Cambria Micro Correlations

MYLD Etf

28.60 0.50 1.78%

The current 90-days correlation between Cambria Micro And and Invesco Actively Managed is 0.37 (i.e., Weak diversification). The correlation of Cambria Micro 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.

Cambria Micro Correlation With Market

Very poor diversification

The correlation between Cambria Micro And and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambria Micro And and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cambria Etf

0.95	VBR	Vanguard Small Cap	Pair Corr
0.97	IWN	iShares Russell 2000	Pair Corr
0.98	DFAT	Dimensional Targeted	Pair Corr
0.96	IJS	iShares SP Small	Pair Corr
0.96	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.96	DES	WisdomTree SmallCap	Pair Corr
0.94	CALF	Pacer Small Cap Low Volatility	Pair Corr
0.96	VIOV	Vanguard SP Small	Pair Corr
0.97	VRTVX	Vanguard Scottsdale Funds	Pair Corr
0.86	UPRO	ProShares UltraPro SP500	Pair Corr
0.76	QTJA	Innovator ETFs Trust	Pair Corr
0.79	QTOC	Innovator ETFs Trust	Pair Corr
0.81	XTOC	Innovator ETFs Trust	Pair Corr
0.8	QTAP	Innovator Growth 100	Pair Corr
0.65	TSJA	TSJA	Pair Corr
0.75	XTJA	Innovator ETFs Trust	Pair Corr
0.63	DSJA	DSJA	Pair Corr
0.77	XDJA	Innovator ETFs Trust	Pair Corr
0.82	XTAP	Innovator Equity Acc	Pair Corr
0.8	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.66	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.78	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.65	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	BAC	Bank of America Aggressive Push	Pair Corr
0.72	DIS	Walt Disney Aggressive Push	Pair Corr
0.76	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Cambria Etf

0.71	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr
0.61	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	MYLD	EFAA	EGUS	EMCS	NIXT	EQLT	WEEL	EVLU	EVUS
MYLD		-0.34	0.83	0.15	0.55	0.0	0.66	0.15	0.83	MYLD
EFAA	-0.34		-0.45	0.52	-0.22	0.64	-0.22	0.53	-0.22	EFAA
EGUS	0.83	-0.45		0.32	0.19	0.12	0.89	0.27	0.89	EGUS
EMCS	0.15	0.52	0.32		-0.33	0.96	0.64	0.98	0.5	EMCS
NIXT	0.55	-0.22	0.19	-0.33		-0.23	-0.07	-0.07	0.13	NIXT
EQLT	0.0	0.64	0.12	0.96	-0.23		0.46	0.95	0.36	EQLT
WEEL	0.66	-0.22	0.89	0.64	-0.07	0.46		0.58	0.9	WEEL
EVLU	0.15	0.53	0.27	0.98	-0.07	0.95	0.58		0.47	EVLU
EVUS	0.83	-0.22	0.89	0.5	0.13	0.36	0.9	0.47		EVUS
	MYLD	EFAA	EGUS	EMCS	NIXT	EQLT	WEEL	EVLU	EVUS

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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

EVLU	+ 0.98	EMCS
EQLT	+ 0.96	EMCS
EVLU	+ 0.95	EQLT
EVUS	+ 0.9	WEEL
WEEL	+ 0.89	EGUS
EVUS	+ 0.89	EGUS

High negative correlations

EGUS	- 0.45	EFAA
EFAA	- 0.34	MYLD
NIXT	- 0.33	EMCS
EQLT	- 0.23	NIXT
EVUS	- 0.22	EFAA
WEEL	- 0.22	EFAA

Cambria Micro Constituents Risk-Adjusted Indicators

There is a big difference between Cambria Etf performing well and Cambria Micro 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 Cambria Micro'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
MYLD	0.92	(0.05)	0.00	0.09	0.84	(1.08)	1.88	(1.52)	7.48
EFAA	0.51	(0.10)	0.00	(0.13)	0.00	0.00	1.18	(1.23)	3.00
EGUS	0.73	0.01	0.00	0.13	0.96	(0.72)	1.71	(1.94)	4.88
EMCS	0.93	(0.03)	(0.08)	0.06	1.18	(0.97)	2.45	(2.00)	6.67
NIXT	0.88	0.06	0.05	0.18	0.90	(0.94)	1.75	(1.74)	5.90
EQLT	0.81	(0.02)	(0.11)	0.00	1.03	(0.91)	2.09	(2.09)	6.09
WEEL	0.25	0.03	(0.16)	0.26	0.17	(0.29)	0.76	(0.53)	1.67
EVLU	0.96	0.02	(0.06)	0.20	1.14	(1.08)	2.26	(2.31)	6.76
EVUS	0.52	0.00	(0.03)	0.12	0.35	(0.62)	1.02	(0.85)	3.48

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