Scharf ETF Correlations

KAT Etf

55.55 0.00 0.00%

The current 90-days correlation between Scharf ETF and Vanguard Total World is 0.65 (i.e., Poor diversification). The correlation of Scharf ETF 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Scharf ETF Correlation With Market

Almost no diversification

The correlation between Scharf ETF and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scharf ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Scharf Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Scharf ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Scharf Etf please use our How to Invest in Scharf ETF guide.

Moving together with Scharf Etf

0.89	VTI	Vanguard Total Stock	Pair Corr
0.87	SPY	SPDR SP 500	Pair Corr
0.87	IVV	iShares Core SP	Pair Corr
0.88	VIG	Vanguard Dividend	Pair Corr
0.84	VV	Vanguard Large Cap	Pair Corr
0.93	RSP	Invesco SP 500	Pair Corr
0.87	IWB	iShares Russell 1000	Pair Corr
0.82	ESGU	iShares ESG Aware	Pair Corr
0.92	DFAC	Dimensional Core Equity	Pair Corr
0.73	SPLG	SSgA Symbol Change	Pair Corr
0.81	AGQ	ProShares Ultra Silver	Pair Corr
0.85	DFEN	Direxion Daily Aerospace	Pair Corr
0.78	DGP	DB Gold Double	Pair Corr
0.77	UGL	ProShares Ultra Gold	Pair Corr
0.82	NUGT	Direxion Daily Gold Sell-off Trend	Pair Corr
0.64	DIG	ProShares Ultra Oil	Pair Corr
0.76	URNM	Sprott Uranium Miners	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr
0.71	MRK	Merck Company Earnings Call Tomorrow	Pair Corr
0.9	BA	Boeing	Pair Corr
0.68	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr

Moving against Scharf Etf

0.81	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.63	HPQ	HP Inc Aggressive Push	Pair Corr
0.54	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	MSFT	Microsoft	Pair Corr
0.35	MMM	3M Company	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT
DHSB		0.89	0.89	0.13	0.85	0.92	0.83	0.89	0.94	DHSB
MBOX	0.89		0.85	0.26	0.92	0.97	0.92	0.76	0.94	MBOX
DINT	0.89	0.85		0.41	0.78	0.87	0.71	0.74	0.94	DINT
MCHI	0.13	0.26	0.41		0.25	0.13	-0.02	-0.02	0.38	MCHI
DIVS	0.85	0.92	0.78	0.25		0.92	0.9	0.79	0.91	DIVS
DIVY	0.92	0.97	0.87	0.13	0.92		0.94	0.83	0.93	DIVY
DIVZ	0.83	0.92	0.71	-0.02	0.9	0.94		0.76	0.82	DIVZ
PY	0.89	0.76	0.74	-0.02	0.79	0.83	0.76		0.81	PY
VT	0.94	0.94	0.94	0.38	0.91	0.93	0.82	0.81		VT
	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT

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

DIVY	+ 0.97	MBOX
VT	+ 0.94	DHSB
VT	+ 0.94	MBOX
VT	+ 0.94	DINT
DIVZ	+ 0.94	DIVY
VT	+ 0.93	DIVY

High negative correlations

PY	- 0.02	MCHI
DIVZ	- 0.02	MCHI

Scharf ETF Constituents Risk-Adjusted Indicators

There is a big difference between Scharf Etf performing well and Scharf ETF 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 Scharf ETF'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
DHSB	0.25	0.00	(0.06)	0.03	0.34	(0.24)	0.47	(0.59)	1.69
MBOX	0.56	0.03	0.04	0.07	0.54	(0.63)	1.12	(0.95)	2.58
DINT	0.76	0.04	0.04	0.08	0.93	(0.78)	1.46	(1.75)	4.26
MCHI	0.84	(0.08)	0.00	(0.10)	0.00	0.00	1.71	(1.67)	5.30
DIVS	0.47	0.01	(0.01)	0.05	0.52	(0.47)	1.01	(0.90)	2.48
DIVY	0.54	0.07	0.09	0.15	0.53	(0.60)	1.20	(1.12)	3.26
DIVZ	0.51	0.05	0.06	0.13	0.47	(0.59)	0.98	(0.98)	2.59
PY	0.48	(0.02)	(0.05)	0.00	0.60	(0.51)	1.10	(0.91)	3.31
VT	0.53	0.02	0.01	0.06	0.74	(0.51)	1.05	(1.25)	3.11

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