair Corr
0.63	IYR	iShares Real Estate	Pair Corr

Moving against DGA Etf

0.32

BULZ

MicroSectors Solactive

Pair Corr

Related Correlations Analysis

	DUSA	XLSR	PFEB	TAN	PAPR	PCEF	OUSA	BUYW	CGMM	PNQI
DUSA		0.16	0.95	0.81	0.94	0.88	0.92	0.91	0.91	-0.51	DUSA
XLSR	0.16		0.21	-0.24	0.1	0.0	-0.01	0.16	-0.02	0.66	XLSR
PFEB	0.95	0.21		0.83	0.98	0.91	0.89	0.97	0.93	-0.48	PFEB
TAN	0.81	-0.24	0.83		0.87	0.88	0.83	0.83	0.88	-0.84	TAN
PAPR	0.94	0.1	0.98	0.87		0.93	0.9	0.96	0.95	-0.57	PAPR
PCEF	0.88	0.0	0.91	0.88	0.93		0.91	0.87	0.91	-0.64	PCEF
OUSA	0.92	-0.01	0.89	0.83	0.9	0.91		0.85	0.88	-0.62	OUSA
BUYW	0.91	0.16	0.97	0.83	0.96	0.87	0.85		0.91	-0.5	BUYW
CGMM	0.91	-0.02	0.93	0.88	0.95	0.91	0.88	0.91		-0.63	CGMM
PNQI	-0.51	0.66	-0.48	-0.84	-0.57	-0.64	-0.62	-0.5	-0.63		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	+ 0.98	PFEB
BUYW	+ 0.97	PFEB
BUYW	+ 0.96	PAPR
PFEB	+ 0.95	DUSA
CGMM	+ 0.95	PAPR
PAPR	+ 0.94	DUSA

High negative correlations

PNQI	- 0.84	TAN
PNQI	- 0.64	PCEF
PNQI	- 0.63	CGMM
PNQI	- 0.62	OUSA
PNQI	- 0.57	PAPR
PNQI	- 0.51	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	0.64	0.08	0.08	0.20	0.61	(0.72)	1.59	(1.02)	4.42
XLSR	0.56	(0.04)	(0.09)	0.05	0.70	(0.54)	1.12	(1.31)	4.16
PFEB	0.21	0.02	(0.17)	0.18	0.08	(0.23)	0.51	(0.54)	1.81
TAN	1.65	0.23	0.14	0.31	1.60	(2.01)	3.66	(2.92)	8.96
PAPR	0.11	0.02	(0.58)	0.28	0.00	(0.14)	0.31	(0.18)	0.80
PCEF	0.36	0.09	(0.07)	(0.77)	0.24	(0.43)	0.84	(0.70)	1.97
OUSA	0.45	0.10	(0.05)	(0.57)	0.35	(0.50)	0.95	(0.66)	3.34
BUYW	0.24	0.01	(0.21)	0.16	0.21	(0.28)	0.50	(0.42)	1.56
CGMM	0.78	0.12	0.17	0.22	0.48	(0.91)	1.81	(1.15)	4.87
PNQI	0.84	(0.21)	0.00	(0.13)	0.00	0.00	1.42	(2.37)	6.07

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