AAM Low Correlations

PFLD Etf

USD 20.68 0.07 0.34%

The current 90-days correlation between AAM Low Duration and Invesco Financial Preferred is 0.81 (i.e., Very poor diversification). The correlation of AAM Low 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.

AAM Low Correlation With Market

Weak diversification

The correlation between AAM Low Duration and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAM Low Duration and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in AAM Low Duration. 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 AAM Etf

0.92	PFF	iShares Preferred	Pair Corr
0.8	FPE	First Trust Preferred	Pair Corr
0.89	PGX	Invesco Preferred ETF	Pair Corr
0.92	PFFD	Global X Preferred	Pair Corr
0.93	PGF	Invesco Financial	Pair Corr
0.91	PSK	SPDR ICE Preferred	Pair Corr
0.86	PFXF	VanEck Preferred Sec	Pair Corr
0.93	PFFA	Virtus InfraCap Preferred	Pair Corr
0.61	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.75	BND	Vanguard Total Bond	Pair Corr
0.81	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.8	VO	Vanguard Mid Cap	Pair Corr
0.65	VEA	Vanguard FTSE Developed	Pair Corr
0.78	VB	Vanguard Small Cap	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr

Moving against AAM Etf

0.41

Boeing

Pair Corr

Related Correlations Analysis

	PGF	PFF	PFXF	PSK	SDIV
PGF		0.98	0.92	0.99	0.71	PGF
PFF	0.98		0.93	0.99	0.71	PFF
PFXF	0.92	0.93		0.92	0.66	PFXF
PSK	0.99	0.99	0.92		0.68	PSK
SDIV	0.71	0.71	0.66	0.68		SDIV
	PGF	PFF	PFXF	PSK	SDIV

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AAM Low Constituents Risk-Adjusted Indicators

There is a big difference between AAM Etf performing well and AAM Low 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 AAM Low'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
PGF	0.57	(0.06)	0.00	(0.16)	0.00	0.00	1.09	(1.05)	3.38
PFF	0.45	(0.05)	0.00	(0.15)	0.00	0.00	0.91	(0.98)	2.75
PFXF	0.40	(0.04)	0.00	(0.13)	0.00	0.00	0.70	(0.97)	2.20
PSK	0.56	(0.06)	0.00	(0.19)	0.00	0.00	1.09	(1.08)	3.27
SDIV	0.51	(0.01)	(0.01)	(0.03)	0.72	(0.53)	1.10	(0.91)	4.06

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