DGA Core Correlations

HF Etf

USD 21.32 0.01 0.05%

The current 90-days correlation between DGA Core Plus and Davis Select Equity is 0.72 (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 0.77 (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

0.85	OCIO	ClearShares OCIO ETF	Pair Corr
0.86	MFUL	Collaborative Investment	Pair Corr
0.74	MPRO	Northern Lights	Pair Corr
0.91	RULE	Collaborative Investment Low Volatility	Pair Corr
0.84	UPAR	Tidal ETF Trust	Pair Corr
0.92	CLSM	Cabana Target Leading	Pair Corr
0.63	MSMR	ETF Series Solutions	Pair Corr
0.85	PWER	Macquarie ETF Trust	Pair Corr
0.84	INOV	Innovator ETFs Trust	Pair Corr
0.8	INFO	Harbor ETF Trust	Pair Corr
0.85	JEPI	JPMorgan Equity Premium	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.62	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	INTC	Intel Aggressive Push	Pair Corr
0.83	BA	Boeing	Pair Corr
0.65	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.66	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.84	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.7	DIS	Walt Disney Sell-off Trend	Pair Corr

Moving against DGA Etf

0.68	EV	NEOS Investment Mana	Pair Corr
0.54	T	ATT Inc	Pair Corr

Related Correlations Analysis

	DUSA	XLSR	PFEB	TAN	PAPR	PCEF	OUSA	BUYW	CGMM	PNQI
DUSA		0.84	0.97	0.51	0.98	0.8	0.96	0.95	0.91	-0.09	DUSA
XLSR	0.84		0.87	0.5	0.87	0.8	0.81	0.81	0.71	0.11	XLSR
PFEB	0.97	0.87		0.63	0.99	0.87	0.95	0.96	0.91	-0.04	PFEB
TAN	0.51	0.5	0.63		0.6	0.71	0.46	0.62	0.6	0.06	TAN
PAPR	0.98	0.87	0.99	0.6		0.84	0.95	0.97	0.89	-0.1	PAPR
PCEF	0.8	0.8	0.87	0.71	0.84		0.78	0.82	0.87	0.27	PCEF
OUSA	0.96	0.81	0.95	0.46	0.95	0.78		0.92	0.9	-0.12	OUSA
BUYW	0.95	0.81	0.96	0.62	0.97	0.82	0.92		0.88	-0.15	BUYW
CGMM	0.91	0.71	0.91	0.6	0.89	0.87	0.9	0.88		0.09	CGMM
PNQI	-0.09	0.11	-0.04	0.06	-0.1	0.27	-0.12	-0.15	0.09		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	+ 0.98	DUSA
PFEB	+ 0.97	DUSA
BUYW	+ 0.97	PAPR
OUSA	+ 0.96	DUSA
BUYW	+ 0.96	PFEB

High negative correlations

PNQI	- 0.15	BUYW
PNQI	- 0.12	OUSA
PNQI	- 0.1	PAPR
PNQI	- 0.09	DUSA
PNQI	- 0.04	PFEB

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	0.65	0.06	0.06	0.17	0.60	(0.69)	1.59	(1.12)	3.21
XLSR	0.54	(0.01)	(0.05)	0.09	0.59	(0.58)	1.21	(1.20)	3.46
PFEB	0.20	0.01	(0.19)	0.15	0.10	(0.21)	0.51	(0.43)	1.26
TAN	1.74	0.03	0.05	0.12	1.70	(2.05)	4.90	(2.84)	11.12
PAPR	0.13	0.01	(0.43)	0.16	0.00	(0.15)	0.31	(0.26)	0.81
PCEF	0.36	(0.01)	(0.14)	0.07	0.38	(0.41)	0.82	(0.71)	1.95
OUSA	0.47	0.01	(0.04)	0.12	0.37	(0.51)	1.00	(0.68)	2.53
BUYW	0.25	0.01	(0.25)	0.13	0.21	(0.28)	0.50	(0.50)	1.34
CGMM	0.77	0.03	0.04	0.13	0.81	(0.79)	1.81	(1.30)	3.62
PNQI	0.74	(0.16)	0.00	(0.07)	0.00	0.00	1.63	(1.93)	4.74

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